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International Homebuyers Purchased More than $4 Billion in Residential Real Estate in Texas

Report sheds light on international homebuyer behavior in the state.

September 06, 2023 — Austin

最近的一份报告 released by Texas REALTORS® revealed that international homebuyers spent $4.3 billion on nearly 10,000 home purchases in Texas from April 2022 to March 2023. This activity represents 2.8% of the total number of homes sold and 3.6% of total dollar volume of residential sales.

While the median home price for international buyers, at $320,800, is lower than the overall Texas median of $342,000, the average purchase price for international buyers was $446,100. This suggests that while the majority of international buyers purchased homes priced close to or below the Texas median, a subset of international buyers bought significantly more expensive homes, driving up the average and total dollar volume.

Nearly half (49%) of international buyers opted for all-cash transactions. This indicates that many of those buyers had a desire and means to purchase property without obtaining a mortgage. 的 report also revealed that a significant portion (61%) of international buyers already resided in the U.S. 签证.

“Texas has long been one of the most popular states for international buyers,马库斯·菲普斯说, 2023 Chairman of the Texas REALTORS®. “我们强劲的经济, 多样化的人口, and high quality of life make the Lone Star State an attractive destination.”

According to a National Association of REALTORS® nationwide report of international homebuying activity, 11.7% of all international buyers of residential property in the U.S. purchased a home in Texas, behind only Florida (23%) and California (12.2%).

Mexico led significantly in terms of country of origin for foreign homebuyers in Texas, accounting for 41% of purchases. 的 other top countries were China (8%), 印度(7%), Nigeria (5%) and Venezuela (5%), showing a diverse international interest in the Texas real estate market.

关于Texas REALTORS®

有150多个,000个成员, Texas REALTORS® is a professional membership organization that represents all aspects of real estate in Texas. We are the advocate for REALTORS® and private property rights in Texas.

About the Texas International Homebuyers Report

的 Texas International Homebuyers Report is based on survey data from the Profile of International Home Buying Activity 和 Business Data for Engaging in International Real Estate Transactions in Texas studies by the National Association of REALTORS®, the American Community Survey 由美国.S. Census Bureau, 和 Yearbook of Immigration Statistics 由美国.S. Office of Immigration Statistics. Texas REALTORS® distributes insights about the Texas housing market each month, including quarterly market statistics, trends among homebuyers and sellers, 豪宅销售, 公寓销售, 和更多的.