Real estate purchase by international homebuyers brought $7.8 billion to the Texas economy, says a new report from Texas Realtors. From April 2018 to March 2019, Texas accounted for 10 percent of all homes purchased by international homebuyers in the United States, with 18,310 home sales out of 183,100 nationwide according to the Texas International Homebuyers Report from Texas Realtors. The U.S. saw a 31 percent decrease in the number of foreign buyer purchases compared to the last reporting period.
Texas ranked third in the nation for homes sold to international buyers, behind Florida and California, with the bulk of those buyers hailing from Mexico and India. Of all homebuyers from Mexico, 28 percent purchased a home in Texas. The next closest state, California, had 10 percent of the total homebuyers from Mexico. Among buyers from India, 13 percent chose Texas — just behind first-place Florida, with 14 percent.
From Staff Reports
Nearly nine years to the day that veteran Dallas journalist Candy Evans began CandysDirt.com, the online real estate publication that became the flagship news provider of the Candy’s Media brand, the organization announced the promotion of a key staff member.
“I could not be more proud to announce that Shelby Skrhak will be expanding her role within the Candy’s Media brand,” said Executive Editor Joanna England. “We’ve grown at an astronomical rate over the past year, and I can’t think of a better person to help lead our staff and maintain our brand integrity.”