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International homebuyers purchased nearly 10,000 homes in Texas from April 2020 to March 2021, representing $4.9 billion in sales, according to Texas Realtors' Texas International Homebuyers Report.
Texas was third in the nation, behind Florida and California, for homes sold to international buyers. The state accounted for 9% of all homes purchased by international homebuyers in the United States, with 9,630 home sales out of the 107,000 nationwide.
International home purchases decreased 31% in the U.S. compared with last year's report.
"The pandemic had a significant impact on the number of foreign homebuyers over the last year," said Marvin Jolly, chairman of Texas Realtors. "Even so, Texas remained one of the top destinations for people around the world to purchase a house here. International homebuyers continue to choose Texas because they recognize the strength of our economy, abundance of investment opportunities and attractive cost of living."
According to the report, 42% of international homebuyers in Texas came from the Latin America/Caribbean region, and 30% originated from the Asian/Oceania region.
Texas was the top destination for international homebuyers from Mexico. Of all homebuyers from Mexico purchasing a home in the U.S., 29% bought a home in Texas. Among buyers from India, 11% chose Texas.
The latest Texas Quarterly Commercial Report has more.