International homebuyers contribute $18.66 billion to Texas economy from 2016-2017

International buyers contributed $18.66 billion to the Texas economy in the year ending in March 2017, making Texas the second most popular state in the US in terms of international real estate transaction volume. Why? Because people see the low unemployment, diverse industry base, and great higher education opportunities in Texas. 34,135 homes in Texas were sold to international buyers in the year, up 59 percent year over year. Homebuyers from Latin America constituted 40 percent, and Asian buyers including Chinese and Indian constituted 40 percent of international buyers as well. Texas is the most popular destination for Mexicon buyers in the US. The Lone Star State also sees dramatic share of Chinese buyers who account for 11 percent of international buyers. Read more here.