Texas is an epicenter for foreign investment in the U.S. housing market.
International buyers bought $59 billion in U.S. residential properties from April 2021 to March 2022, up 8.5% from the previous year and breaking three consecutive years of declines, according to a new report from the National Association of Realtors.
Although overall dollar volume increased, rising home prices offset an annual decline in the number of homes sold to the international buyers throughout the country, which was still down 7.9%.
