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Cypress Texas Real Estate

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Texas remains one of the nation’s hottest spots for international homebuyers

October 30, 2020 By Christine

From Houston Culture Map

In the midst of facing slim inventory and the onset of the coronavirus pandemic, Texas remained one of the most sought-after destinations for international homebuyers.

From April 2019 to March 2020, Texas was home to 9 percent of all U.S. real estate purchases by international buyers, according to the 2020 edition of the Texas International Homebuyers Report, released October 12 by Texas Realtors.

That puts the Lone Star State third, behind only Florida and California.

“Texas continues to enjoy strong international real estate sales activity. From relocations to commercial or residential, foreign buyers choose Texas because of our resilient economy, job availability, investment opportunities, and friendly business climate,” says Cindi Bulla, chairman of Texas Realtors, in a release.

In total, 13,860 Texas homes were purchased by international buyers in the time period, to the tune of $6.6 billion. While it’s an impressive figure, it’s a significant drop in sales dollars from the previous period, when the state raked in nearly $8 billion from this global group.

The majority of these homebuyers hail from Mexico (28 percent), followed by Brazil and India (each 12 percent), China (5 percent), and Canada (3 percent).

Like Texas, the U.S. as a whole saw a dip in international homebuying activity in the most recent reporting period. Sales were down 16 percent, and 154,000 homes were sold across the country, a drop from 183,100 sold from 2018-2019.

Despite the slowdown, Texas Realtors “remain confident in a rapid rebound,” says Bulla. “Our state’s strong economy and attractive investment opportunities will continue to spur interest from international investors for years to come.”

(read more…)

 

Filed Under: General Information, Home Buying, Housing Market, Houston News, National News, News Tagged With: cy fair real estate, cypress texas real estate, cypress texas realtors, houston real estate, texas international home buyers, texas. real estate

About The Agent

AvatarChristine Hebel
Licensed Realtor
Re/Max Cypress
More About Me…

Most Recent Listings – Cypress

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12618 Pleasant Grove Road
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Photo of 12618 Pleasant Grove Road, Cypress, TX 77429 (MLS # 39039042)
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19823 Kelsey Gap Court
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Photo of 19823 Kelsey Gap Court, Cypress, TX 77433 (MLS # 72859871)
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Photo of 12030 Auckland Point, Cypress, TX 77429 (MLS # 4105994)
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Photo of 16734 Thorn Cypress Drive, Cypress, TX 77429 (MLS # 96509107)
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Photo of 10927 Sunnydale Ridge Lane, Cypress, TX 77433 (MLS # 35436444)
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Photo of 19410 S Blueberry Cedar Drive, Cypress, TX 77433 (MLS # 50126730)
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12959 Lemur Lane
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Photo of 12959 Lemur Lane, Cypress, TX 77429 (MLS # 22822860)
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18510 By The Lake Court
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Photo of 18510 By The Lake Court, Cypress, TX 77429 (MLS # 46640090)
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18518 Inspiration Drive
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Photo of 18518 Inspiration Drive, Cypress, TX 77433 (MLS # 13506444)
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15815 Jubilation Lane
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Photo of 15815 Jubilation Lane, Cypress, TX 77433 (MLS # 49316051)
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Photo of 18907 Iron Rose Court, Cypress, TX 77429 (MLS # 9013145)
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Photo of 19310 Round Prairie, Cypress, TX 77433 (MLS # 7471908)
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Photo of 20215 Pioneer Ridge Drive, Cypress, TX 77433 (MLS # 3414898)
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Photo of 15702 Park Poetry Court, Cypress, TX 77433 (MLS # 50370995)
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Photo of 13715 Grey Hollow Lane, Cypress, TX 77429 (MLS # 54470673)
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Photo of 12734 Hunters Canyon, Cypress, TX 77429 (MLS # 36910195)
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Photo of 19211 Round Prairie, Cypress, TX 77433 (MLS # 42960047)
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Photo of 20502 Bouganvilla Blossom Lane, Cypress, TX 77433 (MLS # 80904344)
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Photo of 20507 S Blue Hyacinth Drive, Cypress, TX 77433 (MLS # 6593197)
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Photo of 27211 Windy Grove Lane, Cypress, TX 77433 (MLS # 44092306)
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    Photo of 12618 Pleasant Grove Road, Cypress, TX 77429 (MLS # 39039042)
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    Photo of 12030 Auckland Point, Cypress, TX 77429 (MLS # 4105994)
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    Photo of 10927 Sunnydale Ridge Lane, Cypress, TX 77433 (MLS # 35436444)
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    Photo of 19410 S Blueberry Cedar Drive, Cypress, TX 77433 (MLS # 50126730)
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    Photo of 12959 Lemur Lane, Cypress, TX 77429 (MLS # 22822860)
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    Photo of 18518 Inspiration Drive, Cypress, TX 77433 (MLS # 13506444)
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    Photo of 15815 Jubilation Lane, Cypress, TX 77433 (MLS # 49316051)
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    Photo of 18907 Iron Rose Court, Cypress, TX 77429 (MLS # 9013145)
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    Photo of 19310 Round Prairie, Cypress, TX 77433 (MLS # 7471908)
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    Photo of 20215 Pioneer Ridge Drive, Cypress, TX 77433 (MLS # 3414898)
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    Photo of 15702 Park Poetry Court, Cypress, TX 77433 (MLS # 50370995)
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    Photo of 13715 Grey Hollow Lane, Cypress, TX 77429 (MLS # 54470673)
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    Photo of 12734 Hunters Canyon, Cypress, TX 77429 (MLS # 36910195)
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    Photo of 19211 Round Prairie, Cypress, TX 77433 (MLS # 42960047)
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    Photo of 20502 Bouganvilla Blossom Lane, Cypress, TX 77433 (MLS # 80904344)
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    Photo of 20507 S Blue Hyacinth Drive, Cypress, TX 77433 (MLS # 6593197)
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    Photo of 27211 Windy Grove Lane, Cypress, TX 77433 (MLS # 44092306)
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Christine Hebel

AvatarLicensed Realtor
Re/Max Cypress
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christine.hebel@cypress-texas-real-estate.com
281-455-3638

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Cypress, TX 77433
Phone (281) 373-4300
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