“If you live in Texas, you already know there are many reasons to love living here. You don’t have to go very far past your front porch to experience Texas’ southern hospitality and some of the friendliest people around. There’s the unmatched natural beauty of our many national and state parks, world class shopping and dining, top-notch universities, and BBQ so good people will get up before dawn and wait for hours just to get a taste. And, of course, Whataburger.
Half of the 10 fastest growing cities in the U.S. are in Texas. And it’s no wonder! Texas has one of the strongest job markets in the country with both unemployment rates and cost of living lower than the national average. Our business friendly climate has lured many large corporations to move their headquarters to Texas, and the housing market is on fire, with Forbes reporting that home prices in Dallas are expected to increase 31% by 2020.
None of these are a surprise to all those who call Texas home, but it seems like the rest of the world is catching on as well. International buyers purchasing homes in Texas have surged in the last year, adding over $18.6 billion to the Texas economy from April 2016 to March 2017. (Texas Association of Realtors) What’s even more unbelievable is that figure is up 59% compared to the same time frame last year. Only Florida had more international home purchases.
“This surge in international home sales activity underscores the growing reputation Texas has as a global destination for owning a home or investment property, “ said Vicki Fullerton, chairman of the Texas Association of Realtors. “The state’s low unemployment, diverse industry base and world class higher education institutions are just some of the reasons why international residents seek to attend college, raise a family, or do business in Texas.”