Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions
    • Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor
    • Gold and Silver ETFs drive passive flows in September 2025
    • The politics premium is punishing bonds from Paris to Tokyo
    • Malaysia concludes Expo 2025 Osaka with RM24.45b in potential trade and investments, says Miti sec-gen
    • Bitcoin’s Flash Crash Over Weekend Prompts Analyst To Sound Warning on BTC ETFs: Continuous Liquidity Essential To ‘Prudent Risk Management’ – iShares Bitcoin Trust (NASDAQ:IBIT)
    • Buying gold every year on Diwali is like an SIP: Don’t overinvest and stick to asset allocation
    • Crypto’s Weekend Wipeout Exposes a Glaring Flaw in Wall Street’s Bitcoin ETFs
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Investments»Foreign investment in US housing drops, but Texas still a top market
    Investments

    Foreign investment in US housing drops, but Texas still a top market

    July 17, 2024


    Above Autumn Colors Aerial on Suburbs Homes in Austin , Texas. Looking down Birds Eye View on Suburbia Homes in Austin , Texas a Colorful Residential Area in Fall Autumn

    Above Autumn Colors Aerial on Suburbs Homes in Austin , Texas. Looking down Birds Eye View on Suburbia Homes in Austin , Texas a Colorful Residential Area in Fall Autumn (Getty Images)

    AUSTIN (KXAN) — Texas is the 2nd most desired housing market for foreign buyers, but that money has decreased nationally over the last year, according to a new report from the National Association of Realtors.

    NAR Chief Economist Lawrence Yun said that foreign investment is slowing down due to “tight inventory” in the U.S., but that it opens up more space for domestic buyers.


    “If it was the case that foreigners were a much heavier presence, I think that would have raised a tremendous amount of frustration among domestic buyers,” Yun said. “If it were 15 years ago when we had an abundance of inventory and we wanted a buyers to pick up those properties, but we are in a different environment with limited inventory.”

    Who’s interested in Texas? Buyers from Mexico (42% of their purchases) and India (13% of their purchases). Entities from Canada (4% of purchases), China (7%) and Colombia (5%) looked more to Florida and California instead of Texas.

    Those top five foreign buyers spent around $2.5 billion in the Texas economy, based on the report’s data. Nearly $1.17 billion of that came from Mexico and around half a billion each from India and China.

    Nationally, the majority of purchases (76%) are for single-family homes, with 45% of buyers purchasing property for use as a vacation home or rental, according to the report. On average, purchases by foreign buyers are $780,300 — the highest since 2009 — with a median of $475,000.


    Austin metro at highest inventory of home listings since 2011, pushing median prices down

    The NAR’s report said that the group started tracking these numbers in 2009 and that the past year saw the lowest number of homes bought by foreign entities.

    “A stronger dollar makes US property more expensive [for foreign buyers],” Yun said. “Places like Texas or Florida, where we have seen some legislation introduced specifically targeting some countries like China.”

    During the 2023 regular session of the Texas Legislature, Senator Lois Kolkhorst, R-Brenham, authored a bill that would have prohibited real estate purchases by governmental agencies, companies and citizens of China, Iran, North Korea or Russia.


    March 2023: Senator Kolkorst responds to backlash over bill restricting Texas land sales

    The original version of the bill drew criticism from Texas Democrats, leading to an amended version of the bill that removed the restrictions on individuals. That version passed in the Texas Senate but died in the House State Affairs Committee.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Malaysia concludes Expo 2025 Osaka with RM24.45b in potential trade and investments, says Miti sec-gen

    October 12, 2025

    UTI Asset Management halts new investments in silver ETF, follows Kotak Mahindra AMC’s suspension

    October 11, 2025

    Sweden Makes Gripen Availability Investments

    October 10, 2025
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The politics premium is punishing bonds from Paris to Tokyo

    October 12, 2025

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Mutual Funds

    After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions

    October 13, 2025

    Following Kotak Mutual Fund and UTI Mutual Fund, SBI Mutual Fund has now suspended fresh…

    Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor

    October 13, 2025

    Gold and Silver ETFs drive passive flows in September 2025

    October 12, 2025

    The politics premium is punishing bonds from Paris to Tokyo

    October 12, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    BlackRock launches three targeted ETFs for investors looking to diversify risks

    October 24, 2024

    Analysis-Bond markets face a reckoning after stellar summer run

    August 29, 2024

    ETFGI reports assets invested in the global ETFs industry reached a new record high of 13.14 trillion US Dollars at the end of June

    July 17, 2024
    Our Picks

    After Kotak and UTI, SBI Mutual Fund halts silver ETF FoF subscriptions

    October 13, 2025

    Winning move for investment into equity MF: Go for funds with lower probability of loss if you are a conservative investor

    October 13, 2025

    Gold and Silver ETFs drive passive flows in September 2025

    October 12, 2025
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.