Fewer foreigners buying homes in Texas

Gross sales of Texas houses to international consumers have fallen dramatically prior to now yr, in line with info launched by the National Association of Realtors.

Overseas consumers spent forty two % less on houses in Texas between April 2017 and March 2018 compared to the previous yr — a $7.8 billion drop. The lower outstrips a 21 % dip in international house gross sales nationwide.

Some say modifications in coverage are partially blame.

Ivan Arjona, a Houston actual estate agent with RE/MAX stated that many Mexicans are holding off on shopping for a second residence in america. “Proper now, they’re in a limbo type of factor with the new president,” he stated.

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