A new report showing more and more people from around the world are buying homes here in the Austin area, contributing $613 million to the region's economy from April 2021-March 2022.
And so what were some of the top countries? I understand India had a pretty big proportion of this international market, right?Yeah, that's correct. So India buyers from India represent about 21% of the international buyers that we're seeing in the area, and then about 10% are coming from Mexico. China comes in around 6%. So those are the top three that we're seeing coming to the Austin area.
One thing I noticed in the report that I think you may find interesting is that a lot of the buyers coming from India are here on a visa and the buyers coming from Mexico are here with green cards. And so it's really attracting everyone.It's certainly an exciting phenomenon. But I mean, is there kind of a double-edged sword here? Obviously, this is good for the economy.
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