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Arizona among states with highest international investments in housing sector

foreign InvestorsBy Steve Brown | Dallas Morning News

International buyers account for more than $6 billion in annual investments in the Texas housing sector, a new report from the Texas Association of Realtors says.

The Austin-based real estate trade association analyzed home-buying transactions between March 2012 and March 2013.

During that period, international homebuyers contributed more than $6.13 billion to Texas’ economy, the researchers found.

Texas and Arizona were tied as the U.S. states with the third-highest investment by international homebuyers. Florida and California were the top markets for foreign buyers.

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