The Lone Star state has emerged as the most popular destination for international homebuyers.

“Texas housing market is outrageous rn,” Ramona Nicole recently posted on Twitter.

Despite the changes and challenges brought on by the lingering impacts of COVID-19, the 2021 edition of the recently released Texas International Homebuyers Report lists Texas as the No. 3 U.S. market for international buyers.

"The pandemic had a significant impact on the number of foreign homebuyers over the last year," Texas Realtors chairman Marvin Jolly said in a statement. "Even so, Texas remained one of the top destinations for people around the world to purchase a house [in the U.S.]. International homebuyers continue to choose Texas because they recognize the strength of our economy, abundance of investment opportunities and attractive cost of living."

Over a year-long period commencing in April 2020, the report details nearly 10,000 homes across the state were purchased by international buyers, overall representing 9% of all international home sales in the country. Collectively, the acquisitions were valued at $4.9 billion.

A more in-depth study of the numbers finds that 42% of those homebuyers were from the Latin America/Caribbean region, 30% were from the Asia/Oceania region and another 29% were from Mexico.

Overall, VictoriaAdvocate.com reports demand for homes have soared during the pandemic as people sought out spaces that were more appropriate for working from home and some residents relocated to more rural communities.

A possible reason fewer homes are on the market could be that homebuyers who sell homes in more expensive markets are not just buying homes for themselves but also are using the money from their home sales to invest in real estate, Alegria said.