Keep pulling the thread on Prashant Gopal.
Homebuilders in the Dallas area reported that South Asian buyers accounted for 70% of their sales during the pandemic housing boom.
Between 2021 and 2024, the U.S. federal government granted almost 32,000 H-1B visas to individuals in the Dallas area.
Home prices in Collin County, Texas, have declined 9% year-over-year.
Since 2018, Charles Schwab, Caterpillar, KFC, and Toyota North America have all relocated their corporate headquarters to the Dallas region.
The Trump administration has imposed a $100,000 fee for new H-1B visas.
In January, Texas Governor Greg Abbott froze H-1B petitions for the state's agencies and public university roles to investigate alleged fraud in the program.
A Dallas-area developer reported that the proportion of South Asian buyers in their business fell from 70% to below 30% over the past year.
According to Prashant Gopal, a burst of new home construction in the Dallas-Fort Worth area was initiated during the pandemic due to an influx of remote workers and corporate relocations.
The influx of homebuyers on H-1B visas in the Dallas area has reduced drastically.
From 2021 to 2024, the Dallas area was granted more H-1B visas than Silicon Valley, Seattle, Washington D.C., or San Francisco.
According to a housing analyst cited by Prashant Gopal, the South Asian community in Dallas became the most important group of first-time homebuyers for builders.
The regional population of Dallas, Texas has grown by 63% over the past 25 years.