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“For almost a decade, South Asians have been the driving force behind this region’s building boom, one of the biggest in the US during the pandemic. They once accounted for 70% of sales at Schneider’s Tradition Homes. But in the past year they’ve dropped below 30%. His family-owned company has a backlog of 125 luxury properties under construction.”

….

“But the momentum is quickly reversing. Indian buyers are disappearing from the market as federal and state governments tighten H-1B restrictions and many of the tech companies that employed the new arrivals fire workers in favor of artificial intelligence. Prices in the Collin County suburbs north of Dallas in February dropped almost 9% from a year earlier, compared with a decline of 4% in the metro area as a whole, according to data from brokerage Redfin.”

Excerpt From
“H-1B Crackdown on Indian Workers Erodes a Texas Real Estate Boom”
Prashant Gopal, Tanaz Meghjani
Bloomberg Businessweek
https://apple.news/A3JQrfcQcQIyxm38CCKS2Dg
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https://www.bloomberg.com/features/2026-dallas-h1b-housing-market/