Dallas Housing Market Slows as Indian H-1B Visa Buyers Depart
By
Prashant Gopal, Tanaz Meghjani
Summary
The Dallas housing market, which boomed for nearly a decade due to an influx of skilled Indian professionals on H-1B visas, is now cooling as immigration policies tighten and these buyers disappear. Builders like Zach Schneider had customized homes with Hindu prayer rooms (puja rooms) and spice kitchens to cater to South Asian buyers. The article explores how this demographic shift is reshaping the real estate landscape in North Texas, with declining demand from a group that had become a major economic driver in the region.
Source
bskyDallas Housing Market Slows as Indian H-1B Visa Buyers Departbloomberg.comKey quotes
· 3 pulledZach Schneider points to a room just off the foyer of a $1 million model home north of Dallas. The 40-year-old builder has staged it with shelves and a dark wooden desk, done up like a typical study. But its tall, north-facing windows hint at the use it was designed for — as a puja room, a traditional Hindu prayer space.
Down the hall there's an area that could one day be redolent with turmeric, cumin and cardamom. 'A spice kitchen,' he says, highlighting an optional upgrade that could appeal to a buyer from India.
For almost a decade, South Asians have been the drivi
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