Bloomberg reports a stark reversal in North Texas: the H-1B-fueled housing boom that turned Dallas suburbs like Frisco and Prosper into “Dallaspuram” is collapsing.
For years, Indian software engineers on H-1B visas powered a luxury-home surge …buying up to 70% of new builds, snapping up $800k houses with puja rooms and spice kitchens. Collin County’s Indian population exploded. Builders couldn’t keep up.
Now? That pipeline has slammed shut.
The Trump administration’s new $100,000 “expedited review” fee for overseas H-1B petitions, combined with stricter wage rules, AI-driven tech layoffs, and state-level crackdowns in Texas, has sent Indian buyers fleeing. One builder saw Indian sales drop from 70% to under 30%. Luxury inventory is piling up. Home prices in key suburbs fell nearly 9% year-over-year in February.
Families who transformed the region are now facing exile:
homes underwater, foreclosures looming, some returning to India after sudden job losses.
One realtor called it a “bloodbath” for the high-end market.
The human cost is brutal …skilled professionals who helped build the boom now watching it evaporate.
Bloomberg asks: Is the H-1B crackdown protecting American jobs… or hollowing out the very growth it once created?
bloomberg.com/features/2026-…