Bloomberg.com reported today that with the rising peso and a economy growing faster than the US, many Mexican investors are looking to purchase land available in Texas.
The peso has gained 5.9 percent against the dollar since the beginning of the year allowing many to find great deals across the border, particularly foreclosed homes in Texas. While Texas isn't hurting as bad as the market in California, existing home sales in Texas fell 12 percent from a year ago in the first quarter. Foreclosures were up 29% from last year.
A century and a half later, it sounds like Mexico might be buying back Texas!