President Trump’s crackdown on abuse of the H-1B visa, along with big layoffs by tech firms, is reducing house prices in and around Dallas, and in other cities across the state and the rest of the country.
The New York Post reports that a significant correction is taking place in the housing market due to the Trump admin’s immigration policies.
Prices skyrocketed in cities like Dallas, the Post reports, and “the engine behind it all was a wave of Indian-born H-1B visa workers flooding into high-tech jobs along a corporate corridor that attracted more company headquarters relocations than anywhere else in the country between 2018 and today.”
“Trump’s escalating crackdown on the H-1B program, which grants temporary visas to high-skilled foreign workers, has helped trigger a price correction in one of the nation’s most overheated regional housing markets.
“Meanwhile, over 52,000 tech sector jobs were cut during the first three months of the year. By early summer 2026, tech industry job losses had surpassed 123,000, with AI consistently cited as the primary reason for these workforce reductions.
“In Collin County—the suburban epicenter of the boom—home prices fell nearly 9% year-over-year as of February, more than double the 4% drop recorded across the broader Dallas-Fort Worth metro, according to Redfin data.”
The retreat of Indian buyers is effectively acting as a “release valve” on prices.
Dallas saw the largest influx of new H-1B workers during the Biden administration—more than Silicon Valley, Seattle, San Francisco and Washington DC.
The population of suburbs like Prosper, Frisco and Celina tripled in just five years.
Frisco, for example, saw Indians go from 6% of the population in the early 2010s to around 20% by the mid-2020s, census data shows.
President Trump has made reform of the H-1B visa pathway one of the key planks of his sweeping immigration agenda since returning to power.
He’s raised minimum salary thresholds to qualify, imposed new fees—including a $100,000 fee on new applications—and directed the program to target only the highest-paid applicants.
The Labor Department has launched “Project Firewall” targeting hundreds of employers accused of gaming the H-1B system.
At a state level, Texas Attorney General Ken Paxton has ordered a feeze on new H-1B petitions and launched his own inquiry into abuses.
“Roughly three-quarters of H-1B workers approved in fiscal year 2023 were born in India, according to Pew Research Center, making Indian nationals the overwhelming face of the program,” The Post explains.
“Denial rates spiked to 24% during Trump’s first term in 2018, collapsed to just 2% under Biden by 2021 and have been climbing again under the second Trump administration.
“States most exposed to the policy shift include New York and New Jersey, California, Washington, Virginia and Texas — all major hubs for H-1B-dependent tech industries.
“In markets like Seattle, where Amazon and Microsoft draw heavily from the visa pipeline, analysts project home prices could cool by 2% to 5% in H-1B-dense neighborhoods as new hiring contracts.”
