5 reasons 2014 was a great year for Texas real estate
12/02/2014 | Author: Editorial Staff
Homebuyers came from other states and other countries by the thousands to own a piece of Texas this year, according to the 2014 Texas Annual Housing Report released today.
“It’s a great time to live in Texas,” says Texas Association of REALTORS® Chairman Dan Hatfield. “The high demand for Texas real estate is not being fueled by speculation and investment activity—it’s driven by the thousands of people of move to the Lone Star State daily. People are moving to Texas from across America and around the world to take part in our state’s booming economy, business-friendly environment, and quality of life.”
Here are a few examples of what drove Texas real estate this year:
- Texas gained more out-of-state residents than any other state.
- Low inventory made condo and townhome sales the fastest-growing housing type.
- Luxury home sales were one of the fastest-growing price classes ($1 million or more).
- Home purchases by international buyers reached the highest level in five years.
- Demand for housing remains at an all-time high, while inventory remains low.
Download the full report issued by the Texas Association of REALTORS® to read more.
Leave a Comment
The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.
While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.