5 ways Texas continues to attract homebuyers
03/02/2015 | Author: Editorial Staff
You can add recent increases in household income growth and new-home sales to the list of reasons why Texas continues to attract homebuyers. In fact, demand for Texas homes is surpassing nationwide figures, according to the 2015 Texas Homebuyers and Sellers Report, released today by the Texas Association of REALTORS®.
"Our state's lasting job and economic growth continues to bring higher incomes for Texas families and reaffirms new-home sales and development as a critical component in meeting market demand," says Scott Kesner, chairman of the Texas Association of REALTORS®.
Here are a few highlights from the report:
- Median household income among first-time homebuyers rose to $72,000 in Texas and $68,300 nationally.
- The median household income of Texas homebuyers increased to $97,500, while the same factor was $84,500 nationwide.
- 72% of Texas homebuyers and 65% of U.S. homebuyers were married.
- New homes comprised 28% of Texas home purchases, compared to 16% of homes nationally.
- 16% of homebuyers in Texas purchased homes for multi-generational families. Nationwide, this figure was 13%.
Download the full report for even more insight into the Texas housing market.
No comments have been submitted for this entry.
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.