U.S. remains most stable real estate market for investors
A recent survey by the Association of Foreign Investors in Real Estate showed that 58% of respondents ranked the U.S. the most stable country for real estate investment, followed by Germany at 20%. And of those surveyed, 86% said they plan to maintain or increase their investment in U.S. real estate in 2018.
The strong economy, transparent capital markets, and the country’s reputation for innovation were cited when ranking the U.S. number one for planned real estate investment in 2018. The U.S. also was ranked as the number-one country for providing the best opportunity for capital appreciation.
Texas cities attract Millennials and Gen Xers
Houston, Dallas, and Austin were among the top 10 hottest U.S. markets for Millennials, with Houston ranking third, Dallas fourth, and Austin 10th. For Generation X, Houston took the first spot and Dallas was third, while Austin, Odessa, and San Antonio came in sixth, seventh, and eighth. Austin was the sole Texas market to make the list of hottest markets for Baby Boomers, coming in sixth. (Source: Realtor.com)
REALTORS® take vacations?
16% of Texas REALTORS® own at least one vacation home, according to the 2017 Profile of Texas REALTORS®. Of those vacation-home-owning members, one in five owns two properties for their holiday escapes.
The Hispanic homeownership rate increased for the third year in a row in 2017. Texas has the second-highest number of Hispanic residents in the country at 10.9 million, behind California with 15.3 million. Most Hispanics (81%) believe homeownership is a good long-term investment, and 88% believe they will more likely be homeowners than renters in the future. (Source: 2017 State of Hispanic Homeownership Report, NAHREP and the Hispanic Wealth Project)