Nearly all first-time buyers say technology will play a role in researching (98%), getting a mortgage (94%), and negotiating and buying a home (92%), according to the 2018 Bank of America Homebuyer Insight Report. The report also shows:

  • 52% of respondents would or have already applied for a mortgage via a mobile device or online
  • Of those who would not apply for a mortgage digitally, 62% would rather work with a person, and 41% have privacy concerns
  • First-time buyers in Austin and Dallas-Fort Worth are more likely (60% and 51%, respectively) to share their home purchase on social media than nationally (43%)

Texas homebuyers say these are “very useful” features on websites where they search for properties (respondents could select more than one choice):

  • Property photos 88%
  • Detailed property info 82%
  • Floor plans 55%
  • Virtual tours 49%
  • Neighborhood info 46%

51% of Texas REALTORS® who specialize in property management manage at least 100 properties.

23% of Texas REALTORS® own at least one commercial investment property.

Sources: 2017 Profile of Texas Homebuyers and Sellers; 2017 Profile of Texas REALTORS®