Report by the Texas Association of Realtors

     

    • 2015 Texas Homebuyers and Sellers Report released by the Texas Association of Realtors.
    • Median household income among first-time homebuyers increased 5.8 percent year-over-year to $72,000 for first-time homebuyers in Texas and 2.3 percent to $68,300 for first-time homebuyers nationally.
    • Meanwhile, median household income among repeat buyers decreased, dropping 8.9 percent to $97,500 in Texas and dipping 1 percent nationally to $95,000 year-over-year.
    • Texans are buying newer, larger homes than homebuyers nationwide. The typical three-bedroom, two-bathroom home in Texas was 2,100 sf and built in 2002. Nationally, the typical three-bedroom, two-bathroom home was 1,870 sf and built in 1993.
    • Sixteen percent of homebuyers in Texas purchased a multigenerational home due to children over the age of 18 or aging parents moving into the house. Nationally this was 13 percent.
    • The tenure of owning a home increased one year for both Texas and the nation from July 2013 to June 2014, to nine years in Texas and ten years nationally.

     

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