{"id":44689,"date":"2016-03-02T11:46:00","date_gmt":"2016-03-02T15:46:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/texas-housing-demand-development-remains-high-while-household-income-growth-stalls\/"},"modified":"2016-03-02T11:46:00","modified_gmt":"2016-03-02T15:46:00","slug":"texas-housing-demand-development-remains-high-while-household-income-growth-stalls","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/texas-housing-demand-development-remains-high-while-household-income-growth-stalls\/","title":{"rendered":"Texas housing demand, development remains high while household income growth stalls"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">March 2, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; <span class=\"xn-location\">Texas<\/span> housing demand and new home development remained high last year, while median household income for <span class=\"xn-location\">Texas<\/span> homebuyers decreased slightly, according to the Texas Homebuyers and Sellers Report released yesterday by the Texas Association of Realtors.<\/p>\n<p><span class=\"xn-person\">Leslie Rouda Smith<\/span>, chairman of the Texas Association of Realtors, commented, &#8220;<span class=\"xn-location\">Texas<\/span> home prices have risen steadily for the last several years, but household incomes for many <span class=\"xn-location\">Texas<\/span> homebuyers are not growing fast enough to compensate. Texas Realtors are working with their clients to identify affordable paths to responsible homeownership and working collectively at the Legislature to keep homeownership affordable in our state.&#8221;<\/p>\n<p>From <span class=\"xn-chron\">July 2014<\/span> to <span class=\"xn-chron\">June 2015<\/span>, the median household income of <span class=\"xn-location\">Texas<\/span> homebuyers fell 0.4 percent year-over-year to <span class=\"xn-money\">$97,100<\/span>. <\/p>\n<p><span class=\"xn-location\">New-home<\/span> sales continued to grow during the same time frame. Thirty percent of <span class=\"xn-location\">Texas<\/span> homes purchased were new homes, a two percent increase.<\/p>\n<p>&#8220;Strong population growth and relocation activity combined with low housing inventory levels continue to generate strong demand for new home development. In many markets, new homes are selling as quickly as they can be built,&#8221; Smith added.<\/p>\n<p>According to the report, the median age of first-time homebuyers decreased one year to 31 years old, while the median age of repeat buyers increased three years to 53. The median age for all <span class=\"xn-location\">Texas<\/span> homebuyers was 45.<\/p>\n<p>Smith concluded, &#8220;Housing market conditions are becoming increasingly competitive across the state, especially for first-time homebuyers. Texas Realtors are trusted advisors who can help homebuyers and sellers navigate tough market conditions and provide an in-depth knowledge of their local market.&#8221;<\/p>\n<p>Other key statistics from the report include:<\/p>\n<ul type=\"disc\">\n<li>The percentage of married homebuyers in <span class=\"xn-location\">Texas<\/span> decreased two percent to 70 percent. <\/li>\n<li>Fourteen percent of <span class=\"xn-location\">Texas<\/span> homebuyers were single women, while only seven percent were single men. <\/li>\n<li>Homes in <span class=\"xn-location\">Texas<\/span> are typically larger and newer than homes sold nationwide. The median size of a home purchased in <span class=\"xn-location\">Texas<\/span> was 2,060 square feet, compared to 1,900 square feet nationally. The median year homes in <span class=\"xn-location\">Texas<\/span> purchased between <span class=\"xn-chron\">July 2014<\/span> and <span class=\"xn-chron\">June 2015<\/span> were built was 2003, compared to 1991 nationally. <\/li>\n<li>Fifteen percent of homebuyers in <span class=\"xn-location\">Texas<\/span> purchased a home for a multi-generational family, meaning that children over 18 or aging parents would also be living in the house. Nationally, this was 18 percent. <\/li>\n<li>The tenure of owning a home in <span class=\"xn-location\">Texas<\/span> decreased one year to eight years. <\/li>\n<\/ul>\n<p><b>About the Texas Homebuyers and Sellers Report<br \/><\/b>The Texas Homebuyers and Sellers Report is based on survey data from the Profile of Homebuyers and Sellers by the National Association of REALTORS\u00ae. The Texas Association of REALTORS\u00ae distributes insights about the <span class=\"xn-location\">Texas<\/span> housing market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more. <\/p>\n<p><b>About the Texas Association of REALTORS\u00ae<br \/><\/b>With more than 100,000 members, the Texas Association of REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. We advocate on behalf of Texas REALTORS\u00ae and private-property owners to keep homeownership affordable, protect private-property rights, and promote public policies that benefit homeowners. Visit <a href=\"http:\/\/www.texasrealestate.com\/\" target=\"_blank\" rel=\"nofollow\">TexasRealEstate.com<\/a> to learn more.<\/p>\n<p><b>CONTACT<\/b>:\u00a0Danielle Urban<br \/>Pierpont Communications<br \/>+1-512-448-4950<br \/><a href=\"mailto:durban@piercom.com\" target=\"_blank\" rel=\"nofollow\">durban@piercom.com<\/a>\u00a0\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">March 2, 2016<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; <span class=\"xn-location\">Texas<\/span> housing demand and new home development remained high last year, while median household income for <span class=\"xn-location\">Texas<\/span> homebuyers decreased slightly, according to the Texas Homebuyers and Sellers Report released yesterday by the Texas Association of Realtors.<\/p>\n<p><span class=\"xn-person\">Leslie Rouda Smith<\/span>, chairman of the Texas Association of Realtors, commented, &#8220;&lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-44689","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/44689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=44689"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/44689\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=44689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=44689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=44689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}