{"id":51795,"date":"2017-04-10T14:15:00","date_gmt":"2017-04-10T15:00:00","guid":{"rendered":"http:\/\/hispanicprwire.com\/english-texas-homebuyers-broaden-in-diversity-household-composition-while-affordability-challenges-grow\/"},"modified":"2017-04-10T14:18:05","modified_gmt":"2017-04-10T18:18:05","slug":"aumentan-la-diversidad-entre-los-compradores-de-viviendas-y-la-composicion-de-los-hogares-en-texas-mientras-crecen-los-desafios-de-asequibilidad","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/aumentan-la-diversidad-entre-los-compradores-de-viviendas-y-la-composicion-de-los-hogares-en-texas-mientras-crecen-los-desafios-de-asequibilidad\/","title":{"rendered":"Texas homebuyers broaden in diversity, household composition while affordability challenges grow"},"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\">April 10, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0A new Texas Homebuyers and Sellers Report released today by the Texas Association of Realtors revealed growing diversity in the household composition and ethnicity of <span class=\"xn-location\">Texas<\/span> homeowners as well as rising housing affordability challenges across the state.<\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/488455\/Texas_Association_of_Realtors_Profile_of_Texas_Homes_Purchased_Infographic.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/488455\/Texas_Association_of_Realtors_Profile_of_Texas_Homes_Purchased_Infographic.jpg<\/a> <\/p>\n<p>&#8220;The profile of <span class=\"xn-location\">Texas<\/span> homebuyers is as diverse as <span class=\"xn-location\">Texas<\/span> itself, continually broadening as the demand for <span class=\"xn-location\">Texas<\/span> real estate grows,&#8221; said <span class=\"xn-person\">Vicki Fullerton<\/span>, chairman of the Texas Association of Realtors. &#8220;At the same time, rising home prices, lower household incomes, and tight lending standards are making it increasingly difficult for some Texans to afford a home.&#8221;<\/p>\n<p>The ratio of single <span class=\"xn-location\">Texas<\/span> homebuyers continued to rise from the previous year&#8217;s report, with single female homebuyers increasing 5 percentage points to 19 percent and single male buyers rising 2 percentage points to 9 percent of all <span class=\"xn-location\">Texas<\/span> homebuyers.<\/p>\n<p>The report also showed a broader ethnic diversity among <span class=\"xn-location\">Texas<\/span> homebuyers. Among all <span class=\"xn-location\">Texas<\/span> homebuyers, 14 percent identified as Hispanic, 6 percent identified as African-American and 4 percent identified as Asian. Minorities among first-time homebuyers were most likely to be Hispanic (27 percent), while minorities among repeat buyers were most likely to African-American (27 percent). <\/p>\n<p>Indicating that Texans are buying later and moving earlier in life, the median age of first-time buyers increased three years to 35 years old, while the median age of <span class=\"xn-location\">Texas<\/span> home sellers decreased eight years to 46 years old.<\/p>\n<p>The 2017 report also illustrated growing affordability challenges across the state. The median household income among <span class=\"xn-location\">Texas<\/span> homebuyers declined nearly 3 percent year-over-year to <span class=\"xn-money\">$94,200<\/span>. The median home price paid among <span class=\"xn-location\">Texas<\/span> homebuyers was <span class=\"xn-money\">$215,000<\/span>, significantly higher than the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University&#8217;s<\/span> estimation of <span class=\"xn-money\">$150,000<\/span> as a typical home price for entry-level and first-time homebuyers.<\/p>\n<p>According to the report, debt delayed Texans from saving for or purchasing a home for a median of three years. Forty-four percent of <span class=\"xn-location\">Texas<\/span> homebuyers waited six to 12 months to save for a down payment, compared to only 10 percent of homebuyers in the previous year&#8217;s report. <\/p>\n<p>&#8220;As obstacles to purchasing a home increase, soaring property taxes due to a lack of accountability when tax rates are set at the local level have made it difficult for Texans to continue to afford that home,&#8221; concluded Fullerton. &#8220;The Texas Association of Realtors supports Senate Bill 2 and House Bill 15 to bring honesty and transparency to the property tax rate setting process and facilitate property owner engagement in that process.&#8221;<\/p>\n<p><b>About the Texas Homebuyers and Sellers Report <br \/><\/b>Data from the 2017 edition of the Texas Homebuyers and Sellers Report is derived from the 2016 Profile of Homebuyers and Sellers Texas Report by the National Association of REALTORS\u00ae, which analyzes survey data among Texans who bought or sold a home between <span class=\"xn-chron\">July 2015<\/span> and <span class=\"xn-chron\">June 2016<\/span>. The Texas Association of REALTORS\u00ae distributes insights about the <span class=\"xn-location\">Texas<\/span> housing market throughout the year, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends and more. To view the Texas Homebuyers and Sellers Report in its entirety, visit TexasRealEstate.com.<\/p>\n<p><b>About the Texas Association of <\/b><b>REALTORS<\/b><b>\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 TexasRealEstate.com to learn more. <\/p>\n<p>Contact: <br \/><span class=\"xn-person\">Hunter Dodson<\/span> <br \/>512-448-4950 <br \/><a target=\"_blank\" href=\"mailto:hdodson@piercom.com\" rel=\"nofollow\">hdodson@piercom.com<\/a> <\/p>\n<div id=\"prni_dvprnejpg1233left\" style=\"TEXT-ALIGN: left; WIDTH: 100%\"><img decoding=\"async\" id=\"prnejpg1233left\" title=\"Texas Association of Realtors logo\" border=\"0\" alt=\"Texas Association of Realtors logo\" align=\"middle\" src=\"http:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg\"\/><\/div>\n<p>Logo &#8211; <a target=\"_blank\" href=\"http:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg\" rel=\"nofollow\">http:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg<\/a><\/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\">April 10, 2017<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0A new Texas Homebuyers and Sellers Report released today by the Texas Association of Realtors revealed growing diversity in the household composition and ethnicity of <span class=\"xn-location\">Texas<\/span> homeowners as well as rising housing affordability challenges across the state.<\/p>\n<p>Photo &#8211; &lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":51796,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-51795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/51795","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=51795"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/51795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/51796"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=51795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=51795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=51795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}