{"id":2269,"date":"2021-05-01T07:11:24","date_gmt":"2021-05-01T07:11:24","guid":{"rendered":"https:\/\/africanamericanvoice.net\/?p=2269"},"modified":"2021-10-23T07:12:45","modified_gmt":"2021-10-23T07:12:45","slug":"texas-homebuyers-are-more-diverse-earn-higher-incomes-compared-to-national-average","status":"publish","type":"post","link":"https:\/\/africanamericanvoice.net\/?p=2269","title":{"rendered":"Texas homebuyers are more diverse, earn higher incomes compared to national average"},"content":{"rendered":"

AUSTIN, Texas<\/span>,\u00a0April 30, 2021<\/span>\u00a0\/PRNewswire\/ —\u00a0Texas<\/span>\u00a0homebuyers are more diverse, while also earning higher incomes compared to national homebuyers, according to the 2021\u00a0Texas Homebuyers and Sellers Report<\/i>\u00a0released by Texas Realtors. The annual report provides in-depth insights into the demographics, motivations and opinions of\u00a0Texas<\/span>\u00a0homebuyers and sellers who had a real estate transaction between\u00a0July 2019<\/span>\u00a0and\u00a0June 2020<\/span>. The report also outlines information related to\u00a0Texas<\/span>\u00a0real estate consumers’ income, ethnicity, age and perceptions of the homebuying and selling process.<\/p>\n

“The increase in household income is encouraging as well as the broader base of diversity in homebuyers,”\u00a0said\u00a0Marvin Jolly<\/span>, 2021 Chairman of Texas Realtors. “Even with higher income levels, buyers are experiencing one of the most challenging markets in history right now, as the supply of homes for sale in most areas of\u00a0Texas<\/span>\u00a0is extremely low.”<\/p>\n

According to the report, the percentage of homebuyers who identified as Hispanic\/Latino was 18%, up from 14% the previous year; 7% identified as Black\/African-American, up from 5%; and 6% identified as Asian\/Pacific Islander, up from 4%. White\/Caucasian homebuyers fell from 78% to 69% between the two reporting periods.<\/p>\n

The majority of\u00a0Texas<\/span>\u00a0homebuyers (68%) were married couples, followed by single females (15%), single males (9%) and unmarried couples (6%). The median age of\u00a0Texas<\/span>\u00a0homebuyers was 48, four years less than the previous year. The median household income for\u00a0Texas<\/span>\u00a0homebuyers was\u00a0$112,500<\/span>,\u00a0$16,000<\/span>\u00a0more than the national median. Of all\u00a0Texas<\/span>\u00a0homebuyers, 31% were first-time homebuyers, unchanged from last year.<\/p>\n

Jolly continued,\u00a0“Although median household incomes continue to rise, median home prices have risen aggressively. As the voice of\u00a0Texas<\/span>\u00a0real estate, it is a priority for Texas Realtors to continue to speak with our state’s leaders and work to ensure that homeownership remains attainable, particularly for first-time homebuyers.”<\/p>\n

For Texans who sold their homes, the most popular reason for putting a home on the market was to move closer to friends or family, followed by job relocations and a desire for a larger home. Sellers spent a median of nine years in their homes. The median sales price was\u00a0$70,000<\/span>\u00a0more than what sellers paid for their homes, and the median length the home spent on the market was four weeks.<\/p>\n

About the Texas Homebuyers and Sellers Report
<\/b>Data from the 2021 edition of the\u00a0Texas Homebuyers and Sellers Report<\/i>\u00a0is derived from the\u00a02020 Texas Profile of Homebuyers and Sellers<\/i>\u00a0by NAR, which analyzes survey data among Texans who bought or sold a home between\u00a0July 2019<\/span>\u00a0and\u00a0June 2020<\/span>. Texas REALTORS\u00ae distributes insights about the\u00a0Texas<\/span>\u00a0housing market throughout the year, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends and more. To view the\u00a0Texas Homebuyers and Sellers Report<\/i>\u00a0in its entirety, visit texasrealestate.com.<\/p>\n

About Texas REALTORS\u00ae
<\/b>With more than 140,000 members, Texas REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in\u00a0Texas<\/span>. We are the advocates for REALTORS\u00ae and private property rights in\u00a0Texas<\/span>. Visit\u00a0texasrealestate.com<\/a>\u00a0to learn more.<\/p>\n

Morgan Moritz<\/span>
mmoritz@piercom.com<\/a><\/p>\n

SOURCE Texas Realtors<\/p>\n

Sourced from: PR NewsWire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

AUSTIN, Texas,\u00a0April 30, 2021\u00a0\/PRNewswire\/ —\u00a0Texas\u00a0homebuyers are more diverse, while also earning higher incomes compared to national homebuyers, according<\/p>\n","protected":false},"author":4,"featured_media":2270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t