Who is buying Texas homes?Who is buying Texas homes?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=70042013-06-20T13:56:00Z2013-06-20T11:00:00Z

TEXAS - The Texas Association of Realtors released the Texas Homebuyers and Sellers Report.

Based on the 2012 Profile of Homebuyers and Sellers by the National Association of Realtors, the report showed that Texas homeowners are buying more new homes and finding homes faster, indicating a steadily growing Texas housing market.

Shad Bogany, chairman of the Texas Association of Realtors, commented, “This report affirms the Texas real estate industry as a driving force in our state’s economy. More new homes are being built and homes are selling faster, which bodes well for our thriving Texas housing market and our economy’s future.”

According to the report, 26 percent of all homes purchased in 2012 were new homes. In addition, homebuyers spent only eight weeks looking for a home before making a purchase.

These figures outpaced those nationally, in which only 16 percent were new homes and homebuyers spent an additional month searching for the right home.

The makeup of homebuyers in Texas shifted significantly. Sixty-nine percent of Texas homebuyers in 2012 were married couples compared to 65 percent nationally — the highest share since 2001.

Conversely, single female homebuyers were the lowest share since 2001, making up only 16 percent of Texas homebuyers and 15 percent of homebuyers nationally.

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