What types of homes did Texans purchase in 2018?

Dated: 02/04/2019

Views: 60

All types of properties were sold last year, but what were Texans purchasing?  Have other real estate-related questions or have a question about your home?

Michelle Foreman

Fourth Generation Realtor, Texas Urban Living

C: 214-394-2487

michelleforemanrealtor@gmail.com

www.michelleforemanrealtor.com

Twenty-nine percent of homebuyers in Texas purchased newly built homes last year, according to the Texas overlay of the 2018 Profile of Homebuyers and Sellers.

Of those buyers, 41% wanted to avoid renovations or problems with plumbing or electricity. Among Texas homebuyers who purchased previously owned homes, 35% were looking for a better overall value.

Detached, single-family homes remain popular for homebuyers, with 89% of Texas homebuyers selecting them to purchase.

Thirteen percent of Texas homebuyers who purchased property in 2018 selected one that could house multiple generations. These buyers were motivated by cost savings, taking care of aging parents, and because of children over the age of 18 moving back home.

Get more insights about Texas homebuyers and sellers in the new report, or find other research of Texas real estate at texasrealestate.com/research.

Info taken from https://www.texasrealestate.com/members/posts/the-types-of-homes-texans-purchased-in-2018/

Blog author image

Michelle Foreman

Michelle Foreman isn't one to focus solely on getting the job done but instead on getting the job done RIGHT. Michelle, a Fourth Generation Realtor, is certified as both a Senior Real Estate Speciali....

Latest Blog Posts

Projects in Uptown Dallas

https://www.dallasnews.com/business/real-estate/2019/08/16/going-uptownMichelle ForemanFourth Generation Realtor, Texas Urban LivingC: 214-394-2487michelleforemanrealtor@gmail.comwww

Read More

Co-Ownership of Property in Texas

Co-Owners Who Are MarriedA surviving spouse does not necessarily inherit the entire interest in the home when the other spouse passes away. First, it is necessary to determine if the deceased spouse

Read More

Dallas is the new millennial hub

https://www.nbcdfw.com/news/business/Dallas-Outranks-All-in-Attracting-Young-Professionals-512992421.htmlMichelle ForemanFourth Generation Realtor, Texas Urban LivingC: 214-394

Read More

DF-W a top area for home price gains

https://www.dallasnews.com/business/real-estate/2019/07/18/texas-citiesamong-tops-country-home-price-gainsMichelle ForemanFourth Generation Realtor, Texas Urban LivingC: 214-394

Read More