I thought you might find the following information interesting.
Finding the right property was deemed to be the most difficult step in the home-buying process for both first-time and repeat buyers. Below is some breakdown:
“Finding the right property was the most difficult step for 47 % of first-time homebuyers and 48% of repeat buyers in Texas.”
“Nationally, 54 percent of first-time homebuyers and 52% of repeat buyers said that this was the most difficult step in the homebuying process.”
Between July 2013 and June 2014, the primary reason people sold their home was because of job relocation whether they were a first-time or repeat seller. Below are the Texas statistics:
21% Job relocation
16% House too small
13% Less desirable neighborhoods
Compared to the national statistics, the average home seller in Texas was 49 years. Nationally, the average was 54 years. Below are some other interesting stats:
“Median household income for Texas home sellers was $120,800 between July 2013 and June 2014, while nationally median income for home sellers was $96,700.”
“Married couples in Texas made up the majority of home sellers at 77 percent. Nationally, married home sellers made up 74 percent.”
“The median tenure for homeowners in both Texas and nationally increased one year from the previous time period. In Texas, the median tenure is nine years. Nationally, it was 10 years.”
And last but not least—
Of Texas homebuyers, 89% would recommend their Realtor® to a friend.
The above information is from 2014 Profile of Homebuyers and Sellers – Texas Report by the National Association of REALTORS® available on TexasRealEstate.com.