Associated tags: Real estate, Texas Real Estate Commission, Housing
Locations: FLORIDA, CALIFORNIA, OKLAHOMA, LOUISIANA, UNITED STATES, COLORADO, HOUSTON, ILLINOIS, MEXICO, TEXAS, LONE STAR, SELLERS
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Wednesday, April 24, 2024
AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- The number of Texas homes sold in the first quarter of 2024 was nearly identical to the total in the first quarter a year ago, according to the Texas Quarterly Housing Report released today by Texas Realtors. The supply of homes on the market increased, while the statewide median price of $330,950 was 1.6% higher than in 2023.
Key Points:
- AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- The number of Texas homes sold in the first quarter of 2024 was nearly identical to the total in the first quarter a year ago, according to the Texas Quarterly Housing Report released today by Texas Realtors.
- The supply of homes on the market increased, while the statewide median price of $330,950 was 1.6% higher than in 2023.
- "Market conditions vary by location, and about forty percent of Texas metro areas actually saw an increase in sales compared to the first quarter last year," said Jef Conn, chairman of Texas Realtors.
- Active listings increased 33.7% at the end of the first quarter compared to the end of the first quarter in 2023.
AUSTIN, Texas, April 16, 2024 /PRNewswire/ -- Approximately 102,000 Californians moved to Texas in 2022, more than any other state-to-state relocation total in the U.S., according to data from the U.S. Census recently analyzed by Texas Realtors in its 2024 Relocation Report. More than 41,000 Floridians moved to the Lone Star State, while 30,000 New Yorkers made the jump. Illinois, Louisiana, Colorado, and Oklahoma came next, each with roughly 25,000 residents moving to Texas.
Key Points:
- More than 41,000 Floridians moved to the Lone Star State, while 30,000 New Yorkers made the jump.
- Illinois, Louisiana, Colorado, and Oklahoma came next, each with roughly 25,000 residents moving to Texas.
- Not only was California the leading source of new Texans, but it was the top target for outbound Texans as well.
- "There are a number of reasons Texas continues to draw people from other states," said Jef Conn, Chairman of Texas Realtors.
AUSTIN, Texas, April 5, 2024 /PRNewswire/ -- While mortgage rates and home prices have risen over the last several years, the vast majority of Texas homebuyers and sellers show continued confidence in the homebuying and selling process as well as a high level of satisfaction with the real estate agents who assist them. The 2024 Texas Homebuyers and Sellers Report from Texas Realtors also shows homebuyers consider their home purchase to be a good long-term investment.
Key Points:
- AUSTIN, Texas, April 5, 2024 /PRNewswire/ -- While mortgage rates and home prices have risen over the last several years, the vast majority of Texas homebuyers and sellers show continued confidence in the homebuying and selling process as well as a high level of satisfaction with the real estate agents who assist them.
- The 2024 Texas Homebuyers and Sellers Report from Texas Realtors also shows homebuyers consider their home purchase to be a good long-term investment.
- 91% of buyers and sellers were very or somewhat satisfied with the process of buying or selling their home.
- "As Realtors, we have direct interactions with our clients and understand how much it means for them to buy or sell a home, invest in real estate, do a commercial transaction—whatever our real estate specialty may be," said Jef Conn, Chairman of Texas Realtors.
AUSTIN, Texas, March 12, 2024 /PRNewswire/ -- While Texas home sales declined nearly 11% in 2023, median prices showed only modest movement up or down in most markets, according to the 2023 Texas Real Estate Year in Review report released today by Texas Realtors.
Key Points:
- AUSTIN, Texas, March 12, 2024 /PRNewswire/ -- While Texas home sales declined nearly 11% in 2023, median prices showed only modest movement up or down in most markets, according to the 2023 Texas Real Estate Year in Review report released today by Texas Realtors.
- Higher mortgage rates kept some buyers out of the market in 2023, leading to the lowest total sales (327,921) since 2016.
- The statewide median price of $335,100 moved down 1.4% compared to the previous year, but more metros saw median price increases than decreases.
- "Sales have picked up early this year, and this spring is shaping up to be an active market."
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Thursday, February 22, 2024
Shopping,
Real estate agent,
National Association,
Houston Lighting & Power,
Decker Prairie, Texas,
Wells Fargo,
University,
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Real estate AUSTIN, Texas, Feb. 22, 2024 /PRNewswire/ -- Mario Arriaga of the Houston Association of Realtors was named the 2023 Texas Realtor of the Year at the Texas Realtors Winter Meeting. Arriaga started his real estate career in 1974 and has made invaluable contributions to the Realtor association, the real estate industry, and the greater Houston community.
Key Points:
- AUSTIN, Texas, Feb. 22, 2024 /PRNewswire/ -- Mario Arriaga of the Houston Association of Realtors was named the 2023 Texas Realtor of the Year at the Texas Realtors Winter Meeting.
- "Texas Realtor of the Year is awarded to an individual who embodies unwavering dedication to our industry and the public," said Jef Conn, chairman of Texas Realtors.
- Among Arriaga's contributions at Texas Realtors include him leading the Public Policy Oversight Committee, receiving the Texas Realtors Strike Force Award for Grassroots Advocacy twice, serving as a TREPAC trustee, and being a champion for the association's Data Relevancy Project.
- Rick Perry as an advisory board member for the Texas Real Estate Research Center at Texas A&M.
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Monday, February 19, 2024
AUSTIN, Texas, Feb. 19, 2024 /PRNewswire/ -- Texas Realtors celebrated exceptional members and local Realtors associations at this year's annual Texas Realtors Winter Meeting February 12 in Austin. The Texas Realtors Awards spotlight individuals and organizations that have demonstrated remarkable dedication to, excellence in and positive impact on the real estate industry.
Key Points:
- AUSTIN, Texas, Feb. 19, 2024 /PRNewswire/ -- Texas Realtors celebrated exceptional members and local Realtors associations at this year's annual Texas Realtors Winter Meeting February 12 in Austin.
- The Texas Realtors Awards spotlight individuals and organizations that have demonstrated remarkable dedication to, excellence in and positive impact on the real estate industry.
- "The Texas Realtors Awards highlight the exemplary contributions made by professionals and associations to our industry," said Jef Conn, 2024 chairman of Texas Realtors.
- "This year's winners have set a remarkable standard, showcasing their commitment to advancing the real estate landscape and enriching our communities."
AUSTIN, Texas, Dec. 1, 2023 /PRNewswire/ -- Texas Realtors is pleased to announce that Jef Conn, of Coldwell Banker Commercial in Lubbock, has been named the 2024 Chairman of the Board. Conn will lead the more than 150,000-member organization alongside Chairman-Elect Christy Gessler, Secretary/Treasurer Jennifer Wauhob, President and CEO Travis Kessler, and Immediate Past Chairman Marcus Phipps.
Key Points:
- AUSTIN, Texas, Dec. 1, 2023 /PRNewswire/ -- Texas Realtors is pleased to announce that Jef Conn, of Coldwell Banker Commercial in Lubbock, has been named the 2024 Chairman of the Board.
- Conn will lead the more than 150,000-member organization alongside Chairman-Elect Christy Gessler, Secretary/Treasurer Jennifer Wauhob, President and CEO Travis Kessler, and Immediate Past Chairman Marcus Phipps.
- A recognized Realtor since 2007, Conn has served his community and fellow Realtors dutifully, holding leadership positions on committees at the local, state and national levels.
- A specialist in all aspects of office, industrial and investment properties, Conn also received the Texas Realtors William C. Jennings Commercial Transaction of the Year Award in 2016.
AUSTIN, Texas, Oct. 20, 2023 /PRNewswire/ -- Though the overall median price of homes sold in Texas in the third quarter of 2023 decreased 1.5% compared to the same period one year ago, more Texas metro areas saw median price increases than decreases, according to the 2023-Q3 Quarterly Housing Report released today by Texas Realtors. In Q3 2023, active listings, days homes spent on the market, and months of inventory all saw increases from the same period in 2022.
Key Points:
- However, these trends vary by metro and even by neighborhood, so it's smart to discuss market conditions in your area with your Realtor."
- Texas homes spent an average of 48 days on the market in Q3 2023, 17 days longer than in the same quarter last year.
- A balanced market is estimated at 6 to 6.5 months of inventory, according to the Texas Real Estate Research Center.
- "The real estate market can change in subtle or significant ways over short periods of time," said Chairman Phipps.
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Wednesday, September 6, 2023
AUSTIN, Texas, Sept. 6, 2023 /PRNewswire/ -- A recent report released by Texas REALTORS® revealed that international homebuyers spent $4.3 billion on nearly 10,000 home purchases in Texas from April 2022 to March 2023. This activity represents 2.8% of the total number of homes sold and 3.6% of total dollar volume of residential sales.
Key Points:
- AUSTIN, Texas, Sept. 6, 2023 /PRNewswire/ -- A recent report released by Texas REALTORS® revealed that international homebuyers spent $4.3 billion on nearly 10,000 home purchases in Texas from April 2022 to March 2023.
- While the median home price for international buyers, at $320,800, is lower than the overall Texas median of $342,000, the average purchase price for international buyers was $446,100.
- "Texas has long been one of the most popular states for international buyers," said Marcus Phipps, 2023 Chairman of the Texas Realtors.
- The other top countries were China (8%), India (7%), Nigeria (5%) and Venezuela (5%), showing a diverse international interest in the Texas real estate market.
Retrieved on:
Wednesday, August 2, 2023
AUSTIN, Texas, Aug. 2, 2023 /PRNewswire/ -- Recent analysis of migration data from the U.S. Census reveals Texas as a popular destination for people moving from other U.S. states. In 2021, Texas experienced an influx of an estimated 591,400 people from other states, with the most new residents arriving from California, Florida and Colorado.
Key Points:
- In 2021, Texas experienced an influx of an estimated 591,400 people from other states, with the most new residents arriving from California, Florida and Colorado.
- Texas was a top choice for Californians in 2021 with an estimated inflow of more than 107,500 people, the most from any U.S. state.
- "These migration trends highlight Texas as a popular destination for those seeking new horizons," said Marcus Phipps, Chairman of Texas Realtors.
- "The state's strong economy, business-friendly environment, and quality of life continue to attract people from across the United States and beyond.
