AUSTIN, Texas, Dec. 1, 2016 /PRNewswire-USNewswire/ -- The demand for Texas real estate grew in 2016 with robust sales activity among several types of property, according to the Texas Annual Housing Report released today by the Texas Association of Realtors.
" Texas is a national leader in real estate growth, housing demand and development, which attracts homebuyers from across the country and around the globe," said Leslie Rouda Smith, chairman of the Texas Association of Realtors. " Texas' diverse economy, rapid population growth, and high quality of life continue to fuel home sales activity across the state." Texas real estate demand increased among first-time homebuyers, single women and international homebuyers over the last year. The Texas Homebuyers and Sellers Report showed that 30 percent of homebuyers in Texas were first time homebuyers and that single women were twice as likely to purchase a home than single men. According to the Texas International Homebuyers Report, Texas real estate is increasingly in demand among international homebuyers from Asia. International homebuyers from India purchased more homes in Texas than any other state, with one in five homes purchased by Indian homebuyers in Texas.