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Real Estate Blog & Resources

Where Empty-Nesters Are Moving and What They're Looking For

In Texas, it's hard to believe things are that are bigger are not better. After their children have left the nest, however, empty-nesters often realize their house may be larger than they need and might seek a new home. Before taking the opportunity to move to new homes, home buyers should consider the location for the next big move in Texas and whether it will fit their desired lifestyle. 

Where Former City Residents and Suburbanites in Texas Might Be Headed Next

With its high-impact economic growth and plenty of space to spread out, Texas has become a prime destination for people looking to move. Whether consumers are moving for a job or looking to settle down with their family, deciding between urban/suburban and rural spaces is a hot issue and a major factor in where new or long-time Texans choose to live. As home prices in cities rise, former city residents and suburbanites will head to rural areas that provide plenty of amenities for new homes in master planned communities.

Texas areas attracting new residents
​CNNMoney noted five Texas cities were ranked in the top 20 of all big metro areas in the U.S. for movers: Austin, Houston, San Antonio, Dallas and Fort Worth. These cities benefit from growth in both population and employment rates, which could increase demand for housing in these metro areas. Between 1990 and 2005, the state's population jumped 35 percent. The surge in population growth could result in higher purchase prices for new homes because of greater demand.

Master planned communities located outside metro areas like Austin offer amenities that appeal to all residents.

Builder Confidence Solid as Pent-up Demand for New Homes Grows

Although reports show national homebuilder confidence was down due to harsh weather in major U.S. regions, Texas is still a hot spot for new residential construction and development.

Builder outlook in the market for single-family homes dropped two points for February to a reading of 55, according to the National Association of Home Builders. The NAHB/Wells Fargo Housing Market Index, a measure of overall builder sentiment, shows builder confidence is still solid, said NAHB Chairman Tom Woods. An index reading above 50 indicates builders believe there are favorable conditions for the market for new homes in the single-family housing market.

Texas Real Estate Trend in 2014: Bigger, New Homes More in Demand

Texas homebuyers were more likely to buy new homes compared to the rest of the nation in 2014, showing strong demand for residential construction that could trend into 2015, according to the Texas Association of Realtors. 

The 2015 Texas Homebuyers and Sellers Report found 28 percent of homes purchased in the state during the 12-month period ending in July 2014 were new homes. Despite the slight drop in the percentage of new home purchases in Texas, the state still sold almost double the amount of new homes compared to all U.S. home sales in the same period.