The Dallas/Fort Worth area is making news for being one of the leaders in recovery from the housing crisis, and a recent report from Clear Capital revealed that the Dallas area home prices are poised to rise by an additional 1% over the course of the next six months. Investors are adding to the demand for Stephenville real estate on the outskirts of the Dallas metro area, and properties are spending less time on the market.
However, experts warn that celebrating a full recovery may be premature. While many first-time homebuyers are compelled to invest in property because of record-low interest rates, many more people are being turned away by lending companies due to new guidelines set in place.
Nationwide unemployment continues to hover at 8%, and financial experts contend that the housing market cannot make a full recovery until the employment outlook improves. Lending companies are less likely to finance people who claim that they’r self-employed, and job creation is playing an increasingly important role in the stability of local real estate markets. However, job growth in communities surrounding Stephenville homes is going strong, and corporate expansion is adding new jobs to the Dallas economy.
Please give us a call if you’d like more information about Stephenville real estate! We’d love to help you navigate the Stephenville housing market on your journey toward finding the Stephenville home of your dreams!