In the past, purchasing a first home was seen as a status symbol; it was an integral part of the American Dream, and a source of personal pride. In the wake of the housing crisis, however, motivation for first-time buyers has made a significant shift. According to a recent study conducted by Texas Trust Credit Union, most home owners are more interested in purchasing real estate as a smart investment, and are less inclined to consider homes a source of achievement. Stephenville homes have maintained their value, and are increasingly desirable thanks to a strong local economy.
The online survey found that most home owners are interested in buying homes are enticed by low interest rates or appealing deals that might allow them to move into a larger home that costs less money. The market has been flooded with hot deals since many home owners are opting for short sales instead of foreclosures, and some home owners are inclined to take advantage of these deals since they likely won’t last as the local market continues its recovery.
Yet, some home owners may still look at Stephenville real estate as a smart choice because of extenuating factors such as industrial growth in the Stephenville area, or the excellent Stephenville Independent School District. Stephenville boasts a small-town vibe in spite of its proximity to Dallas/Fort Worth, and is a safe, rural community that features a family-friendly atmosphere.
If you would like to find out more about any of the Stephenville homes on our site, please don’t hesitate to give us a call! We’d love to help you explore the Stephenville real estate on the market as you familiarize yourself with our community.