The housing recovery is continuing to make headlines, and the greater Dallas area is making the biggest strides toward recovery. The Stephenville real estate market has steadied in the wake of the housing crash, and Dallas real estate sales are gaining momentum as well. New job opportunities, a low cost of living and a family-friendly environment all contribute to the turnaround seen in the North Texas housing market.
Low interest rates have also contributed to the number of homes sold in the North Texas area this fall. In September alone, sales of North Texas homes increased by 10%. There are an increasing number of homes on the market as development continues, and housing prices are holding steady. However, experts predict that housing price may trend upward as more people create a higher demand for real estate in the area.
Pre-owned home sales in Dallas continued their upward trend, and increased in value for the 15th month in a row this September. In some cases, investors are scooping up foreclosures in order to use them as rental properties; however, first-time home buyers are enticed to invest in these homes thanks to low interest rates and competition that makes it imperative to act now in order to get the best deals.
Stephenville real estate continues to be a popular choice in Texas, and we’d love to have the chance to show you Stephenville homes. If you’re interested in finding more information on a Stephenville home, please give us a call right away!