Stephenville homes are becoming some of the most appealing real estate in North Texas, and although the small agricultural community has maintained its small-town roots and heritage, it is quickly becoming an expanding city with a strong industrial employment sector. In fact, Stephenville is home to one of the hottest job markets in Texas, and many people are moving to Erath County in search of jobs or because they are employed at one of the major employers in the area.
The latest report issued by CoreLogic showed that home prices in the Dallas area are steadily increasing, and experts believe that prices will continue to gain momentum throughout the rest of 2012. Usually, the housing market nationwide cools down during the fall and winter, but Texas is leading the nation’s housing recovery, and the real estate market is showing no signs as slowing down. CoreLogic reported that home prices in Dallas rose an impressive 4.3% year-over-year in August, and increased .8% from July.
Overall, Texas prices increased by 4.8% year-over-year, which reflects a nationwide trend. According to the research conducted by CoreLogic, the price increase in one year represents the largest year-over-year increase since 2006. The housing market gains are attributed to low interest prices, decreased foreclosure rates, and availability of federal assistance for home buyers who are struggling with underwater mortgages. Only six states in the study showed a decline in home prices, and Stephenville real estate remains among the most desirable in the country from a financial standpoint.
If you would like to learn more about why Stephenville real estate is a great choice for North Texas families, please don’t hesitate to contact us. We’d love to give you an in-person tour of any of the Stephenville homes listed on our site at your convenience!