It’s been long known that Texas is a great place to raise a family and partake in the concept of community, but the results of a new report reveal that the Lone Star State is one of the best when it comes to housing markets for family health, wealth and wellness.
RealtyTrac joined forces with the Local Market Monitor, a leading real estate forecast company, to release the report that found the top housing markets for good health and contributing to wealth gained from real estate expansion are Texas, the Dakotas, California, Utah, North Carolina, Montana, Tennessee, Iowa, Arkansas and Wyoming.
“While families have many good options across the country in terms of places where healthy living is evident and the prospect of appreciating home prices is solid, there are some markets that clearly stand head and shoulders above the rest,” said Daren Blomquist, vice president at RealtyTrac. “The markets considered for the Health and Wealth list all have strong appreciation potential. Some are healthier than others. This report not only features those top markets for appreciation but also highlights important health- and wealth-related factors for families to research in any market before they make the decision to buy a home.”
Over the past year, the housing market was helped along substantially by outside investors buying up foreclosed properties and turning them for a profit. However, now that the housing market has regained its footing, investor influence has subsided and burgeoning markets are succeeding from traditional home buying and selling activity, influenced by high affordability conditions related to financing.
In North Texas, including areas like Stephenville and elsewhere in Erath County, home sales are up and so are prices, which signals a seller’s market where more individuals are looking to buy than homes are available, leading to a surge in competition and subsequent bidding wars, much to the delight of area sellers.
Contact me today to learn more about Stephenville homes for sale and to find out why the North Texas housing market is on the rise.