The value of Stephenville real estate is holding strong and poised to gain even more momentum as the market in North Texas continues its upward trend. One of the main indicators of a strong real estate market is the number of foreclosures, and rates have fallen in the greater North Texas area this summer.
According to the latest report issued by CoreLogic, the foreclosure rates in July for the Dallas-Plano-Irving metro area declined by 11% over the same period last year, making the Dallas foreclosure rate among the lowest nationwide. Stephenville real estate is becoming a popular choice because it is likely to maintain its value as a smart investment, something an increasing amount of home owners are considering when they are contemplating the purchase of their first home.
The study also reported that the mortgage delinquency rate in North Texas is down, and that prices are holding steady. Stephenville homes are conveniently located near major transportation that allows easy access to the Dallas/Fort Worth area, and the low cost of living afforded by the CIty of Stephenville makes it an attractive choice to first-time buyers. The national foreclosure rate is over 3%, and home owners in the Dallas area are much less likely to face dealing with a distressed property than home owners across the country.
If you would like to find out more about why Stephenville homes are a smart financial choice, please don’t hesitate to contact us! We’d love to help you find the best Stephenville real estate to meet your needs.