The numbers are coming in and it can now be safely said that the Belton and Temple real estate market is on its way to recovery. While our region and Texas as a whole has been faring much better than many other areas throughout the country these past few years, it’s still good to know that we can now breathe a little easier and look forward to better times ahead.
2012 was a very good year for Texas, with the biggest price and sales volume increases occurring in the fourth quarter. Single-family home sales in this period increased by 19.82% compared to the fourth quarter of 2011. This has carried over into 2013, where we’re projected to see even more increases.
All in all, things are definitely looking up, especially here in the Killeen-Temple-Fort Hood metropolitan area. The number of Temple and Belton foreclosures has been dropping, for one thing, and home sales have been rising steadily. According to RealtyTrac, as of February 2013, the number of foreclosure filings in Bell County was lower by 30% than that of February 2012.
In general, housing markets across the country have been showing signs of recovery, but few in as definite a way as the Central Texas area. This is largely due to the fact that our region has an ideal central location and a strong and diversified economy. Apart from Fort Hood, among the largest employers here are Scott & White Hospital & Clinics and the Central Texas Veteran’s Health Care System. What’s more, the metro area is projected to have a population growth of almost 30% over the next two decades.
Want more Belton and Temple, Texas real estate market updates? Wondering if it’s time to make your move? Please browse through the site and get in touch with me, Mary Jane Roach anytime.