Home buyers and sellers can have very different views when it comes to housing market conditions. Rising prices, for example, are bad news for buyers but good news for anyone thinking about putting their home up for sale. In other words, your perception of the current market will be determined by your position in it. One thing everyone can agree on, though, is volatility. No one wants to be active in the market when it's unpredictable. That's why Freddie Mac's most recent forecast is encouraging. Because, not only are they calling for a steady market in 2020, they also predict that conditions will remain stable through 2021. Sam Khater, Freddie Mac's chief economist, says housing will remain solid despite potential economic ups-and-downs. “The economy has seen increased volatility in November as hopes for a favorable resolution to the trade dispute have recently waned,” Khater said. “However, given low interest rates, modest inflation, and a solid labor market, the U.S. housing market continues to stand firm, and, our forecast is for the housing market to maintain momentum over the next two years.”
This is what is being seen in Eastern, NC, also. This area has been able to continue to build many new homes in all sizes and price ranges, and with the low rates and a steady, strong job market, it has made it possible for so many people to be able to get into the housing market that might not otherwise been able to. To see some of the homes available in this area go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/. More here.