Whether or not you feel like it's a good time to buy or sell a house depends a lot on your perception of the housing market. That's why Fannie Mae conducts a monthly survey to gauge Americans' feelings about current conditions, their financial situation, mortgage rates, home prices, etc. After all, if people have a positive view of the market, they're more likely to make a move. And, according to the most recent Home Purchase Sentiment Index, Americans are feeling optimistic right now. Fannie Mae's chief economist, Doug Duncan, says the index remains near its all-time high. “The HPSI hit and remained near an all-time high in 2019, driven by the 16-percentage point year-over-year increase in the share of consumers believing it is a good time to buy,” Duncan said. In December, 59 percent of participants said they think now is a good time to buy a house. Additionally, 65 percent said it's a good time to sell. In other words, a majority of survey participants have a positive view of the market and – with mortgage rates low, prices slowing, and home construction increasing – optimism may grow even stronger as we approach the spring season.
Buyers in Eastern, NC have certainly stayed very active in the housing market. This area has continued to build many new homes, giving something for just about anyone that wants to get into the housing market. There is a strong job market in this area and with rates low and inventory good, homes area selling. To see what is available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/.
