From all accounts, there are a lot of Americans interested in buying a home this year. Whether it's because of sustained job market improvement or mortgage rates that remain low compared to where they've been historically, home buyers are ready to buy. However, in many markets, there are too few homes available for sale to accommodate the level of buyer interest. Because of this, home sales numbers may start to reflect the imbalance. For example, the National Association of Realtors' most recent Pending Home Sales Index shows the number of contracts to buy homes last month was down 0.8 percent from the month before, marking the third consecutive decline. Lawrence Yun, NAR's chief economist, says supply is the issue. “Buyer interest is solid, but there is just not enough supply to satisfy demand,” Yun said. “Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.” So what does that mean for buyers this summer? Simply put, home buyers should expect to find competition for available homes. That means, buyers need to be pre-approved, prepared to make a strong offer, and ready to move quickly when they find a home that matches their needs and goals. In the area of Eastern, NC, particularly, New Bern, Havelock and Emerald Isle, the job market has remained strong and new homes are being built in many sizes, styles and price ranges. This area is a military area as well as a retirement area so there is a good inventory to choose from with features and needs that most families are looking for. To see some of the homes available in these areas go to: http://www.firstcarolina.com/listings/ or join us on our social media at: https://www.facebook.com/fcrhavelock/.  More here.

Buyer Interest In Eastern, NC

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