Recent worries about a potential recession have made news but, according to Freddie Mac's newest housing market forecast, home buyers and sellers shouldn't be too concerned. That's because, there are a number of positive trends that will help keep the real estate market healthy through the fall and into 2020. For one, the job market continues to show strength. And that, combined with mortgage rates hovering at three-year lows, will likely keep things moving in the right direction. Sam Khater, Freddie Mac's chief economist, says he expects the fall market to continue to improve. “Despite fears of an economic slowdown, the U.S. labor market stands firm,” Khater said. “Specifically, jobless claims are near historic lows. This strong labor market, along with mortgage rates at three-year lows and consumer confidence holding strong, will set the stage for continued improvement in the housing market heading into fall.” In short, despite news of trade tensions and economic uncertainty, the housing market looks steady and poised for continued gains. Along with low rates and a strong job growth, Eastern, NC has been able to continue to build many new homes, especially in the entry level size. This has kept prices moderate and has helped many people to be able to get into the housing market. To see some of the homes available go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.
