Depending on the results of the most recent monthly housing report, you might get the impression that the market is horrible or just fine. Mainly, that's because monthly real-estate reports often show an exaggerated amount of volatility. In other words, month-to-month results are typically far more up-and-down than what you'd see if you took the longer view. According to Fannie Mae's most recent Economic and Housing Outlook, that's especially true these days. Conditions have been pretty steady for the last year and will likely remain that way for the upcoming year. Doug Duncan, Fannie Mae's chief economist, says the real estate market will likely remain unchanged despite changes to tax laws and monetary policy. “The new tax laws are likely to motivate a mixed response in the housing market: Increased disposable household income should lead to greater housing demand, but changes to deductions essentially reduce the subsidy for homeownership,” Duncan said. “On balance, we expect the housing market in 2018 to encounter many of the same challenges as last year, including inventory shortages, particularly in the middle and lower-end of the market, and affordability headwinds.”
The one area that does not seem to see as many issues is in Eastern, NC. This area has been able to continue to build and keep inventory good and that has help to moderate prices. There are many new homes in different sizes, styles and price ranges and there are programs in place so this has made it possible for more buyers to be able to get into the market. To see some of the homes available in this area go to: http://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.
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