If you look at just about any reading of the current housing market, you'll find that there are a lot of Americans interested in buying a home right now. Whether it's because of pent-up demand that built up in the years following the housing crash or a drive to buy now while mortgage rates are still well below their historical norm, the fact is buyer demand is high. The most recent National Association of Realtors' Pending Home Sales Index provides more evidence of this. That's because the index – which measures the number of signed contracts to buy homes – ended the year with its third consecutive monthly increase. Lawrence Yun, NAR's chief economist, says the housing market has started the year with a little bit of momentum. “Another month of modest increases in contract activity is evidence that the housing market has a small trace of momentum at the start of 2018,” Yun said. “Jobs are plentiful, wages are finally climbing and the prospect of higher mortgage rates are perhaps encouraging more aspiring buyers to begin their search now.
Buyers in Eastern, NC, are finding a good inventory of homes, new and existing. This has given many choices and price ranges so that more buyers are able to participate in the market. This area also has a strong job market with rising wages so this is helping to put more buyers in the market. To see some of the homes available 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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