If you spend any time following the real estate market or economy, you know there's no shortage of data. Nearly every day there's a new report detailing some corner of our economic lives, whether it's consumer spending, mortgage rates, jobs, or home sales. But reading the day-to-day news reports can sometimes give you a distorted view of what's really happening. That's because monthly updates on the housing market's ups-and-downs can be more volatile than a look at annual results. And so it's important to take a big-picture view of the market from time to time. For example, Fannie Mae's most recent Economic and Housing Outlook says, despite a slower-than-expected first quarter, the economy will continue to grow. And, according to Doug Duncan, Fannie Mae's chief economist, home sales will also continue to improve, despite a more challenging environment for buyers. “Soft residential investment last quarter should prove temporary, as home sales resume their slow upward grind, with inventory shortages playing friend to prices but foe to affordability and sales.” For buyers in Eastern, NC, the market has continued on a steady pace, with many new homes being built in many sizes and styles and this has kept prices moderate and with in reach for many buyers. To see some of the homes available in Eastern, NC, go to: http://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

Housing Outlook Says Take The Long View 

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