Not surprisingly, affordability ranks high among home buyers' concerns. Rising prices and rumors of future mortgage rate increases have some prospective buyers questioning whether or not they can handle the financial obligations that come along with homeownership. However, new data from the National Association of Home Builders says, in most markets, they can. That's because, the NAHB's quarterly measure of affordability found 58.3 percent of new and existing homes sold between the beginning of July and the end of September were affordable to families earning the median income of $68,000. That's encouraging news for hopeful home shoppers. And, according to Robert Dietz, NAHB's chief economist, there are a rising number of them hoping to take advantage of conditions while they're still favorable. “Solid economic growth, along with ongoing quarterly job gains and rising household formations, are fueling housing demand,” Dietz said. “Tight inventories and a forecast of rising mortgage interest rates through 2018 will keep home prices on a gradual upward path and slowly lessen housing affordability in the quarters ahead.” For buyers in Eastern, NC, affordability has not been as big an issue as it has been in a lot of places. There are many new homes being built in this area and that has given buyers have a good choice. 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/.  More here.

Typical Buyer Can Afford To Buy In Eastern, NC 

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