At the start of the year, unusually warm winter weather across much of the country led to a boost in housing numbers. Most significantly, construction of new homes benefited from the opportunity to build in areas usually limited by snow and bitter cold. And, because new home construction helps control price increases, the housing market was looking particularly well positioned for continued growth throughout the year. But, though most numbers do remain above last year's level, there is a bit of a slowdown on the horizon, according to Fannie Mae's most recent Economic And Housing Outlook. Doug Duncan, Fannie Mae's chief economist, says the news is good and bad. “Construction activity has lost some steam following the first quarter's weather-driven boost,” Duncan said. “Meanwhile, very lean inventory continues to act as a boon for home prices and a bane for affordability, particularly among potential first-time homeowners.” So what does this mean for home buyers and sellers through the remainder of the summer? Well, it means there shouldn't be much change from current conditions. Buyers should expect some competition for the homes that are available for sale and sellers should expect to enjoy steady traffic from buyers interested in making a move before the fall. One area that is still showing a lot of activity is in Eastern, NC. There are many new homes still being built in this area and the area is very popular because of the strong job market and because of the coast. With many homes to choose from, prices are staying moderate and loans are being made. To see some of the homes being offered in this area go to: http://www.firstcarolina.com/listings/ or join us on our social media at: https://www.facebook.com/fcrhavelock/. More here.

Outlook On Housing Activity In Eastern, NC 

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