Over the past decade, housing market conditions have changed dramatically. The housing crash and subsequent price rebound have caused a shift from buyer's to seller's market. Add to that lower-than-normal mortgage rates and a lack of for-sale inventory and prospective home buyers could be forgiven for not knowing what to expect when they head out to look for a home. Fortunately, however, Fannie Mae's most recent forecast from their Economic and Strategic Research Group contains some good news. That's because, though they expect continuing market challenges due to recent mortgage rate increases and too few homes for sale in the lower tier of the market, they do expect things to be better balanced in 2019. In fact, Doug Duncan, Fannie Mae's chief economist, says the market may be steadier than it has been. “We expect that existing and new home sales will stabilize in 2019 as home price appreciation moderates and mortgage rates begin to stabilize,” Duncan said. In other words, potential home buyers should expect less volatility next year, though they should still prepare for a competitive market.

For buyers in Eastern, NC, the housing market is not as competitive as it is in some areas. This area has been able to continue to build many homes in different sizes and price ranges offering some thing for just about anyone that wants to get into the housing market. To see some of the homes being offered go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/?notif_t=page_admin. More here.

Steadier Housing Market In Next Year's Forecast 

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