Home buyers have a lot to consider. They have to think about the size and location of the house they'll buy, how much storage it'll have, the school district, how many bathrooms, the kitchen, mechanical systems, the roof, the neighborhood, etc. It's a lot. But, if that weren't enough, it's also important to consider market conditions and what the financial side of buying looks like. So what can buyers expect to find when shopping for a house in 2020? Well, according to a new forecast from the National Association of Realtors' consumer website, there's good news and bad. More new homes, low mortgage rates, and slower price appreciation are all encouraging signs for hopeful home buyers. Add to that easier access to credit and it sounds like a good time to buy. However, challenges will remain. For example, low inventory remains a big issue for the housing market and, in areas where there are more buyers than homes for sale, it may take longer to find a home. This is especially true for first-time buyers. New home construction has largely been limited to higher-end homes, which means affordable homes in entry-level price ranges may be harder to come by.
There is one place though that buyers are finding a good inventory of homes, ranging from entry level to large and in all different price ranges. Eastern, NC, has become a very popular area to live in with all it has to offer and with the good inventory of homes. To see some of the homes being offered and to take advantage of the different sizes and prices go to: https://www.firstcarolina.com/listings/ or join social media at: https://www.facebook.com/fcrhavelock/. More here.
