Reading real-estate news can sometimes give you the impression that there are nothing but challenges in today's market. Inventory shortages and rising prices dominate the headlines and can make it appear as though prospective home buyers are in a tough spot. And yet, Freddie Mac's year-end recap says the housing market just had its best year in a decade. In fact, the report highlights a number of positive developments that have helped propel the market. Among them, a stronger economy and job growth lead the way. Americans are feeling more confident in their financial situation, which makes them more likely to consider buying a house. Renewed confidence, along with lower-than-normal mortgage rates, has helped balance out some of the affordability challenges that exist in certain markets. Overall, consistent buyer demand and rising optimism have led to a high level of buyer demand. Freddie Mac predicts this will help accelerate new home construction, which may moderate price increases next year. In short, today's market offers potential buyers some reason for encouragement. For buyers in Eastern, NC, they are finding a strong housing market with many new homes being built. These homes are offering many sizes, styles and prices and have made it much easier for buyers to get into the market. This area also has a strong job market and that has helped buyers to fill confident about a new home purchase. 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/. More here.
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