Housing Prices at 1999 Levels?

Housing Prices at 1999 Levels?

In some markets, yes. Housing prices are and will also we “local”. One of the best markets in the country still remains the D.C. according to the below real estate news clip. More local to the carolinas, Raleigh-Durham still remains within the top 10 real estate markets predicted to thrive in 2011. Job growth has averaged 13.5% over the past 10 years and an estimated 73.1% of families can afford to purchase a home.

Inflation is Coming!

It’s a buyers market and now is still a great time to buy a home. Interest rates are low and sellers are flexible. On the fence buyers will need to understand that the rise of inflation will not allow interest rates to remain at record level lows. The cost of fuel has an impact on certain markets as well. Real estate markets that are further in distance to neighborhood amenities such as shopping, medical, restaurants and major employers may have an increased days on market compared to more proximate neighborhoods to amenities. Extended days on market will ultimately decrease the price per square foot overall.

If you are looking to buy or sell in a particular market and would like more market statistics on a particular area, please give me, Sandra Allen a call at (704) 502-4324. I’ll be more than happy to help!