Crystal Coast Real Estate— Optimism Soaring!

Despite the recent surge in housing prices and mortgage rates, local real estate demand and optimism is soaring! Buyers are more confident than ever that now is the time to purchase a home, although housing inventory levels are less than abundant, and a recent study reported that household formations are improving— meaning more children are moving out on their own and jumping into North Carolina real estate.

This is all great news, but what else is on the up and up? Realtor Magazine is reporting that builders haven't felt this upbeat about real estate since 2006!

"Builders continue to feel more optimistic about the direction of the recovery for newly-built single family homes. Builder confidence rose six points in July to 57," according to the National Association of Home Builders and Wells Fargo Housing Market Index. Any number above 50 indicates that more builders view conditions as favorable.

The index is based upon builder perception of home sales, expectations over the next six months, and buyer traffic. And with the current sales conditions, the gauge rose to its highest level since 2006, with expectations for sales over the next six months also rising to its highest level since 2005.

The report showed that builder confidence has increased across every region of the United States, making this a great time to purchase a home on the Crystal Coast.

Are you ready to start your local home search? We have new real estate listings added daily, offer free consultations, and are ready to help you reach your homebuyer goals!

Gena Gilbert

Search for Properties | Contact | Facebook | LinkedIn | Twitter