Hope for the Future!

There are glimmers that the housing marketing is beginning to lift out of one of the worst slumps since the Great Depression.  In 2009 low home prices pushed sales higher in many parts of the country.  But the encouraging news should be met with caution. Why?

The boost fueled primarily by: Foreclosure Sales, Tax Credits for first time homebuyers, The Federal Reserve’s program of buying most new mortgages to keep rates low for mortgage seekers.

Without those supports pumping up demand, the housing market remains weak in the metropolitan areas.  In Moore County we have a better outlook with our current pending trends – in excess of 200 residential homes under contract at the time of this writing – numbers from 200 plus are healthy for our pending numbers and our prices are rising from 2009.

This entry was posted on Sunday, March 14th, 2010 at 5:36 pm and is filed under Market Trends.