Housing Market Optimism

Our housing market is bouncing back!  FNMA (Fannie Mae) survey shows there is growing optimism. Number of closings are up and inventory is down.  We have had a number of multiple offers on properties for sale - we have represented both buyers and sellers this year in such situations. This is the formula for a rising market. 

Good news continues to move us forward! If you are considering a home purchase or sale of your house any time soon, you might want to read this! The last housing market crunch I recall started in 1987 and we saw daylight four years later in 1991 and after that it took off. We are four years away from the 2008 housing debacle so it is no wonder that we are now seeing light at the end of our tunnel! Here is an interesting article for you to review. Chapel Hill, Durham, Raleigh and the general Research Triangle Park area have historically been less affected than other parts of the country and usually help lead the country out of housing slumps.  This recent housing market downturn is no exception.  Click here to read more about FNMA's survey and the country's growing optimism!

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