Marvin, NC

Time For Fence Sitters to Jump Off

Inventories are beginning to drop with builders in the area and sales are starting to improve. Why is this coming about when the press still talks doom and gloom? Market forces. Interest rates have showed signs of creeping up an little bit, and when inventories go down, prices adjust as well. Speculators of further interest rate declines will notice the reversal and begin buying before they lose the advantage they have been waiting for.

As builders inventory from last year fall, their prices will see the normal annual adjustments we have always come to expect in the begining of a new year. These inventory homes will no longer be in significant competitions with resale homes, and this will begin a gradual shift in what is now a very weighted buyers market.

I've asked this question before...If you are in the market for a new home, pre-qualified, what are you waiting for? If you have a home to sell, get it on the market for the spring season. Nothing last forever, and we are going to see an end to this slow period. I hope you can benefit from it in the best way.