With the Thanksgiving holiday now fleeting, we will remember being bombarded with Black Friday sales pitches and we'll hear all the stories of crazy lines and pushy customers. And hopefully we won't hear of any more stampedes this year! In our real estate market, if there were a Black Friday-a time to buy property at discount-it would be right now. There are two main factors that in my estimation support this: First, prices in our Hampstead and NC Beaches markets have really dropped. It's about supply and demand, and there is a huge supply, which drives the prices down. Second, economic and real estate experts agree that in the spring of 2010 interest rates will increase (read this Article from the Wall Street Journal for details). The reason rates will go up, they say, is because the Fed has announced they will stop purchasing mortgage backed securities. This will drive rates higher, which means less borrowing power and higher monthly payments if you wait until the spring to buy. So if you're thinking about buying or selling in the Hampstead, Wilmington, or NC beaches area, you might want to consider now instead of waiting.
Stephanie Gasparovic, Realtor®
Stephanie Gasparovic & Associates is the educated choice in Hampstead NC Real Estate and the Greater Wilmington NC Areas. Visit one of our exclusive Hampstead NC Communities. Stephanie Gasparovic & Associates has all the listings all the time! At Stephanie Gasparovic & Associates, we believe that knowledge is power - Let us put our knowledge to work for you!
(910) 264-7826 www.StephanieGasparovic.com Search All MLS