How are the Effects of BRAC effecting your market?

By
Real Estate Agent with Heavenly Homes Realty, Inc

Make no mistake BRAC is among us. Military personnel  and Full Commands are being moved to different states. How is this effecting your market both good and Bad? Here at Fort Bragg builders moved guickly building homes and apartments in anticipation for the influx of soldiers. But now with the mortgage market tightening there are lots of homes sitting empty causing builders to start offering huge incentives. Whats happening in your area Good or Bad?

Comments (4)

Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Walter - the market sure seems to be picking up now.  Raleigh isn't far from Fayetteville, and I've talked to several couples over the past few weeks.  Husband will be stationed at Fort Bragg, wife working in Raleigh, and looking for a home at a nice halfway point.  This area will be growing, but there may be some tough changes in other places. 

Apr 16, 2008 06:25 AM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Since I have to wonder what BRAC is, I'm wondering if people in your service area reading this post might also be wondering.

Happy Holidays!

Dec 15, 2009 11:40 AM
Walter Jetter
Heavenly Homes Realty, Inc - Fayetteville, NC

Jim,

BRAC is the acronym for Defense Base Closure and Realignment Commission.

Walter

Dec 15, 2009 10:21 PM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

BRAC cleaned our clock a few years back, we haven't really fully recovered. Wal Mart is now our # 3 employer, should tell us something.

Jan 01, 2010 03:18 AM