Fayetteville, NC Market Great for Buyers

At the January Fayetteville Regional Association of Realtors (NC) luncheon reports presented by David Evans and Zan Monroe pointed to the current condition of our market. Based on indicators across the nation we can expect interest rates to begin to rise from their current 3-4% range in the latter months of 2015. With financing options out there offering down payments as low as 3% this may well be the time to buy or upgrade before the national upswing comes to our market. According to the presenters Fayetteville lags the national market by about two years. Since finding that perfect home takes months and negotiations to close take 45 days or more consider starting your search now. 78% of our market is in existing homes selling at $180,000 and below. It is still a buyer’s market. If you are thinking about it. You owe it to yourself to sit down with a mortgage advisor and explore your options.  Then call me.