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| *The Commerce Journal>>>Investing |
What can i expect from the real estate market in faytetteville, north carolina in the next twelve months? |
I am looking for an investment property to live in while i fix up. right now the real estate market is lousy-it is a buyers market-house prices are being cut. i do not know what the future will bring but you should take your chances and hope for the best. The over all U.S. real estate market is likely to be on the quiet side over the next 12 months. North Carolina is no exception. Generally real estate has fallen in price for more than a year in the US as a whole. The prognosticators state that there was a real estate bubble, similar to the stock market 'bubble' of the year 2000. Current business news attributes inflated real estate prices to the sub prime interest rates in place based on the policies of the Federal Reserve. There are exceptions to the bubble in areas where residents are primarily very wealthy, and not greatly impacted by the state of the economy. I would look at real estate in the Fayetteville, North Carolina area in terms of the available information on the economy and real estate price trends in that particular area. Another indicator is to watch real estate currently for sale there, and the time it takes to be sold. |
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