In any economic market the ‘market’ is always uncertian. The only things that can give clear indication of when it’s time to buy and time to sell are key economic indicators. Just today, Yahoo! Finance reported jobless claims increased and labor costs decreased.
What does this mean?
The labor costs decreasing and productivity increasing indicates inflation will remain in check for now. This is indicative that the Federal Reserve’s credit policy will have some breathing room. Jobless claims increasing means there are less buyers in the market. Referring back to Supply & Demand 101, the prices of homes will fall.
How does this affect me?
If you’re looking at buying a home then let’s look at these two market conditions:
- Prices of homes has decreased again.
- Good to Average credit scores should have an opportunity to find excellent financing.
Contact a Sloane Realty representative and let us help you find the Ocean Isle Beach real estate you’re looking for.