“How is the market doing?” If I had a dime for every time someone asked me that … Over the past 24 months that seems to be the question on everyone’s mind. I am happy to report that the market is recovering.
The health of any real estate market is based on the principle of supply and demand. Supply and demand is generally impacted by three factors: the availability of jobs in the market, consumer confidence, and the cost of home-ownership. Moving one step above that is that fact that all real estate markets impact one another, especially in an area like the Carolina’s where many people relocate from other parts of the country. If you can’t sell your house where you currently live, then you most likely can’t purchase in your new location. Or if you have to sell for less where you currently live, then you might have to purchase differently in your new location.