Clif Cheek

We have all been anxiously watching this dismal real estate market wondering when and where we might see things reach their low and begin an anticipated upswing.  This article, written by the AP and featured on MSNBC gives us the sign of change we are looking for. 

Click: New Home Sales Data Show Encouraging Signs to view this news feed.  

Ocean Isle has remained fairly steady rather than following the drastic fluctuations of most markets due largely in part to the fact that Ocean Isle is mainly a second home beach.  With foreclosures on the rise of primary residences, our market has been just a faint thought for most home buyers.  However, this down turn has brought prices down and has, I believe, leveled our pricing structure on the island.  We are beginning to see a spike in interest levels and a rise in purchases.  I believe that this spring and summer are a buyer's best opportunity to purchase.  As the NY real estate mogul, Donald Trump, exclaimed in an interview recently with Larry King, "Well, this is a time for smart people. This is a time for entrepreneurial people. This is a great time for people like me...this is a great time to buy real estate."

Tags: ocean isle | bottom | real estate | market