Inevitably as construction and land costs bottom out – new home sales have started rising throughout the country.
The term “buyer’s market” has been tossed around plenty in recent months. But most home buyers don’t grasp the full meaning of the term until they get ready to shop.
After a rough second half in 2008 and a devastating spring, the region’s housing market has made some gradual improvements in recent months. But while sales are increasing slightly, the selling price of homes remains as low as most real estate agents can recall.
“They are still really low, which means it’s a good time to buy. I don’t think the prices have really moved upwards yet. I’m not sure when they’re going to,” said Richard Spencer, real estate agent with Ron Spencer Real Estate.