As the shutdown of the economy eases, the housing market has heated up.
As a result of potential home sellers “pulling back,” fewer homes are available to now energized buyers.
According to a recent story in The Morning News, Pee Dee median home prices have risen almost 10%. In addition, the number of days homes stay on the market has dropped. All most likely due to the effects of the COVID-19 pandemic (as discussed here in an earlier post).
The newspaper article also points to the fact that the Federal Reserve has reduced their rates to zero which helps pull down mortgage rates. That has incentivized buyers into the housing market and increasing demand.
With limited options for existing homes and interest rates at historic lows, your incentive to build a custom home becomes even greater. Hopkins Builders has the experience and expertise to guide you through the process. Get in touch today to get started toward your dream home.