While it is certainly a fact that prices in North Carolina held up much better than most states in 2008, our state has felt the issue in the fourth quarter of 2008 and early in 2009.
The result is that there are truly plenty of great values in the N.C. housing market at the present time. Inventory of new and existing homes on the market has certainly put a strain on home prices. The good news is that we are seeing signs of a pick up in home sales in many areas of North Carolina, but the price pressure still exists.
Large inventories to choose from, at very attractive prices, makes this the perfect opportunity for first-time home buyers. The time to act is now, before many of these opportunities slip.