Realtor Don Carson has seen a slowdown in the residential sales market in Pitt County as we move into 2008, with sales down 7 percent from last year.
But, buffered by the strong local economy, this area should be resistant to the economic swings affecting the rest of the nation, says Carson.
The robust local education and health care industries should make Pitt County nearly recession-proof.
And Carson says it's a great time to buy a home.
Inventory is high, building is steady, prices are adjusting and interest rates are dropping -- which Carson sees as evidence of a strong buyers market.
But the buyers aren't going for it.
Carson sees lots of hesitation as buyers wait to see how the economy shakes out.
This trepidation is leading builders to offer incentives to lure apprehensive buyers. Coupled with low interest rates, these incentives make buying now a no-brainer.
Pitt County is one of the fastest growing areas in North Carolina, and has shown enthusiasm in adapting to a changing social, economic and social world.
