Buyers thinking they can underbid may be running out of time as the housing market recovers in the Triangle, according to Jim Allen of The Jim Allen Group.
Allen says sales of new construction are returning to pre-recession paces. With the last several months showing impressive signs of a recovery, inventory levels lower than they have been in years and interest rates still historically low, the real estate market is more of a “Sellers-Market” than the “Buyers-Market” of the past several years.
Check out the interview with Jim Allen and Jeremy Salemson, CEO of Corporate Investors Mortgage Group on WRAL.com.
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