Tuesday, August 08, 2006

The Housing Bubble?

We continue to hear about the "housing bubble" in different parts of the country. Those are the areas where real estate appreciation has been rapid over the past few years, and some markets are now flooded with overpriced properties.

Eastern North Carolina appears to be one of the nation's best-kept secrets for housing affordability. Although waterfront and resort properties command premium prices everywhere, Eastern NC is still considered far more reasonable than many other coastal areas.

Smaller, historic cities like New Bern, offer all of the amenities of year-round living, while only 30 miles west of the Atlantic.