Steve's Blog

We all see the media bombardment of negative real estate and economic news several times a day, but things are not all bad.  The geographic location of Mebane, NC has us at the forefront of growth.  the former Arrowhead Golf Course is now being developed into a mixed-use community anchored by theAlamance Regional Medical Center facility.  Tangier Outlets is said to be coming.  A retail center of orer 1,000,000 suqare feet of space in in the planning stages, an upscale assisted living community is in the planning stages.  Lowe's Foods has just opened a new store.  Gregory Poole is construction a new building.

More residential development will follow closely behind.  Now may be the best time ever to buy, expecially in the Mebane area. 

For approximately the last five years we have been bombarded with offers from mortgage lenders to grant mortgage loans to people with "less than perfect" credit history.  Now the results of that trend are evident.  I have no crystal ball, but, in my opinion, now may be the best time in recent history to buy a home.  Gas prices continue to rise and show no sign of abatement.  Gas prices directly impact almost every segment of the economy, so you can bet that we are facing a round of significant inflation.  Real estate has historically been the best hedge against that inflation.  The good news is ---- if you have Good Credit and are Gainfully Employed, you can probably obtain a Very Attractive mortgage loan before home prices begin to rise again.