tag:blogger.com,1999:blog-27701751.post3412390096703863650..comments2023-08-04T02:50:16.195-07:00Comments on New Bern NC: New Bern Real EstateAnonymoushttp://www.blogger.com/profile/12717370563361513580noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-27701751.post-54427597063329128922014-05-23T13:58:49.664-07:002014-05-23T13:58:49.664-07:00Thanks for doing updates. Definitely good news and...Thanks for doing updates. Definitely good news and bad news. In other areas of the country, sales volume and mortgage starts have dropped due to rising prices and low affordability, however in new bern, homes are very much in line now with income fundamentals. I think you are correct that those associated with the Marine base are simply scared off now from buying and I don't blame them. Many learned their lesson in 2008, others can simply check zillow and see homes sitting empty for months on end, along with price graphs that show declines for 6 years straight. Buying for them is a risky proposition. <br /><br />Investor buying definitely makes sense in today's new bern market, assuming the base never gets BRAC'd in the future. Buying a cheaper 3/2 SFH all cash today would result in a 6-7% annual return, after expenses. Unfortunately I bought at inflated prices, so am lucky to break even. Anonymoushttps://www.blogger.com/profile/06299278086689512155noreply@blogger.com