First-time homebuyers in Guilford County finding market more welcoming
GREENSBORO, N.C. — All the signs indicate that the Guilford County housing market is enjoying a steady recovery. Still, some people in the business caution that a stable market is not yet a booming one.
First-time homebuyers, scared off by the bad economy, high unemployment and a fear of committing to a mortgage in uncertain times, are returning to the housing market with new confidence, according to local real estate professionals.
“We’re seeing a little bit of everybody getting into the market,” said Kevin Green, the president of the Greensboro Regional Realtors Association. “Home prices are beginning to recover, but I think it’s unfortunately a long journey.”
Government lending incentives are a strong lure for first-time buyers, according to Chris Young, a certified mortgage planner with Benchmark Mortgage: The Young Team in Greensboro.
Read more: Greensboro News & Record