ARE YOU READY FOR THE NEXT HOUSING BOOM?  

Now is a great time to invest in real estate! Just think about the demographics of our country. Pinehurst, Southern Pines, and all parts of our area of North Carolina provide the Excellent life style that Baby Boomers and Echo Boomers want.
Excellent Living Conditions including the cost of living!
Excellent Hospitals
Excellent Schools
Excellent Housing and Home Values!
Excellent Cultural Opportunities
And the List Goes On… 

The Echo Boom Generation Is Even Larger Than the Baby Boom Generation! 

The population in America continues to rise and with it the
Creation of new households with housing needs. According
to conservative estimates, the number of households
is expected to increase by 1.25 million annually
over the next decade. 

SOME FACTS YOU SHOULD KNOW... 

More wealth is created when you buy at the bottom of a real estate cycle instead of at the top. The old story applies – buy low and sell high! Now is the time to buy a great house at a great value!  

The number of echo boomers will increase and maintain a strong demand for housing
in the years to come 

HERE COME THE ECO BOOMERS!
Echo Boomers Are Entering the Housing Market.
They are primarily the offspring of the nation’s largest generation,
the baby boomers ... and there are a lot of them. The echo boomers
are entering their peak household formation years with close to
6 million more people than the baby boomers had during the 1970s.
AVAILABLE
Housing affordability is still at record highs. 

Production Cuts Have Moved Markets Closer to Balance Change in Existing Single-family Home Sales 

CONSIDER THESE BOOMING FACTORS—
WHEN SUPPLY IS LOW, DEMAND IS HIGH.
Source: National Association of REALTORS®, Existing Single-family Home Sales 

Markets are currently much closer to balance.
Existing home sales are improving in the hardest hit states. 

Builders have cut back on building new homes to record lows. Based on annual household formations and approximately 300,000 home demolitions, we need between 1.3–1.7 million new homes built every year. In 2008, developers only built 892,800 units. The actual numbers for 2009 have not yet been released, but the estimate appears to be in the 500,000s ...
Over the last 10 years, the population has grown by 30 million, but the same number of
homes were sold in 2008 as in 1998. The demand is pent up. Many are still waiting
to be sure the market is at bottom; however, with inflation possibly looming and the chance for interest rates to increase, now is the best time to reap the rewards that will come with the next housing boom! 

Just give me a call or search on our websites. www.PinehurstHomeSearcher.com or www.LucretiaPinnock.com.
The future is now!  

Sincerely,
Lucretia Pinnock
Keller Williams Realty
Pinnock Real Estate & Relocation
Services
115 E. Pennsylvania Ave.
Southern Pines, NC 28387
910-692-6767 office
910-215-6957 mobile
lucretiapinnock@nc.rr.com
www.LucretiaPinnock.com 

Oh, by the way®…if you know of someone who would appreciate the level of service I provide, please call me with their name and number, and I’ll be happy to follow up and take great care of them. 

Pinehurst was named as one of the Top Places to retire in September. With the Men's and Women's US Open Golf Tournaments coming our way in June of 2014, this is a great time to make that investment for the 2nd home soon to be a retirement home.  

- Lucretia Pinnock