Asked by Eric, Carrboro, NC • Sat Jun 14, 2008
I believe it is. Just looking at the average household income data and the price of the average new home leads me to believe the area is due for some correction, like the rest of the country. I will be in the market for a home next summer. I don't know if I am going to go with new-built, existing, foreclosure, etc. I want the best deal for my money and it seems to me fairly priced homes are hard to come by, especially in Wake County. I refuse to be house poor like so many others. What is the best way to score a good deal in this area? I won't pay more than $220,000 and/or more than $100 per sq. foot.
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