Metropolitan Statistical Area (MSA):
Jacksonville, NC is a Metropolitan Statistical Area (MSA) comprising counties including Onslow County.
There are many factors influencing real estate trends in the housing market, and the Jacksonville, NC metropolitan statistical area is no different. The following is a brief overview of some of the most important trends affecting the Jacksonville housing market.
The first and perhaps most important trend is population growth. The population of Jacksonville has been growing steadily for years, and this trend is expected to continue. This population growth is driven by a number of factors, including the presence of Marine Corps Base Camp Lejeune, which is one of the largest employers in the area. This population growth has led to increased demand for housing, which has driven up prices and made it more difficult for buyers to find affordable homes.
Another important trend affecting the Jacksonville housing market is job growth. The unemployment rate in Jacksonville has been declining steadily in recent years, and this trend is expected to continue. This job growth is being driven by a number of factors, including the expansion of Marine Corps Base Camp Lejeune and the presence of other major employers in the area, such as Onslow Memorial Hospital and Walmart. This job growth has led to increased demand for housing, which has driven up prices and made it more difficult for buyers to find affordable homes.
The third major trend affecting the Jacksonville housing market is interest rates. Interest rates have been rising steadily in recent years, and this trend is expected to continue. This rise in interest rates makes it more expensive for buyers to finance their purchases, which has led to decreased demand for housing and lower prices.
These are just a few of the most important trends affecting the Jacksonville housing market. These trends are likely to continue into 2019 and beyond, so potential buyers should be aware of them when considering purchasing a home in Jacksonville