triangle market news & information
Triangle Home Prices for 2010
Triangle Real Estate Market News
Friday, 11 December 2009 14:15
Noticed an article yesterday in the Triangle Business Journal predicting that home prices in the Triangle will decline another 3 percent over the next 12 months for 2010 Home Prices.ﾃつ Click here for the full text.
The prediction is provided by an analytics and forecasting firmﾃつbased in Cary North Carolina - Local Market Monitorﾃつ- produces a quarterly reports covering the major markets of the United States to assist organizations in managing risk for investment and credit decisions.
The firm is predicting an almost 5 percent decline in prices across the nation.ﾃつ
At a Triangle-level, another 3 percent decline in prices across the boardﾃつnext year would not surprise me.
Triangle Home Showings & Seasonality
Triangle Real Estate Market News
Friday, 04 December 2009 15:25
There is a seasonality aspect to the Real Estate business.ﾃつ Everyone understands that Spring is the big buying and selling season.ﾃつ With the unusual market conditions in the Triangle over the past 2.5 years, I spent a little bit of time this morning pulling some showing statistics to see how showing activity has been trending this year versus years prior...
Triangle October 2009 Home Sales
Triangle Real Estate Market News
Wednesday, 02 December 2009 17:22
Here is the news article of the day:ﾃつ From the News & Observer, Triangle home sales in October 2009 were up 44 percent over October 2008 according to the N.C. Association of Realtors.
I like this headline ﾃ｢竄ｬ窶 it is certainly better than a decline in sales ﾃ｢竄ｬ窶 and articles like this bring out questions and comments from clients and friends.ﾃつ My first reaction, however, on any statistic like this is to dig a little deeper to see if there are any ﾃ｢竄ｬﾅ堵otchasﾃ｢竄ｬﾂ.ﾃつ
Durham Favorites
Tuesday, 01 December 2009 01:59
Looking for some adventure this past Friday, my family and I loaded up early in the morning to spend the day in Durham.ﾂ Having lived in Durham North Carolina in the mid 1990s, I have some old haunts I love that are still around andﾂwe hit some new ones also:
First stop: the Al Buehlerﾂtrail around the Washington Duke Inn and Golf Course.ﾂ This is a 3 mile or so loop around the Golf Course - it is pretty hilly but a great way to get out and get the blood flowing. Back in the old days, I used to be able to run this loop no problem. Today, not so much success although we made it around with all four kids and did get some exercise in the process.
Underwater Mortgages in Raleigh and Cary
Triangle Real Estate Market News
Wednesday, 25 November 2009 17:54
Saw this article today in the Triangle Business Journal...according to a research firm out of California, more than 6 percent of homes in Raleigh-Cary North Carolina are "underwater" - meaning the home owners owe more on their mortgages than the home is worth.
Yikes! Or is it really that bad? It depends on the statistics and it also depends on the homeowner's situation.
More Articles...
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WRAL.com - Local News
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News & Observer: Home Page
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