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Monthly Archives: May, 2010

Real Estate Brands vs. Reputation?

Have you ever hired a real estate company based on their brand? I have worked for two of the largest real estate firms in Raleigh over the past 10 years and I have not seen much in the line of brand loyalty from home buyers or sellers. You know what is funny? I was never really interviewed by the companies I worked for. I just kind of met withRead more about Real Estate Brands vs. Reputation?

Follow Raleigh Real Estate News on Twitter

Why? Well, I read a whole lot of news that doesn’t make the blog but still might be important to Raleigh! For example, I have written a blog post yet but I have tweeted twice tonight about Hue Condos in downtown Raleigh. Reports tonight indicated they have closed up shop until further notice which is a real let down because the location and concept seemed like a great plusRead more about Follow Raleigh Real Estate News on Twitter

Real estate activity in Raleigh is up. Forecast calls for flat.

Real estate activity in Raleigh is up. Forecast calls for flat. Raleigh home sales have increased this spring thanks to the tax credit.  Raleigh posted a 37% increase in home sales over April of 2009, taking a big bite out of current housing numbers. Inventory of homes for sale dropped 3.5% and sellers received 97.1% of  of original list price at sale.   Raleigh Home Sales for April 2010Read more about Real estate activity in Raleigh is up. Forecast calls for flat.

Crappy real estate headlines lead charge to nowhere

The headline on CNNMoney.com reads New home construction surges 41% but unless you read all the way to the end, you think that housing is taking off again. The sudden surge in March has been accredited to the federal housing tax credit. “The increase in demand prompted by the tax credit has lifted construction,” wrote Ian Shepherdson, economist at High Frequency Economics, in a research note. “But the expirationRead more about Crappy real estate headlines lead charge to nowhere

Strategic mortgage defaults could mean tax liabilities

I read some great advice about defaulting on your mortgage on Clark Howard’s website today: Defaulting on a cash-out refi — the kind where you used the money to buy a boat, a car or take a vacation — is subject to a tax burden. Read more from Strategic mortgage defaults come with strings attached. North Carolina is an anti-deficiency state. A deficiency is what happens after a bankRead more about Strategic mortgage defaults could mean tax liabilities

Raleigh, Cary, Durham Foreclosure Rates

Realty Trac ranks states’ foreclosure rates by home many foreclosures there are per household. So where do Raleigh, Cary and Durham rank? The top 10 states struggling with high foreclosure rates per Realty Trac are: Properties with Foreclosure Filings from Realty Trac: Click to enlarge Nevada has 1 in every 69 households. Wow! Durham recently posted a 1% drop in their foreclosure rate to one in every 2,184 homesRead more about Raleigh, Cary, Durham Foreclosure Rates

Foreclosure: Booming reposessions & flat default notices

Foreclosure news is booming today with the release of RealtyTrac’s latest report. Banks appear to be finally catching up on a supposed backlog of properties and repossessions are booming. The good news is that notices of default, a measure of looming foreclosures, declined 9% from March to April and 2% lower than April 2009. It’s always darkest before the dawn and my impression is that right now it’s prettyRead more about Foreclosure: Booming reposessions & flat default notices

Smaller home inventories? Don’t panic.

An article about the supply of starter homes available in some markets around the country from CNNMoney.com this morning states there is an 8 month supply of homes on the market right now. From Real estate’s new problem: Not enough homes That’s still a lot compared to the six-month supply that is expected in a normal market, but it is much better than it was. In March, there wereRead more about Smaller home inventories? Don’t panic.

I’m not all business

I just wanted to share a picture with you of our kids… I took this last week when we were playing after school and before dinner:

Hillsborough Street becoming bike friendly?

Hillsborough Street in Raleigh runs past NC State to the capital building downtown. The street improvements bring value but bike lanes bring controversy. I just read a report on CNN.com about the clash of bikes and cars and the top 50 Bicycle-friendly cities. Cary ranked 24 and Raleigh was not listed. From Drivers, bicyclists clash on road sharing on CNN.com Motorists often see bands of bikes on the streetsRead more about Hillsborough Street becoming bike friendly?