Now that housing has crashed and appears to have bounced off the bottom, what’s next? It’s clear that everyone seems to have a different opinion (Including me) about where housing is headed next. There are two strong camps of opinion and both make pretty good sense. The Bull Market theory touts that it can’t get any worse and now is the time to start moving forward. “This is probablyRead more about Where is housing headed?
Monthly Archives: June, 2010
I am slammed today but I took a break with my little boy to have lunch… That’s not real estate news, but we had fun. The news is that I saw a headline scroll by on CNN that existing home sales dropped 2% in May. I then saw a note on Twitter that home inventories rose 1.1% and are expected to climb through the end of the year. If you are trying to sellRead more about Homes Sales Information
Who is the big winner for May? Here are the home sales numbers for Raleigh, Cary, Fuquay Varina and Wake Forest: Raleigh Home Sales May 2010 Cary Apex Morrisville Home Sales May 2010 Fuquay Varina Holly Springs Home Sales May 2010 Wake Forest Home Sales May 2010 Triangle Region Home Sales May 2010 Time heals all wounds, add a little free money and you get a party. Home salesRead more about Raleigh, Cary Homes Sales vs. Triangle
When local Realtors make an appointment to show a home, the appointment is logged by Centralized Showing Service [CSS]. Local research group S.M.A. Publications who publish the Triangle Area Residential Realty Report regularly, track these data along with sales and local home appreciation statistics. From the May 2010 CSS New Homes Report: Raleigh New Home Showings May 2010 New home inventories in Raleigh (And the surrounding market) haveRead more about Raleigh New Home Showings for May
I have lived in Raleigh for a long time and I’m really proud of the leadership we have in Raleigh’s city planner, Mitch Silver. I make no bones about the fact I am pro development and that slow growthers or NIMBY’ ists (Not in my backyard) tick me off. Raleigh is growing rapidly whether we want it to or not and I think Silver is doing a great jobRead more about Raleigh’s City Planner Has Vision
Crabtree Valley Mall in Raleigh has boomed in recent years and nearby real estate has, too. However, it just started a little late and by the time new projects were city approved and ready to go, the real estate market stalled. The property behind the mall is known as Kid’s Hill and there were two different projects by two different developers that totaled around 35 acres have come toRead more about Raleigh’s Crabtree Valley Stalls Again
After years of waiting, the Garner’s popular Timber Drive is set to be extended to White Oak Road connecting to White Oak Crossings Shopping Center. Plans have been approved and a bid was accepted earlier this week with construction slated to begin this month. The Timber Drive project, the transportation priority for Garner, calls for a four-lane divided highway connecting N.C. 50 and White Oak Road, including a bridgeRead more about Timber Drive Extension in Garner is a Go!
According to a blog post from the WSJ Developments blog yesterday, three house Democrats have proposed legislation requiring the Treasury to guarantee $15 billion in construction loans to help struggling builders survive housing downturn. One of the bills sponsors is Representative Brad Miller from NC who has the backing of the National Association of Homebuilders. The measure, which would be open to all builders, addresses what has become aRead more about Should Taxpayers Help Home Builders?
The latest Pending Home Sales Index reported this morning show that the home buyer tax credit has had a positive affect on home sales through April. The index, which tracks accepted contracts on properties (Not closed sales), increased 6% nationwide last month. Home sales in the southern region in April show a drop of .6% over March. “The home buyer tax credit brought close to 1 million additional buyersRead more about Pending home sales continue upward trend in April