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Monthly Archives: July, 2010

Centralized showing call report

When a real estate agent makes an appointment to view homes in the Raleigh area, they typically call Centralized Showing Service (CSS). CSS schedules showings for Triangle MLS listed properties by all the local real estate companies. I put together a simple chart to show you what showing traffic has been like over the past 4 years. The showing traffic in 2006 and 2007 was not only great, thereRead more about Centralized showing call report

The big, new subdivision that couldn’t

Wendell Falls was in the right place but at the wrong time. Wendell is just minutes from Raleigh along the new 64 by-pass and for now, that’s all it will be. Since late May, foreclosure notices have been trickling through the Wake County legal notification system for the 30-plus parcels that Raleigh-based Mercury Development and its top investor, Burroughs & Chapin Co. of Myrtle Beach, S.C., purchased in 2006Read more about The big, new subdivision that couldn’t

What is urban sprawl worth to you?

For a 30-45 minute commute you can find yourself on an acre of land in a new or newer home custom built to suit your needs at a price that might be unheard of in town. Builders and developers have bought land and developed new neighborhoods further from the city core for as long as I can remember. Wake County has a lot of land making sprawl an easyRead more about What is urban sprawl worth to you?

Reports increase in failing loans

Bank of America Recent Stock Performance Foreclosure and mortgage troubles are becoming a fact of life for more homeowners in Raleigh than I had expected when this mess started. Bank of America, one of the largest mortgage lenders in the Raleigh area, has reported 15% increase in nonperforming loans, leases and foreclosed properties in 2nd qtr 2010 over last year. Last month Freddie Mac reports showed short sales increasedRead more about Reports increase in failing loans

When did you buy your home in Raleigh?

According to a recent report from S.M.A. Publications of Cary, many Wake County home sellers who purchased their homes in the last 3 years are selling for less than they actually paid for the home. Declining house prices continue to eat away at home equity. Re-sale sellers within the past 13 months who previously purchased in 2007, 2008 or 2009 all sold for less on average. Those who purchasedRead more about When did you buy your home in Raleigh?