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Monthly Archives: August, 2010

Do you trust your Realtor?

Pricing a home for sale in the Raleigh market is not an easy task these days. I still hear some local Realtors say that Raleigh is fine and that the problems are somewhere else in the country. That’s a load of bull puckey. Our market is challenged with higher inventories and fewer buyers that qualify for mortgages. Also, buyers moving here from other parts of the country may haveRead more about Do you trust your Realtor?

Seriously, this was my horoscope 10 years ago

Okay, this post has no Raleigh, no real estate and no news. So shoot me. I read my horoscope about 10 years ago and it was so meaningful to me that I typed it up and eventualy taped it to my bathroom mirror where it stayed for over a year. It now resides in a file I keep of inspirational ideas I dig into every so often. I’m anRead more about Seriously, this was my horoscope 10 years ago

Bond market keeps mortgage rates low

The NY Times posed the question yesterday: “Just how low can [mortgage] interest rates go?” I had predicted rates would be 5.5% to 5.75% this fall and it looks like I may be wrong. For once, I hope I am.  I have tried to make several predictions this year and I’ve missed a few times. I promise to be a little more accurate in the next recession. From Investor Appetite forRead more about Bond market keeps mortgage rates low

Foreclosures and Raleigh home prices

Raleigh has weathered the housing storm better than many parts of the country, but we are not out of the woods just yet. I am encouraged seeing areas that I serve improve as bank owned properties continue to sell. I even bragged about some of the bargains in outlying areas writing  What is urban sprawl worth to you?. The sky is not falling The good news is that ourRead more about Foreclosures and Raleigh home prices

Growth and the housing market

I recently posted a story called Where is housing headed where I discussed an article from CNN. I read a great article from the Metrostudy blog this morning that is worth of our attention. Referring to a recent study that housing start numbers are showing growth: Where did this increase in housing production come from? Was it “stimulated” by the tax credit? Was it “stimulated” by low mortgage rates? What aboutRead more about Growth and the housing market