Little change is expected in Wake County NC real estate sales of existing homes over the next few months, before notably improving during the second half of the year, according to the latest forecast by the National Association of Realtors. Lawrence Yun, NAR Chief Economist, said the market will come into clearer focus this summer. “Existing home […]
An excerpt from an email to one of my real estate investor clients:
What a great question, and one to which I am always happy to respond, because the answer is so amazing – especially in light of the current National trend in the housing market. As you are certainly aware, one of the best indicators of the health of […]
Based on recent predictions by financial forecaster Global Insight, provided to the US Conference of Mayors, the Raleigh-Cary economic growth is expected to decline by more than 20 percent next year. The Raleigh-Cary real estate market has been more or less sheltered from the national housing slump and has just recently noticed a slow down with more homes on […]
Recent figures released by the US Census Bureau show Raleigh number 6 nationally in numerical change in population from 2004 to 2005. Our Raleigh Durham Cary real estate market remains a safe harbor for real estate investment in light of the downturn in the National housing industry. We continue strong in job growth, steady appreciation in real estate and […]
Each month, Stacey Anfindson, the statistical wizard who crunches the numbers and gives the members of the Raleigh Regional Association of Realtors data so we can keep up with market conditions (http://www.tarreport.com/) recently issued his monthly report and here is what Stacey has to say – Since the 2000 census, Wake County has had an increase of […]
For the past couple of weeks I have been gathering information for a presentation at a seminar for out-of-state buyers interested in purchasing properties in markets outside of their own. Knowing for several months about this seminar, and this presentation, I began paying closer attention to the National housing news and an even closer look at our local market. Of course, […]
Recently the News & Observer, (November 18, 2006, More homeowners cut prices to sell) reported “As the rest of the nation struggles with a housing slump, the Triangle appears a bit of a haven for those selling homes.” How fortunate we are to have such a strong housing market in the Raleigh-Durham area. We seem […]
Based on information released by the North Carolina Employment Security Commission for August, 2006, Wake County has a workforce of 431,089 with an unemployment rate of 3.4%. This is an increase of 5.16% compared to the August ‘05 workforce of 409,912. The unemployment rate in August ‘05 was 4%. This is great news for those seeking employment […]
Statistics Show Rising Prices in Raleigh Durham Real Estate Market
According to the National Association of Realtors®, in many areas of the country, home sales appear to be bottoming out with lower home prices attracting buyers. Is this happening in Durham County and the Raleigh area real estate markets? Not according to the September sales statistics.
Durham sales statistics […]
This morning I attended the RRAR 2006 Real Estate Trends meeting (sponsored by Wachovia Mortgage and Treyburn — thanks guys!) where Patti Head, represented the Wake County Board of Education and Donald Haydon, WCPSS Chief Facilities & Operations and Dr. Terri Mozingo represented the Durham Public Schools. Also on hand was Stacey Anfindsen, a RRAR Director […]
