Archive for March, 2008

Need help getting a home sold?

I just searched all homes in the MLS and this is what I saw:  Total number of properties found: 18806. That’s more homes than I have ever seen since I started working as an agent in Raleigh in 2000.

 If you use plans to build a home, shouldn’t you use plans to sell one?
We utilize a written market plan [...]

Lennar Homes beats analyst’s predictions

Lennar, one of the largest builder’s in the Triangle, posted a loss of .56/ share. Analyst’s had predicted the company to lose $1.07/ share originally.
 Read more here

Raleigh and Wake County building permits

Do your homework before buying a home that has been renovated, updated or added on to. The first thing to find out is if the work completed required a permit from the city or county. Not having a permit can become a burdensome liability to a home owner and if you are going to pay [...]

CANEFLAZ

Residual effects of bubble real estate markets in California, Nevada, Florida and Arizona have complicated Raleigh’s housing market the last 6 months. I saw this picture and figured Raleigh was like Woody Allen.

Federal banks can buy more mortgage-backed debt

I have kept focus on the mortgage market because as the “credit crisis” finds resolve, banks will surely open their wallets to real estate developers in Raleigh again. The slow down will hopefully allow our local market to readjust a bit to include housing priced in the $150k range again. The rampant growth falsely inflated [...]

Raleigh area top selling developments in February, 2008

Subdivision # sales Average price
Brier Creek   18           $387,444
Heritage Wake Forest    16              $420,375
Hedingham               16              $145,031
Cary Park                15              $371,367
Bedford at Falls River  14              $396,893
Kildaire Farms          14              $180,250
Twin Lakes               13              $291,038
Maybrook Crossings       12              $133,458
Harmony                 10              $401,900
West Lake- Cary          10              $284,350
Carpenter Village        10              $236,850
Weldon Ridge             10              $405,050
Griffis Glenn            10              $157,350
Wakefield                 9              [...]

Re-sale homes climb 2.9% in February 2008

As prices drop and spring looms, more home buyers are laying their money on the table. Is the stand-off coming to a close?
Existing-home sales climbed for the first time in seven months during February as buyers took advantage of sharply falling prices.
Home resales rose to a 5.03 million annual rate, a 2.9% increase from January’s [...]

Wake County grows by 38,841 residents in 1 year

From a recent report in the Triangle Business Journal:
Wake County [NC] added 38,841 people in the 12 months ending July 1, 2007, the Census Bureau said Thursday – placing it No. 7 among every county in the country in terms of numerical population growth.
The 4.9 percent growth, to 832,970 people, put Wake among the top [...]

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