Archive for Real Estate News

Outstanding weather for Raleigh home buyers this weekend

We did 2 open houses this weekend in Garner and in Raleigh… the weather was awesome! We had a great day at Southerby Bluffs on Saturday and had several visitors tour the new townhouses. On Sunday we held our listing at 8741 Camden Park Drive open, but only had 1 visitor… Each weekend is hit [...]

Bank of America forecloses on wrong home

This is probably the craziest thing I have ever read:
Lawyers for owners of a mortgage-free Florida home that Bank of America attempted to foreclose on are bringing an arsenal of legal claims against the banking giant, ranging from obvious claims like conversion and trespass to more unexpected ones like defamation and libel.
This does not pertain [...]

How does Raleigh housing compare to boom markets?

Raleigh has taken some lumps during the real estate downtown but as you can see in the graph below, our pricing has outperformed the US average, Atlanta and the boom markets of Orlando, FL and Phoenix, AZ. I included Atlanta because of their explosive growth and the fact that they are a leading southern city. I included [...]

Zillow cheif economist speaks about new home buyer tax credit changes

Did you know that on-line home valuation monster Zillow.com has a chief economist? I like that they do because I feel opinions like his are market driven and not reports written for stock analysts.
Read New Homebuyer Tax Credit Proposal: Impact on the Housing Market by Stan Humphries. In his post he writes “Until now, we’ve [...]

Homebuyer Tax Credit Extension Passes U.S. House and Awaits President’s Signature

I received this by e-mail earlier today:
Stay tuned for official word from NAR but the bill including the homebuyer tax credit extension and expansion passed the House by a vote of 403-12 after passing the Senate last night 98-0. This is great news for our market.  This will certainly help get buyers off the fence!
Thank [...]

Pending home sales on the rise

Raleigh area builders I am seeing succeed now are those that have adjusted their pricing to entice the hottest pool of existing buyers, first timers.

Homebuyer tax credit extension near reality

According to a report later yesterday from the Wall Street Journal, members of the Senate have reached a tentative agreement to extend the first time buyer tax credit April 30, 2010

New homes sales down, inventories still shrink

Sales of newly built single-family homes fell 3.6 percent from August to September to a seasonally adjusted annual rate of 402,000, according to a report from the Census Bureau today.

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