Thursday, March 21, 2013
Wednesday, March 13, 2013
Triangle home sales up 9.8 percent last month.
Triangle Home Sales Up 9.8 Percent in February
The sun is shining brighter for longer, the birds are chirping a bit louder and people have a renewed spring in their step. And then there's the climate. Home buyers and sellers are readying themselves for an exciting spring market. Buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their home. We've come a long way over the past 12 to 18 months but we're not there yet. Here's how February stacked up.
New Listings in the Triangle region increased 10.3 percent to 3,548. Pending Sales were up 21.6 percent to 2,081. Inventory levels shrank 13.4 percent to 12,804 units.
Prices reached for the clouds. The Median Sales Price increased 4.6 percent to $182,000. Days on Market was down 11.1 percent to 119 days. Absorption rates improved as Months Supply of Inventory was down 28.4 percent to 6.3 months.
A few consumers may feel less confident due to Washington's latest self-inflicted crisis. Others would advise not to read the news in the first place. The fact is, the economy continues to grow, but at a snail's pace. Sequestration is more of a nuisance than a real threat to recovery; and there's significant pent–up demand from renters, first-timers, parental basement dwellers and investors to counteract it.
Credit: TMLS
We are feeling this increase in activity with both our buyers and our sellers. Now is the perfect time to buy or sell!
The sun is shining brighter for longer, the birds are chirping a bit louder and people have a renewed spring in their step. And then there's the climate. Home buyers and sellers are readying themselves for an exciting spring market. Buyers are motivated by an attractive affordability environment, while more and more sellers are receiving near top dollar for their home. We've come a long way over the past 12 to 18 months but we're not there yet. Here's how February stacked up.
New Listings in the Triangle region increased 10.3 percent to 3,548. Pending Sales were up 21.6 percent to 2,081. Inventory levels shrank 13.4 percent to 12,804 units.
Prices reached for the clouds. The Median Sales Price increased 4.6 percent to $182,000. Days on Market was down 11.1 percent to 119 days. Absorption rates improved as Months Supply of Inventory was down 28.4 percent to 6.3 months.
A few consumers may feel less confident due to Washington's latest self-inflicted crisis. Others would advise not to read the news in the first place. The fact is, the economy continues to grow, but at a snail's pace. Sequestration is more of a nuisance than a real threat to recovery; and there's significant pent–up demand from renters, first-timers, parental basement dwellers and investors to counteract it.
Credit: TMLS
We are feeling this increase in activity with both our buyers and our sellers. Now is the perfect time to buy or sell!
Thursday, March 7, 2013
More jobs are coming to Cary and Charlotte!
Met-Life is hiring for jobs in Cary & Charlotte!
http://www.newsobserver.com/2013/03/07/2732748/metlife-to-add-2622-jobs-in-cary.html#emlnl=Breaking_News
http://www.newsobserver.com/2013/03/07/2732748/metlife-to-add-2622-jobs-in-cary.html#emlnl=Breaking_News
Tuesday, March 5, 2013
Raleigh made it to the top of Forbes' best again!
Raleigh is known as the ""City of Oaks"" for its many oak trees. The capital city is part of North Carolina's Research Triangle, one of the country's largest and most successful research parks and a major center in the U.S. for high-tech and biotech research. The surrounding area is home to a number of colleges and universities including Duke University, North Carolina State, University of North Carolina at Chapel Hill and Wake Forest University. These schools have a notable economic impact on the area. The North Carolina Museum of Art, occupying a large suburban campus on Blue Ridge Road near the North Carolina State Fairgrounds, maintains one of the premier public art collections located between Washington, D.C., and Atlanta.
http://www.forbes.com/places/nc/raleigh/
http://www.forbes.com/places/nc/raleigh/
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