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market report: Local Market Improves - 01/02/09 01:03 PM
Our local Real Estate Market has improved over the last few months. I'm not jumping for joy, yet, but we have seen an improvement none the less.
Bargain hunters snatching up foreclosures, home owners who pulled their properties off the market, and buyers starting to enter the market helped shrink out local inventory of available homes for sale to its lowest point since March 2008.
Total listing of homes for sale declined 5.1 percent in December compared to November, according to figures compiled from the Rocky Mount MLS.
Total listings at the end of December are a mere 1 percent higher … (1 comments)
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market report: 10 Real Estate Predictions for 2009 - 12/18/08 06:09 AM
2009 will be a year of more challenges and opportunities. Prepare yourself with these predictions from HGTV's FrontDoor.com Web site.
Sellers will continue to face falling home values in the new year because they'll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes. The Obama administration will act on its plan to crack down on abusive lending practices. Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate's Joint Economic Committee has predicted two million foreclosures in 2009. Banks' … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for November 2008 - 12/09/08 05:49 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1066 properties. This is a decrease of 32 properties, or 2.9%, from 1098 in October. Inventories typically rise in the fall as the number of buyers dwindle heading into the winter.
Newly listed properties totaled 128. This is a decrease of 36 new listings, or 21.9%, from 164 last month.
Sold properties totaled 60. This is a decrease of 28, or 31.8%, from last month's … (0 comments)
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market report: Lowering The Mortgage Rates Isn't The Answer - 12/06/08 02:28 PM
The government continues to say that it has to address the problems in the housing market. According to news reports, the Treasury Department is considering a plan to drive down mortgage rates as low as 4.5% to help stimulate the housing market. "Treasury officials said that the [buydown] plan could be a more effective way to help home owners than focusing solely on borrowers who are struggling to meet their monthly payments," the Washington Post story says. Under the Treasury plan, lenders would sell newly issued mortgage-backed securities to the government provided the interest-rate on the loans collateralizing the securities was … (1 comments)
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market report: Local Inventories Improve - 12/03/08 12:41 PM
Bargain hunters and home owners who pulled their properties off the market hoping for better days down the road helped shrink the inventory of available homes in November for the second month in a row.
Total listing of homes for sale declined 2.9 percent in November compared to October, according to figures compiled from the Rocky Mount MLS.
Total listings at the end of November were less than one percent higher than they were in November 2007 in areas serviced by the Rocky Mount MLS.
Demand for housing slowed in November and pending sales were also down.
Two months do … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for October 2008 - 11/24/08 07:27 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1098 properties. This is a decrease of 56 properties, or 4.9%, from 1154 in September. Inventories typically rise in the fall as the number of buyers dwindle heading into the winter.
Newly listed properties totaled 167. This is a decrease of 29 new listings, or 15%, from 193 last month.
Sold properties totaled 88. This is an increase of 22, or 25%, from last month's … (0 comments)
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market report: Market Statistics for July 2008 - 08/12/08 06:28 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1086 properties. This is an increase of 30 properties, or 2.7%, from 1056 in May. Inventories typically fall this time of year as buyers take advantage of large inventories and the summer moving season. However, this did not happen.
Newly listed properties totaled 178. This is a decrease of 16 new listings, or 8.2%, from 194 last month.
Sold properties totaled 81. This is a decrease … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for June 2008 - 07/15/08 08:21 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1056 properties. This is an increase of 30 properties, or 2.8%, from 1026 in May. Inventories typically fall this time of year as buyers take advantage of large inventories and the summer moving season.
Newly listed properties totaled 194...(read more)
… (0 comments)
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market report: Dramatic Drop in Sales - 07/05/08 04:09 PM
Dramatic Drop in Sales
… (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for May 2008 - 06/17/08 07:41 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1026 properties. This is an increase of 6 properties, or 1%, from 1020 in April. Inventories typically rise this time of year as sellers take advantage of the summer market.
Newly listed properties totaled 222. This is an increase 26 new listings, or 22%, from 196 last month.
Sold properties totaled 95. This is a decrease of 15, or 14%, from last months total of 110 … (0 comments)
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market report: Housing Inventories Hold Steady - 05/14/08 08:49 AM
The supply of homes available for sale in the Rocky Mount Area MLS has held steady for the last five months. Total listing of homes for sale increased 1.1 percent in April compared to March, according to figures compiled from the Rocky Mount Area Association of Realtors Multiple Listing service (RMAAR MLS).
When comparing April 2008 to April 2007 you discover a 3.2% decrease in available residential inventory.
Is this the beginning of a local recovery? I don't know. The factors behind these numbers are that new listings are down as sales continue to slow. Big inventories are persuading sellers to … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for February 2008 - 03/12/08 07:12 AM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1018 properties. This is an increase of 3 properties, or .3%, from 1015 in January. Inventories typically begin to rise after the first of the year as sellers are preparing for the spring market.
Newly listed properties totaled 147. This is a decrease of 53 new listings, or 26%, from 200 last month.
Click Here to view this entire market report.
About the AuthorDavid C. Recker … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for January 2008 - 02/13/08 07:23 AM
Active residential listings totaled 1015 properties. This is an increase of 16 properties, or 1.6%, from 999 in December. Inventories typically begin to rise after the first of the year as sellers are preparing for the spring market.
Newly listed properties totaled 200. This is an increase of 100 new listings, or 50%, from 100 last month...View the entire report by Clicking Here
… (0 comments)
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market report: 2007 Annual Rocky Mount Area Real Estate Market Report - 01/16/08 04:38 PM
In 2007 many things became apparent to me as I continue to work as a Realtor in the local Rocky Mount, North Carolina, area. Many consumers are listening to the National news media about the real estate market and assuming that it is an accurate reflection of what is happening here locally. Nothing could be further from the truth. All real estate is local.
This report focuses on what is happening locally and will hopefully serve to clarify events and reasons for local facts and trends.
Click Here to read this report in it's entirety.
… (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for December 2007 - 01/09/08 08:11 AM
The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 999 properties. This is a decrease of 59 properties, or 6%, from 1058 in November. Inventories typically fall during the winter months because the number of new listings also slows.
Newly listed properties totaled 100. This is a decrease of 25 new listings, or 20%, from 125 … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for November 2007 - 12/12/07 07:32 AM
The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1058 properties. This is an increase of 5 properties, or 0.5%, from 1053 in October. Inventories can rise during the fall and winter months because of slower sales. More...
About the AuthorDavid C. Recker is a Top Producing Realtor Licensed in North Carolina. Dave works … (0 comments)
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market report: Rocky Mount Area Housing Supply - 11/16/07 07:57 AM
All Real Estate Is LocalOne of the key factors experienced Realtors consider when pricing and listing a home is the current housing absorption rate. The absorption rate is critical in determining an areas housing supply because it is based on what is actually happening in the local housing market.
Sellers are bombarded with locally irrelevant information from the various news media. These reports tend to be national, state, or regional in nature. Although it is always good to know and understand what is happening around us, these trends tend to have minimal impact on the local real estate market.
Current Housing … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for October 2007 - 11/14/07 06:40 AM
The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1053 properties. This is an increase of 12 properties, or 2%, from 1041 in September. Inventories can rise during the fall and winter months because of slower sales.
Newly listed properties totaled 195. This is an increase of 1 new listings, or 1%, from 194 last month.
Sold … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for September 2007 - 10/10/07 07:47 AM
The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1041 properties. This is a decrease of 25 properties, or 3%, from 1066 in August. A reduction in available inventory is typical during the fall and winter months.
Newly listed properties totaled 194. This is a decrease of 2 new listings, or 1%, from 196 last month.
Sold properties totaled … (0 comments)
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market report: Rocky Mount, North Carolina Area - Market Statistics for August 2007 - 09/11/07 05:52 AM
The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market.These statistics were gathered from data contained in the local MLS system and prodominatley cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1066 properties. This is an increase of 11 properties, or 2%, from 1055 in July. This is typical for this time of year as sales tend to decline as consumers take final vacations and prepare for the new school year.
Newly listed properties totaled 196. This is an increase of 24 new … (0 comments)
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David Recker
Rocky Mount,
NC
More about me…
Connect Realty - http://www.NCRealEstateWeb.com
Address: 923 Eastern Ave., Nashville, NC, 27856
Office Phone: (252) 442-2687
Cell Phone: (252) 467-3185
Email Me
Commentary, market information, and general musings on topics effecting the Greater Rocky Mount, North Carolina and surrounding areas. Published by David C. Recker, Associate Broker, RE/MAX Classic Realty
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