price: A contratrian view on home prices - 08/03/08 02:46 PM
There has been some discussion on a forum that I frequest about house prices needing to come down on the Crystal Coast.
It is an easy argument, prices need to come down so sales will come up.  Unfortunately the logic is probably wrong.
To start with if lower prices were the answer, then why does the data show the most houses being sold in 2005 when the average price was the highest.
Unfortunately pricing is only part of our problem and then only in relation to value.  I have seen builders struggle trying to awaken buyers with lower prices.  We now … (0 comments)

price: Your home is not a bank certificate of deposit - 04/21/08 01:36 PM
We live in an absolutely gorgeous area.  I feel wonderfully blessed to be in this part of the Southern Outer Banks.
Unfortunately even the pristine waters, fantastic climate, low taxes, wonderful places to visit, and friendly people cannot protect your home from a real estate slump.
Like many areas we have been struggling with homes that cannot find buyers or buyers that will not pay as much as the owners want for their properties.
I have spent a lot of time studying figures and providing information to people about the properties which are actually selling.  Those properties are the ones which are establishing market … (1 comments)