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market conditions: Housing Affordability Rises to Record Levels - 05/30/11 07:15 PM
Housing Affordability Rises to Record Levels
RISMedia, May 28 2011-Nationwide housing affordability during the first quarter of 2011 rose to its highest level in the more than 20 years it has been measured, according to National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI) data released recently.
The HOI indicated that 74.6 percent of all new and existing homes sold in the first quarter of 2011 were affordable to families earning the national median income of $64,400. This eclipsed the previous high of 73.9 percent set during the fourth quarter of 2010 and marked the ninth consecutive quarter that the … (2 comments)
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market conditions: Real Estate Deep Dive: Raleigh, NC - 04/09/11 02:58 PM
Real Estate Deep Dive: Raleigh, NC
By Greg Rand
April 8, 2011-In our last installment, we talked about the Las Vegas market and likened it to investing in stock options - volatile and risky, but with incredible upside potential. Not for the faint of heart. Today we go to the other side of the spectrum. The Blue Chip market of Raleigh-Durham, North Carolina - stable, reliable, with very attractive fundamentals. First let's look at the "what," and then we'll dig into the "why."
Raleigh is located in northern-central North Carolina. Its housing market defies the real estate "meltdown" we all hear … (1 comments)
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market conditions: RE/MAX Leader Dave Liniger Sees End of Housing Crisis - 03/13/11 11:16 AM
RE/MAX Leader Dave Liniger Sees End of Housing Crisis
RISMEDIA, March 10, 2011-RE/MAX Chairman and Co-Founder Dave Liniger told a gathering of more than 5,000 real estate agents that the worst of the housing crisis has passed. At the annual convention of the global real estate franchisor, Liniger said that the industry must continue to pursue the training that will help homeowners in distress, but should also start planning for a post-crisis environment.
"There will be more foreclosures this year, but the worst is behind us and we need to turn our focus to the future," said Liniger. "The housing recovery … (2 comments)
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market conditions: Economy Embarking on Period of Expansion - 02/28/11 09:18 AM
Economy Embarking on Period of Expansion, According to Fannie Mae's Economic & Mortgage Market Analysis Group
RISMEDIA, February 28, 2011-Continued improvements in economic activity driven by strong growth in consumer spending are moving the economy beyond the recovery phase and into a period of expansion, according to the February 2011 Economic Outlook released by Fannie Mae's Economics & Mortgage Market Analysis Group. For 2011, economic growth is projected to accelerate to 3.7%, up from 2.8% economic growth in 2010.
Housing has yet to see robust movement and continues to lag the rest of the economy, according to the group. On the … (0 comments)
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market conditions: Selling Your House? 5 Reasons to Do It NOW! - 02/16/11 05:14 PM
Selling Your House? 5 Reasons to Do It NOW!
by The KCM Crew on February 15, 2011
The conventional wisdom when selling a home has always been to wait until the ‘Spring Buying Season'. Over the years, that has seemed to make sense and is now accepted as a good strategy for those who want to sell their house and receive the best possible price. This real estate market has shattered many previously held beliefs. The wisdom of waiting for a spring market is another belief that is about to fall. Here are five reasons why?
1.) Interest Rates Are On the … (1 comments)
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market conditions: Real Estate Marking Strategies: Tips to Find Success in Today's Real Estate Market - 02/12/11 10:18 AM
Real Estate Marking Strategies: Tips to Find Success in Today's Real Estate Market
By Dr. Maya Bailey
RISMEDIA, February 12, 2011-Have you ever wondered why some real estate agents do well in today's economy while others fail? There is a huge discrepancy right now between people who are failing and people who are succeeding.
Having been a real estate business coach for the past 14-plus years, I've had the privilege to observe how real estate agents function. And this experience has included new agents and seasoned agents, and the experience of watching them function through hard times and good times. In … (3 comments)
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market conditions: Fed Not Ready to Curb Stimulus Measures, Bernanke Says - 02/07/11 09:26 AM
Fed Not Ready to Curb Stimulus Measures, Bernanke Says
By Jim Puzzanghera
RISMEDIA, February 7, 2011-(MCT)-Federal Reserve Chairman Ben Bernanke won't pull back the central bank's easy money policies any time soon, even as the government is expected to report positive job growth.
"Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established," Bernanke said. And though the economic recovery "appears to have strengthened in recent months," that growth isn't happening fast enough, he said.
That should be clear as the government is expected to announce that the economy created about 140,000 … (1 comments)
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market conditions: U.S. Housing Starts in August Topped Forecasts - 09/24/10 09:15 AM
U.S. Housing Starts in August Topped Forecasts
Housing starts in the United States increased more than expected in August to their highest level in four months and permits for residential construction also rose, government data showed on Tuesday, suggesting that the embattled market was starting to stabilize following the end of a tax credit. The Commerce Department said housing starts rose 10.5 percent, the largest increase since November, to a seasonally adjusted annual rate of 598,000 units. July's residential construction was revised down to show a 0.4 percent gain, which was previously reported as a 1.7 percent increase. New building permits … (1 comments)
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market conditions: Raleigh-Cary Named Top City for Appreciation - 09/16/10 10:44 AM
Raleigh-Cary Named Top City for Appreciation
Forbes magazine turned to real estate research firm Local Market Monitor to figure out which markets have the greatest likelihood of price appreciation because they offer a mix of jobs weighted toward growth industries. These are the top markets, the research company concludes: 1. Raleigh-Cary, N.C. 2. McAllen-Edinburg-Mission, Texas 3. Austin-Round Rock, Texas 4. Nashville-Davidson-Murfreesboro-Franklin, Tenn. 5. San Antonio, Texas 6. Colorado Springs, Colo. 7. Albuquerque, N.M. 8. Denver-Aurora-Broomfield, Colo. 9. Springfield, Mo. 10. Indianapolis-Carmel, Ind. Source: NAR
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market conditions: Economy's Looking Up for Now as Double-Dip Fears Ease - 09/09/10 07:58 AM
Economy's Looking Up for Now as Double-Dip Fears Ease
A steady flow of not-entirely-terrible economic news has eased worries of a renewed recession and shifted the political spotlight from the Federal Reserve to the White House. "The August data we've been getting has been encouraging. ... It's very likely that the economy continues to move forward in the coming months," said economist Bruce Kasman of J.P. Morgan. The economic news increasingly has a bipolar cast to it. One day, a downward revision to the second-quarter growth rate makes a double-dip recession look like a real threat. The next, a … (3 comments)
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market conditions: FHA Gives Home Buyers One-Month Window - 09/01/10 09:27 AM
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market conditions: N.C. Has 2nd Lowest Mortgage Closing Costs - 08/18/10 08:42 AM
North Carolina boasts the second lowest mortgage closing costs in the United States, says a survey released Monday by Bankrate.com. The study found that on a $200,000 loan, North Carolina homebuyers pay an average of $3,255 in closing costs - $1,476 in origination fees charged by the lender and $1,779 in average title and third-party fees. North Carolina, Arkansas and Iowa are the only three states with average closing costs at least 25 percent below the national average of $3,741. Closing costs in New York easily are the country's highest, at $5,623. Texas is second, at $4,708, followed by Utah. Source: … (1 comments)
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market conditions: Is It the Heat? - 08/05/10 04:52 PM
It must be the heat that is keeping some buyers at home and not looking at the abundance of great houses for sale at ridiculously low prices in Raleigh and the rest of the Triangle cities and towns. If you are capable of buying a home to live in or buying one as an investment, exactly what are you waiting for?? Insterest rates are the lowest that they have ever been and our market is full of homes for sale that are below market pricing on foreclosures, short sales, and other highly motivated sellers. Sales are good, but they should be breaking records. … (1 comments)
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market conditions: Housing Starts Maintain Upward Trend in March 2010 - 04/20/10 07:34 AM
Housing Starts Maintain Upward Trend in March 2010
By Greg Robb
RISMEDIA, April 20, 2010-(MCT)-Fresh data on new construction of U.S. housing units revealed an upward trend in place since the beginning of the year, with an initial report of February 2010 weakness revised away.
Starts rose 1.6% in March to a seasonally adjusted 626,000 annualized units, the Commerce Department recently reported. This was stronger than the 610,000 pace expected by economists surveyed by MarketWatch.
Even more surprising, February starts were revised higher to a 616,000 pace from the 570,000 previously reported. This was up 1.1% from the prior month. The … (1 comments)
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market conditions: National Brokerage Surveys Place RE/MAX on Top - 04/19/10 08:41 AM
RISMEDIA, April 19, 2010-Two surveys of elite real estate brokerages indicate that in 2009, RE/MAX significantly outperformed its national competitors. RISMedia's 2010 Power Broker Report & Survey ranked 69 RE/MAX brokerages among their Top 300, representing 23% of all ranked brokerages. This showing placed RE/MAX 47% higher than its closest competitor. In the REAL Trends 500 survey, 122 RE/MAX brokerages earned a ranking, giving RE/MAX 24% of the top 500 brokerages in the U.S.
"We are so proud of our sales associates for earning such an impressive distinction, especially considering how difficult today's market is," says Margaret Kelly, CEO of … (2 comments)
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market conditions: Are You Staged to Sell? 5 Ways to Get Results - 04/06/10 07:07 AM
Are You Staged to Sell? 5 Ways to Get Results
By Margaret KellyRISMEDIA, April 6, 2010-Real estate is, as always, a sound long-term investment--and I mean that for careers as much as for consumers.The key word, however, is "investment."If you're motivated and have the right attitude, you'll earn your share of those sales.To get the results you're looking for, it's critical first to evaluate whether the time and money you're spending is being spent wisely.Remove the clutter. Cut costs and tasks that aren't about putting you in front of clients. Evaluate every line item in your budget and ask yourself … (0 comments)
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market conditions: Majority of Young Adults Concerned about Paying Bills and Meeting Obligations - 03/11/10 06:04 AM
RISMEDIA, March 11, 2010-A new national poll of America's 18-29 year-olds by Harvard's Institute of Politics (IOP), located at the John F. Kennedy School of Government, finds that six in ten (60%) are concerned about meeting their current bills and obligations and almost half (45%) report that their personal financial situation is bad. Among America's undergraduate population, 45% are concerned about their ability to stay in college given the state of the economy.
[[The poll also finds young Republicans are showing more enthusiasm than young Democrats for participating in the upcoming midterm elections with 41% of Republicans planning on voting, … (3 comments)
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market conditions: RE/MAX Network Continues Expansion - 01/29/10 07:19 AM
RISMEDIA, January 29, 2010-Even in a year when the real estate industry continued to feel the effects of a recession, RE/MAX International, Inc. sold 630 franchises worldwide, while extending its global presence into eight new countries, the company has announced. In North America, several former competitors joined the RE/MAX Network, bringing with them more than 650 individual sales associates.
"We continue to sell franchises in this economy, because RE/MAX offers the best value in the marketplace," said Vinnie Tracey, President, RE/MAX International Inc. "By joining RE/MAX, our new franchisees and our former competitors know they're getting the power of a … (2 comments)
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market conditions: Triangle housing market turns corner, with October sales up 17.6% - 11/23/09 01:48 PM
Triangle Housing Market Turns Corner, with October Sales up 17.6%
Triangle Business Journal-by Amanda Jones Hoyle
For the first time in more than a year, the Triangle residential market made a monthly gain in the number of homes sold, with 17.6 percent more homes sold during October compared to the year prior,
Market watchers say the data signifies a major turning point in the local housing economy.
In the Triangle, 2,009 homes were sold in October compared to 1,709 homes sold the same month the year prior, according to Triangle Multiple Listing Service. Triangle MLS tracks new and existing … (1 comments)
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market conditions: Pending Home Sales Rise 6.1% in September - 11/17/09 06:46 AM
Pending Home Sales Rise 6.1% in September By Ken Sweet FOXBusiness The number of contracts signed for home purchases jumped for the eighth consecutive month in September, the National Association of Realtors said Monday, as home buyers moved quickly to take advantage of the first-time home buyer’s tax credit. According to NAR, the industry group’s pending home sales index rose 6.1% in September, compared with the 0.1% fall in the index that economists were expecting. Pending home sale activity is now 21.2% higher than it was a year ago, NAR said, making it the largest annual increase in pending home sales … (0 comments)
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Grayson Hodge
Raleigh,
NC
More about me…
RE/MAX Preferred Associates
Address: 7101 Creedmoor Road, Suite 115, Raleigh, NC, 27613
Office Phone: (919) 676-9766
Cell Phone: (919) 247-0477
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