Low Rates Will Not Revive The Housing Market - 08/18/11 04:13 PM
Clearly, low rates and affordable housing will not revive the condition of the housing market as we know it.  Even the Fed's recent proclamation of low rates for the next two years will not stimulate the housing market.  In a twisted way, it might even reduce the chances of stimulation.
With rates being held at bay and housing prices continuing to decline in some markets and remain level in most others, there is no sense of urgency for buyers to get off of the fence.  Weakened US and world economies and fear of unemployment have led to a negative psychological effect … (3 comments)

Happy First Time Home Buyers - 08/17/11 03:06 PM

I just received this wonderful recommendation from a buyer client/friend/first time home buyer. I just wanted to take a minute to thank her for her kind words. Being able to help put you in this home where you can raise your new child, was my pleasure. You are the epitome of why I got into this business in the first place. Thanks for being so awesome and for sharing these kind thoughts."John was the perfect agent. I could not have asked for anything better. I am a first time home buyer and he was able to answer all my questions … (2 comments)

America's 10 Sickest Housing Markets - 08/09/11 05:44 PM
A recent article was published on TODAY.com regarding housing markets most adversely affected by price decreases, increased vacancies, and the down economy.  The list is as follows (starting with the worst):
Tucson, AZ
Indianapolis, IN
Memphis, TN
Atlanta, GA
Baton Rouge, LA
Dayton, OH
Detroit, MI
Kansas City, MO
St. Louis, MO
Oklahoma City, OK
The data wa sgathered by 24/7 Wall St. via a census of the 75 largest U.S. metro areas.  They ranked the cities with the highest overall vacancy rates for both homeowner vacancy and rental vacancy in the 2Q of 2011.  They then removed the cities on … (5 comments)

From The Watering Hole - 08/08/11 11:40 PM
I'm here at my favorite watering hole again, the Tribeca Tavern in Cary, NC.  No hot leads were found tonight, but I did have the pleasure of meeting two fellow Realtors.  I had the chance to discuss buyers, sellers, and general market conditions.  One is currently going through Buffini training and the other was telling me of how she sort of partnered up with an experienced agent in her office to help get the training and experience necessary to kick start her career.  It reminded me of an article I read that talked about the older Realtors, who are less tech … (3 comments)

I Thought Everyone Knew I Was A Realtor - 08/06/11 03:06 PM
I received a phone call yesterday from a server at my favorite Cary restaurant and she asked me if I had my real estate license yet.  I told her I had and that I was the Realtor that her Manager used to find her townhouse and close on it last month. 
SHAME ON ME!!!  I assumed that because everyone at the restaurant was always asking me about real estate and passing along my business cards, that EVERYONE knew I was a Realtor.  Guess what, this one slipped through the cracks.  Fortunately, her boyfriend (the buyer) is getting qualified next week with a lender … (5 comments)

Forbes Top 25 Suburbs For Retirement - 08/05/11 09:35 AM
I just read the Forbes article of the top 25 suburbs for retirement.  Here is the list (in alphabetical order).  If you're on it, use it in your marketing.
Allen, TX
Beaverton, OR
Brentwood, MO
Broomfield, CO
Cary, NC
Davis, CA
Edmond, OK
Fayetteville, GA
Fishers, IN
Ft. Thomas, KY
Friendswood, TX
Gilbert, AZ
Henderson, NV
Lauderdale, MN
Meridian, ID
Munster, IN
Naperville, IL
Overland Park, KS
Plano, TX
Rio Rancho, NM
Roswell, GA
Smyrna, TN
South Jordan, UT
Tmarac, FL
West Chester, PA
Have a nice weekend!
… (6 comments)

Home Ownership Is Down - When Will It Come Back? - 08/02/11 02:51 PM
I read an article this morning about home ownership across America has declined to 65.9%.  The report went on to predict that that could go as low as 62% by 2015.  Because anything less than 69% is considered "unacceptable" by industry standards, what can be done to reverse this shift?
Obviously, lending standards will have to be loosened a little bit in order to have a positive affect on this trend.  Whether or not that happens is yet to be determined.  Another possibility is one that Io personally have been professing now for months, that is generation Y.
To quote the … (2 comments)

Hey Buyers, You Have To Make An Effort Here - 08/01/11 04:23 PM
I had another interesting encounter in my favorite restaurant over the weekend. 
I was dining with three friends and a waiter friend of mine came up to me and told me that a couple at one of his tables upstairs had just suvived a horrible experience with their Realtor earlier in the day.  He told them I was in the building and that he would go get me to have me talk to them.
I arrived at the table 30 seconds later with business cards in hand.  They explained to me that they were in town from Chicago and were leaving … (4 comments)

 
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John Davison (Raleigh-Cary-Triangle NC)

Cary, NC

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Coldwell Banker

Address: 301 S.E. Maynard Road, Cary, NC, 27511

Office Phone: (919) 449-7721

Cell Phone: (919) 449-7721

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