Merry Christmas To AllHome Buyers in The Triad of North Carolina 

 

Merry Christmas to all Home Buyers in The Triad of NC and to all a good night.  This is theMerry Christmas Home Buyers line that pops in my mind as I think of the present buyers market and all the favorable situations that welcome home buyers at this moment.  

 

For starters the interest rates are still historically low.  I personally had a buyer last week lock in a fixed rate of 3.75% on a 30 year mortgage.  This is their first home!  I was happy for the double digit percentage interest rate that I received decades ago when I bought my first home.  

 

Unfortunately the next part of this blessed situation is that the inventory of homes is still high.  The inventory directly affects the price and strength or weakness of the housing market.  If the inventory (amount of homes that are for sale) is high then following traditional economic theory the demand is low since there is so much to chose from.  However,  The inventory level of homes for sale in the Triad of NC is dropping.  In the last year the inventory level has dropped by a third.  There are news stories of builders switching from building new homes to building apartment buildings.  So as the homes being sold are not replaced and there is not as much new construction coming onto the market the inventory will continue to fall.  When the inventory reaches a level of six months the housing market in the Triad will begin to turn to a seller’s market and prices will start to rise.  Now all indicators are leading towards this eventually coming to pass.  There are no guarantees and frankly I personally threw out my crystal ball years ago.  So while all we can see is the present and now is a very good time to buy a home. 

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The Author:

Larry is a Greensboro Residential Broker, Certified Relocation Specialist, luxury homes and farm/land specialist,  and certified in Short Sales and Foreclosure homes, SFR, SRES & CHMS who can assist you with the purchase and/or sale of real estate in the Piedmont Triad Area that include but, not limited to Greensboro, Summerfield, Oak Ridge, High Point, and Winston Salem, North Carolina.  If you’re relocating to or from any other area of the country, Larry connects you with a member of our national team of relocation specialist in your destination or exit city of choice.  The destination service is of no cost to you!  As your Personal Concierge Realtor Larry provides customer service that is equal to none.  Your complete happiness is our top priority!  Larry Story — Total Care Realty, LLC — 336-327-1841 also at  http://totalcarerealty.net

Copyright© 2010 By Larry Story, All Rights Reserved…

 

 

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Mortgage Assistance Relief Services Disclosure

FTC effective January 31, 2011

As a seller you may stop doing business with Total Care Realty at any time.  You may accept or reject the offer of mortgage assistance we obtain from your lender (or servicer).  If you reject the offer, you do not have to pay us.  If you accept the offer, our commission will be deducted from the proceeds of the sale their will be no additional fee to you for our services.  Total Care Realty, LLC is not associated with the government, and our service is not approved by the government or your lender.  Even if you accept this offer and use our service, your lender may not agree to change your loan.  If you stop paying your mortgage, you could lose your home and damage your credit rating. 

 

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