New home starts in Real Estate

Today's real estate news gave an idea of regional strength and weakness. The real estate market of the southeast has been somewhat odd in that from state to state there are specific issues that are influencing the new construction industry. In North Carolina there is still a steady growth with respect to projects that were started and now being completed. It is hard to track the number of developments and the stage they are at. The absorption rate stayed in an equilibrium for the growth of our area and the reaction of builders adjusted well for the real estate market. The silver lining is that perhaps there will be the realization of the value of Realtors. The steady growth of both numbers and value of real estate in the triad area of North Carolina is a good example how to ride the challenges of current markets. The great news is that there are many existing homes with owners that will need to sell. Having a consistent inventory of these types of homes on MLS system will encourage buyers to explore the pros and cons beyond just the newness of a new home. The real estate transaction process is becoming more complex and should be boiled down to a clear concise step by step process for customers.

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