market trends: Do You Think The Weather Affects Your Business?
- 11/25/13 09:54 AM
Do You Think The Weather Affects Your Business?
OK, surprise I am not talking about the short term where you cannot go out and show a home because it is raining. I am speaking BIG PICTURE global situation. Let’s look at some facts and then examine a small snapshot of the last two weeks.
The last two / three years the winters have been milder then normal
The market has been over-inflated and we have been recovering.
This winter is supposed to be a hard, cold winter.
… (5 comments)
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market trends: Market Flush Do I See The End in Sight, Has NC Turned The Corner?
- 11/09/11 04:05 PM
Market Flush Do I see the End in Sight, Has NC Turned The Corner?
In today's real estate market when the inventory of homes for sale goes down that means that demand will go up. Now with a lot of buyers out there of both investors and homeowners looking for deals the amount of foreclosures is dwindling. Foreclosure filings in North Carolina were down 23% through the first 10 months of 2011. Many people had thought that foreclosure filings would spike after all of the controversy over the foreclosure documentation.
The foreclosure filing is the very beginning of … (1 comments)
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market trends: Sneak Peek at Triad of NC 2010 Market Report And Jobs
- 11/02/11 04:47 PM
Sneak Peek at Triad of NC 2010 Market Report
I recently attended a meeting at the Greensboro Regional Realtor's Association. Our guest speaker was Dr. Don Jud of Jud and Associates. Dr. Jud is an emeritus professor in the Bryan School of Business and Economics at UNCG.
To sum it up briefly the market is IMPROVING!
Yes you heard me improving. While it has not maybe translated to your everyday person selling their home the signs are starting to be noticed. For instance: Last year in 2010 at this time our absorption rate was 15.7 months. To explain the … (0 comments)
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market trends: Slow Market Where is That?
- 10/26/11 04:58 PM
Slow Market Where is That?
Here in Greensboro, NC personally I am very busy. I have gotten NINE new buyers in the last two weeks. Of those nine buyers in the last two days I have written three offers. We are still negotiating on all three. I am going out tomorrow with another one of the nine to pick the home they want to put an offer on. It is without a doubt a good time to buy in regards to the mortgage industry. Many home prices are way down because of the present market also. I also have … (9 comments)
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market trends: Lake Daniel Market Report For Jan 2011 in Greensboro NC
- 02/03/11 08:23 AM
Lake Daniel Market Report for January 2011 in Greensboro NC
Lake Daniel is one of Greensboro's sought after neighborhoods. A collection of single family homes that started out as small bungalows. Many of those have now been renovated to make a wonderful little bedroom community. One of those neighborhoods where you can see everyone walking their pets, pushing baby strollers, or just taking a peaceful walk and saying hello to all their neighbors as they pass on by.
… (2 comments)
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market trends: Showing Activity Increasing in Greensboro, North Carolina
- 10/26/10 03:54 PM
Showing Activity Increasing in Greensboro, North Carolina
I would like to hear from everyone else as to what is happening in your regional markets. I was just discussing with a seller client that in the last two weeks the number of showings for homes over $200,000 has increased dramatically. Where in September I also noticed a drop in showings for the same price range it is now like the reverse has happened. I had to call one of my new agents to go open a home for some that just called off the sign. Not only did the like the home … (2 comments)
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market trends: U.S. Home sales down 6.1% BUT the TRIAD home sales are UP 4% in NC
- 02/24/10 01:19 PM
U.S. Home sales down 6.1% BUT the TRIAD home sales are UP 4% in NC. OK so the numbers are in. The US Census Bureau has reported that new home sales are down 6.1% from January of 2009. They further said that the Western part of the country did better then the rest. The West turned in a whopping increase of 13.8% over the same time last year. The Midwest reported a modest gain of 2.1%. While in the total area of the South they had a decline of 9.5% and the unfortunate region was the Northeast being repeatedly slammed with … (1 comments)
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market trends: Greensboro, NC home Sales JUMP by 70%!
- 12/11/09 12:41 PM
Greensboro, NC home Sales JUMP by 70%. According to the Triad area MLS the sale of existing single-family homes went up by 70%. A total of 515 homes were sold in November in Greensboro, NC. In 2008 the same month only 303 homes were sold. The average price of those homes also went up slightly from Octobers average of $149,582 to $150,135. The biggest rise was from November 2008 average of $128,269 to this years average of $150,135. I do know that personally my first time home buyers did step up to the plate and either bought a home or tried … (5 comments)
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market trends: Definite Positive Trends in Greensboro, NC real estate market
- 08/18/09 02:12 AM
While many of the leading market indicators have been showing more and more signs of promise here in Greensboro, North Carolina the last month of July all three numbers are positive! The Triad of North Carolina as a whole is turning the corner. I have been tracking the numbers and while the number of residential units sold have been climbing all spring as they normally would they actually dipped a little in July. The positive about this is that the average sale price of those units sold jumped significantly! To refer back to my previous blog about a Trickle Up economy … (2 comments)
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market trends: Trickle Up Economy on the way in Greensboro, North Carolina!
- 08/16/09 02:05 PM
OK just wanting to verify that anyone else is noticing what is happening here in the Triad of North Carolina. I have been tracking the real estate sales numbers this year and while the volume of sales have fluctuated and actually been climbing the most interesting part is that the average sales price has been moving upward. Our trickle up has been that the First Time Home Buyers tax credit is actually doing its job. For those that have the foresight to look ahead there are of course all those sellers out there that have put their first home up for sale. … (6 comments)
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market trends: So are you seeing results from you internet presence?
- 07/06/09 02:59 PM
I have been reaping the rewards for sometime now. I was reminded of that yesterday when someone called me and simply said she found my profile on Trulia and needs me to sell her home for her. I told her I would look into the facts and called her back and said yes. I am going to view the home tomorrow and I will have it in MLS this week. I routinely get calls about Active Rain (but who doesn't?) asking for advice and questions about the area. I just closed a listing last month from an Active Rain. Same thing … (6 comments)
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market trends: ARE YOU READY FOR THE RUSH! Part II As the Market Turns in Greensboro, North Carolina!
- 04/05/09 04:01 AM
After Lenn Harley'scomment on Part I of this topic I decided to do more digging. It seems that after getting some information from builders on the new construction market I decided to dig into the "Big Picture".
Well, we are definitely turning the corner considering that last year we got up to 12 months of inventory on hand going by our absorption rate. Just looking at our gross numbers across the Triad of North Carolina I definitely believe that the window of opportunity for a "Buyer's Market" is definitely starting to close. No matter what the media says the numbers don't … (5 comments)
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market trends: Are You Ready for the RUSH! Greensboro, NC's market is starting to turn!
- 04/04/09 03:20 PM
I have been working with multiple buyers in the $400,000 to $500,000 range. We have been looking at new construction because let's face it we all think it is still a buyer's market right? We put in one offer on a home that the custom builder had four properties when we started looking at one. When we went to put in the offer they had contracts on three of the four homes (IN THE SPACE OF TWO WEEKS!) I also have been keeping tabs on the other markets I have a client that she and her husband are getting their home ready for me to … (4 comments)
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market trends: I feel a NEW Market coming!
- 03/31/09 02:43 PM
For the second time in less then thirty days I have multiple offers on one of my listings. I am also seeing builders not budging off of their homes. One builder had four homes listed two weeks ago. My buyers submitted an offer on the low side but he it's a "buyers market" right. Well you know a builder is not going to be hungry if in two weeks time he has three contracts on four of his homes. There are alot of buyers out there that have been searching for some time now. With the interest rates holding below 5%. … (8 comments)
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market trends: New Industry still on track despite economy in Greensboro, NC
- 02/17/09 09:26 AM
Honda Aircraft Company is still on track to begin production and continue hiring. Hondajet is one of our new industries here in the Triad and already employs 400 people here in Greensboro. According to an article in the business journal and straight from the Senior Manager for Corporate Affairs they are are set to begin production of the HondaJet in 2010. They predict they will produce anywhere from 80 to 100 planes per year at the Greensboro, North Carolina facility. They also predict they will employ another 200 employees to bring the level to 600 before beginning production. So take a … (2 comments)
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market trends: Government vs Capitalism who will win.
- 02/03/09 12:42 PM
We seem to be our own worst enemies at times. Unfortunately, some of the government policies are contrary to basic business policies. If we continue to tax our businesses they will continue to trim their own costs. One basic fact of business is that one of the biggest and fastest way to cut costs is to cut labor. Now your basic business planning is to staff for the business you want not what you have. In an economy where there is hope of business improving an not going down you can do that. Otherwise you must trim the fat and sometimes unfortunately … (0 comments)
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market trends: How Many more reasons do our Buyers need?!
- 01/30/09 01:13 AM
OK we have discussed the historically low interest rates to death. We have also covered over and over the fact that this is definitely a buyers market. Now the Stimulus Plan that the legislature is voting on has a clause in it that will make the $7,500 tax credit a gift not a loan! While I am not in favor of this whole plan I guess if there is what you might call a silver lining that is it. Our NAR has fought very hard for it so if and when it does go through that is the one part I … (6 comments)
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market trends: Buyers Beware don't be left behind on this once in a lifetime opportunity!
- 01/22/09 07:14 AM
I have read several posts lately from around the country that testify to the fact that more and more buyers are missing out on potential deals. Because they are dragging their feet. I had one just last week. We found a house, a great deal almost $40,000 below tax value. No real repairs to be done except paint and carpet. He was supposed to come and sign Thursday and then Friday. Well then finally came in Monday, well when he got here in the morning to sign first thing I go to look and it is under contract. I have recently seen … (4 comments)
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market trends: Raining Business! How's the business weather with you?
- 01/16/09 12:15 AM
I don't know about the business weather where you are but, I know yesterday it felt like the proverbial heavens opened up and the business just fell like Rain! I will admit that the day did start off good. I had a showing with an investor first thing. We met and as soon as I saw it I knew he would want this one. You know the diamond in the rough. A foreclosure that had a tax value of $131,000 and a list price of $85,000! Plus there is nothing really wrong with the home. So now I had an … (8 comments)
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market trends: Market turnaround Everything will be fine in 2009!
- 01/01/09 01:17 PM
So I have been contacted and am now going to listing interview after listing interview. I made a business decision last year as we noticed the shift in trends to be more advantageous for the buyer versus the seller. So now as some people are thinking the same way as I am. I am speaking of the fact that with the high inventory of available homes still high and the historically low interest rates I am of the opinion that the market should start to turn within the next six months. I have personally already started to see signs of this … (2 comments)
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Do You Think The Weather Affects Your Business?
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