buyers: Prediction: Top Cities Primed For Appreciation In 2012 - 01/03/12 02:30 PM
According to HousingPredictor, Kansas City tops the list of cities primed to experience housing appreciation in 2012.  Citing the boom in farm prices, several cities in the midwest help fill the list.  If you're selling real estate in any of these areas, your buyers and sellers could be at the forefront of the recovery curve as we will come to love and know it.  The link to the article is below.
http://realtormag.realtor.org/daily-news/2012/01/03/several-housing-markets-head-for-appreciation-in-2012
(3 comments)

buyers: I'm On A Soap Box and I'm Talking To YOU! - 12/30/11 03:04 AM
I just read this article about the recent settlement against Countrywide and it got me to thinking.  I know that greed and immorality and unethical behavior is what drove the market and caused the crisis that we are currently enduring.  Nothing can change history and eventually we will recover.  It's like I tell the kids on my little league team, it's not the error that you focus on, it's taking every measure necessary to prepare yourself to not make the same error again that counts.  In that same vein, it amazes me just how many Realtors don't quite seem to be … (3 comments)

buyers: Safest Places To Live - 12/29/11 04:25 AM
A recent study by the Farmers Insurance Group Companies lists the ten safest places to live in America, broken into two categories, populations over 500,000 and populations between 150,000 and 500,000.  Whether it's buyers or sellers that you're working with, if your market is on either one of the lists, use it to your marketing advantage.  The link to the article is listed below.
http://realtormag.realtor.org/daily-news/2011/12/28/safest-places-live
(0 comments)

buyers: Where You Can Find The Cheapest Housing In The Country - 12/28/11 04:34 AM
Every day I read to stay informed about our real estate market.  It is always helpful to be able to convey select information to prospects and clients in whatever way possible to support a point or position.  I read the following article this morning and couldn't help wondering why real estate data is alwsays compared on a year over year basis.  We say that real estate is a long term investment, yet articles continue to compare data to the previous year.  Why do they not compare to five years ago or ten years ago?  Year over year stats don't put anything … (1 comments)

buyers: When Will We Hit The Bottom? - 12/27/11 12:03 AM
I'm often asked when I think the real estate recovery will happen.  Buyers ansd sellers alike asking, "when will we hit the bottom?"  I know it's rude to answer a question with a question, but my response is always the same, "do you want to buy or sell right now?" 
If the answer is "yes", then it doesn't really matter when the market actually "bottoms out" because the buyer or seller has an immediate need.  If the answer is "no", then I can conservatively prognosticate and often find myself telling the inquierer that we should see nationwide stability within 8 to … (4 comments)

buyers: Home Buyer Myths - 11/02/11 10:35 AM
I recently read an article regarding five common myths held to be true by home buyers.  Let me preface this with two bits of information, (1) the survey was conducted by Zillow and (2) the sample size was 1,000 home buyers.  The five areas used for the basis of the survey were appreciation, mortgage insurance, appraisals, homeowners insurance and ownership.
Regarding appreciation, I was shocked by the number of individuals who honestly thought that their homes were going to appreciate by 7% a year, especially given the current state of the market.  I suppose that is fuedled by the notion that, … (0 comments)

buyers: Low Rates Will Not Revive The Housing Market - 08/18/11 09:13 AM
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)

buyers: Where Were You At Midnight Last Night? - 07/23/11 09:01 AM
I had just finished dinner and was having my usual drink (root beer!) in the bar of the restaurant with a few friends.  The bartender, knowing me and knowing what I do for a living, asked me if I had a business card.  Of course, I obliged.
He introduced me to a couple from California who had recently been relocated to NC and were currently in a rental.  I discovered that they had a home in CA that they were going to rent and that they really wanted to become homeowners here in NC within the next year.
One thing led … (6 comments)

buyers: Are Sellers Overpricing Homes? - 07/22/11 04:39 AM
A recent Zillow study of one million homes currently on the market for sale, shows that, on average, homes purchased before 2002 were overpriced by an average of 11.6%, homes purchased between 2002 and 2006 were overpriced by an average of 9.3% and home purchased since 2007 were overpriced by an average of 14%.
Putting all of the numbers aside, the reason I wrote this today was to express a thought about something that seemed to be left out of the article.  The sellers did not overprice their homes at all.  The Realtors overpriced the homes. 
It is time to put … (1 comments)

buyers: Where To Find Buyers - 07/21/11 03:54 AM
It's a question we ask ourselves every day.  Maybe this is one of the answers.  It certainly makes sense.  Since I'm building my business with a long range frame of mind, I am thinking it would make sense to break Gen Y into four categories: (1) the 15-18 year old high school group, (2) the 19-22 year old college age group, (3) the post college age first time home buyer group, (4) and the post college age moving up to a larger home buyer group.  I'll probably attack it from that perspective and try to capture prospects and plant a lot … (5 comments)

buyers: America's Best Cities For Young Professionals - 07/16/11 02:45 AM
According to a recent Forbes magazine article, the following is a list of the best cities for young professionals.  The criteria for determining this list was a blending of several factors: (1) local unemployment rates, (2) 2010 to 2012 job growth projections provided by Moody's Economy.com; (3) Census Bureau data on the number of small businesses (defined as less than 500 employees) per capita, as well as the number of large businesses; (4) the median salaries for 24- to 34-year-old employed college graduates, provided by PayScale.com; (5) Moody's cost-of living index, to gauge how far those paychecks will go; and (6) the … (3 comments)

buyers: Diary of A Dedicated Realtor #6 - 07/10/11 02:50 AM
OK, so I gave up on trying to write daily installments into my diary.  Instead, I am writing random passages which will summarize my activities since my last installment.
So, since June 25 I have sent out 10 hand written notes, made 8 phone calls to people in my database, conducted 10 one-on-one meetings, and added 98 people to my database.
In addition, the following activities have resulted from "shaking branches and turning over rocks":
Met a couple that are relocating to Rochester and need to put their home on the market in Apex; provided them with a "sight unseen" CMA … (1 comments)

buyers: Why The Market Is Turning Around - An Optimists View - 07/09/11 04:26 AM
I just got through reading another article regarding the rising rental rates and falling vacanicies.  Reis Inc. reports that, in the second quarter, rents rose in 80 of 82 markets surveyed and average effective rent was up 2.3%. 
I believe that there are three major contributing factors that can prominently affect a positive movement in the real estate market in the near future.  The first factor is the rental market.  When rental rates rise far enough to compete with mortgage payments, qualified buyers start to contemplate buying vs. renting. 
The second factor that will aid the cause to recovery comes in … (0 comments)

buyers: Facebook Video Chat Feature Coming Soon - 07/08/11 04:26 AM
In an effort to reach out to new clients and the younger generation of real estate buyers and sellers, I am going to get on board with the new Facebook video chat feature (coming soon).  Facebook, through a deal with Skype, will be rolling out this enhancement some time in the next month.  This will be a handy tool for interviewing, as well as video conferencing.  For more information, it can currently be accessed at facebook.com/videocalling.  You have to keep up with technology to stay competitive.  Remember the days when we used to look at listings in a printed "telephone book"? … (2 comments)

buyers: Rental Rates On The Rise and Investors Are Buying - 06/30/11 09:14 AM
On the heals of several other articles I recently read documenting the wide spread prediction of rental rate increases in the upcoming year, I found this article to back it up.  With apartment rental rates rivaling rental rates for single family homes, the two sides certainly match up. 
Daily Real Estate News  
Investors to Dominate Market for Next 2 Years
Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc. These investors also are ready to compete with traditional first-time home buyers to snag the best … (0 comments)

buyers: Dear Media, Can You Please Focus On The Negative ... Thank You - 06/28/11 02:17 AM
Good day!  I just got done reading the following article.  This is a prime example of how the media accentuates the negative.
_____________________________________________________________________________________________________
Daily Real Estate News  |  June 27, 2011  |   Tight Credit Continues to Shut Buyers Out
With the tightening of credit over the last few years by banks, more potential buyers find they are being shut out of home ownership, unable to obtain financing for their home purchase. And it’s not just buyers with poor credit histories being rejected for home loans--some buyers are even coming with stellar credit scores and big down payments, experts say.For example, Amy Menell told … (2 comments)

 
John Davison, Raleigh-Cary-Triangle NC (Coldwell Banker)

John Davison

Raleigh-Cary-Triangle NC

Cary, NC

More about me…

Coldwell Banker

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

Office: (919) 449-7721

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