homes: 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
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homes: 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
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homes: 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)

homes: Home Ownership Is Down - When Will It Come Back? - 08/02/11 07:51 AM
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)

homes: Highest Foreclosure Rates Nationwide - 07/29/11 02:35 AM
Recent reports from RealtyTrac indicate the following cities as having the highest foreclosure rates in the country:
Las Vegas-Paradise: 1 in every 19 households received a foreclosure filing during the first half of 2011 (5.36%), nearly six times the national average. Phoenix-Mesa-Scottsdale, Ariz: 1 in every 28 households (3.51%) Modesto, Calif.: 1 in every 30 households (3.32%) Stockton, Calif.: 1 in every 31 households (3.24%) Riverside-San Bernadino-Ontario, Calif.: 1 in every 31 households (3.21%) Vallejo-Fairfield, Calif.: 1 in every 32 households (3.09%) Reno-Sparks, Nev.: 1 in every 34 households (2.96%) Bakersfield, Calif.: 1 in every 36 households (2.78%) Merced, Calif.: 1 … (4 comments)

homes: Why Home Prices In Wake County North Carolina Look Like They're Increasing - 07/26/11 04:58 PM
I recent News and Observer article stated that average home prices in Wake County North Carolina are higher this year than the same time last year.  Given the tax credit from last year and the number of lower priced buyers last year, that would make sense.  I wouldn't mistake that for a general, broad brush comment that home prices are increasing.  We're just not selling as many lower priced home this year, comparatively speaking.
They also went on to predict the following:
"Many economists think prices nationally will drop at least 5 percent more by year's end. They aren't likely to … (2 comments)

homes: 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)

homes: 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)

homes: 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)

homes: 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)

homes: Why I Won't Get As Many Listings As You - 06/29/11 12:23 PM
When I started out in this business, I was just as determined to succeed as I am today, but a lot less experienced.  Over time, I have learned the difference between a good listing and a bad listing.  Truth be told, the bad listings were bad because I didn't price them right, and on occasion, I made the rookie mistake of letting the seller sit in the drivers seat.
Times have changed.  I learned quickly, that the key to success was to price the listing aggressively and to negotiate from a vantage point that left little wiggle room with regard to … (0 comments)

homes: 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)

homes: Average Home Price Rise in Raleigh/Durham .... Or Do They? - 06/27/11 04:53 PM
Statistics can be as deceiving as looking in a fun house mirror and manipulated like the high school cheerleader making promises to the class geek.  The latest evidence of this can be found in the flawed "average home price" numbers being conveyed through the local media here in the Raleigh housing market.
For beginners, this year's statistics are being compared to last year's statistics in err.  We are not comparing apples to apples because the first six months of 2010 were skewed by the fact that many lower priced homes were being purchased by buyers in order to obtain the $8,000 … (3 comments)

homes: Representing a Potential Renter - 06/26/11 09:04 AM
Today was a first for me.  I had the opportunity to take out a very pleasant couple to look for rental house.  They currently own two homes in Florida and are renting both.  They also own a home in Chicago that is currently occupied by their son.  In order to move to Cary or Raleigh at the end of their lease, they will have to sell both homes in Florida.  Probably unlikely.  
We spent four hours today previewing five homes.  They are going to make an offer on one of the five, complete an application and occupy a rental for the … (2 comments)

homes: Diary of a Dedicated Realtor - Day 5 - 06/25/11 03:00 AM
Closing in on the end of the first week.  Home market in the Cary/Apex/Raleigh/Triangle area seems to be picking up - according to other agents around the office.  Today was an admin day.  I spent time from 9am until 4pm in the office updating the database (added 24 new contacts), inviting people into my network on LinkedIn, arranging for plumbing and contracting estimates on repairs needed as a result of a home inspection on a property my buyer is closing on next month, mailed six hand written notes, sent 20 emails to LinkedIn members regarding our corporate relocation program, and sent out … (1 comments)

homes: Diary of a Dedicated Realtor - Day 3 - 06/23/11 12:21 PM
Good day!  Another day, another prospect.  This one was chuck full.  So much so, that I have had to write yesterday's blog today.  It went something like this:
8:00am - 9:00am  -  Chamber of Commerce Meeting
9:15am - 11:45am  -  Office work, putting the final touches on a listing presentation
12:00pm - 1:00pm  -  One-on-one with Exterior Designer
1:15pm - 2:30pm  -  One-on-one with Web Site Designer
3:00pm - 4:00pm  -  One-on-one with Interior Home Cleaner
4:30pm - 6:00pm  -  Drove the area around the potential listing again and made additional observations
6:00pm - 7:45pm  -  Listing appointment (Raleigh)
The listing appointment was interesting.  It … (0 comments)

homes: Diary of a Dedicated Realtor - Day 2 - 06/21/11 04:12 PM
The beat goes on.  I received a call late yesterday from an expired listing that I had sent several letters of correspondence to over the past few weeks.  Unfortunately, the last agent horribly overpriced the home and this very nice family sat without an offer for the last 181 days.  I am meeting with them tomorrow night for a listing appointment.  If all goes well, and we are not in fact in a negative financial situation at my suggested list price, I should be able to help these folks move on to the next phase of their lives.
Today was another … (2 comments)

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

John Davison

Raleigh-Cary-Triangle NC

Cary, NC

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Coldwell Banker

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

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