real estate: 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)

real estate: 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)

real estate: 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)

real estate: 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)

real estate: 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)

real estate: America's 10 Sickest Housing Markets - 08/09/11 10:44 AM
A recent article was published on TODAY.com regarding housing markets most adversely affected by price decreases, increased vacancies, and the down economy.  The list is as follows (starting with the worst):
Tucson, AZ
Indianapolis, IN
Memphis, TN
Atlanta, GA
Baton Rouge, LA
Dayton, OH
Detroit, MI
Kansas City, MO
St. Louis, MO
Oklahoma City, OK
The data wa sgathered by 24/7 Wall St. via a census of the 75 largest U.S. metro areas.  They ranked the cities with the highest overall vacancy rates for both homeowner vacancy and rental vacancy in the 2Q of 2011.  They then removed the cities on … (5 comments)

real estate: From The Watering Hole - 08/08/11 04:40 PM
I'm here at my favorite watering hole again, the Tribeca Tavern in Cary, NC.  No hot leads were found tonight, but I did have the pleasure of meeting two fellow Realtors.  I had the chance to discuss buyers, sellers, and general market conditions.  One is currently going through Buffini training and the other was telling me of how she sort of partnered up with an experienced agent in her office to help get the training and experience necessary to kick start her career.  It reminded me of an article I read that talked about the older Realtors, who are less tech … (3 comments)

real estate: I Thought Everyone Knew I Was A Realtor - 08/06/11 08:06 AM
I received a phone call yesterday from a server at my favorite Cary restaurant and she asked me if I had my real estate license yet.  I told her I had and that I was the Realtor that her Manager used to find her townhouse and close on it last month. 
SHAME ON ME!!!  I assumed that because everyone at the restaurant was always asking me about real estate and passing along my business cards, that EVERYONE knew I was a Realtor.  Guess what, this one slipped through the cracks.  Fortunately, her boyfriend (the buyer) is getting qualified next week with a lender … (5 comments)

real estate: 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)

real estate: Hey Buyers, You Have To Make An Effort Here - 08/01/11 09:23 AM
I had another interesting encounter in my favorite restaurant over the weekend. 
I was dining with three friends and a waiter friend of mine came up to me and told me that a couple at one of his tables upstairs had just suvived a horrible experience with their Realtor earlier in the day.  He told them I was in the building and that he would go get me to have me talk to them.
I arrived at the table 30 seconds later with business cards in hand.  They explained to me that they were in town from Chicago and were leaving … (4 comments)

real estate: Is Government Broken? - 07/24/11 05:21 AM
I was watching a news show this morning and the debate was heated.  The panelists were discussing the Republican agenda vs. the Democrat agenda.  Who is right?  Who is wrong?  Fingers were pointing in every direction and each side was sure that they were "winning".
Then one young man (I can't recall his name, but I know he was 33) made a great point.  "In the last three elections" he said, "the American people have spoken."  he went on to talk about how Tea Party movements and election results have recently proven that we are sick and tired of the same … (5 comments)

real estate: 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)

real estate: 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)

real estate: Dear Renters ....... - 07/17/11 02:48 PM
I had the pleasure of meeting a very nice woman and her two children this weekend and the opportunity to show them several houses to rent.  They were passed on to me by another agent in my office and I wanted to help these people.
When we met at my office, the first thing I did was qualify them as potential buyers.  They recently suffered through a foreclosure, so I knew that the "buy side" potential here was very long term and slim at best.  Nonetheless, off we went.  After three hours and many miles, we parted ways with no clear … (3 comments)

real estate: 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)

real estate: The Primary Reason For Listing With A Realtor Is .... - 07/14/11 07:10 AM
A recent article suggests that the primary reason for listing ahome with a Realtor is the fact that the Realtor is going to put the property in the MLS.  I vehemently disagree.
I have never gone into a listing appointment with the feeling that the ace up my sleeve in proving my value was in the fact that I can list the seller's property in the MLS.  I believe that my greatest asset, and the factor that sets me apart from the competition, is four fold.
First, I am extremely knowledgeable about the real estate industry as a whole, as it … (3 comments)

real estate: Another Reason To Be Optimistic - 07/12/11 02:03 AM
I just read an article about an analysis of the real estate market for the first half of 2011 made by Clear Capital.  A couple of thoughts came to mind. 
I am always cautious to qualify these studies by evaluating their criteria.  There isn't much detail in this article and the author simply states that market performances were based upon "first half data".  Specifically what data, we are not told. 
Assuming the data is reliable, I am encouraged to see Washington DC and New York at the top of the list.  One of the primary contributing factors to the lack of … (45 comments)

real estate: 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)

real estate: 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)

real estate: An Unexpected Referral Source - 07/05/11 07:39 AM
Today was a prime example of why you have to remain consistent in your approach and true to your systems in the real estate business. 
Today I received an unexpected phone call and a hot lead from someone I used to work with and put into my database two months ago.  In the interim, she has corresponded with a buyer client of mine and a mutual friend to us both.  With the reticular activator on high alert, the buyer client mentioned my name and how much she valued the work I am doing for her.  In turn, the referral source, a … (1 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

Office: (919) 449-7721

Mobile: (919) 449-7721

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