market conditions: New Home Sales Spike in October | New Home Inventory at 38 Year Lows
- 11/25/09 05:37 AM
Raleigh Market Reports New Home Sales Show Unexpected Increase in October 2009 New Home Inventory at Lowest Level Since 1971 The US Department of Commerce released surprising statistics today regarding new home sales across the nation. October 2009 showed a 6.2% increase in new home sales versus September 2009. October 2009 new home sales were also up 5.1% from October 2008. This is the sixth time new home sales have risen over the past seven months, according to reports.
Additionally, new home inventory is now at record low levels. There were 239,000 new homes on the market nationally at the end of … (0 comments)
market conditions: Unemployment and the Recession Have We Hit Bottom?
- 09/04/09 05:41 AM
Eleanor Thorne of Meridian Residential has some good points on the recession and unemployment .... particularly on how "Good News" for the economy means "bad news" for low interest rates.
In an interview with CNBC this morning, Nouriel Roubini, a leading Global Economist, speculated that today's job numbers, though dismal - could be setting us up for a U shaped recovery. This is interesting, as others on CNBC this morning, also speculated that we've hit the bottom, and are due for a bounce upwards. In fact, according to the Bureau of Labor Statistics: "Although job losses continued in … (3 comments)
market conditions: Toll Brothers Reduces Incentives as Contracts Rise
- 08/12/09 04:10 AM
Raleigh Relocation Information Toll Brothers Reduces Incentives First Contract Increase in 4 Years, Reports Buyers "Increasingly Confident" In yet another good sign for the housing market, Toll Brothers stock jumped today on positive reports. The luxury homebuilder announced that: - New home contracts up 44% from second fiscal quarter this year. - First annual increase in signed contracts in 4 years. - Incentives being scaled back, no longer necessary to "get customers in the door". - Only 9% cancellation rate, lowest cancellation rate in 3 years. Toll Brothers stock is up 11% this morning on the positive news. Read full article here. Inventory … (0 comments)
market conditions: Home Sales Increase - First Time in 5 Years!
- 08/04/09 03:39 AM
Raleigh Relocation Information Pending Home Sales Rise for 5th Straight Month Resales Rise for 3rd Straight Month - Best Since July 2003! It appears the worst is over, both nationally and locally, for the housing market. Good news for anyone relocating or even looking for a move-up home. According to today's news: - Pending Home Sales in June rose 3.6 percent to 94.6, for a fifth consecutive month of gains. - Last time we saw five consecutive months of increases was July 2003. - Home resales increased 4% in June, and rose for the third month in a row (first time … (3 comments)
market conditions: Garner NC Home Selection Down Significantly - Almost 20% Fewer Choices
- 06/16/09 11:06 PM
New Homes Garner NC Garner Inventory Down Nearly 20% From 2008 Easier to Buy A Garner Home in 2009 Why? Because there are fewer homes to look at! That means fewer top choices to pick between, which can make the buying process a little easier. Here's the April 2009 Inventory Levels, by price point.
As you can see, inventory is down significantly in every Garner NC price point but the 0-149.9 (which is level), and the Condo/Townhouse category, which has increased from 26 to 41 listings. This gets even more dramatic when looking at a percentage basis:
In April 2009, we see dramatic … (3 comments)
market conditions: How Averages Can LIE to You - Are Home Values Really Dropping THAT Much?
- 06/04/09 12:03 AM
Dropping Home Values - Is It As Bad As They Say? How Averages and Medians Can Skew the View Nearly every national housing article mentions a reduction in AVERAGE and/or MEDIAN home values. Now it's true that values are dropping in some areas. But it's not as bad as it looks. Here's why: A change in SALES MIX can cause AVERAGE and MEDIAN to reduce - but just because the average and median have gone down, it doesn't necessarily follow that your home (or the home you plan to purchase) is worth less. Here's an example of what happens when first time … (19 comments)
market conditions: Durham NC Inventory Disappearing! 23% Down...
- 06/01/09 11:02 PM
Raleigh Relocation Information North Durham NC Inventory Dropping Dramatically Almost 1/4 Less Than Last Year - Selections Thinning First Quarter statistics are in for Durham County - and the results might be surprising. If you've been searching for your next home in Durham NC, you may have thought the selection was a little thinner. You're right. Inventory is dropping dramatically from last year, and the best homes at the best prices are sometimes only available for a few days.
North Durham Shows Significant Reduction in Lower Price Points Here's the available inventory levels by … (5 comments)
market conditions: Will My New Raleigh Area Home Appreciate? What's the Best City to Buy a Home?
- 05/25/09 06:02 AM
Raleigh Relocation Package - Market Reports Wake County Appreciation Continues to be Positive Raleigh, Cary, Apex Hold Highest Home Values With so much news on negative home values, homeowners and home buyers start to wonder if there are any areas where a home remains a strong investment. Appreciation rates for the Wake County area continue to be positive, even in most recent First Quarter 2009 reports. When comparing to national appreciation rates, these positive numbers do more than just stand out - they verify why the Raleigh area has been a top destination over recent years. Here's the most recent appreciation rate results:
Wake County - … (0 comments)
market conditions: Steady Decrease in Wake County Homes for Sale - Selection Getting Thinner
- 05/20/09 12:46 AM
Raleigh Relocation Package Wake County NC Market Report - Inventory Levels April 2009 Number of Available Homes Continues to Decrease - 5% Lower than Last Year Inventory levels in Wake County (Raleigh, Morrisville, Cary, Holly Springs, Fuquay, Wake Forest) appear to have peaked in October, 2008 and have since been on a steady decline, as homebuyers take advantage of bargains in the market and record low interest rates, along with the First Time Homebuyers Tax Credit.
April 2009 inventory levels were 5% below April 2008 levels, according to Triangle MLS reports. This follows a pattern of steadily decreasing inventory over … (0 comments)
market conditions: Luxury Home Inventory Shrinking in Cary/Apex/Morrisville - 1st Quarter Market Report
- 05/18/09 11:09 PM
Raleigh Relocation Package Cary/Apex/Morrisville Luxury Home Market Report Inventory Shrinking and Selections Narrowing - First Quarter 2009 The number of new homes available at luxury price points - $500,000 and above - has been steadily shrinking in the prime Cary/Apex/Morrisville area. There are fewer homes available now than in 2008 in every price point below $900,000. And new home inventory has been reduced by a whopping 24% since the same quarter in 2008! Thus if you're looking for a new luxury home this year, you have 3 homes to look at right now for every 4 homes that were available last … (3 comments)
market conditions: Raleigh NC is one of three top Hot Markets according to Money Magazine!
- 02/18/09 02:58 AM
New Homes Raleigh NC - Raleigh Relocation Package Raleigh NC Noted as Hot Market by Money Magazine One of Three Markets where Prices Have Risen the Most Over the Past Year Money Magazine just published a "What $1 Million Can Buy You" article - and named Raleigh, NC as one of the top three markets in the country for rising values. Does that mean values are overinflated and likely to spiral? Well, in 2008 Raleigh saw a 4% appreciation rate. Not exactly a double digit, "get rich quick" increase. But compared to many other markets, the attractions of the Raleigh area … (3 comments)
market conditions: Raleigh NC - One of Nations Top 15 Healthiest Housing Markets!
- 02/17/09 10:43 PM
New Homes Raleigh - Raleigh Relocation Package The Healthiest Housing Markets for 2009 Raleigh NC Top Choice for Strong Housing Market Good news for buyers and sellers in the Raleigh NC area - your investment is considered one of the strongest and soundest in the nation! Builder and Hanley Wood Market Intelligence have just released their top 15 strongest housing markets in the nation - and Raleigh, NC was ranked an impressive #6, out of all major markets in the country! What helps Raleigh make the grade? - Raleigh NC is a state capital with multiple major universities - Through the third … (3 comments)
market conditions: Chatham County NC New Home Sales Show Significant Increase as Inventory Decreases
- 01/28/09 11:24 PM
Chatham County Market Report Chatham County NC Has Fewer Available Homes in Most Popular Price Points New Home Sales Show Strong Increase in December Chatham County NC has a lot to offer - rolling, wooded landscapes, golf courses, Jordan Lake, and, in general, very large homesites. As in most places, home sales had slowed in 2008, with a resulting increase in inventory, particularly at the beginning of 2008. But it looks like a slow down in new construction and increased sales in the month of December are making a big dent in the available inventory. Number of Homes Listed Per Price Point … (3 comments)
market conditions: Raleigh NC Resales On the Rise - And Inventory Dropping Fast! Is This a Sign of a Different Market?
- 01/26/09 10:27 PM
Raleigh Real Estate Reports Raleigh Resales On the Rise? Home Resales Increase Dramatically, Inventory Decreases in Wake County NC December 2008 numbers show that Wake County real estate market is starting to trend back up. After being down significantly to last year over a slow fall season, Raleigh NC resales are picking up - and inventory is dropping. The Raleigh, NC real estate market hasn't seen anything like the picture on the national level. As a matter of fact, appreciation is still 4%, that's a positive 4%, for 2008! However, sales have been slower than the past couple of boom years. But it looks like that … (3 comments)
market conditions: Raleigh New Construction Hits Bottom - And Is On the Way Back Up
- 01/25/09 11:07 PM
Raleigh Real Estate Reports Raleigh New Construction On the Rise? New Home Sales Increase, Inventory Decreases in Wake County NC December 2008 numbers show that Wake County new construction is starting to trend back up. After being down significantly to last year over a slow fall season, Raleigh NC new home sales are picking up - and inventory is dropping. New Home Sales in Wake County NC 2008 Versus 2007 December 2008 new home sales were down 18.74% to December of 2007. This is an upward trend from new construction sales over the past six months. Only in September were new home sales … (3 comments)
market conditions: Where are the Best Bargains for New Homes in the Raleigh Area?
- 09/18/08 12:15 AM
Real Estate Prices in Wake County NC Finding the Most Affordable Area of Wake County Raleigh, NC sits in the heart of Wake County. As one point of the Triangle, Raleigh offers tremendous cultural experiences, great jobs, and much more. Raleigh has been rated a Top 10 Best Place to Live over and over again. So how much does it cost to live in the Raleigh, NC area? We took a quick look at some sales numbers from June-August of 2008, to help find a comparitive cost for homes in the Raleigh area. This is specific to Wake County, NC only. … (3 comments)
While other areas of the country may be struggling to as a result of bubble markets over the past five years, the Raleigh area continues to see slow and steady appreciation in home values. According to second quarter 2008 Triangle sales results: Chatham County - 4.71% appreciation. Durham County - 3.64% appreciation. Johnston County - 5.42% appreciation. Orange County - 7.20% appreciation. Wake County … (0 comments)
The Raleigh/Triangle area is still showing the slow, steady appreciation that homeowners have enjoyed for the past 10 years. Sales of homes throughout the first five months of 2008 have been analyzed, and a 3.21% appreciation rate has been reported for Wake County, versus last year. No, these appreciation rates aren't crazy. Someone who bought a home 6 years ago wasn't able to sell it at 50%, 60%, or 70% profit at the height of the national boom. But that's a good thing. Real … (2 comments)
market conditions: BobVila.com says... Buy a Home in Raleigh, NC!
- 04/10/08 04:01 AM
Bob Vila is a reknowned home improvement expert, who has books, tv shows, and a huge internet presence. Homeowners listen to Bob Vila when they want to know about the most recent trends. They go to BobVila.com when they want information about their homes, and when they want to know what everyone is talking about. So it was a pleasant surprise to see Raleigh, NC pop up, yet again, as one of the best places to buy a home. This housing article by Greg Vazzana on BobVila.com has some great advice for homeowners on what to look for in their next home - in a big way. The big point: … (8 comments)
Far from the "slump" apparent in other areas of the country, The Triangle housing market remains strong - especially in new homes under $400K. Home prices are still appreciating at a slow, steady pace - the average sales price in October was 5.6% higher than a year ago - and homes are selling at 97% of list price. A home in the Triangle remains a safe, sound investment - and Stanton Homes CEO Stan Williams has been answering some oft-asked questions about supply and demand. "While changing standards … (3 comments)
Related Links:
Stanton Homes
Design/Build Custom Home Builder in North Carolina
Raleigh Market Reports
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