Sneak Peek at Triad of NC 2010 Market Report And Jobs

By
Real Estate Broker/Owner with Total Care Realty NCRE# 257455

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 UNCGNew Reports coming out

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 absorption rate; This is the rate that it would take for us to sell all the homes presently for sale.  This is based on the formula of how many homes are presently for sale versus how many we are selling per month.  Presently our absorption rate is 10.7!  Now granted we will not notice a rise in housing pricing until the rate is down to around 6 months.   But I would say we are on the road to a much better market.  As we all know the rules of supply and demand economics are that as the supply becomes smaller the demand becomes greater.  I am personally seeing more buyers coming out and as we go into the fall and winter months and in most cases the inventory dwindles even more during this time of year.  

There are also some very exciting jobs facts.  In the Aviation sector Honda Aircraft is getting ready to hire about 400 people as they expand their operations here in the Triad.  Timco Aviation (where my son works) is also expanding and getting ready to hire hundreds of new employees.  Also MSI is looking for technical CAD operators.  



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The Author:

As the Broker-in-Charge, owner and founder of Total Care Realty, LLC, Larry is focused on quality of service. He believes in being on the cutting edge of any product or process that will help market the client’s property or help them find the perfect home. Larry has been consistently recognized as going above and beyond for his clients; he was described as a ‘personal concierge Realtor®’ early on in his Real Estate career. Drawing on his past experience of owning restaurants and working with new technology, innovation is his focus. Larry often says, “we are not afraid to take advantage of new technology as soon as it is available instead of waiting for a corporate office to tell us what we are allowed to do”. This is a benefit of being an independent Real Estate company. As a graduate of The Citadel, instilled in him is the importance of discipline, loyalty, focus, and determination. Marrying those ethics and ideals with the hard driving focus it took to own and manage restaurants for almost twenty years, has given Larry a passion to make sureclient satisfaction is the number one priority. “As your Personal Concierge Realtor® it is our job to help take care of every need of our clients.” Larry Story — Total Care Realty, LLC — 336-327-1841 also at  http://totalcarerealty.net

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