New home starts in Real Estate

Real Estate Agent with Keller Williams Realty

Today's real estate news gave an idea of regional strength and weakness. The real estate market of the southeast has been somewhat odd in that from state to state there are specific issues that are influencing the new construction industry. In North Carolina there is still a steady growth with respect to projects that were started and now being completed. It is hard to track the number of developments and the stage they are at. The absorption rate stayed in an equilibrium for the growth of our area and the reaction of builders adjusted well for the real estate market. The silver lining is that perhaps there will be the realization of the value of Realtors. The steady growth of both numbers and value of real estate in the triad area of North Carolina is a good example how to ride the challenges of current markets. The great news is that there are many existing homes with owners that will need to sell. Having a consistent inventory of these types of homes on MLS system will encourage buyers to explore the pros and cons beyond just the newness of a new home. The real estate transaction process is becoming more complex and should be boiled down to a clear concise step by step process for customers.

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Posted by

Bonner Thomason

Comments (2)

Larry Wright
nwRealty.Com - Tacoma, WA
Sounds like  Washington markets except they're spaced by a stone's throw ... some are selling out while others nearby are stagnant.
Nov 20, 2007 12:05 PM
Charlotte Home Loans Your Charlotte Mortgage Lender
Charlotte, NC
This is great news for NC and the local buyers! Its a wonderful time to buy a home.
Nov 21, 2007 12:16 AM