When it's HOT, it's HOT

By
Home Builder with 1st Priority Roofing LLC RPI0036302

AP just reported that Raleigh NC is getting an additional 650 jobs. WOW!!

When it's hot, it's hot.

Over the last 10 months the average home has appreciated 11.93% and the average price for a condo/townhome is up 12.80%.  Just when NAR (National Assoc. of Realtors) is reporting home prices will drop for the 1st time since 1968.

North Carolina shows how select markets can and will buck the national averages. Another example why we all should educate our clients and prospects to market cycles and trends.

Market research, continued education, persistance are the key ingredents to success. 

"An investment in knowledge always pays the best interest." Benjamin Franklin

For market research nationwide...

http://www.signilinvestorlinx.com/index.php?page=Home&ad_id=142

Good Selling

Dan

 

NEW YORK (CNNMoney.com) -- Home prices are expected to finish down for the year, the National Association of Realtors (NAR) said Tuesday, which would mark the first drop since the group started tracking values in 1968.

NAR projects a 1 percent decline in the median price of an existing single-family home, to $219,800. The group, in a forecast made a month ago, had previously been expecting a 0.7 percent decline. Prior to that, it had expected a gain of 1.2 percent.

 AP
Network Applicance to Expand in N.C.
Tuesday May 8, 2:11 pm ET

Data Storage Company Adding Nearly 650 Jobs in North Carolina

http://biz.yahoo.com/ap/070508/nc_new_jobs.html?.v=1

 

Comments (2)

Endea Thibodeaux
Tarver Realty Group - Washington, DC
CLHMS, RECS
When you are hot you're hot and when you're not you are not!  In VA, & DC the market is down.  According to the Washington Post the market will be down 2.2 percent and during the summer months the market will be over saturated with homes.
May 26, 2007 01:16 PM
Dan Matheny
1st Priority Roofing LLC - Denver, CO

Endea,

I'm not sure what you are trying to say. Your first statement appears to be directed at me and not the markets. Why so personal?

I was reporting on North Carolina, yet your response refers to two other markets. I see no revelance to your comments. I believe you have errored in two ways.

1) Markets can and do cycle different from others. Just because one market has excess inventory, doesnt mean they all are that way.

2) Relying on the Washington Post or any sole source for your analsysis can and usually does lead to wrong outdated assumptions.

I'm not saying the "Washington Compost" is wrong, in fact our stats show DC's inventory is up YTD, with  middle and upper priced home prices down yet lower priced homes are up slightly.

Your talking apples and oranges.

 

May 27, 2007 04:30 AM