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