Today's Triangle Real Estate Market

Why purchase a home now??? Here are a few great reasons:

• Interest rates remain at a historically low levels.
• Inventory in our market is at a higher abundance giving consumers exceptional home choices
• Home sales have slowed, giving buyers the additional advantage of being in a "buyers" market
• Sales prices today are more favorable to buyers than they were earlier this year
• Home buyers who will remain in their homes for several years will nearly always come out ahead in building wealth
• Buy low and sell high... need I say more!

In spite of the evident challenges and high media visibility of some metropolitan real estate markets in the U.S., the Triangle market remains a terrific place to buy a home.

• Sales Activity: We are currently on pace for 20,000 home sales in the triangle in 2008.
• Dabblers Are Leaving the Business: The Realtor market in the Triangle has been crowded for years with agents working part time, poorly trained (if at all), and underfunded to service clients in anything but a red-hot conditions. What remains today are a core group of career-minded professionals
• The Nation Looks At The Triangle: When reading trade reports on national sales trends, most highlight over-appreciated prices in Las Vegas, Miami, and everybody’s-leaving-Cleveland and Detroit. These markets have experienced frightening free-falls in sales and home values. However, many of these reports conclude with a reference to two markets outperforming the national trends: Raleigh-Durham (us) and Charlotte, N.C. Our local market has not experienced a downward free-fall; it has cooled from red-hot status to a warmth that allows long-term, sustainable growth. Such a pattern is very GOOD for the long-term market .
• Good Habits: The Triangle market no longer provides a market in which a yard sign will close the deal. In most cases it takes the services of a strong agent backed by the resources of a healthy company to assist sellers. These services include preparing and staging the property for maximum effect, reviewing financials to minimize surprises, a well-executed marketing plan with a concentration on Internet positioning, and constant evaluation of market conditions to determine the best offer price.