Well, it certainly has been an embarrassingly long time since our last post. Though the Wilmington real estate market took a 55% nose dive in January (for # of transactions), we’ve been busy “getting after it.” In times like these our seller clients need more marketing and more consulting than ever before.
That being said, I recently came across an article from the NC Association of Realtors that’s worth sharing. Thank you NCAR for getting us out of our bloggers-block.
About the Economy:
> North Carolina is consistently at the forefront of affordable housing. Most recently, Cornelius was named one of the most affordable suburbs in the country. Fayetteville and Rocky Mount were both recognized for high price appreciations.
> In 2008, North Carolina welcomed the most newcomers (versus loss of residents) of any state, according. For every 100 people leaving, 180 moved in.
About Home Ownereship:
> In February, Gov. Bev Perdue signed an authorization that could save NC homebuyers more than $30 million.
> The National Association of REALTORS® estimates the impact of the stimulus package and lower interest rates on the housing market to be about 900,000 additional home sales in 2009 compared to conditions before the stimulus package.
> Homes were more affordable in December 2008 than at any other point since the National Association of REALTORS® began its housing affordability index in 1970.
About Foreclosures:
> Nationally, January foreclosure filings decreased 10 percent compared to the previous month.
> In January, the number of foreclosures occurring in NC decreased 29.3 percent when compared to January 2008. Nationally, foreclosure rates were 18 percenthigher in January 2009.
> North Carolina continues to descend in the official ranking of foreclosure rates, and is 33rd nationally.
> Four states – Nevada, Arizona, California and Florida – represented 53 percent of the 274,399 foreclosures in the US in January.
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on Wednesday, March 11th, 2009 at 6:19 pm and is filed under News.
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April 16th, 2009 at 10:11 am
Welcome back! I’m glad to read good news in this blog. Some places are still hurting but I’m sure they’ll be back on their feet soon.
May 13th, 2009 at 12:02 pm
It will be nice to see the housing market turn around everywhere in the Southeast. Hopefully the worst is almost over!
June 15th, 2009 at 7:45 pm
There is a lot of housing stimulus packages going out these days. I wounder how long this can keep up.
June 18th, 2009 at 6:46 am
In Austin we saw a pretty big nosedive in January as well. This summer things seem to be looking much better. As long as interest rates stay relatively low it seems the prospects for market finally seem pretty good.
September 10th, 2009 at 3:34 pm
I have actually been thinking about moving to North Carolina. I haven’t quite decide but these facts will help me out thanks.
September 15th, 2009 at 6:52 pm
I love North Carolina and the stats you mentioned are quite good. House prices are rising slowly again so it’s good news for the overall economy of the country. Lets wait and see what happens!
April 19th, 2011 at 12:40 pm
I want to constantly keep track captions. How can I follow you in twitter