As a real estate professional and data geek, I know how important it is to be able to review the facts and track the trends about the local real estate market. So, starting in December, I will begin reporting monthly market statistics (and will likely express my opinion of said...
Market Trends
Number of First-Time Home Buyers on The Rise
Selling an existing home is what many folks worry about these days, knowing they probably won’t get top dollar for their listing. However, first-time home buyers do not have an existing home to worry about, so the number of sales for this group is on the rise. It only makes...
Home Sales Rising?
Is it really possible that home sales are rising despite the state of our nation’s economy? Apparently so! Here are some facts from Realty Times: Resales of existing homes jumped by 5.5 percent last week — that was the largest monthly increase since July of 2003, in the middle of...
Snapshot: Local Market Statistics
To give you a small glimpse of the real estate market in our area, check out the statistics below. Keep in mind that real estate is a cyclical business throughout the year. The Spring and Summer months are generally more active in terms of sales and new listings than Fall...
House Swapping
The real estate market is seeing the “house swap” as an increasingly popular trend this year. Back in the day, vacationers would frequently swap houses for a week or two (like in the movie The Holiday from a couple years ago), but this is 2008. The economy has changed. Why...
Smart Sense
My husband and I took a nice roadtrip to South Carolina this weekend. I caught myself reading every billboard we passed. Some were good, some were quite frankly ridiculous. There was a series of billboards in Charlotte (I think) about real estate. They were simple and to the point, and...