Market Conditions – Realty World, The Triangle,NC , Realtor
Sunday, June 13th, 2010
North Carolina real estate expert Vickie Healey is reporting good things for the region.
The inventory of homes continued to rise during the last quarter, making it an unusually strong buyer’s market.
Southwest Durham continues to be a popular area for buyers who want access to Duke University, the University of North Carolina at Chapel Hill and the Research Triangle Park.
In her opinion, the inventory of homes for sale will remain high, offering exceptional values for buyers who have positioned themselves to participate in this buyer’s market.
There are great buying opportunity in the heart of North Carolina – Raleigh, Durham, Chapel Hill, and the surrounding areas — a great place to live while riding-out the recession. (GRAPHIC)
Partners Kempton and Cooper Healey note that many prospective buyers have moved to central North Carolina, ready to purchase a property – after their home has sold in another part of the country.
When their homes eventually sell, the real estate market in the Triangle will be ready for brisk market activity.
Prospective buyers who are currently living in rental homes, waiting for their homes to sell in other areas of the country, are taking this time to learn about neighborhoods and communities, and deciding where they would like to purchase a home.
When the right time comes, these buyers will be ready to make decisions quickly and efficiently.
Amid reports of declining real estate values, in Orange County, North Carolina, the numbers show that since January 2005, the market value of Orange County properties has increased.
This news is a bright spot compared with what many property owners are experiencing in other less fortunate areas of our nation.
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How is your town doing? Is there tons of empty commercial real estate? Is this the end of the urban sprawl? Many are losing millions from lost rentals. If the large corporations are having a hard time staying in business how is the little guy going to make it? If debt is money and there is no credit, there is no money! Please add a video of your town of commercial or residential. You pray & the churches prey! March 13, 2009