There are 8,246 listings in Wake County and 923 closings took place in the past 30 days. Just based on these numbers, that's a 9 month supply of homes for sale. Still way too many. I have always heard that around a 6 month supply is a balanced market. Less trends towards a sellers' market and more trends towards a buyers' market. Here's a question. What would it take to create a … [Read more...]
February 11, 2011 By Leave a Comment
Why Are So Many Buyers Paying Cash?
So how many buyers are paying cash for properties? According to the National Association of Realtors 28% of all residential sales in 2010 were cash deals. Is that a large percentage? Oh yeah! For instance, in October 2008 only 14% of home purchases were cash. Those are national numbers. And look where the really big volumes of cash sales were. All Cash Deals in December … [Read more...]
July 8, 2010 By Leave a Comment
The 2009 American Housing Survey From HUD
The 2009 American Housing Survey has just been released. Since 1973 HUD has surveyed American households to gather statistics on what the typical American home is like. This important data is used by the department to shape policy and better understand the typical standards of the American home. Here are a few of the key stats from this most recent American Housing Survey. There are … [Read more...]
March 5, 2010 By Leave a Comment
Hasentree Purchased By Toll Brothers
Hasentree is by far one of the premier communities in Wake County. And as you may have been aware, the development was foreclosed on last year by SunTrust bank. Well, good news... Toll Brothers has purchased Hasentree and they are saying they have big plans for the community. Hasentree is actually located in Wake Forest, just north of highway 98 and occupies over 800 acres. It is home to a … [Read more...]
April 8, 2009 By Leave a Comment
Pulte Buys Centex
Pulte Homes will buy Centex in a stock for stock deal estimated to be worth $1.3 billion. It is said the the two companies, when combined, will have $1.8 billion in debt and $3.4 billion in cash. Wow, that's lots of billions! The union of Pulte and Centex will result in America's largest home builder. Move over DR Horton. With Pulte in the number 2 position by volume, and Centex in the … [Read more...]
