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...]
January 27, 2011 By Leave a Comment
What Is The Best Time To Sell A House?
What is the best time to sell a house? The simple answer to that question is that there is not a bad time to sell a house. But some seasons are certainly less of a challenge than others. There is a seasonality that is very consistant for home sales. The graph below shows the typical shape of the sales curve for home sales in Wake County. The first thing you'll probably notice about … [Read more...]
January 11, 2011 By 3 Comments
How Long Before The Real Estate Market Comes Back?
How long before the real estate market comes back? That is the question on everyone's mind these days, isn't it? Experts expect it to take well over a decade. Anyone who has a home to sell has a big decision to make. Or so it would seem. Do I sell now, or wait for the real estate market to come back? Let's take a look at the facts, on a local basis, and see if we might be able to … [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...]
April 5, 2010 By Leave a Comment
Spring And The 2010 Wake County Real Estate Market
How will the 2010 Raleigh area real estate market be affected by the Spring season? Looking at historical data for the Wake County real estate market will give us some pretty good insight. First though, how do we know Spring is officially here in Raleigh, NC? We could check the calendar. Or we could go with more scientific proof. I thought about washing my car on Friday. Within 30 … [Read more...]
January 6, 2010 By Leave a Comment
Welcome To The 2010 Real Estate Market
Ahhh. The new year is here. Have you seen all the articles out there calling the past 10 years the lost decade? From a personal perspective I'm not sure I would go quite that far. There's something unsettling about the idea that the last 10 years were wasted. But I do know quite a few home sellers who are ready for something different than what 2009 offered. So what will 2010 look … [Read more...]
