November 2010

30 Nov 2010

Triangle: Real Estate in 2011

It is that time of year that we look into the crystal ball and see what we believe the real estate climate will look like in the coming months.  Here are some thoughts about real estate in the Triangle in 2011.

Beginning mid-2010, the Triangle residential real estate industry was poised for a slow economic recovery. Thanks to a relatively healthy job market, historically low mortgage interest rates and the (now expired) homebuyer’s tax credit, that prediction largely came true.

The population growth and overall strong economy in the Triangle continue to be positives as we look ahead. However, to employ a now overused phrase, we’re not out of the woods yet. We enter 2011 optimistic but with our eyes wide open.

29 Nov 2010

Bottoms Up!

Everywhere I go in North and South Carolina, I am asked: “How is the residential real estate business?” and “Have we reached the bottom yet?”

I can truthfully say that we have bottomed out in most marketplaces and neighborhoods.  Realtors®, bankers, developers, buyers and sellers all have a pretty good feel on where market values now exist.  The “free fall” of home prices and values and the fear of the unknown, exacerbated by the constant flow of foreclosures and short sales, have slowed down.

26 Nov 2010

Creating Family Traditions Over the Holidays

My childhood memories of Thanksgiving include family visits to both sets of grandparents, all of whom lived in St. Louis, Mo. which was only a 2 hour drive from our home. Thanksgiving eve, if there is such a thing, was always spent with my dad’s side of the family and Thanksgiving day at my mom’s side of the family.  They say opposites attract and well … that was certainly the case with my parents.

We would have ham at the Johnsons and turkey the next day at the Barrett’s.  We played cards and crammed into the Johnsons bungalow in the evening and dressed in our best with room to roam at the Barrett’s very large home the next day.  Although the atmosphere was like night and day, the core value of family togetherness was the same at both houses. We told stories, shared jokes, gave thanks for things that had happed throughout the year and ate way too much.

25 Nov 2010

Happy Thanksgiving!

All families celebrate Thanksgiving in different ways, which is what makes this holiday so wonderful. Brothers, sisters, aunts, uncles, grandparents and children who don’t spend enough time together during the year use this special day to see one another.

Each year my family sets the menu so everyone can bring their own specialty dish.

We pray, thank God for all our blessings and enjoy one another’s company.    Lunch starts promptly at noon, and if you are late we have already said the blessing and started eating.   Before my mom passed away she required us to be on time, so we make it our mission not to be late!

24 Nov 2010

A Quiet Thanksgiving

The holidays are almost here. I was reminded of this by the abundance of Kay® Jewelers commercials last night. In my mind, it is still September. But the calendar, not my mind, has won and Thanksgiving will be here in the blink of an eye (tomorrow in fact!).

I have lived in Greenville for 12 years. For the first 7 of those years, and the 4 prior that I spent in Virginia going to college, I flew home to Rhode Island for Thanksgiving. Yes you read that correctly, I flew on Thanksgiving, the most widely traveled holiday in the US.

23 Nov 2010

Spend Thanksgiving with Friends & Family

I come from a fairly large family. Each of my parents has 4 siblings and I have two sisters and a brother. So, when it came time for Thanksgiving, there was always a crowd.

Growing up in northern Pennsylvania, we typically had snow at Thanksgiving. We would often go sledding or toboggan riding with all the cousins.  Occasionally we played a little ice hockey when everyone could find skates that fit and there was always a snowball fight under the guise that we were building a snowman!

22 Nov 2010

Million Dollar Thanksgiving Dinner

I love my family. My parents, sibling, and step-siblings are extremely successful in their respective businesses, knowledgeable about current events and always looking for ways to improve their lives and those of others.

With these creative and business-minded people at our Thanksgiving dinner table, it is not a surprise that one of our Thanksgiving traditions is known as “The Million Dollar Idea.”

21 Nov 2010

What Are Your Thanksgiving Traditions?

Thanksgiving is a holiday filled with traditions, memories, love, laughter, thanks and most importantly food. The overall idea is the same but what I love the most about this particular holiday is the creativity it brings. Each family has their own way of celebrating and that is what makes it truly special.

For me, it’s also a holiday that embodies the idea of sharing. You share your table, your food and your thoughts of thanks. So, what better way to start the holiday than by sharing the traditions and sentiments of each member from the marketing department:

18 Nov 2010

What it Means to be in Relocation

I was recently interviewed, via email, about my job by a 9 year-old in Wellington, New Zealand.  He is the son of my best friend.

It was an interesting exercise which made me stop and think about what I do and why I really love doing it!  The first 3 questions were standard; the next 3 were his own custom questions and were my favorite because I’m not sure if I have ever been asked what is dumb and boring or awesome and fun about my job!

Q1: What is your job?

My job is President of Allen Tate Relocation.

17 Nov 2010

A Drop in Foreclosures … But Why?

This just in: foreclosures dropped 9% nationally in October.

At first glance, this sounds like it would be good news right? A closer look however, will show that it all seems to directly relate to the freeze in foreclosures from the robo-signing scandal. Last month, when it came to light that many of the Banks Loss Mitigation Departments had not properly reviewed foreclosure documents, there was a lot of pressure on banks to suspend foreclosures.

Initially, many banks did just that which, in turn, interrupted scheduled closings of foreclosed properties. After two weeks however, many banks decided that they had properly reviewed their procedures and felt confident that they had taken the appropriate steps to right “their wrongs.” Soon after, the foreclosures resumed.


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