Category: Triangle

26 May 2010

To Market! To Market!

“How is the market doing?”  If I had a dime for every time someone asked me that … Over the past 24 months that seems to be the question on everyone’s mind.  I am happy to report that the market is recovering.

The health of any real estate market is based on the principle of supply and demand.  Supply and demand is generally impacted by three factors:  the availability of jobs in the market, consumer confidence, and the cost of home-ownership.  Moving one step above that is that fact that all real estate markets impact one another, especially in an area like the Carolina’s where many people relocate from other parts of the country.  If you can’t sell your house where you currently live, then you most likely can’t purchase in your new location.  Or if you have to sell for less where you currently live, then you might have to purchase differently in your new location.

25 May 2010

Oh to Be in the Carolinas in the Morning!

Sitting back and reflecting on the real estate industry, I am amazed at all that we have been through. There is no denying that over the past decade, we have lived through some extreme highs and extreme lows together. That being said, if we take a step back to examine the real estate market since 1950, it is clear that we are continuing to see forward progress. Today, we are adjusting and recalculating from a 5-year hiatus, which is why I felt the need for the Allen Tate Company to create a blog where myself and my Allen Tate team members can share with you information about home ownership. This is a very important topic to us and is one that covers buying and selling homes, mortgages and insurance, relocation and renovation as well as the state of national, regional and local housing markets.

As the sun rises on the residential housing market in America, there is an extra ray of light shining on the place I call home.

The I-40/85/77 corridor has been named among one of the strongest metropolitan areas in the country. In a nutshell, the Carolinas represent a region poised for unparalleled growth and attention. Why is this, you may ask? I attribute it to the economic diversity of our job clusters, climate (who could possibly say no to this weather?!), pro business attitudes, work ethic, quality of life, and cost of living to name just a few.

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