Third Monday Market Update

Market Activity seems to be similar over the last two weeks, slight increases from the previous few months. Since the last update, rates have gone down a little which will encourage some buyers to move forward quicker than before. Also, with the Attorney General of North Carolina putting the proverbial brakes on foreclosures, buyers are going to focus more on non-foreclosures. Currently the process to purchase a foreclosure is so tedious and ever-changing; I am encouraging buyers to seriously consider the headaches and payoffs of a foreclosed home. (One client of mine has had their earnest money tied up in a bank for 12 months, with no end in sight). This has encouraged some of the buyers in our market to reconsider foreclosed homes.

 

 

**For more information regarding the North Carolina High Country Absorption Rate, please feel free to email or call me.

 

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!

 

First Monday Market Update

We have seen some increase in market activity (as has been expected) and encouraging signs by buyers, but they still seem somewhat reluctant. Average sales prices have fallen a little over the last few months and have decreased the market value of property in the area.

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!