Good Afternoon,
Prices are starting to rise all around the country. This is great news for us, though we still have tremendous inventory. Our typical client is most likely purchasing a second home/investment or is moving to the area for work. We do see some people "upgrading" their home, but that is less prevalent in this area than in others. Those who are purchasing a second home/investment come from three places (95%)… the first is the metro-cities of North Carolina. Secondly, they are coming from Florida. And third, they are coming from states like Georgia, South Carolina, Virginia. But, the majority of these people are coming from North Carolina. Sorry this is long winded…I am getting to my point. As we have seen areas in North Carolina starting to recover, we are seeing more buyer traffic. I use to get calls all the time from Florida area codes; now 95% of the Buyer calls are coming from North Carolina area codes. (*The internet traffic is showing very similar statistics).
Here is a link to an article about the current market: http://www.trulia.com/blog/marc_white/2013/02/88_of_u_s_cities_see_housing_price_gains
*For a copy of the most recent Market Update (Market Absorption Rate 2013-02-18) call or email me at anytime.
Regards,
Broker In Charge/REALTOR, Cash Realty & Cash Custom Homes
Call/Text 828-406-2134
Search 1,000s of Homes Instantly at www.MarcWhiteHomes.com
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