Housing Market Trends - What Does it Mean Locally?

Housing Market Trends - What Does it Mean Locally?

Triangle Area NC Housing Market Strengthening

Growth patterns and economic changes throughout the Nation will impact the local housing market in 2013. Below are a few February statistics and trends I believe will continue to signal strength in the housing sector at a national and local level. 

• Unemployment claims 4 wk. avg. for Feb 9 ticked up slightly, but remained at a five-year low, and clearly below Jan/Dec.
• The strength in housing this year, in contrast to weakness in 2010/11/12, is a significant positive for many reasons:
• It lifts employment.
• It lifts confidence of both consumers and business people (they own houses).
• It lifts consumer net worth, which is on track to make a new high in 1Q.
• Bank stocks are up +7% year to date.
• Railcar loadings continued to surge through Feb 9, and +3% ytd or roughly a +30% a.r. 
• House prices rise in 88% of US cities.
• Ford’s worker bonuses increased +34% to $8,300.
• The Empire mfg index for Feb surged, another sign of strength for the industrial sector.
• Sharp slowdown in healthcare costs helping narrow the federal deficit. Reducing the federal deficit typically improves consumer confidence.

Stay tuned…..

Brookhaven Homes for Sale - Raleigh Beltline Area

Brookhaven Homes for Sale

Raleigh Beltline Area Near Crabtree Valley Mall

Brookhaven is conveniently located in NW Raleigh, NC just minutes from Crabtree Valley Mall and I-440.  Easy commute to downtown Raleigh and all parts of the Triangle.  This established, tree lined neighborhood in Raleigh offers remodeled custom homes and opportunities to update to your taste.  Great location and great value.

Brookhaven residents appreciate the convenience of nearby shops, restaurants, pubs and coffee houses along Glenwood Ave, including Pleasant Valley Promenade, Townridge and Oak Park Shopping Center.

Recreation choices abound with nearby community parks, golf courses, tennis and swimming. You will love having the beautiful William B. Umstead  State Park  just around the corner.

Close to Raleigh-Durham International Airport

For local school information visit Wake County Public School System

Find out what your home is worth in Brookhaven, Raleigh, NC with our customized Market Snapshot. View our Interactive Map Search where you can view Active and Sold Listings. Learn Average Days on the Market and other Market Specific Data to determine your home's value in Brookhaven.

View our recent listing in Brookhaven and see how we sold this home in only 17 days!  If you are considering selling your home in Brookhaven, Contact Us Today to learn more about how we can get you top dollar for your home and find you a buyer fast.

Elegant Home for Sale in Wooded Landscape in Cary

Cul-de-Sac Home in Cary $365 900

Upgraded cul-de-sac home with many updates including new carpet, paint, new granite kitchen counters, ceramic flooring in master bath/WIC, and laundry room & new roof. Enjoy the privacy and entertainment possibilities on your 550SF patio and/or 360SF deck backing to a wooded landscape. Double stairway offers privacy and efficient access to upstairs and finished bonus room.

Full Details
http://www.homesearchincary.com/listing/mlsid/309/propertyid/1863347/syndicated/1/cgltguid/05DAE1BA-79AF-4C4F-902E-C62604255573/?ts=crg

Listing Courtesy of Don Johnson, Keller Williams

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