Cary NC Realtors are Back to Selling Shelter not Investments
At a recent Market Trends Forum it was stated that in Cary NC Realtors are back to selling shelter not investments. Since the national downturn in the housing market there is a need to change our thinking about real estate. It was not too long ago that homes we only viewed as shelter. A place to settle down and raise a family. In the past 10-15 years real estate turned to money making investments.Recently home buying decisions here in Cary and across the nation were justified by numbers, just the facts, very little emotion. Today we are taking a turn to the past and selling lifestyle, the emotional connection backed up by the numbers.
Uncertainty
continues to be certain in the real estate market.
Federal tax incentives created a surge only to see a large drop in sale after the tax credit expired. Interest rates are lower than anyone could ever imaging.
In 1986 when we bought our first home we negiotated down to 12% and that was huge deal! Still the market continues to be sluggish. Just this weekend it was reported that Congress is considering another First-Time Buyers Tax Credit.
The Cary NC Triangle market is reportedly the 5th strongest real estate market in the nation. Our appreciation rate is 3-5%, down from our highs of 7-10%. We've always been a stable market, no bubbles here. New home starts are up 1709 in 2010 over 898 in 2009. A positive sign!
Are you looking
for a REALTOR that is:
a former teacher that knows the schools system
- has lived in the area for over 15 years
- has expertise to get the job done?
Cary Realtors are Back to Selling Shelter not Investments was first published on CaryRealEstateBlogger.com a blog by Linda Lohman
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