Current Real Estate Facts in North Carolina

I like to bring you an array of information about what's going on in the real estate/housing market on a regular basis, focusing in on North Carolina and particularly the Raleigh area. But since we do not have life changing news in our local market everyday, thank goodness for that, the information while useful is sometimes more far reaching. Today, however, are the reports I love to give, because they give you the up to date stats on what is happening in real estate right here in our local market.

A recent report from the North Carolina Association of Realtors was spot on with some of the facts you and I want to know. Let me give you a run down of the high lights:

1. Pending Home Sales between June of 2008 and June 2009 rose 6.7%. We haven't seen an increasing like that since 2004.

2. North Carolina homes sales rose for the third month in a row by the end of July 2009.

3. New construction surprisingly jumped in July to hit its highest level since September of 2008.

4. One of my personal favorites is that nation wide the supply of homes was down 2.5% from June 2009 to July.

5. This one you'll love. The nation had a 32% increase in foreclosures in July of 2009 annually, while in contrast North Carolina had a 20% decline in foreclosure from a year ago July.

So my friends there is sunshine in the city today and sunshine on the horizon in real estate. It truly is a beautiful day.

"Because Integrity Does Matter!"
www.JamieMori.com