Real Estate Takes A Beating?
January 29th, 2008 categories: Home Selling Advice, Real Estate Market, Real Estate News
You likely have seen it all over the news over the past few weeks. How new home sales have fallen by a record amount, or existing homes are not appreciating in value, etc. It is enough to depress anyone. However, things are never as bad as they first seem. Sure the housing market is taking a hit right now, but that doesn’t mean you give up. Houses ARE still selling! People move for tons of reasons, so there is always a supply of buyers, particularly in the Chapel Hill area.
We are lucky in that part of the local population is very “fluid”. That is, they are only here for a few years and then move on. Examples are grad students, interns, professors, that come and go. Many of them want to buy a house for the years they are here, so we get a supply of ready and willing buyers. Plus, there is a net influx of people to our area. They realize what a great place Chapel Hill/Orange County is and move here. This also helps keep our area from suffering the huge peaks and valleys of other areas of the country.
If you’re looking to buy, now is the time! Give me a call.
If your looking to sell, get your house in order and let me show you how to maximize your return in this market.
