Raleigh Real Estate Blog

The Real Estate Market is Back & Phyllis Wolborsky & The Wolborsky Group have Buyers! Serving Raleigh, NC & the Surrounding Triangle Area

Fri, 19 Apr 2013 03:00:00 GMT

REAL ESTATE MARKET OUTLOOK AS OF APRIL 2013

Existing-Homes Sales Continue Rise

Existing-home sales have risen again, showing 12 consecutive months of year-over-year price increases according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops are on pace to reach 4.98 million annual units, up 10.2 percent compared to February 2012.

NAR chief economist Lawrence Yun sees a strong housing market nationally. "Job growth in the improving economy and pent-up demand are causing both home sales and rental leasing to rise. Though home prices are rising much faster than rents, historically low mortgage rates are still making home purchases affordable," he said. "The only headwinds are limited housing inventory, which varies greatly around the country, and credit conditions that remain too restrictive."

Low Rates Support Affordability

Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 3.53 percent in February, up from 3.41 percent recorded in January 2013. Buyers were accessing rates of 3.89 percent in February 2012.

Gary Thomas, NAR President, sees a great opportunity for home buyers today. "In the history of mortgage interest rates since 1971, the 30-year fixed rate has been below 4 percent in only 15 months, and those have all been in the past 15 months," he said. "Even with rising home prices, affordability remains historically favorable because home prices over-corrected during the downturn. This means there is still great value for buyers in the current market."

The Best Selling Strategy

Sellers, you have an excellent opportunity to sell your home this season, if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.

An Overpriced Home:
· Minimizes offers
· Decreases agents response
· Limits qualified buyers
· Decreases showings
· Decreases prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller

When you are ready, contact us today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!

First Quarter 2013 TMLS Market Update-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Tue, 16 Apr 2013 03:00:00 GMT

Triangle Multiple Listing Service indicates the 1st Quarter of 2013 housing market had positive growth!

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

phyllisdiditagain.com/Properties

In the market to buy or sale real estate please visit my website at www.PhyllisDidItAgain.com or www.AllenTate.com/PhyllisWolborsky to view all of my featured listing and the listings offered by our MLS service. Call Phyllis Wolborsky at 919-876-2372, Visit Brian Wolborsky at www.Raleighhomeguide.com, or call 919-427-9508, call Mitchell Wolborsky at 919-270-1049, Kevin Wolborsky at 919-608-2000. Also Randy Scherr at 919-272-0191.

Have a great day and it would be our pleasure to assist you.

Inspiration For Today: Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Thu, 04 Apr 2013 03:00:00 GMT

INSPIRATION FOR TODAY:

"The only people to get even with are those who have helped you."

~ Anonymous

KEEP THE BALL ROLLING!

Most of us can probably look back over our lives and careers and recall people who have either helped or hindered us along the way. Which group do you think is more worthy of your consideration?

Unfortunately, many people spend too much time worrying about how they’ve been wronged. The bad stuff tends to stick in our minds, and we’re less inclined to recall the positive deeds and actions. While we may LEARN from our negative experiences, we can actually TEACH by demonstrating our positive attitude.

Instead of focusing on those around you who make decisions that set you back, or whose incompetence is driving you nuts, try to take some inspiration and guidance from those who have mentored you or shown an exceptional level of performance. Fight back against those negative influences by raising yourself to the next level.

The most successful and inspirational people around us generally achieve their accomplishments for a greater good. They’re unselfish in their success. They work hard to promote the strength of their company, not just themselves. They volunteer by helping to feed the hungry, visit the lonely, and support those in need. One is not selfish for pursuing one’s own good – selfishness comes from neglecting the good of others.

John Andrew Holmes said, "The entire population of the universe, with one trifling exception, is composed of others." No matter how much you focus on your own goals and achievements, you’re not a fully developed individual until concern for others starts to become more important than concern for yourself.

So don’t worry about “getting even” when you’ve been wronged – it’s a waste of your time, and can’t produce any positive results. Think more about getting even when you’ve been done right! Then you’ll find more and more good things coming your way!

Have a Great Day! Remember. THE MARKET IS BACK!

Phyllis Wolborsky & The Wolborsky Group have 165 collective years of success, expertise and comprehensive real estate experience. We would like to share our knowledge and show you how we can bring you the most amount of money in the least amount of time for your property.

CHOOSE THE BEST IN REAL ESTATE AND YOU'LL BE MAKING A WISE CHOICE.

Carolinas Market Update - March/April 2013-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Wed, 20 Mar 2013 03:00:00 GMT

Choose the Best in real estate and you will be making a wise choice. Call Phyllis Wolborsky & The Wolborsky Group for all of your real estate needs. THE REAL ESTATE MARKET IS BACK!

Inspiration For Today: Phyllis Wolborsky & the Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Mon, 04 Mar 2013 03:00:00 GMT

INSPIRATION FOR TODAY:

"Every man takes the limits of his own field of vision for the limits of the world."

~ Arthur Schopenhauer

"What we see depends mainly on what we look for."

~ John Lubbock

HOW DO YOU SEE IT?

Have you ever wondered why some people never seem to be satisfied? Or why others always have a smile on their face? In both cases, it often has absolutely nothing to do with external factors, but rather how people internalize what they perceive.

A perfect case in point is the story about a gentleman who just moved to a small town where he had recently accepted a job. Pulling into a gas station, he casually asked the attendant, “I’ve never lived in this part of the country - what are the people like here?”

The attendant in return asked, “What are the people like where you came from?” To which the man replied, “Not very friendly. They can be quite rude.” The dismayed attendant commented, “I’m afraid that you’ll find the folks around here to be the same.”

While this little conversation was going on, another car pulled up and the driver called out, “I’m moving to this area soon for a new job. Is it nice here?” The attendant turned to the driver and again asked, “Is it nice where you come from?”

“Well, yeah, it’s great there. The people are nice, and I hated to leave,” the gentleman explained. To which the attendant answered, “Well, you’ll find the same to be true here!”

What the attendant knew - that the first driver didn’t - is that we all see things as we expect to see them. Act positively and expect positive reactions. Act negatively, and . . . well, you get the picture.

If you’re feeling disappointed or unsatisfied, it may not be the result of external forces. It may be time to take a look at your own role in the dynamics of your life. Even if your vision is fine, you might need to correct your lenses!

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

httyllisdiditagain.com/Properties

If you are in the market to buy or sale real estate please visit my website at www.PhyllisDidItAgain.com or www.AllenTate.com/PhyllisWolborsky to view all of my featured listing and the listings offered by our MLS service. Call Phyllis Wolborsky at 919-876-2372, Visit Brian Wolborsky at www.Raleighhomeguide.com, or call 919-427-9508, call Mitchell Wolborsky at 919-270-1049, Kevin Wolborsky at 919-608-2000. Also Randy Scherr at 919-272-0191.

Have a great day and it would be our pleasure to assist you.

Raleigh's New Pedestrian Plan-Phyllis Wolborsky & The Wolborsky Group,Raleigh, NC & the Surrounding Triangle Area

Thu, 28 Feb 2013 03:00:00 GMT

Raleigh's New Pedestrian Plan

Raleigh has a new Comprehensive Pedestrian Plan that provides strategies for enhancing the Capital City's transportation system by promoting walkability.

The plan assesses existing facilities, policies, plans and programs that affect pedestrian mobility; and provides recommendations for improvements. It also includes templates for pedestrian infrastructure improvements, examples of tools and techniques for improving walkability, and a prioritized list of proposed sidewalk projects throughout Raleigh.

The Pedestrian Plan builds on the City's 1992 Americans with Disabilities Act Transition Plan, 1993 Sidewalk Priority Funding Program, the 2030 Comprehensive Plan and Bicycle Transportation Plan. The plan reflects current practices and incorporates new pedestrian-friendly standards and programs.

A review of existing conditions and pedestrian experiences established the following four key priorities:

Installing sidewalks where they are lacking, maintaining sidewalks, making it easier and safer for pedestrians to cross the street, and educating motorists and pedestrians on applicable responsibilities and ordinances pertaining to safety and sharing the road.

The Comprehensive Pedestrian Plan can be viewed by visiting the City of Raleigh's website at http://www.raleighnc.gov and search for "Comprehensive Pedestrian Plan."

For more information, contact the City of Raleigh Office of Transportation Planning at 919-996-2155.

"Let's Talk"-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Wed, 27 Feb 2013 03:00:00 GMT

LET'S TALK

REAL ESTATE!

PHYLLIS WOLBORSKY & THE WOLBORSKY GROUP ARE LOOKING FOR A FEW "GOOD" AGENTS.

Phyllis Wolborsky & The Wolborsky Group's expertise & knowledge of the market, excellent service and a timeless reputation since 1969 will go a long way in furthering your career in Real Estate. Let's Talk!

Recognized locally and nationally for many years! Choose the Best in Real Estate and you will be making a wise Choice!

Lets Talk! Call Me!

919-876-2372 or phyllis.wolborsky@allentate.com

Have a great day!

Phyllis Wolborsky & The Wolborsky Group are here to Assist You with All of your Real Estate Needs, Raleigh, Nc & the Surrounding Triangle Area

Mon, 25 Feb 2013 03:00:00 GMT

I certainly hope everyone is having a great day. It would be our pleasure to assist you with all of your Real Estate needs. If you are in the market for a new home or would like to speak to us about listing your home. Just give us a call.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

httyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

January 2013 Triangle Multiple Listing Service Market Update-Phyllis Wolborsky& The Wolborsky Group, Raleigh, NC And the Surrounding Triangle Areas

Tue, 19 Feb 2013 03:00:00 GMT

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

If you are in the market to buy or sell real estate please visit my website at www.PhyllisDidItAgain.com or www.AllenTate.com/PhyllisWolborsky to view all of my featured listing and the listings offered by our MLS service. Call Phyllis Wolborsky at 919-876-2372, Visit Brian Wolborsky at www.Raleighhomeguide.com, or call 919-427-9508, call Mitchell Wolborsky at 919-270-1049, Kevin Wolborsky at 919-608-2000. Also Randy Scherr at 919-272-0191.

Have a great day and it would be our pleasure to assist you.

Allen Tate Mortgage Weekend Rates-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC and the Surrounding Triangle Area

Fri, 15 Feb 2013 03:00:00 GMT

Mortgage Rates Unchanged To Slightly Higher Heading Into 3-Day Weekend

Treasury rates don't always indicate mortgage rates, but the movement is generally similar. When we see markets consolidating like this it can suggest that the conflict between "higher vs lower" will make for a brisker tailwind for the victor of that argument. In other words, things have been calm (relatively), but they look close to making a bigger move, either back down to 3.5% or firmly up to 3.75% in terms 30yr rates.

CONV 30 YR 3.625 CONV 15 YR 2.875

FHA 3.375 VA/USDA 3.5

JUMBO 30 4.25 JUMBO 5/1 ARM 3.25

AS ALWAYS THANK YOU FOR YOUR REFERRALS – I AM PREQUALIFYING LOTS OF BORROWERS – BUSINESS IS INCREASING – LET ME KNOW HOW I CAN ASSIST YOU

Cindy Pearce Wall, NMLS #37941

Sr. Mortgage Consultant

Licensed in NC

Allen Tate Mortgage Services, Inc. NMLS# 85379

3201 - 101 Glenwood Avenue

Raleigh, NC 27612

919.582.0160 Direct Line

919.345.1298 Cell

800.936.1970 Efax

cindy.wall@allentate.com

http://mortgage.allentate.com/cindy-wall

Click here to apply now!

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Inspiration For Today: The Blame Game! Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Wed, 06 Feb 2013 03:00:00 GMT

INSPIRATION FOR TODAY:

"You can't keep blaming yourself. Just blame yourself once and move on."

~ Homer Simpson of Fox Television's "The Simpsons"

THE BLAME GAME!

Ever made a mistake, or failed at what you set out to do? Here’s some big news that you should already know: You’re not alone!

How many times have you kicked yourself in the pants for screwing up? Fessing up to your mistakes is a mark of maturity, self-confidence, and even progress. Whether admitting it to yourself or acknowledging your fault to others, you know that you simply must pick up from that point, regroup your efforts, and with any luck, not make the same mistake twice.

Cicero wrote, "Any man can make mistakes, but only an idiot persists in his error." We could add that only an idiot persists in his blame. Acknowledge your fault, but once is enough. How will you ever feel competent if you can’t manage occasional mistakes? You’re human, right? So is everybody else, and they will understand.

Don’t dwell on your mistakes, or you’re just making another mistake! You’ll garner more respect if you fail, admit your failure and then avoid another error. Anyone engaging in constant self-blame or over-willingness to accept blame is perceived as weak and ineffectual.

Remember that the winner is the one who made the next-to-last mistake! You and your competition will continually experience challenges that will be managed skillfully or be mishandled. Make sure that your last effort is carried out capably!

Think of your life as a series of games or matches in a long sports career, and consider Bill Vaughan’s words: "In the game of life, it's a good idea to have a few early losses, which relieves you of the pressure of trying to maintain an undefeated season." Nobody wants to lose, but nobody wants to be expected to win every time, either! Be realistic in your expectations, modest in your failures and gracious in your victories!

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Phyllis Wolborsky & The Wolborsky Group are "Winners" at the 2013 Allen Tate Awards Ceremony on January 31, 2013

Wed, 06 Feb 2013 03:00:00 GMT

Phyllis Wolborsky & The Wolborsky Group were proud to attend the 2013 Triangle Awards Banquet at Brier Creek County Club on January 31, 2013. We are proud to be named the #1 Regional Team in all six categories: Listing Units, Listing Volume, Listing Units Closed, Listing Volume Closed, Closed Units, & Closed Volume. The Wolborsky Group also won the Chairman's Circle Award($10M+), The President's Club Award(over $125 in closed volume while with the Allen Tate Company), H. Allen Tate, Jr. Award(Top 100 company-closed units/closed volume), and the Fourth Quarter 2012 VIP Award. All of these awards are very prestigious and took lots of hard work, dedication, and real estate knowledge to achieve.

Phyllis Wolborsky & The Wolborsky Group have a 100 years of collective real estate experience! Of course, there is only one Phyllis! 45 years of experience living through many up and down markets. Even though her hairdos have changed from time to time, Phyllis' expertise and service have remained constant since 1969. Being recognized locally and nationally, The Wolborsky Group maintains stability and comprehensive experience in the entire Triangle area. You can be assured that when you reach out to anyone in the group, we will quickly build a lasting relationship. Call us today. It will be our pleasure to work for you.

Choose the best in real estate and you will be making a wise choice.

919-876-2372

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Existing Home Sales Finish Strong For 2012-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Tue, 05 Feb 2013 03:00:00 GMT

Existing Home Sales Finish Strong

Existing-home sales were up 9.2 percent in 2012, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops reached 4.65 million units in 2012, the highest volume since 2007 when it reached 5.03 million units.

Demand remains strong despite a slight sales decrease in December, says NAR chief economist Lawrence Yun. "Record low mortgage interest rates clearly are helping many home buyers, but tight inventory and restrictive mortgage underwriting standards are limiting sales," he said. "The number of potential buyers who stayed on the sidelines accumulated during the recession, but they started entering the market early last year as their financial ability and confidence steadily grew, along with home prices. Likely job creation and household formation will continue to fuel that growth. Both sales and prices will again be higher in 2013."

Mortgage Rate Update

Home buyers are seeing some of the best mortgage rates in modern history. The average commitment rate for a 30-year mortgage was at a record low 3.35 percent in December, according to Freddie Mac. This rate was 3.96 percent at the end of 2011.

Gary Thomas, NAR President, expects our stable markets to continue. "Although mortgage interest rates should gradually rise as the year progresses, they're expected to stay below 4 percent during the first half of the year, meaning qualified buyers generally can stay well within their means."

"Although tight inventory is limiting home sales in many areas, overall sales are expected to stay on an upward trend. The biggest impact of tight inventory is upward pressure on home prices, but after values fell below replacement construction costs, prices are still affordable in most of the country."

The Best Homes Sell Fast

Smart sellers understand that a proactive selling strategy can go a long way in getting their home sold quickly, and for top dollar. Here are three tips for today’s sellers:

Make your home shine. Buyers like to envision a home they can move right into. Clean carpets, fresh paint, and a nicely landscaped yard can go a long way to make perspective buyers feel at home.
Anticipate the selling season. Many sellers wait for the market to pick up before they place their home for sale, but smart sellers anticipate these seasonal adjustments and list their homes early in the sales cycle. Give yourself the best opportunity by placing your home on the market before everyone else does!
Price your home right. Markets change, so don't be influenced by last year's selling activity and home prices. We will evaluate your home based on the most recent sales data and price it to sell for the most money in the shortest amount of time.

Whether you're looking to sell today or are thinking of selling tomorrow, please feel free to call Phyllis Wolborsky & The Wolborsky Group ask for our recent market activity. We would be more than happy answer any questions you might have.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Inspirational Thought For The Day! Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC The Surrounding Triangle Area

Thu, 31 Jan 2013 03:00:00 GMT

INSPIRATION FOR TODAY:

"The philosophy of the classroom in one generation will be the philosophy of the government in the next."

~ Abraham Lincoln

TEACH VALUES 101!

What do children and government have in common? That depends on which classroom you visit. If you have children and are actively involved in their lives, you are likely to encounter a classroom filled with intelligent, interested, involved and respectful children.

Unfortunately, many teachers today will tell you that's not what they are seeing. In some 1st & 2nd grade settings, children fall asleep because they spent the night in the family car while mom or dad sold drugs. Others are antagonistic and disrespectful, traits also learned from other family members. Still others are raised in a "no rules" family, where parents simply abdicate their parental responsibilities.

Many parents still take their responsibilities seriously. In fact, there appears to be a resurgence of young parents who teach their children the values of honesty, integrity, and service to others. It's about time. If you're one of them, I applaud your commitment to making the world a better place.

There has also been a dearth of honesty, respect and morality over the past 30 years or so. Children brought up during that time often experienced the negative effects of a no rules society. Today those same individuals are beginning to lead companies and be elected to office, yet we are surprised that company CEO's and elected officials could ever lie and mislead as they have been exposed to do recently.

As the children of today's classrooms are disposed to believe and behave, so will they as the adults of tomorrow's generation. Whether you are a parent, grandparent, aunt or uncle, you can make a difference for the next generation of leaders. Take time to encourage, nurture, and teach the children in your family. Sometimes, a single comment or gesture can give a child the impetus to become great.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Insurance Tips-by John Stilley-Allen Tate Insurance Services-Phyllis Wolborsky & The Wolborsky Group,Raleigh, NC & the Surrounding Triangle Area

Fri, 25 Jan 2013 03:00:00 GMT

The insurance tip is below. If you click on the picture, you should be able to watch the video. I’ve attached the link as well. Have a great weekend and be safe!

http://blog.central-insurance.com/2013/01/24/catalog-your-contents-for-a-better-claims-experience/

Catalog Your Contents for a Better Claims Experience!

I recently handled a theft claim where a home was broken into while the insured and her husband were running errands. The burglars broke in through an exterior door in the back of the home and took twenty years’ worth of jewelry. The insured had collected much of the jewelry during her travels, so in addition to the monetary value of the items, they also held a deep sentimental value.

What made this claim unique for me as an adjuster was the detailed information I received from the insured documenting her claim. Several years ago she and her husband took their camera and went room-by-room photographing the contents of their home. They opened drawers, closets, and even photographed items in her jewelry box. They kept these photos in a safe deposit box at a different location than their home in case of a fire. After the burglary, the insured was able to send me photos of several of the items that were taken, and even provided a photograph of the jewelry box that was stolen. She also kept receipts for most of the jewelry purchases. These receipts helped me with descriptions of the items and assisted with determining values.

This claim is a perfect example of why it’s important to document your valuables and retain receipts and paperwork of your purchases. Photographs, receipts, model numbers, owner’s manuals, etc. will all be helpful sources of information if you ever have to make a claim for your personal property. This is extremely important if you ever experience a total loss such as a fire and have to make an inventory of all of your belongings.

So don’t put it off another day. Watch our video (above) for some tips on completing a household inventory, then grab your camera and start shooting!

John B. Stilley

Insurance Broker

Allen Tate Insurance Services

919-417-8643, mobile

919-582-0164, office

800-719-0678, efax

john.stilley@allentate.com

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Triangle Home Sales Are On The "UpTick" for 2013-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Areas

Mon, 21 Jan 2013 03:00:00 GMT

Home sales seem to be on the "Uptick" for 2013. The market has finally turned the corner and I feel the buyer demand will continue to strengthen in 2013. I believe the lack of inventory will be more of a factor than the lack of buyer's. Home prices will continue to rise due to supply and demand. Distressed properties will decrease due to the supply and demand for inventory in certain areas of the Triangle. Seller's will also begin to buy their dream homes. The last several years seller's have not been able to sell their homes at the value needed to "Move-Up". Now with the 'Uptick" in the market seller's will realize that now is the time to make the move to their dream home. First half of 2013 will have sellers/buyers beginning to think about their "Dream Home" purchase. Now is a great time to buy since we know we will have more stringent mortgage qualifications sometime this year.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Triangle Home Sales Increase 32 Percent in October-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas

Mon, 19 Nov 2012 03:00:00 GMT

Printed from the News & Observer - www.NewsObserver.com

Published Thu, Nov 15, 2012 08:11 PM
Modified Thu, Nov 15, 2012 08:13 PM

Triangle home sales increase 32 percent in October

By David Bracken - dbracken@newsobserver.com

Published in: Real Estate News

The Triangle housing market’s run of strong sales months has continued into the fall, with sales increasing 32 percent in October compared to the same period a year ago.

There were 1,631 homes sold during the month in Durham, Johnston, Orange and Wake counties, Triangle Multiple Listing Services data show.

Pending sales were up 34 percent, while showings increased 16 percent. The average days on the market for homes that sold in October was 114 – down from 123 days during October 2011.

The average price of the homes that sold in October was $233,800 – up 3 percent from the previous year.

The Triangle has recorded double-digit increases in sales in each of the first three quarters of 2012. The region’s recovery is still being driven by rising sales and a rapidly dwindling supply of homes on the market.

Listed for sale in October were 8,474 homes – down 20 percent from the same period last year and off 35 percent from two years ago. The Triangle now has a five-month supply of homes on the market at the current pace of sales.

“Inventory keeps decreasing, that’s the biggest issue,” said Stacey Anfindsen, a Cary appraiser who analyzes MLS data for area real estate agents. “… I’m kind of amazed that the decreases are still at the 20 percent mark.”

He noted that at one time it was a big deal when the Triangle’s inventory of homes fell below 10,000. Anfindsen is predicting just a few more months of inventory declines before things level out.

Several reasons are cited for the dramatic declines in inventory.

“I think the decrease in new construction over the past few years has really caught up with us,” said Phyllis Brookshire, a senior vice president with Allen Tate Real Estate. She said the lack of new construction, combined with pent-up demand, has combined to eat up much of the existing inventory.

October is typically the beginning of the slow season for the region’s housing market, with fewer people looking to buy. Brookshire said that hasn’t been the case this year for Allen Tate.

“We saw no drop-off in demand, and we’re listing a ton of houses because there’s no competition,” she said.

New home construction also appears to be ramping up as builders prepare for next year’s spring selling season.

The number of new single-family permits issued in Wake County in October was 83 percent higher than during the same period last year, according to data compiled by the Home Builders Association of Raleigh-Wake County. Permits are up 30 percent in Wake through the first 10 months of this year.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

Inspiration For Today: " Nothing Ventured-Nothing Gained"-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Areas

Thu, 08 Nov 2012 03:00:00 GMT

INSPIRATION FOR TODAY:

"Many people avoid risk when it is really fortune's accomplice."

- Sting

SPIN THE WHEEL OF FORTUNE!

When Captain Meriwether Lewis & William Clark led the Corps of Discovery in 1804, what were the risks? Grizzlies? Attack by unfriendly natives? The unknown? In the masterpiece book, "Undaunted Courage," it is clear that Lewis & Clark faced those and many other unexpected challenges to their expedition into the great Northwest via the Missouri River. Without their courage, their tenacity, and their curiosity, much of the northwest corner of our country would likely not be part of the United States.

On a different level, a five-year-old mounts her bicycle and pushes off from the curb. Fear grips her tender heart, yet she makes the effort. Her reward? She has learned to succeed by trying - by taking measure of the risk of a bruised knee vs. the thrill of achievement.

So what risks have you taken lately? Have you dared take a new direction in anticipation of some hitherto unknown fortune? Have you dreamed "outside the box" and then taken steps to bring your dream to fruition? If not - why not?

Perhaps you want to expand your career objectives. You may need to risk capital, effort, and even ridicule from your business associates. When you succeed, you risk standing out from the crowd - an uncomfortable position to some.

Maybe you want to communicate more fully with your children, but dread the risk of alienating them through frank discussions of sensitive issues.

Common expressions like "Nothing ventured - nothing gained" are not words from some Casper Milquetoast. They are sound advice from someone who has taken the risk and gained the fortune. No matter what fortune you desire, it is available to you only when you are willing to take that all-important "first step." Not a single good in life comes by staying in bed with the covers pulled over your head. Go ahead, seek your fortune and step out from the crowd.

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

House Sales in the U.S.-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas

Wed, 07 Nov 2012 03:00:00 GMT

Based on NAR’s September Existing Home Sales Report (compliments of Keeping Current Matters).

View some of Phyllis Wolborsky and The Wolborsky Groups Listings and let us know if we might schedule a showing.

http://www.phyllisdiditagain.com/Properties

Have a great day and it would be our pleasure to assist you.

view Phyllis Wolborsky & The Wolborsky G Identity Theft is Alive-Are you Protecti

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Carolina Market Update for November/December 2012- Real Estate News & Trends-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas

Mon, 05 Nov 2012 03:00:00 GMT

I would like to share Allen Tate's Carolina Market Update. The bi-monthly video with the latest Real Estate News and Trends. Please let me know if you have questions. It would be our pleasure to assist you with all of your real estate needs.

Have a great day.

Raleigh Real Estate Blog

The Real Estate Market is Back & Phyllis Wolborsky & The Wolborsky Group have Buyers! Serving Raleigh, NC & the Surrounding Triangle Area

First Quarter 2013 TMLS Market Update-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Inspiration For Today: Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Carolinas Market Update - March/April 2013-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Inspiration For Today: Phyllis Wolborsky & the Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Raleigh's New Pedestrian Plan-Phyllis Wolborsky & The Wolborsky Group,Raleigh, NC & the Surrounding Triangle Area

"Let's Talk"-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Area

Phyllis Wolborsky & The Wolborsky Group are here to Assist You with All of your Real Estate Needs, Raleigh, Nc & the Surrounding Triangle Area

I certainly hope everyone is having a great day. It would be our pleasure to assist you with all of your Real Estate needs. If you are in the market for a new home or would like to speak to us about listing your home. Just give us a call.

January 2013 Triangle Multiple Listing Service Market Update-Phyllis Wolborsky& The Wolborsky Group, Raleigh, NC And the Surrounding Triangle Areas

Allen Tate Mortgage Weekend Rates-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC and the Surrounding Triangle Area

Inspiration For Today: The Blame Game! Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Phyllis Wolborsky & The Wolborsky Group are "Winners" at the 2013 Allen Tate Awards Ceremony on January 31, 2013

Existing Home Sales Finish Strong For 2012-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Area

Inspirational Thought For The Day! Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC The Surrounding Triangle Area

Insurance Tips-by John Stilley-Allen Tate Insurance Services-Phyllis Wolborsky & The Wolborsky Group,Raleigh, NC & the Surrounding Triangle Area

Triangle Home Sales Are On The "UpTick" for 2013-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Areas

Triangle Home Sales Increase 32 Percent in October-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas

Triangle home sales increase 32 percent in October

Inspiration For Today: " Nothing Ventured-Nothing Gained"-Phyllis Wolborsky & The Wolborsky Group, Raleigh, NC & The Surrounding Triangle Areas

House Sales in the U.S.-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas

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Carolina Market Update for November/December 2012- Real Estate News & Trends-Phyllis Wolborsky & The Wolborsky Group-Raleigh, NC & The Surrounding Triangle Areas