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Despite what you are hearing in the media it is a great time to buy in the Triangle!
October 28th, 2008 10:41 AM
The media reports national statistics and of course bad news gets more attention! But the real news in the triangle is much brighter. Mortgage interest rates remain in a very comfortable range. Although increasing inventory is not a positive market indicator, to a buyer it means selection and with an experienced realtor you can find a great house and negotiate a great price. While some inventory is still over priced from a booming market 6-8 months ago, a buyer that is working with an experienced realtor will be able to navigate through this inventory to find their perfect home. The good stats: Currently there is an 8 months supply of homes for sale in the Triangle. Nationally it is 11 months. Closings between July-September 2008 were in the top 10 highest in history in the triangle, which means triangle homes are selling! Home price appreciation in the Triangle is currently +4%. The National rate is -4.5%!!
Real-estate is local so lets start focusing on the local statistics. Rates are still attractive and we have loan programs to fit your needs. Don't forget there is also the Federal Tax incentives for buyers - up to $7500 available until April, 2009. Need a realtor? we can refer an excellent one to meet your buying needs.

Posted by Gina Bierman on October 28th, 2008 10:41 AMPost a Comment (1)

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