North Carolina- Awesome real estate value for the dollar

A new article in the Tar Heel REALTOR publication that we real estate types receive talks about how different NC seems to be from the rest of the country. Luckily, this is a positive thing.

When the “bubble” was at its apex only a year or two ago, I was a bit dismayed that the Triad was not involved at first. It was a sellers market and, frankly, it would have been nice to reap some of the benefits from that. However, we in the Triad can honestly say our market is not overpriced.

I have lived in this area for 16 years and even though housing costs have gone up, we are still nowhere near some of the more expensive places to live in the country- New Jersey, Connecticut, Hawaii, New York etc… Even North Carolina’s biggest cities are reasonable compared to those states.

Tim Kent, the Executive Vice President of the North Carolina Association of REALTORS points out in an article this month that while the rest of the country is feeling the bubble burst, North Carolina is not only doing well, our sales are up.

The prediction is that nationwide, home sales should be down 6.5% by the end of the year from last year. However, North Carolina shows our sales UP 9% in existing home sales for the first half of 2006.

Ahh, yet another reason why its good to live in NC!

P. S. Check out this article in the Business Journal:

http://www.bizjournals.com/triangle/stories/2006/09/04/daily20.html?jst=b_ln_hl