More good news…

North Carolina is looking more and more appealing. As a North Carolinian am I biased? Sure. But you can’t argue with these statistics RealtyTrac released today. North Carolina ranks 25^th in the country in foreclosures.

This can be seen several different ways since the population of NC grew between 2006 and 2007 2.2%. The good news is that it’s not like people are moving into the state and foreclosing. Nevada was the fastest growing state with a rate of 2.9% and also the #1 state in foreclosures. Something to think about.

I translate this into a situation where we are not only increasing our population but they are buying affordable housing and they haven’t overextended themselves.

"The Market"

I am so glad that our local association stepped up to the plate to confirm exactly what I have been thinking- the market here in High Point isn't that bad!

Yes, things have been slow but I think folks have just been holding back because of what the national media has been spewing. What they rarely, if ever, seem to caveat is that real estate is local and what is happening in Miami and San Francisco and Michigan is not necessarily happening elsewhere.

In any event, I am confident that people will soon wakeup from this haze, take advantage of the fantastic interest rates & the buyers’ market, and start buying like hotcakes. Don’t let the media fool you, folks. Do your research, avoid silly loans, and make one of the best real estate moves you’ll make in years to come.

Can you say equity?