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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 10-21-2013, 06:26 AM
 
Location: The 12th State
22,974 posts, read 57,213,700 times
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As demand rises for new homes in the Triangle, inventory levels are not keeping pace as residential building contractors are slow to return to the industry after the recession. Contributing factors are a lack of skilled workers and hesitation to return after the financial devastation in the industry post-recession.

read more here
Inventory of new homes in Raleigh not enough to meet demand
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Old 10-21-2013, 06:30 AM
 
Location: Cary, NC
31,592 posts, read 55,295,005 times
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A large number of not-yet-built and unfinished Parade Of Homes entries brought the point home, too.
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Old 10-21-2013, 07:44 AM
 
Location: Raleigh, NC
11,791 posts, read 27,436,549 times
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So...if you are thinking about putting your house on the market, NOW is the time!

There are buyers, WAITING, for homes in the more desirable areas.

HELP!

Vicki
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Old 10-21-2013, 08:22 AM
 
Location: NC
675 posts, read 618,317 times
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I wish someone would buy my townhome in Raleigh. It's on the market.
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Old 10-21-2013, 08:57 AM
 
9,198 posts, read 21,151,892 times
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Quote:
Originally Posted by VickiR View Post
So...if you are thinking about putting your house on the market, NOW is the time!
Is it?

Quote:
Part of this can be attributed to home prices, which have been slow to rise here and thus have prevented many underwater homeowners from putting their houses on the market.
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Old 10-21-2013, 09:05 AM
 
Location: Raleigh, NC
11,791 posts, read 27,436,549 times
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Quote:
Originally Posted by CHTransplant View Post
Is it?
Supply and demand...

Less supply and more demand (if you are in a desirable area) means you can sell faster.

I currently have two buyers that are WAITING for homes that meet their criteria to come on the market (in an area that they have chosen). So, if you were the seller in this neighborhood with a home that meets their criteria, and was priced right, you'd sell in a matter of days.

So, I believe, now is the right time to sell. Why wouldn't you sell in this market versus the market we had 2 years ago?

Am I not understanding your question?

Vicki
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Old 10-21-2013, 09:49 AM
 
Location: RTP area, NC
1,277 posts, read 3,018,468 times
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I think the poster may have been getting at $$ -- who wants to sell when prices are still lower than when they bought....or could have gotten a few years ago.

We were looking a 1 1/2 years ago, ready to buy and couldn't find a house that was priced in today's market -- the same market we sold our house in.

So...it still has to be priced at what it will appraise for, or no sale...(or the buyer has to cough up extra money between appraised value and selling price or the seller has to drop their price or somewhere in between).
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Old 10-21-2013, 09:56 AM
 
Location: 27609
525 posts, read 1,113,093 times
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I believe that article - I think new home prices are rising quite dramatically in the past 6-12 months just based on my own observations (have been looking at the Holly Springs market for a couple years now). Hopefully resale values will follow suit.
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Old 10-21-2013, 09:59 AM
 
Location: The Triad (NC)
26,837 posts, read 57,830,396 times
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Quote:
Originally Posted by SunnyKayak View Post
As demand rises for new homes in the Triangle, inventory levels are not keeping pace...
How about doing something from the demand end?
It'll cost less too.
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Old 10-21-2013, 10:06 AM
 
Location: Raleigh NC
7,754 posts, read 6,110,007 times
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yes, there will be people who won't sell because they may not have any or enough equity in their home, that is, based upon sale price today vs purchase price then.

But to not sell because of some mythical "I heard what my house was worth on July 10, 2007 and I'll wait until it's worth that again" - that could indeed take some time depending on where your home is.

But there are many many areas and neighborhoods where prices have returned to 2007 levels.
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