Inventory of homes for sale is low this spring in the Triangle, according to Tina Caul, listing specialist with The Caul Real Estate Group.
Spokeswoman Mary Catherine Tucker explains a bit of the history of a company born in recession on an upward trajectory.
What a week for economic data points! While many eyes are focused on Friday’s jobs report it was the jobs number that preceded Friday’s data which delivered a disappointing number on Wednesday. The ADP private sector jobs report gave us 119,000 jobs for April, which was a number that fell well below economists’ expectations and provided further concerns that the labor market is still very weak. To add insult to the April data the March report was revised lower by an additional 27,000 jobs.
The 10-year yield moved south on that negative data dropping to a yield of 1.62 on Wednesday. Mortgage rates have also moved lower, becoming the beneficiary of recent weaker than expected economic data.
On the positive side for housing the Case-Shiller home price index delivered good news for February prices earlier this week. According to the report home prices rose 1.2% from January, but were 9.3% higher in year over year data. The continued improvement in prices...Real estate always pays off, says Marti Hampton, leader of the No. 1. ReMax realty team in the country.
Well-positioned, well-priced homes are selling quickly, according to Chris Morton, co-owner of rare Properties.
Featured Blogposts
What would your first thought be if you LOST your cellphone? Mine would be panic ... because of all the contacts, pictures and texts on there. I'm sure you have personal information you'd never want anyone to see.
WRAL and The Fayetteville Observer have joined forces and are now working from the same newsroom to cover the city of Fayetteville, the military and surrounding counties.
- What's on Tap
What's on Tap: Fashion and food for a great causeSunrise Untied Methodist Church is hosting their first fashion show and luncheon, "Fashion For Food," to benefit The Holly Springs Food Cupboard on Saturday.
- @NCCapitol
@NCCapitol: Sharia law ban heads to SenateA proposal to ban the recognition of Islamic Sharia law in North Carolina is headed for the Senate after winning final House approval Thursday.
- WRAL WeatherCenter Blog
WeatherCenter: Low tornado count continues
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