Welcome to the Local Real Estate Blog
Posted April 24, 2008 1:48 p.m. EDT
Updated April 24, 2008 2:05 p.m. EDT
If you’re reading this, you’ve probably been absorbing all of the housing/mortgage data - delivered daily from the national media. Most of which can be very confusing and not necessarily applicable to homeowners here in the Triangle. Over the past few months, the housing picture has gotten so bad even Picasso wouldn’t want to paint it…
So… A fresh perspective has arrived for the Triangle reader when it comes to housing information. We’re going to be cutting through all of that oratory – all of housing media’s red tape – and simplifying information so that you can apply it to your home situation here in North Carolina.
For example – What does all of this financial data really mean to you the consumer when the Federal Reserve Bank – from here on out now known as “The Fed” – raises or lowers “rates”? And what exactly are these “rates” anyway - rates of interest on your home loan, car loan, home equity line of credit - or is it the rate of your heartbeat as it races out of control while watching the value of homes drop by the second across the nation?
Well not so fast – the triangle is actually one of the bright spots in the national real estate landscape. We parallel the Media outlets that discuss national trends – to giving a weather forecast for the entire nation… L.A. and Chapel Hill just aren’t the same markets.
So check out this weekly blogpost to get an inside perspective on what is happening to the home and mortgage markets here in the triangle.
Jeremy M. Salemson
Corporate Investors Mortgage Group, Inc.