Monthly Archives: November 2010

The Triangle Multiple Listing Service on Tuesday unveiled October statistics for home re-sales in the area comprising Wake, Durham, Orange and Johnston counties. The MLS numbers show 1,067 closed sales of existing homes during October – a decrease of 40 … Continue reading →

WASHINGTON (MNI) – Upcoming data from the Commerce Department and the National Association of Realtors will probably show a mixed performance for housing sales in October. According to a survey of economists by Market News International, existing home sales are … Continue reading →

According to the National Association of Home Builders/Wells Fargo Housing Market Index, a combination of shrinking new home inventory plus higher-quality foot traffic is boosting builder optimism. November’s confidence reading of 16 is the highest since June 2010.The Housing Market Index … Continue reading →

WASHINGTON–(BUSINESS WIRE)–A “debt reduction sales tax” covering items from groceries to new homes and health care proposed today by the Bipartisan Policy Center would result in massive job losses and prolong the nation’s economic downturn, the National Retail Federation said. … Continue reading →

The year of 2010 saw very little improvement in the housing sector, and that’s not likely to change in 2011. The industry’s weaknesses – high unemployment, tight credit, ineffectual government programs, soaring inventories, plunging prices, and so on – are … Continue reading →

#1, RALEIGH-DURHAM Metro Area Population: 1,578,527 Daily Beast IQ Score: 170 Raleigh-Durham has just about every intangible useful in attracting and developing a smart populace: It’s a university hub, including three of the nation’s elite schools (Duke, the University of … Continue reading →

These are places where the jobs are plentiful, and the pay, given the lower cost of living, buys more than in bigger cities. In other words, places unlike much of the rest of the country. The cities, most of which … Continue reading →

Last Friday the National Association of Realtors (NAR) reported that their gauge of Pending Home Sales dropped 1.8% in September from an upwardly revised August reading. The pending sales index reflects signed contracts. Since it typically takes a few months … Continue reading →