Triangle MLS stats for August 11, 2022

Active: Active Listings- 5,295 Avg Resale days on market- 38 Median Resale days on market- 27 Avg List Price- $577,005 Med List Price- $460,000   Pending: Total Pending Listings- 7,339 Resale Pending Listings- 3,388 Resale Pending Avg List Price- $444,946 Resale...

Are We In A Housing Bubble?

Many people are asking, “Are we in a housing bubble?” The simple answer is, “No.” There are no indications that we are in a housing bubble even though we are in the first phases of a recession. A real estate bubble like the 2008 collapse established deep fears in home...

DIY Jobs Sellers Should Avoid

As the pandemic kept people at home, in some cases for more than 18 months, many became overconfident with the “Do It Yourself” (DIY) skills. As the last year has taught us, inspectors are beginning to see red flags with some of the projects sellers have taken on. In...

Bobby Bowden Obituary One Year Later

One year ago today, Bobby Bowden, former head coach of the Florida State Seminoles passed away. As a little boy in Tallahassee, Florida, I remember when Florida State hired Bobby Bowden in 1976 as the head football coach from West Virginia University. FSU had...

Triangle Real Estate Statistics for July 2022

July has been an interesting month in real estate activity in the Raleigh and Durham region of North Carolina. The number of listings is up, as are the number of sales, while days on market has started to shift due to some new rules with the Triangle MLS. A merger...