Mobile Homes and Earnest Money Changes to OTP

Mobile Homes and Earnest Money changes to the OTP in North Carolina are just the tip of the iceberg for changes to forms on July 1, 2022. It is that time of year again where many forms are being updated by the North Carolina Association of Realtors. Licensees across...

Housing Starts Drop

Residential construction for May saw building permits drop -7.0% to 1.694 million nationally, while housing starts dropped by -14.4% to 1.549 million. Both numbers were significantly lower than market expectations for 1.785 million and 1.701 million, respectively....

Triangle MLS Stats for June 17, 2022

Here are the stats for the middle of the month in Triangle real estate based on MLS data. The total number of active listings is 3,670. That is up from a low on March 15, 2022 of 1,280 resulting in an increase of 286%. It is also the highest number of active listings...

Home Price Deceleration vs Depreciation

Have you ever tried to decipher all of the different terms that Realtors use? In an attempt to clarify the difference between “Price Deceleration” and “Price Depreciation,” I would like to talk about the current real estate market. To do this, I need to define a...

Time To Renew Your Privilege License

Jun 16, 2022 By Brian Pate For North Carolina real estate licensees, not only must you renew your real estate license and your firm license (if you have one), but it is also time to renew your privilege license. The tax is still $50.00 for the fiscal year starting on...