Home Prices Struggle Across The Country

As 2011 comes to a close, many areas in the country are continuing to see the median price of homes drop. The recent Standard & Poor's/Case-Shiller index showed that for the second month in a row home prices across the country are declining. For the month of October, 19 out of the 20 major metropolitan areas that the index tracked saw home prices decline.

The decline could be attributed to the Fall slowdown that is seen during this time of year as potential buyers get busy with the holidays. The good news is that from April through August we saw a modest rise in home prices in half of the cities that the index tracts. Across the nation, home prices have fallen by a whopping 32 percent since the housing market bubble burst nearly five years ago. The home prices we are seeing now are similar to those that we saw in 2003. Atlanta, Detroit and Minneapolis are the three areas that saw the highest decline in home prices for the month of October. The Phoenix area was the only area tracked that saw a gain in home prices.

It appears that many Americans are still reluctant to jump back in the housing market even though we are nearly two years out of the recession. The continued high unemployment rate and unstable economy continues to be a major factor in what is keeping would be home buyers out of the market.

On a positive note, home sales in the Triangle area are continuing to rise. Home sales in the Triangle area were up 11 percent for the month of November when compared to this same time period in 2010. Pending sales were also up 8 percent for the month.

If you are interested in buying or selling a home in Glen Laurel, contact Rodney Geohagan.  The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.

Home Sales Rise In The Triangle Area

The numbers are in for home sales in the Triangle area for the month of November and the numbers are positive. Triangle home sales, for the month of November, were up 11 percent when compared to this same time period in 2010. In Durham, Johnston, Orange and Wake counties there were a total of 1,169 homes sold according to the Multiple Listing Services data.

Home sales were up and so were pending home sales. The number of pending home sales rose by 8 percent for the month of November. The number of showings on homes, however, decreased by 3 percent during this same time period. When comparing numbers to last year, the last few months have been strong in the Raleigh housing market. Many economists feel that the area is benefiting from a decreased supply of homes on the market. The number of homes listed for sale this past November was 19 percent less than this same time last year.

The average price of homes in the area is $228,600; the number is down 11 percent from last year.  If you are looking to put your Glen Laurel home on the market, on average it is taking 129 days to sell which is up slightly from 110 days a year ago. This is typically the time of year when we see things slow down in the housing market.

If you are interested in buying or selling a home in Glen Laurel, contact Rodney Geohagan.  The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.

Off-leash Dog Park Now a Realty in Clayton

Glen Laurel homeowners and residents of Clayton can now enjoy the benefits of a dog park. The new off-leash dog park opened this past Monday. The long awaited off-leash park opening was expected to open in November, but had to be pushed back as a result of N.C. Department of Transportation finding issues with the new driveway off of Glen Laurel Road. Town Manager Steve Biggs said the DOT required that the driveway be compacted more and extra paving be added along the apron. The city had planned to have the new road paved last Wednesday but, due to inclement weather, it had to be pushed back to Friday.

The parks and recreation department was busy this weekend adding final touches to the park.
The town plans to hold a grand opening for the dog park this spring when the weather is a little nicer. 
The community of Glen Laurel has something to offer everyone and now it can boast easy access to the counties only off-leash dog park.

If you are interested in buying or selling a home in Glen Laurel, contact Rodney Geohagan.  The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.

Make Your Glen Laurel Home Show At Its Best

The temperature is quickly dropping and so may be the number of potential buyers you are seeing come through your home this time of year.  It is essential to make the most of all the showings you have during this time of year to catch the eye of those potential homebuyers in Clayton, NC. 

 Over the past few months, Mother Nature has done her part to help spruce up your home’s curb appeal.  However, now the trees are bare and the flowers have died, and it is time for you to make your home show the best from the outside.  There are a few things you can do to help your home attract traffic, and hopefully an offer, during this time of year.

De-clutter your yard:  When you look around your yard, notice any items that may still be lying around that are left from this summer.  If you have summer lawn furniture that has not been brought indoors, now would be the time to do so.  Do not forget to remove all hoses from the faucet.

What condition is your driveway in:  The warmer weather we have experienced this past summer can do damage to blacktop driveways.  The heat causes asphalt to expand and crack, which can quickly lead to damaged driveways.  If you have these cracks, you will want to get them repaired.  If left unfixed, water will find its way into those cracks and, upon a freeze; it can cause even more damage.

What shape are your gutters in:  When is the last time you have cleaned your gutters?  With the freezing and thawing that occurs during this time of year it’s imperative that your gutters are in good shape and free of leaves and dirt.  When your gutter is clogged, you are at risk for water backing up causing damage to your roof shingles.

Make sure all porches and decks are in perfect condition:  If your porch or deck is in need of repairs and you have put them off, you may want to get those repairs taken care of now.  Heavy snow and ice can cause further damage which could cause the repairs to become more costly in the months to come.

Don’t forget the furnace:  With the arrival of cold weather, a furnace in tip top working condition is what any buyer will be looking for.  Schedule your annual furnace check-up now.  A furnace that is not working properly can endanger your health and potentially cause you to lose a sale.

Keep in mind you will have potential buyers visiting your home and you want it to be a safe and positive experience.  Keeping your driveway and sidewalks shoveled is a must. Keep salt on hand for those days that we have ice.

If you are interested in buying or selling a home in the Raleigh area, contact Rodney Geohagan.  The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late.  There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure.  Rodney has the answer and would love to sit down for a confidential review of your options.