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Archive for May, 2009

FOR THE RECORD: The Real Facts of N.C. Real Estate

Tuesday, May 19th, 2009

Issue 3, May/June 2009

FORECLOSURE FACTS

  • While foreclosure filings rose 24 percent nationally, the number of foreclosures in North Carolina fell 42 percent in the first quarter from the same period last year.
  • In the latest quarter, North Carolina ranked 36th in the nation for foreclosure filings.
  • In March alone, foreclosure filings fell 40 percent when compared to the same period last year.

ECONOMY

  • Six N.C. cities – Raleigh, Durham, Asheville, Wilmington, Winston-Salem and Charlotte – were
    among the top 20 “Best Metros” in the country for business and careers, according to Forbes.
  • In a recent study from the National Low Income Housing Coalition, North Carolina ranked 21st in
    affordable housing.
  • North Carolina recently was named the second best state in which to conduct business, according to
    Chief Executive magazine.

HOMEOWNERSHIP

  • Nationally, the median existing-home price increase for all housing types from February to March was 4.2 percent, much higher than the typical 1.8 percent seasonal increase between those two months.
  • The National Association of Home Builders recently announced that half of all U.S. households (55 million to be exact) can now afford to buy the median priced $200,000 new home. That’s up 45 percent in the past 24 months.
  • Home-builder confidence was in the double digits in April for the first time in six months.
  • First-time homebuyer activity has surged. In March, first-time homebuyers accounted for 53 percent of transactions.
  • The average price of a home in March 2009 has increased approximately 20 percent when compared
    to March 2000.

Click Here to view a PDF version of this information.
Published by the North Carolina Association of REALTORS®

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