It is a buyer’s market when it comes to real estate in Raleigh, North Carolina. It is not the best time to be a seller, but to be a buyer the conditions could not be better. Low interest rates, home values and inventory all point to buy, buy, buy. The only thing standing in the way is money, but if people can get money and they are in the right place at the right time, buying real estate is a great idea. Click here to view my listings: http://www.phyllisdiditagain.com/myhomes.asp. If the real estate market were a car the first time home buyer would be in the driver’s seat. Not only to first time home buyers get to take advantage of low mortgage rates, low home values, and a decent inventory of homes for sale, but they also don’t have to sell a home before they buy a home.

There may not be a better time to be a home buyer, especially a first time home buyer, for a long time. The first part of 2010 displays ideal conditions to get out there and start looking.  According to Hanley Wood Market Intelligence, a California research firm the Raleigh-Cary market ranks first in the nation. The rankings are based on home prices, employment conditions and income growth potential. Based on end-2010 economic forecasts, I think Raleigh will be the healthiest of the largest 100 markets in the country. Raleigh comes out on top because of stronger employment conditions, moderate household income growth, and continued strong household formation. the market still is expected to see minor home price declines (approximately 3 percent decline expected for 2010 over 2009) which is one factor that keeps the market from being even stronger. John Ward, Senior VP, Wachovia says The Triangle is the strongest rgional economy in North Carolina. The Triangle employment base is in government, universities, and technology which don’t have huge layoffs so the economy here does not have huge cycle swings.  Let Phyllis Wolborsky & The Wolborsky Group be your trusted advisor when it comes to your real estate decisions in the Raleigh-Cary and Triangle markets. Call me at 919-8786-2372 or email me at phyllis.wolborsky@allentate.com

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