About Guilford County, NC

Nationally, housing starts came in lower than expected and banks are maintaining the current pace at which they put foreclosures on the market. Both of these have the effect of keeping inventories in line and home prices stable.

The Consumer Price Index came in at an annual rate of 3.6% and , at its current pace, the Fed will run out of money to buy mortgages next March. Both of these have the effect of pushing rates up.

What does this all mean? Housing prices will not go down and rates will go up, by the end of March, 2010. Folks, it's not rocket science.

Yes unemployment is high, but it's a lagging indicator. It will continue to go up even as the economy improves, and won't come back down significantly until 2011. But if buyers pay attention to the doom and gloom, they will miss out on the MOST affordable housing they will see in their LIFETIME.

This week, rates ranged from 4.75 - 5.0% depending on program, credit and points.

The above was provided by..........
LuAnn Davis
Sr. Loan Officer
WR Starkey Mortgage
Greensboro, NC 27401
Cell: 336.253.7220
eMail: ldavis@wrstarkey.com
Website: www.davisteamlending.com

Guilford Hills, Greensboro, NC Real Estate Market Information as of 11/6/2009

For the complete report, along with lists of all homes for sale, under contract and sold in Guilford Hills, please visit www.greensboro.featuredblog.com.

Active Homes For Sale in Guilford Hills:

• Number of homes for Sale: 13
• Average Asking Price: $147,115
• Average Days on Market: 85

Pending Homes in Guilford Hills:

• Number of Pending Homes: 2

Sold Homes in Guilford Hills Since January 1, 2009

5 homes closed in October and 5 closed in September.

• Number of Homes Sold: 35
• Average Asking Price: $138,451
• Average Sold Price: $133,494
• Average SP/LP ratio (what % of asking price did homes sell for): 96.4%
• Average Days On Market: 70

All data gathered from the Triad MLS 11/6/09 and is believed to be correct. Some For Sale By Owner purchases and sales may not be included in this report.

Kirkwood, Greensboro, NC Real Estate Market Information as of 11/6/2009

For the complete report, along with lists of all homes in Kirkwood that are for sale, under contract and sold, please visit www.greensboro.featuredblog.com

Active Homes For Sale in Kirkwood:

• Number of homes for Sale: 14
• Average Asking Price: $213,414
• Average Days on Market: 144

Pending Homes in Kirkwood:

• Number of Pending Homes: 2

Sold Homes in Kirkwood Since January 1, 2009

• Number of Homes Sold: 19
• Average Asking Price: $238,416
• Average Sold Price: $233,126
• Average SP/LP ratio (what % of asking price did homes sell for): 97.8%
• Average Days On Market: 57

All data gathered from the Triad MLS 11/6/09 and is believed to be correct. Some For Sale By Owner purchases and sales have not been included in this report.

Lindley Park, Greensboro, NC Real Estate Market Information as of 11/6/2009

For the complete report, along with lists of all homes for sale, under contract and sold in Lindley Park, Greensboro, NC, please visit www.greensboro.featuredblog.com.

Active Homes For Sale in Lindley Park:

• Number of homes for Sale: 19
• Average Asking Price: $183,784
• Average Days on Market: 102

Pending Homes in Lindley Park:

• Number of Pending Homes: 2

Sold Homes in Lindley Park Since January 1, 2009

• Number of Homes Sold: 34
• Average Asking Price: $178,184
• Average Sold Price: $170,997
• Average SP/LP ratio (what % of asking price did homes sell for): 95.6%
• Average Days On Market: 71

All data gathered from the Triad MLS 11/6/09 and is believed to be correct. Some For Sale By Owner purchases and sales have not been included in this report.

Starmount, Greensboro, NC Real Estate Market Information as of 11/6/2009

For a complete report, along with lists of all homes for sale, under contract and sold, please visit www.greensboro.featuredblog.com.

Active Homes For Sale in Starmount:

• Number of homes for Sale: 35
• Average Asking Price: $545,034
• Average Days on Market: 128

Pending Homes in Starmount:

• Number of Pending Homes: 2

Sold Homes in Starmount Since January 1, 2009

Number of Homes Sold: 33

• Average Asking Price: $312,233
• Average Sold Price: $298,682
• Average SP/LP ratio (what % of asking price did homes sell for): 95.6%
• Average Days On Market: 74