Home equity is essential to the economic recovery of our nation because it is the key to the health and growth of small business.

"The long term driver of the US economy has always been small business.," Lawrence Yun stated in his keynote address to the North Carolina Association of Realtors at The Greenbriar, WV on September 11, 2011. Small businesses do not get their capital on Wall Street with IPOs. Small business is funded with the equity value in homes. Remember a few small business that have grown to power America, Microsoft, Apple, FedEx and even GE.

See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011

New home sales at a 40 year low!

Home equity is essential to the economic recovery of our nation because...

Real Estate Outlook for 2011 and 2012

Recent home buyers are successful!

Mortgage Interest Deduction was not the source of the bubble! How do I know?

Job Recovery. What is it's impact on economic and housing recovery?

Improving factors for higher home sales

Speaking of interest rates. How low can you go?

Smart money is always one step ahead and they are...

The moral of the story is...

How to increase home sales by 20% right now!

Unemployment claims as a bell weather factor in recovery.

FREE weekly list of HOT properties in Emerald Isle and the Crystal Coast.

Real Estate Outlook for 2011 and 2012

According to Lawrence Yun, the Chief Economist of the National Association of Realtors the real estate outlook for the next two years is improving.

Home sales recovery and home sales will continue to be slow. The job market will improve over the next two years. Mortgage rate to increase, but compared to the stricter underwriting standards not as impactful. 

FREE weekly list of HOT properties in Emerald Isle NC

August, 2011 Market Report

When Comparing closed listings from August 2010 vs. March 2011, number of sales are up 25%. The number of Pending Sales has decreased 11.1% year over year comparison. While there are still a large number of listings currently available, that number has dropped 11.1% year to date.

The average sales price year to date is $469,988 (up 6.87% from 2010), and the average List Price in 2011 (year to date) is $579,259 (down 6.39% from 2010).

For more information about current Market conditions and Homes for sale in Emerald Isle, North Carolina, give me a call.

According to Lawrence Yun, NAR Chief Economist, new home sales are at a 40 year low.

On September 11, 2011, Mr. Yun spoke at the North Carolina Association of Realtors Convention at The Greenbrier.

He says that builders aren't building for two reasons:

All this is creating "pent up demand."

See my other blog posts with Lawrence Yun videos from the North Carolina Real Estate Convention at the Greenbrier 2011

New home sales at a 40 year low!

Home equity is essential to the economic recovery of our nation because...

Real Estate Outlook for 2011 and 2012

Recent home buyers are successful!

Mortgage Interest Deduction was not the source of the bubble! How do I know?

Job Recovery. What is it's impact on economic and housing recovery?

Improving factors for higher home sales

Speaking of interest rates. How low can you go?

Smart money is always one step ahead and they are...

The moral of the story is...

How to increase home sales by 20% right now!

Unemployment claims as a bell weather factor in recovery.

Copyright © 2009 by Kathryn Gorham, All Rights Reserved. Permission granted to re-blog or re-print with the stipulations that you do not alter the original content and that you provide a link back to this article in the re-blog or re-print. New home sales at a 40 year low!