Real Estate Market

More good news for the real estate market this week.  Writing in the Wall Street Journal, Nick Trimiraos reported:

Home prices in major U.S. cities rose for the second straight month in June in the latest sign the housing market may be steadying after years of declines.

The S&P/Case-Shiller index for home prices in 20 major cities in the three months ended June 30 was up 1.4% from its level in the three months ended May 31. It was the first time the index rose two months in a row since mid-2006.

The Conference Board also reported an increase in consumer confidence with the percentage of those expecting improvement by year end climbing to 75.8%, the highest level in almost two years.

While the economy is far from out of the woods, we are seeing the signs of recovery nationally which will be a boon to the Triangle market.  We have repeatedly heard from those wanting to move here that they will do so "as soon as we can sell in ..." 

With sales in California, Florida and the Northeast picking up, we expect them to be arriving soon!

We have reported several times on the $8,000 tax rebate for first time home buyers.  Time is running out to take advantage of this incentive. 

To qualify, you must close on the new home by the end of November, which means if you or a family member intends to qualify, you need to be actively looking for your home now.

Each day we are updating selected neighborhoods as new listings come on the market and homes are sold. 

Just go to www.rogersteam.us> Recommended Links > click on the city or county of your choice and then on the neighborhood.

We are sending each neighborhood out through our blog as we complete them.  You can go to The Rogers Team Triangle Blog and subscribe through your favorite reader or RSS feed.

Or you may follow the updates on Twitter by clicking here:

Let us know if there are neighborhoods you would like to see which are not included.  It will be our pleasure to include them.