Triangle Home Sales. The Fed which, in my opinion, has never understood the overall impact of home sales on the economy continues to dangle the threat of more interest rate increases. The national inventory of unsold homes in July hit 3.86 million. Based on the rate of current sales it would take more than 7 months to get rid of it and that is the longest period since 1993. The Fed may not like the idea that the appreciation most home owners have seen in their homes is the main source of capital for the spending they do for major items; but if they want to kill off that source and still hope to see the consumer continue to spend to shore up the economy I would to know what other source of funds they have in mind.
In the Triangle area home sales continue to be very strong without the dizzy increase in appreciation values some other areas have seen. If you have done your homework and know how that translates downline you should be looking long and strong at Raleigh, Durham, Chapel Hill and the surrounding areas. We are seeing more and more investors catching onto the fact that they should be giving the same attention to this area that major corporations, both domestic and foreign, are. Are you? For information about homes and other information concerning this area call me, John Fish, 919-696-3474 or send me an email with what information you would like at marvmax@mindspring.com. It’s FREE so you can’t beat the price.
John Fish (919) 696-3474 Email: marvmax@mindspring.com Website: www.JohnFish.com
