Tuesday, August 20, 2013
What do Triad inventory levels say?
In this video, Budge Huskey, CEO of Coldwell Banker Real Estate answers the question, is the real estate recovery at risk due to the slight climb in interest rates, despite still being at extremely attractive levels?
"I don't think anyone should be surprised by what we are experiencing at this time. This is simply to be expected as part of the recovery," said Huskey.
"Inventories have ticked up, which is what we would expect as we kind of move toward equilibrium at this time," he continued.
Huskey explained it really comes down to what happens in the local markets. Some markets continue to have tight inventories where they have had the most significant price increases. He also suggested to anticipate to continue to see increases in prices as this is what he would consider to be sustainable and healthy.
This is a look at our local inventory in the Piedmont Triad area of North Carolina (new construction to 2 years old), where the report shows a change in market conditions that may be favorable OR likely to be favorable to both buyers and sellers.
Do you think the Triad is showing good signs of recovery?
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