As you review the numbers, here are a few thoughts to keep in mind. Home buyer tax credit/incentives skewed many home sales statistics during a good portion of Year 2010. Typically we hear national news on home sales. The broader the area of coverage the more generalized the results. All real estate is 'local'. Each individual market’s activity or lack thereof is due to multiple factors. The Triangle Real Estate Market is made up of several sub-markets with each city, area, neighborhood, and subdivision performing differently base on numerous factors (ie, convenience to work/shopping, number of jobs/type, schools, local taxes, overall availability of housing, price-point/amenities, etc). During a lack luster housing market/down economy location is especially important. Outer extremities are typically hit the hardest and take the longest to recover. The key to making our housing market turn-around will be growth in the jobs market.

The Law of Supply and Demand in the Real Estate Market.

Market cycles are like a seesaw. It’s the balance between the number of buyers and sellers that create equilibrium.

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