Folks, its May already! Currently rates still continue to inch upward but are staying under 5%, currently at 4.75% for a 30 year fix, up from 4.5% or below.
There are deals out there no matter what your taste. Do not wait! With 3 major universities and the Research Triangle Park, the Raleigh market continues to fair well while other markets are depressed. Of all closed properties for example in the Charlotte market, 51% are foreclosures. Ouch!!
I continue to see some incredible deals on land, commercial property and new residential construction. Prices are steady in some areas but have dropped 20% or more in others.
If you would like a list of foreclosures or third party owned properties, call me today! Do not get left behind!! As always, if you or someone you know might be interested in Real Estate, whether it be a building, residential, land or investment property, do not hesitate, give me a call today! And remember, you have a friend in the Real Estate business!
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Catch me and the latest news at, Raleighdowntownbroker.blogspot.com
Patrick Lawson
Broker
Patricklawson@remax.net
Phone: 919-669-3937
Fax: 866-379-3225
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