November 20, 2008 All markets are different. During the next few years, some housing markets will turn around faster than others. How do you know when your particular market has reached its bottom? If you wait until others pick over the great deals, you'll miss the bottom. Keep a track of how many properties are listed from month to month. Once you start to see a reduction in inventory then that may mean that buyers are starting to buy. There could be two reasons whey inventory is reducing – overpriced homes may be taken off the market and sales volume could be picking up. You can find out this information from your local real estate agent. Keep reading national and local newspapers. If your local media reporters are now starting to interview experts in your market and asking questions like, “Have we reached the bottom?” then that might be a sign that there may be a shift. Talk to your friends and co-workers. How are they feeling about your local economy and housing prices? Are they more optimistic now than they were 3 months ago, or even last month? Consumer confidence will be a big part in the housing market turning around. Be on the lookout for mortgage interest rates stabilizing and mortgage companies start to ease lending restrictions. One of the biggest indicators is when prices have stopped dropping. The secret is to buy before they start to inch back up again! I’m not suggesting that you wait till the absolute bottom of your market to buy. You have to look at a home as a place to live, not an investment. Only you can determine what an affordable monthly payment is relative to the value of the home you are purchasing. There are individual homes for sale that can be bought at the bottom of your market, even if homes in general have not reached that mark. Talk to a trusted real estate agent – we can help! This is an inactive RePage. If you are Kathy Sherron Ridick and wish to reactivate this page, please visit www.RePagesOnline.com for instructions.

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3914 Victoria Townes Lane, Raleigh NC 125 Shawnee Drive, Louisburg NC

Local Information for Raleigh, NC

Latitude: 35.818835 -- Longitude: -78.64459

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ZIP Codes for Raleigh, North Carolina	27601  27602  27603  27604  27605  27606  27607  27608  27609  27610  27611  27612  27613  27614  27615  27616  27617  27619  27620  27621  27622  27623  27624  27625  27626  27627  27628  27629  27634  27635  27636  27640  27650  27656  27658  27661  27668  27675  27676  27690  27695  27697  27698  27699
Area Code for Raleigh, North Carolina	919
Time zone for Raleigh, North Carolina	EST

Other Area Cities:   Apex, NC  Wake Forest, NC  Holly Springs, NC  Raleigh, NC  Cary, NC  Clayton, NC  Knightdale, NC 

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Raleigh is the capital of North Carolina. As of the 2000 census, it had a population of 276,093. Durham, Chapel Hill and Raleigh make up the three cities of the Triangle which is a research park created in 1959. Although the median home price has topped $200,000, homes are available in all price ranges, and the area is still more affordable than many other regions with similar economies. Raleigh's proximity to both the Atlantic coast and to ski slopes in NC and VA make it an ideal location. Raleigh's temerate climate allows for year-round activities such as golf, hiking, biking, fishing - some even in the city thanks to the parks and greenways system. Some of the most renouned museums in the South are located in Raleigh, as well as the NC Symphony orchestra. The BTI Center for the Performing Arts is one of the best in the country. Sports fans will discover many outlets for their enthusiasm - from ACC basketball to college teams. -- Source: Wikipedia.com