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The Long and Short of It

Markets go up, markets go down.  Sometimes we see it coming, sometimes we don't.  It all depends on what both consumers and businesses are buying, and when.  How can we tell if and when real estate will recover?

We need to ignore short-term fluctuations, like the spike in home sales last November, when buyers thought the first-time tax credit would expire.  Then sales rates dropped significantly when Congress extended the tax credit and removed that original sense of urgency.

We need to pay attention to long-term forecasts instead.  Consider that homeownership increases by roughly 1 million each year.  There are 4 million births, 2 million deaths, 1 million new immigrants, 2 million weddings and 1 million divorces each year.  All of those events spur people to buy and/or sell a home.

Crunch the numbers, and you'll see that we can expect roughly 60 million home sales in the next decade.  Regardless of the subprime mortgage debacle, and the ensuing foreclosure crisis, real estate will remain on the rails, an unstoppable freight train barreling towards homeownership.

Just as surely as the market sees recovery, buyers and sellers still need representation in these transactions.  A recent survey by the National Association of REALTORS® reveals that 80% of buyers and sellers would recommend their agent to family and friends.  That's a loud signal of the value of representation. Call me today to get your house SOLD, I have buyers. Call me at 910-997-2260 or visit my Web site at www.NicoleHayden.com

Exit Realty of Rockingham holds Technology Training

Broker/Owners Tim and Nicole Hayden ordered pizza for their agents while they attended technology training friday evening. Many items were discussed that will be beneficial to our sellers. Bobby Chambers was a few minutes late, however, he was on a listing appointment so he was excused with homework.  Jami Smart was excited as she learned new ways to promote her clients listings online! Real estate in Rockingham NC has seen alot of activity with the onset of Spring.

Marc Baysek obtained a new listing today as well at 130 Church Street Hannah Picket priced to sell at $37,000!! We are picking up a number of new listings to provide for all buyers in the Richmond County NC real estate market.

 

Rockingham, NC Realtors from Exit Realty Platinum attend Regional Awards Banquet

Today was a GREAT DAY for Richmond County Realtors from Exit Realty Platinum as they attended the Regional Awards Banquet for Exit Realty. Broker/Owners Tim and Nicole Hayden as well as agents Bobby Chambers, Marc Baysek, and Jami Smart were in attendance as both Regional and National Speakers Key Yassad, Tami Bonell and Bob Mckinnon  were there to work with agents on helping their clients move their real estate faster and easier. Exit Realty Platinum was awarded the Pinnacle Award for the highest per agent productivity in North Carolina which means alot to me as it takes everyone working together to accomplish this feat!

 Realtors Jami Smart, Tim and Nicole Hayden, Bobby Chambers, Marc Baysek, President of US Operations for Exit Realty Tami Bonell with the Pinnacle Award

Always striving to become better at client relationships and market trends, the speaker/trainers did a wonderful job of getting the word out that their is good news in the real estate market contrary to what mainstream media would have you believe. According to the NAHB/Wells Fargo affordability index:

"Nationwide housing affordability surged at year-end 2008 to its highest level in at least five years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).

The HOI indicated that 62.4 percent of all new and existing homes that were sold in the final quarter of 2008 were affordable to families earning the national median income of $61,500, up considerably from the 56.1 percent of homes that were affordable to such families in the previous quarter and the 46.6 percent of homes that were affordable to them at the end of 2007.
“Falling home prices and very favorable mortgage rates both contributed to the housing affordability gains we saw in the fourth quarter of 2008,” said NAHB Chairman Joe Robson, a home builder from Tulsa, Okla. “However, at the same time, worsening economic conditions, historically low consumer confidence and uncertainty about future home prices kept many qualified buyers on the sidelines."
While credit is seeing some tightening underwriting standards, interest rates are at historic lows which are allowing buyers to get more home now than they will be able to get as rates begin to rise. First Time homebuyers are also seeing opportunity as they find they can buy a home very close to what they have been paying in rent and begin building equity.
For more information on how you can benefit from today's local real estate market in Richmond County NC, including Hamlet and Rocingham please contact:
Nicole Hayden
Nicole@MovingwithNicole.com
910-995-0717
or visit my website at www.NicoleHayden.com

639 Old Cheraw Hwy in Richmond County is Sold!

Sold

Richmond County, North Carolina  -  The single story at 639 Old Cheraw Hwy has been sold.

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Single Story For Sale in Cordova

Front
Cutie Pie

• 1 bath, 2 bdrm single story - $55,000 - Own for less than rent!!!

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Single Story For Sale in Richmond County

Front

• 1,334 sq. ft., 2 bath, 3 bdrm single story - MLS® $99,900

 -  Be the first to live in this NEW Construction Home! Cathedral ceilings, walk-in closet, pantry, deck, tile floors in bathrooms and a large kitchen!

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TBD OG Reynolds in Ellerbe is Sold!

Sold

Ellerbe, Richmond County  -  The lot / land at TBD OG Reynolds has been sold.

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138 Pine Circle in Richmond County is Sold!

Sold

Richmond County, North Carolina  -  The single story at 138 Pine Circle has been sold.

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282 James Hall Rd. in Richmond County is Sold!

Sold

Richmond County, North Carolina  -  The single story at 282 James Hall Rd. has been sold.

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Single Story For Sale in Richmond County

Front View

• 1,785 sq. ft., 2 bath, 4 bdrm single story - MLS® $79,900 - WHAT A DEAL!

 -  This 4 bedroom home sits on over an acre of land. Very private yard with deck and storage building. You will have plenty of room to spread out in this four bedroom, two bath home. Split floorplan with a large mastersuite, dining room and fireplace. You will enjoy spending time on the deck in your new secluded lot.

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Single Story For Sale in Richmond County

Front View

• 1,288 sq. ft. single story "mobile" - MLS® $54,900 - A GREAT PRICE!

 -  This home is in a great location. It is also perfect for a starter house. It has a spacious kitchen and a huge master bathroom.

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Single Story For Sale in Richmond County

mill rd

• 3,500 sq. ft., 2 bath single story - MLS® $99,900 - Real Deal for Commercial

 -  Commercial building on a heavily traveled road. Building has new heat system, handicap accessible, and paved parking. Currently used for retail. Was previously used as a warehouse with 7 roll-up doors.

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Single Story For Sale in Richmond County

Front View

• 1,848 sq. ft., 3 bath, 4 bdrm single story - MLS® $79,900

 -  ARE YOU FEELING CROWDED IN YOUR CURRENT HOME? This Spacious home has a den, living room, eat-in kitchen, and a basement. Home has hardwood floors, two fireplaces, built-ins and a 2 car garage in basement. This home has a large corner lot and is located just minutes from Downtown and is MOVE-IN READY!! New Roof in 2007, Fresh Paint, New Carpet and Vinyl.

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2 Story For Sale in Richmond County

Front View

• 1 bath, 4 bdrm 2 story - MLS® $37,500 - THE PRICE IS RIGHT!

 -  Looking for a great home that is bursting with character. Needs work but the price is right!

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Lot / Land For Sale in Richmond County

View 1

•  lot / land - MLS® $11,900 - The Price is RIght!

 -  Wow! What an Opportunity! This lot is in the City Limits and is lakefront. The lot is on both sides of Minturn giving lake access

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