Housing

Business & Economy
6:00 am
Mon January 24, 2011

Triangle Home Sales

Home sales were down in 2010 in the greater Triangle area.  But the average price of homes went up. 

The federal tax credit for first time home buyers kept housing sales on track for the first two quarters of 2010.  But when the program ended – housing sales took a hit.

Stacey Anfindsen is director of the Triangle Multiple Listing Service.  He says the total number of home sales in the greater Triangle area was 20,643 homes – six-percent behind sales in 2009.  But the average price of homes jumped three-percent.

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Business & Economy
4:30 am
Fri December 17, 2010

Home Ownership Still A Goal

America has not reached the peak of the foreclosure crisis. But a survey by Fannie Mae says that hasn’t hampered people’s dreams of home ownership.

North Carolina is among the ten states hit hardest by foreclosures this year - up there with Florida, California and Ohio.  Doug Duncan is Vice President and Chief Economist at Fannie Mae – the Federal National Mortgage Association.  He says their 2010 Own-Rent Analysis says no matter the person’s race, geographic region or income –aspirations of home ownership are strong.

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