Recent data released showed that JP Morgan, Wells Fargo , and Bank of America had a combined market exposure of over $20 billion in various stages of foreclosure.

The lenders are simply in over capacity and are managing best they can since “foreclosuregate” hit the presses. How these companies will manage their assets will continue to be on the forefront as the rating agencies will continue to scrutinize these companies debts and balance sheets.

New loan applications continue to crawl and are adjusting due to seasonal demand in the housing markets. The good news for those whom are able to buy a new home are in good position to take advantage of the lower rates and lower housing prices.

The Triangle market of North Carolina has slowed and we continue to see some price reduction sellers. Some sellers still refuse to lower their price and will likely continue to see longer days on market or not sell at all. In the end we there are many opportunities for both buyers and sellers to navigate the current housing market.

Courtesy of Jeff Dicks Real Estate

Quite frankly we seem to be hearing this alot lately. Some homeowners are entering the death spiral as they want to throw in the towel. Well ……not so quickly.

Two factors basically contol the sale of a home. And to be frank you can’t just blame the market. Price & Condition are completely in the control of the seller.

We have seen this time and time again so let’s start with a whole new plan and strategy for the times.

We’ve just produced a report available in print or video.

In this report, you will learn…

About the most dangerous real estate trends that are keeping homes from being sold in today’s market, and how to avoid them

How to price your home to sell…

How to position your home as a “deal” to buyers so you get flooded with buyer showings and offers, and

A lot more…

Please contact us by e-mail or phone for your FREE copy!

A big congratulations to Braswell and Satterwhite construction on their Parade of Homes 2010 awards. The event has been well attended the past two weekends and the final wrap up is this weekend. Heritage had eleven entries this year and oddly enough a few of the homes were SOLD the first weekend. Braswell Homes not only received a Gold Award for their Heritage entry, but also a perfect score for “The Laura Katharine” on Heritage View Trail.

As we bear down on fall thoughts are pushing out to the holidays. For the wine conniseur the fall harvest is in full swing and a wine tasting here and there.

Enjoy !

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Time to turn off the television get a breath of fresh air from the sky is falling news we seem to be over saturated with. The good news were getting rain, now that’s some saturation we need.

Low and behold the annual Parade of Homes is just 3 days away. The builders, and decorators are working furiously to have this years entries prepped and ready for public viewing. This years parade features some 188 homes.

So, if your out and about this upcoming weekend I’ve attached a link with the 2010 Parade of Homes list.

Parade of Homes 2010

For further Information on the Parade of Homes 2010 please conatct Jeff Dicks or Marc Iafrate with Keller Williams Realty and The Capital City Real Estate Group

It appears the economic recovery is in place in the Triangle area of North Carolina. August economic data was just released today. Although, were not bounding forward the improvements are an encouraging sign and is most likely to the diversity in employment opportunities in the area. Check out the August recap here

Our feature community of the week is Weston Place in Cary, NC. Weston Place is a community developed by Forever Homes. They have done a fabulous job listening to the consumer and have a great product starting in the 200’s.

If your planning on visiting the Triangle area soon, don’t forget the Parade of Homes 2010 runs for the first three weekends of October. Lots to see and lots to do.

Forever Homes

If you would like more information on this development or others in the Triangle area of North Carolina. Contact Jeff Dicks of of Keller Williams Realty

For many the idea of moving to another city brings excitement, joy and sometimes tears. The transition is different for everyone. The uncertainty, telling your family, how will my kids make out?

Both myself and Marc Iafrate of The Capital City Real Estate Group are very familiar with relocating as we have with our families gone through the same process. Recently, we launched The Raleigh Relocation Guide This is an online resource for those thinking of relocating to the Triangle area of North Carolina. It’s jam packed with useful information on schools places to visit and our very own Top Ten Things to do in Raleigh.

For more information about relocating to Raleigh N.C or other city in the Triangle area. Please contact Jeff Dicks of Keller Williams Realty

www.JeffDicks.com

Great news for real estate sales in Heritage Wake Forest! Since January 1, 2010, sales in the community have been outstanding and have seen an increase compared to the first six months of 2009. Although we haven’t reached the level of sales that we have experienced in the past, we are seeing a rebound in the market that is very positive. Highlights include an increase in the total number of properties sold/under contract, stable prices and a decrease in inventory.

The census bureau completed the 2010 tabulations some time ago. The U.S Census data will be released this upcoming winter. If the early numbers are correct, Wake County will become the most populous in the region.

Wake County growth is expected to surge over the coming years, due to the large relocation of northeners as they continue to retire their snow shovels.

With population growth so goes the quality of life. Over the past ten-years Cary, Apex have seen large growth with publications naming the locales as “Top Ten Places ” to live in America. Setbacks aside due to economic conditions. These and many others are rebounding and beginning to see signs of new growth.

The Triangle continues to attract global interest and with it and signs point to continued expansion and more jobs.

My friend in Florida told me they have to write a big check this past weekend to get out of their house. “Were trying not to see it as a big loss, though were heading to a place where we’ll gain when we buy”

They’re leaving and moving far away.

They close on their new house in a few weeks he told me. When real estate prices were soaring, we were living high, and barely working. They borrowed and invested in real estate, as prices were moving higher so was their net worth. And then……it ended.

The days of living a life of luxury are gone as is their net worth. Both he and his wife are back to work in a new place with a new start. By deciding to turn off the pause button they have moved on and restarted their lives.

Taking a loss on your home isn’t easy. Moving away isn’t easy, the single truth is we likely won’t see real estate prices and high levels of spending for many years.

Instead of sitting around and waiting for everything to be like it was . You have a choice stay and hope or you can leave and try and make a better life.
My friend has left, and I know they’ll make it he’s already succeeding

I find myself quite fortunate to have a fabulous wife and two children. Even more so that I have terrific parents. Life is a battlefield and on occasion we’re all too caught up in the latest fashion trend, car, watch or golf club. the past year an a half has been not only economic turmoil, a housing bust and most recently we’ve witnessed the tragic account of live’s lost on the Deepwater Horizon in the Gulf and the daily massive oil flowing polluting the waters.

Today I’m reminded that it is indeed Fathers Day and to those who lost a son, a father a brother I’m commemorate you, as I am a fortunate son. Dad, I love you and I’m reminded by my two kids every day how lucky I am. My son made me a tie from construction paper and my daughter a plaster nuts and bolts theme paper weight and a special poem.

**Footprints**

“Walk a little slower daddy,” said a child so small. “I’m following in your footsteps and I don’t want to fall.

Sometimes your steps are very fast, Sometimes they are hard to see; So walk a little slower, Daddy, for you are leading me.

Someday when I’m all grown up, You’re what I want to be; Then I will have a little child Who’ll want to follow me.

And I would want to lead just right, And know that I was true; So walk a little slower, Daddy,
For I must follow you.”

Carpe Diem