I was just reading where one of our real estate analysts stated that real estate is a retail business, and that is a great way to look at what is currently happening in the Durham and Raleigh real estate markets. It’s also where listing agents like me become part-time psychologists with our client sellers, trying to come to emotional grips with all the Durham, Triangle and Raleigh listings that sit on the market, many of which have had few, if any, showings over the last month.
For Triangle, North Carolina and Raleigh Realtors, the last few years have not been pretty and while we did see good glimpses of real estate recovery, the good beg at the bad and it has often been down right ugly. We all knew that the expiration of the home buyer incentives in April would bring a drop, but predetermining activity on North Carolina homes for sale and Raleigh homes activity is much like playing the stock market; there are economic principles involved but human behavior and reaction is not predictable.
For the full story, visit my GuideMeHome2Raleigh-Durham Blog!