Jennifer's Back from Maternity Leave!

Baby Angus was born on 10/10/10. Weight 7.5oz and 21 in. long. He is now sleeping through the night and I am back at work! Mella is very, very glad to have me back and very excited to be a grandmother once again.

Client Annual Holiday Champagne Brunch

Each year the Mella Pool Team hosts a Champagne Brunch for customers and clients.  This year we had over 225 folks join us in celebrating the Holiday Season.  Also, each year, we request that everyone bring a toy for the North Carolina National Guard.  Many have been deployed over the years and the families were in need of presents for all ages.  I was just told that this year we were able to help 200 families have presents under the tree. Thanks to all that support our troops.

Triangle Housing Market

 

Triangle existing home values up 4 percent, sales volume falls 40 percent

.Raleigh, N.C. — Good news for home owners in the Triangle: Your property is probably worth more.

But there’s a big caveat – Can you find a buyer?

Existing home sale prices increased 4 percent from a year ago to $230,500 in October, according to the Triangle Multiple Listing Service.

However, the number of closings fell sharply by 40 percent to 1,067 in October. The TMLS noted that home buyers could receive thousands of dollars in tax credits last year that are no longer available.

The TMLS covers Durham, Orange, Wake and Johnston Counties.

Even as the number of sales slowed, the housing inventory surged with 13,135 new and previously owned properties on the market. That total is up from 9 percent a year ago.

The number of new home listings fell to 2,475, a drop of 9 percent.

Nationally, sales of previously owned homes also slipped slightly.

The National Association of Realtors says that sales of previously owned homes dipped 2.2 percent last month to a seasonally adjusted annual rate of 4.43 million units.

The median price for a home sold in October was $170,500, down 0.9 percent from a year ago, as prices continue to be depressed by weak sales conditions and a huge overhang of unsold homes.

Sales had plunged to the slowest pace in 15 years in July and then posted gains in August and September before slipping back in October. Sales in October were 38.9 percent below their peak of 7.25 million units set in September 2005 during the height of the housing boom.

 

 

  

This is my first blog post.

This is all new to me!  We hope to be able to keep you informed and up to date with this blog in the future!