++ It's a Decent Triangle Market! ++

This is from a lender of ours, Eleanor Thorne:

I'm writing to give you links to material that I see as GOOD NEWS for the Triangle Housing Market. If you're like me - you are always looking for items to include in your blog - or to pass on to your clients assuring them that what they hear on the news is NOT what's happening here!

http://www.bloomberg.com/apps/news?pid=20601103&sid=a9IHTo2G8GzE

The FIRST part of the article does look rather bleak - but get to the bottom where they comment on the areas NOT likely to see ANY DROP..."less than a 1 percent chance of lower prices in two years. "

Charlotte is listed as one of those Cities! Raleigh is not listed because they are using a Schiller Case Housing Index. This index does not "score" metro areas our size. The OFHEO Index does measure Raleigh/Cary and the next release date is April 22nd (for Feb numbers). This national index shows Raleigh/Cary right in-line with the Charlotte market.