More indicators point toward an improving housing market as we near the end of the 1st quarter of 2013. A recent Associated Press article points to a slow, but growing, momentum in all areas of the marketplace, including the Luxury Home market. (http://finance.yahoo.com/news/us-home-sales-rise-2nd-highest-pace-3-150849557–finance.html).
The National Association of Realtors said Thursday that sales rose 0.4 percent in January compared with December to a seasonally adjusted annual rate of 4.92 million. That was the second-highest sales pace since November 2009, when a temporary home buyer tax credit had boosted sales.
Couple this improving national picture with another recent development cited in this month’s Triangle Business Journal, that of the Triangle-area being a nationally recognized destination for entrepreneurs, and the picture for Estate quality homes is increasingly optimistic. (http://www.bizjournals.com/triangle/blog/2013/02/raleigh-named-no-2-place-to-start-a.html) From the article:
No. 1 is California’s Silicon Valley, still the top magnet for venture capital, having snared $2.6 billion in the third quarter of 2012 alone.
What Raleigh lacks in venture capital, however, it makes up for with other attributes, NFIB says. Among them are a burgeoning population, a fast-growing job market, safety and affordable housing.
The members of the Luxury Home Marketing Group are dedicated to helping home buyers and sellers in the luxury, estate-home end of the marketplace make the most out of the improving marketplace. By pooling their leads and resources, and adopting new marketing techniques, the LHMG membership provides access to high quality leads for homes in this exclusive area of the home market.
Stay updated on news impacting the Luxury home landscape in Raleigh and the Triangle area by liking the Luxury Home Marketing Group on Facebook, and look for inspirations for home interior and exterior living via the LHMG Pinterest page. Additionally, LHMG’s recently updated webpage, http://www.luxuryhomemarketinggroup.com/, is a good place to stay updated on industry trends, emerging opportunities and new developments in the elite home marketplace.