Luxury Home Marketing Group Members Earn Recognition in Triangle Top 25 Real Estate Rankings

Members of the Raleigh-based, Luxury Home Marketing Group earned places of distinction in the Triangle Business Journal 2013 list of top-selling residential real estate agents.LHMG Logo

“Fully 40% of the members of Luxury Home Marketing Group are represented in this prestigious list, either individually or as part of their teams,” said LHMG President Linda Craft. “The Triangle Business Journal is an independent news organization, so their evaluation carries a lot of weight in the industry. This acknowledgement is a testament to the strength our group has to network on behalf of, and deliver results for, homeowners and buyers in the elite, over $750,000 end of the market.”

The list includes Linda Craft (Linda Craft & Team, REALTORS® #4, team), and individual agents, Shawn Britt (#5), Kimberly Conroy (#11) and Kathy Beacham (#12).

The Triangle Business Journal used data from the Triangle Multiple Listing Service to determine the rankings.

The Luxury Home Marketing Group is always seeking strategic partners. If your business involves elite homes, and you are interested in membership, contact President Linda Craft at 919-235-6300.

Visit the LHMG blog, https://luxuryhomemarketinggroup.wordpress.com, website, http://www.luxuryhomemarketinggroup.com, Facebook account (http://www.facebook.com/pages/Luxury-Home-Marketing-Group/184883338222895) and Pinterest board (http://pinterest.com/lhmgraleigh/) for more details.

Background: The group was formed in 2004 as a coalition of luxury home real estate experts, representing luxury home buyers and sellers by applying extraordinary real estate expertise and service in Raleigh, Cary, Wake Forest, Durham, Chapel Hill, Research Triangle Park and surrounding counties. Executive Board members are: President Linda Craft, Linda Craft & Teams, REALTORS®, Vice-President Jill Rekuc of Olde Raleigh Real Estate, LLC , Secretary: Kimberly Conroy, Coldwell Banker HPW,  Treasurer Shawn Britt of Realty World-Triangle Living and Past-President Kathy Beacham, Coldwell Banker HPW. Members include Steina DeAndrade, Brenda Holden, Linda Kolarov, Deborah Nance, and Lindsay Taylor.

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Developments in the Luxury Home Marketplace for First Quarter 2013

The first quarter of 2013 delivered some interesting news in the world of home buyers in the Luxury Home marketplace. Members of the Luxury Home Marketing Group reviewed these trends during their March Board meeting (see details below).LHMG Logo

In the news, a combination of factors, including diminishing inventory, increased demand and easing credit restrictions means more opportunity for the home buyers, in general, and those shopping for the Estate-style home in particular.

A Business Journal article in March highlighted how a jump in building permits for new construction in late 2012 was an indicator of a crunch on existing home demand. From the article:

“The number of housing permits, an indicator of pending residential construction, jumped by 48 percent in 2012 in North Carolina, the Federal Deposit Insurance Corp. said in a new report.

The total number of single- and multi-family units grew to 47,828 from 32,400 in 2011, the FDIC says.

Of the 2012 total, 62 percent were single-family homes, and 38 percent while 38 percent were in multi-family buildings.”

A CNBC article couples the construction-starts details with the news that home mortgage lenders are opening up the purse, at least as far as lower downpayment loans are concerned. From the article:

“As housing heads into the critical spring market, credit is finally beginning to thaw. Lenders are increasingly approving low-down-payment loans, and government-sponsored mortgage giant Fannie Mae is buying more of them.

It is a noticeable shift from the last four years, when 20 percent down on a home purchase loan was the only game in the neighborhood.”

Members of the Luxury Home Marketing Group met with Wells Fargo Mortgage Lender Eric Smith during their March board meeting, to review lending options in this dynamic marketplace on behalf of homebuyers and sellers. Read more about the Luxury Home Marketing Group and how members can help you find your dream home by visiting their website, http://www.luxuryhomemarketinggroup.com.