At 37 percent new homes, this is a very strong new home market.
I see no short-term change in that situation. Durham has a great supply of relatively inexpensive homes.
I'm sure rising interest rates at some point are going to take some buyers out of the marketplace. Typically, though, this does not happen in a big way until interest rates hit 8 percent and we have a long way to go until it reaches 8 percent.
That's pretty extreme upward pressure on resale prices in Wake County, which puts Durham County in a situation where it's presenting an exceptional value to the buyer in that more moderate price range. There's a lack of supply in Wake County that's being fulfilled in Durham County.
The rate of increase in Durham County has not been so strong as to cause any concern on my part about oversupply.
Their in-house knowledge of how to do these things is very, very good.
While I think (new-home sales) will continue to grow, I don't think it can maintain the pace it had in 2005.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.