Winston-Salem, NC Real Estate News

The following numbers are the Pendings/New Listings/Current Actives for January 2009 Source - Triad MLS County Pendings New Listings Current Actives Guilford 293 778 4146 Forsyth 208 555 3122 Davidson 62 171 1174 Randolph 47 131 669 Davie 14 61 396 Stokes 14 37 280 Surry 17 60 366 Yadkin 5 18 112 Alamance 38 55 312 Rockingham 26 83 517 The following numbers are the sold homes in each county for January - 2008 vs 2009 Source - Triad MLS County SOLDS Jan 2008 SOLDS Jan 2009 Guilford 359 174 Forsyth 260 145 Davidson 66 51 Randolph 51 40 Davie 26 14 Stokes 17 9 Surry 32 10 Yadkin 6 6 Alamance 15 13 Rockingham 40 27
Comments 0
These days not paying your taxes gets you a cabinet level postion.  Only two weeks into the Obama adminstration we already have numerous scandals.   Our new Treasury Secretary didn't pay taxes on income for working at the World Bank.  His excuse, didn't know he owed it!  This man now oversees the IRS.   Want to earn millions by being an unregistered lobbyist (something that should be looked into) for the health care industry?  Go ahead and when the time is right, you get nominated to be the head of Health and Human Services! I thought that change was coming.  I guess it is Bush's fault.
Comments 0
By Marybeth Barrett
(Addressing Spaces)
Happy New Year!  I decided to start my new year off with a bang and really challenge myself.  The challenge is to see if I can stay out of craft stores for 60 days.  I am addicted to craft, thus I spend a lot of time and money in craft stores, much to my husband's dismay.  So, I began looking around my workshop, which my husband affectionately calls "AC Moore".  I have so many supplies and a number of unfinished projects.  I decided that in honor of trying to incorporate as much eco-friendly decorating into my design as I can, that I would challenge myself to stay out of the craft store for at least 60 days.  You may not think that is a long time, but it is an eternity for me.  I challenge myself to use what I have to create for the next 60 days.  That means no more glue, paper, supplie...
Comments 0
I have been listening to the talking heads on TV recently talk about the economic crisis and many of them are proposing the need for the government to embark on a huge spending program somewhat like the new deal of yesteryear.  The spending would be for many things and in essence would provide jobs and jumpstart the economy. But part of my confusion is that the average American family did exactly that, spending its way into debt.  Of course, the result is the problem we are now facing. The citizens of America have seen a reduction in real ages over the past 20 years and have had to us credit and debt to keep up with the modern lifestyle.  Millions have used real estate as a means to create wealth just like the millions who invested in the dot.com bubble.   And the result was the same. S...
Comments 0
The housing market in America has fallen to such a point were in many areas, the number of foreclosures on the market, literally make up the local market.  These foreclosures have destroyed the values in the areas affected and have caused millions of Americans to live in homes that have lost tremendous value and may even be underwater as to the mortgage. The simplest way to stop the carnage would be for all lien holders to reduce the principal and interest rates on all distressed properties.  This would allow homeowners the option of staying in homes that are underwater and would help stop new foreclosures. But banks have been reluctant to handle their problems this way.   They would rather foreclose, then sell the property at a reduced price, take the loss and move on.  Regardless of t...
Comments 0
The buzz on the financial and news channels is the 50 billion dollar Ponzi scheme that has caught up many rich people, charities, and endowments.  The government agencies that are tasked to keep these things from happening have vowed to investigate.   But what if the ones investigating are part of a Ponzi scheme themselves? The government is always looking for new investors (taxpayers) to help provide the capitol required to pay the returns demanded by the earlier investors.  The new investors are promised all sorts of returns from social security payments, healthcare, etc.  As the pay outs continue, it gets harder to meet them unless the number of new investors increases, hence our governments lack of desire to halt illegal immigration.  And if the number of new investors can't contrib...
Comments 0
As we see more banks fail, the concern by the media and talking heads is misguided in that they focus on the deposits of the citizens in the failed banks.  Of course the deposits are protected by the FDIC and most Americans do not have more than $250,000 in liquid deposits.   The long term concern should be the lack of  competition for financial products and the costs to Americans for those products going forward.   With less competition prices will go up for us further padding the banks profits.  Also the relationships between the remaining banks and financial services companies will cause pain to consumers.  The Federal Reserve will ultimately be controlled by just a few mega size members and this will also cause problems for Americans in the future.
Comments 0
All last week the buzz was about the auto makers and their proposed bailout.  in the end, the Senate refused to give them money based on an incomplete business plan.  Most Americans are against the bailout thinking that the unions are making too much money and costing the companies their ability to survive.  The big argument is that thousands in not millions of jobs would be lost.  But any plan that makes sense for the companies surviving involves cut backs in production so the jobs would be lost anyway.  The real losses will come from suppliers, they have no voice and the union does.  So, in the end the entire bailout is about union jobs.  But why is the job in Detroit more important than the suppliers job in another state.  Or how about the dealerships across the country?  We cannot a...
Comments 0
I bet there are millions of people that are currently wondering what the heck is going on.  I mean, just a few months ago, things weren't all that bad, most had good years before last year and now, feel like they got slapped in the face.  If this is you, let me pose this question.  How are you supposed to act when the system is rigged against you?    You work hard and expect fair play from your government and others.  But what should you do when you have no voice in things?  Your government wastes money on special interests, your rights are reduced and in the end you are afraid of your government?     This post is about taking back your rights.  Should a bank be able to charge you upwards to 30 percent interest on your credit cards but get reduced interest from your government?  Should ...
Comments 0
The real estate industry has seen a tremendous change in the last few years, and it seems that many real estate professionals still are focused on the "market."  But what other things have happened to dramatically alter the way we do business.  If we look back at history, we could clearly see that going forward the industry is going to have to change to meet the demands of the consumer.  I would like to point out items that now are coming back to haunt the profession.  First off, the basic framework of buyer representation that was enacted a few years ago has allowed for more control of the marketplace dollars by fewer people.  Instead of truly being the advocate of the buyers of today, we have created a unique system in which the buyers agent is paid by the seller.  In many places, new...
Comments 0
Nearly everyone is having to deal with the money strain right now – most of all, those with families. People are pinching pennies wherever they can, some even on their home and auto insurance. While there are ways you can save on insurance policies and receive discounts, the answer is NOT to skimp completely on your insurance. It could end up costing you more money that you don’t have. Some people are actually cancelling their auto insurance policies, but besides breaking the law (if they plan to continue driving, that is), they are making a huge mistake. One small accident on the road could cost them thousands without car insurance. If you’re interested in keeping your auto insurance but want to trim the fat of it, here are a few tips: • Ask us about combining your auto policy with oth...
Comments 0
The stock market rose 494 points Friday supposedly because of president-elect Obama's choice for Treasury secretary.  Timothy Geithner, currently the president of the New York Federal Reserve was tapped to take over for current Treasury head Henry Paulson when Obama takes office next year.  Geinthner is posed to take a position that has been in the news lately, especially on dissatisfaction of the way Paulson has handled the bailout program.   With the markets in free fall, banks have not used the bail out money in the way the TARP was conceived, rather they have used the money to shore up their balance sheets and even buy distressed rivals.  It seems that unless the new Treasury head is under a different set of rules than the current one, we may continue to see the same type of bailout...
Comments 3
Citigroup, one of the largest banks in the world and recipient of at least $25 billion from the TARP, saw it's shares sink to record lows with the market slashing it's price to under $4.00.  Fears of huge loan losses that have not been written off its books caused the stock price to drop by over 50% last week.  Investors were concerned that the liquidity of the bank is in question and that the government make create a takeover of the company that would wipe out common shareholders.  Since there are few companies that  could absorb the huge banking giant, the government is sinking further into nationalization of our banking industry.  These types of actions only delay the effects of free market actions by protecting troubled companies at the expense of companies that have shown better ma...
Comments 0
You would think that with the economy in shambles, with jobs being lost, companies going under and the demand for mortgage money going down, interest rates would follow the same rules as supply and demand.  With the lack of demand, banks should be lowering rates to create demand.  But this is not the case.  Rates are actually going up.  The banks have something that the normal business doesn't have. That is a monoply on the money that is loaned in America.   Of course, many people and for sure banks would say that there is great diversity in lending, but since we as individuals can't go to the Fannie Mae lending window, we are shut out of low interest money.   It is a shame that the banks couldn't see that lowering rates would at least make them look less greedy, considering they are bo...
Comments 1
When will the general public wake up?  The big issue today is not the economy, not terrorism, not the housing crisis.  No, the press wants you to think the big thing going on now is the dilemma that Barack and Michelle Obama have-where to send their kids to school! This is the problem that our next President has.  He has also denied the same opportunity for millions of people that have children and would like to send them to better schools than their local public schools.  He  gets to send his children to the best schools, we get the worse. For those that think I am dissing Obama, not at all.  The current and past crops of elected officials have created lives that are the envy of the normal American.  They have salaries that have not in any way faced pressures of outsourcing or globaliz...
Comments 0
By Craig Rutman, Raleigh, Cary, Apex area Realtor
(Helping people in transition)
My good friend Angelina Taddeucci is an unbelievable artist who never ceases to amaze me with her creations. Angelina is a muralist and innovative faux painter who specializes in transforming new construction and private homes into enviable works of art. She's also had her portrait, mural and still life paintings featured in schools and museums as well as numerous art galleries throughout North Carolina. Enjoy some of her recent works and don't forget to watch as she creates her Facebook 'graffiti" skecth right before your very eyes at the bottom of this post.             Her creativity and talents are limitless as evidenced by this Facebook "graffiti" she drew while talking on the phone the other day!   And Angelina created this one while drinking her morning coffee!   If you or your c...
Comments 36
By Marybeth Barrett
(Addressing Spaces)
This was one of my favorite decorative elements for my recent room design for the Habitat For Humanity Restore Spaces event.  It was so creative and added just the right amount of sparkle. What did I do?  I simply laid a vanity light flat on its back and added tea light candles.  Voila!  You have a beautfiul conversation piece! The biggest compliment on the night of the event was seeing a couple go and purchase a vanity light so they could do the same treatment on their mantel.  Awesome!  That is exactly the reason that I do what I do...to inspire! Here are two pix!   
Comments 0
I recently was one of 8 designers who participated in a great event for Habitat for Humanity.  The event was to raise awareness for the Restore Retail location and the great programs that Habitat does in our area.  The challenge was to shop the Restore and use the donated items to decorate a room.  I was assigned the "Living Room".  We had 2 weeks leading up to the event to select items to refinish, repurpose, etc.  But, we only had 2 days to put the room together.  We were givien 3 unfinished plywood walls and a cement floor.  Well, I made some Lemonade out of Lemons! I am honored to have won 2 out of 3 awards that night.  I won the Judge's Choice and People's Choice Award.  The Judge was the Mayor of Winston Salem, NC!   I was so thrilled.  He could not believe how I transformed some ...
Comments 2
Did you know that today is Columbus Day?  You know, that dude that discovered America?  We honor him for the achievement, but do you really know why it matters/ BECAUSE THE GOVERNMENT IS CLOSED FOR THE DAY! Our world works better when we don't have to contend with the government messing up things.  At least today, no additional money was spent, no new taxes created, no dumb comments by politicans.  What a beautiful day it is!
Comments 0
The Federal Reserve announced Tuesday that it would now begin to purchase short term commercial paper from banks in an effort to stop the stranglehold that the credit crunch has on American businesses.  The effort comes on top of the massive 850 billion dollar bailout of the same banks "bad" mortgages.  By taking on the debt, it is perceived that banks will now begin to loan money to businesses, consumers and among themselves.  How is this good for the average taxpayer?  Unless you are wanting to borrow money right now, this problem really only affects your home values and possibly your job in the event of a deep recession.   But if the recession was going to come anyway, the chances are that you would have lost your job anyway.  So in essence, this is another fat cat bailout of those w...
Comments 0