Interest Rates and the Economy

May
21
2012

I have said previously that even though there are inflationary pressures out there, I did not feel that the lid on interest rates was going to be taken off during this election year.
Interest rates are very vital in the recovery of this economy. YES – housing needs to recover if the economy is going to [...]

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Happy Birthday Dolley Madison, America’s First Lady

May
18
2012

Dolley Madison was one of the most famous and beloved First Ladies in the history of the USA, and on May 20, 2012 we’ll celebrate Dolley’s 244th birthday. She was born in the Quaker settlement of New Garden, NC in Guilford County in 1768, now known as Greensboro, NC.
A brief history about Dolley:

She was born [...]

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Its Greek Festival Time in Winston Salem

May
16
2012

The Greek Festival in Winston-Salem has been voted the number one festival in the Triad several years in a row.  The Greek Orthodox Church uses their festival for multiple purposes; one being a portion of their profits are presented to Brenner Children’s Hospital each year.  The festival also is a time of celebration for the [...]

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We Need Homes to Sell!

May
14
2012

Bet you didn’t expect me to say that, did you?  Yes, we need your home to sell. In April alone, we listed over 1,200 homes in the Carolinas but placed close to 1,600 under contract.  Our Sales Units Year-To-Date are up 37 percent from last year.  Our closed units are up 31 percent and our [...]

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Happy Mother’s Day!

May
11
2012

Mother’s Day is this Sunday, May 13, 2012. Traditionally, this day is set aside to honor and celebrate our mothers.
Mother’s Day is celebrated all over the world on various days of the year, most commonly in March, April, or May. In the United States, Mother’s Day became an official national holiday in 1914, when [...]

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Demand Grows in April

May
07
2012

The trend continues.  We are well into the Spring buying season and a stable pattern of growth is developing. It is very hard to believe, but inventory levels are so low that there just aren’t enough homes for sale to satisfy the buyer demands.
Speculative new home building has been left to a very few national [...]

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Will the 3.8% Tax on Real Estate Affect You?

May
03
2012

As you may have heard, the federal government has implemented a new tax on real estate transactions that will become effective January 1, 2013. There are many misconceptions about properties and taxpayers that will be subject to this new tax – read on for some good news if you are concerned!
The tax is NOT on [...]

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5 Things Every North Carolinian Should Do in May

April
27
2012

Legend has it that on May Day (May 1st), small baskets (called May Baskets) are filled will treats or flowers and left by a suitor on a paramour’s doorstep. Upon ringing the doorbell, the giver of the basket flees. If caught by the intended recipient of the gift, a kiss is in order. (This traditional [...]

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Say “Hi” to us in High Point

April
20
2012

Sometimes, a move takes you across the state, across the country, or even to the other side of the world. And sometimes, it just takes you down the street.
This week, Allen Tate Realtors opened a new sales office in High Point at 1400 Eastchester Drive (N.C. Hwy 68), near [...]

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A Rental Society … Not So Much

April
18
2012

There’s a lot in the news about the hot rental market.  As I have said previously, we Americans don’t do anything in moderation.  Because rents are high and rising, what are banks lending money for?  Yes – building more rental units. I predict the following as interest rates increase, and they will, and prices [...]

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