Friday, March 16, 2012

Homes Sales Up 35% in the Triangle


Over the past few weeks, there have been a number of indications that consumer confidence continues to improve.

First, there was the report that Warren Buffett was bullish on real estate.

Then, Bloomberg reported that consumer confidence rose to a four-year high, which seems to coincide with gains in employment and a rally in stock prices.

Better-than-estimated economic reports sent the S&P's 500 Index over 1,400 for the first time in almost four years, and gave the Dow Jones Industrial Average its longest rally in 13 months.

Most recently, our local News & Observer ran a cover story showing the Triangle had its strongest sales jump in four years in February and home sales are up 35 percent over 2011. We have certainly felt the surge in activity at Briar Chapel - what are you waiting for?!?