Vivian Olkin, GRI® ASP®
Phone:
919-624-5479
Mobile:
919-624-5479
Fax:
919-951-1912

Email

  Logo

Featured Property

  • 303 Smith Level Road B31
    Chapel Hill, NC
    $140,000
    4 beds | 4 baths
  • 303 Smith Level Road B33
    Chapel Hill, NC
    $142,000
    4 beds | 4 baths
  • 1510 Piperwood Court
    Durham, NC
    $56,000
  • 7628 Kensington Manor Lane
    Wake Forest, NC
    $375,000
    4 beds | 3 baths
  • 125 Harlow Bend
    Chapel Hill, NC
    $329,000
    3 beds | 2 baths
  • 214 Beauregard Lane
    Mebane, NC
    $185,000
    3 beds | 2 baths
  • 8907 Rollingwood Road
    Chapel Hill, NC
    $185,000
    3 beds | 1 baths
  • 3612 Glidewell Court
    Durham, NC
    $300,000
    3 beds | 2 baths
  • 4324 Samoa Court
    Durham, NC
    $225,000
    3 beds | 2 baths
  • 100 Stratford Lakes Drive 357
    Durham, NC
    $140,000
    3 beds | 3 baths
  • 11 Durbin Place
    Durham, NC
    $85,000
    2 beds | 1 baths
  • 1810 Redding Lane
    Durham, NC
    $249,900
    4 beds | 2 baths
  • 20 Beechtree Court
    Durham, NC
    $269,900
    4 beds | 3 baths
  • 1044 Mabry Road
    Angier, NC
    $1,500,000
    4 beds | 3 baths
  • 211 Church Street D9
    Chapel Hill, NC
    $175,000
    2 beds | 2 baths
  • 6406 Forest Ridge Drive
    Durham, NC
    $130,000
    2 beds | 2 baths
  • 1925 Ward Street
    Durham, NC
    $239,900
    3 beds | 2 baths
  • 809 Yancey Street
    Durham, NC
    $299,000
    2 beds | 2 baths
  • 912 Exum Street
    Durham, NC
    $325,000
  • 3403 Sir Colleton Court
    Raleigh, NC
    $329,000
    3 beds | 2 baths
  • 1502 Oakland Avenue
    Durham, NC
    $450,000
    3 beds | 3 baths
  • 275 Hubert Herndon Road
    Chapel Hill, NC
    $395,000
    5 beds | 3 baths

What is the Inside Scoop on our local real estate market?

The key word here is local (think location, location, location).  We hear about the economy and foreclosures affecting the real estate market.  We hear doom and gloom.  It's important to have a long term perspective and to realize that real estate is a local market.

It may be snowing in Boston but sunny in Chapel Hill.  There may be a glut of foreclosures in Florida, but a stable housing market in Raleigh.  Weather and real estate:  both local conditions.

The economy and the housing market has its up and down cycles.  In the late 1980s, mortgage rates rose to 20%; people still bought and sold houses.  A few years ago, prime was at 4%.  In California, there was the dot.com boom and bust.  During the boom, people bought houses with cash which is partly why housing prices rose.  When the market went into a slump, people panicked, yet people were and still are buying and selling real estate.

Locally in the Triangle, employment has grown slowly but steadily, and this trend is not likely to stop.  One of the keys to this growth is that this area isn’t dependent on one industry like Detroit for example.  Education, bio-tech, hi-tech, health care, and service industries are strong here.  The Triangle is consistently rated as one of the best places to do business, to live and to retire.  We are somewhat insulated from what is happening elsewhere in the country, which proves that real estate is a local business.

Buyers                           Sellers                          Investors

Call 919-624-5479 or visit http://www.crazyvivhomes.com.

Personal Photo