Eaton Real Estate Services

https://www.cbs17.com/news/local-news/wake-county-news/raleigh-is-1-hottest-real-estate-market-in-the-us-durham-is-3-according-to-2023-rankings/?utm_medium=email&utm_source=rasa_io&utm_campaign=newsletter

Raleigh is #1 hottest real estate market in the US, Durham is #3, according to 2023 rankings Raleigh is currently the hottest real estate market in the country, according to a new ranking from the U.S. News & World Report.

https://www.foxbusiness.com/economy/economist-who-called-2008-housing-crash-predicts-another-drop-home-prices

Economist who called 2008 housing crash predicts another 15% drop in home prices The U.S. housing market will likely see further price drops as result of low affordability and growing inventory, according to economist Ian Shepherdson.

We've got two very affordable new construction builds in Clayton, a beautiful townhouse in North Raleigh, two vacant lots in Durham, an investment quad property in Durham, and an affordable recently renovated property in Durham being sold by a non-profit organization. Give us a shout for more information about any of these at 919-901-8700. Or start by checking out the listings through the link below.

Our Listings | Home Real Estate Listings in Raleigh and Surrounding Areas View our variety of home listings throughout Wake, Durham, Orange, Johnston, Chatham, Granville, and Franklin Counties.

Well, the past few years in real estate have been interesting. At the national level, the chart below shows the supply of homes on the market from late 1999 to the onset of the COVID issue.

At the local level, we loosely reflected this, but new construction in the Triangle region of North Carolina at the start of 2020 was on the verge of seeing a little oversupply. The lockdown destroyed the real estate industry, but what we didn't know at the time was that it was causing pent-up demand. So, then came the second half of 2020 and all of 2021 in which the real estate market in Wake, Durham, Orange, Chatham, Johnston, Granville, and Franklin counties saw the lowest inventory levels in years.

Interestingly, what created the upward pressure on real estate in North Carolina were two things working in tandem. One factor was the huge increase in individuals moving here from other states because now, and for the foreseeable future, they could work from home. Many of those people came from markets where their homes were valued higher (sometimes much higher) than comparable homes here. The second factor was the huge increase in sellers selling to online i-buyers, which peaked at 55% in the middle of 2021. Due to COVID and for a couple of other reasons, many sellers were willing to lose considerable money on selling their home by selling at a reduced price to an online i-buyer in exchange for getting the opportunity to stay in their home after closing long enough to find another place and to offer cash for that new purchase, since they'd already been compensated for their sale in the state that they were moving from. However, the discount that i-buyers capture from sellers is considerable. In addition, i-buyers buy in a strong upturn and often make even lower offers in a downturn. Both of those considerations make the long-term impact of i-buyers dubious.

National Association of REALTORS® on LinkedIn: "More housing inventory will show up later in the year because jobs | 15 comments "More housing inventory will show up later in the year because jobs in residential construction and for general contractors have been steadily rising,"... 15 comments on LinkedIn

Newly Formed Residential Real Estate Firm Brings Key Skills and Experience for Local Clients

The Triangle real estate market continues to be interesting and dynamic. Challenges and opportunities are being met by creative real estate professionals. Eaton Real Estate Services is a newly created firm bringing innovation and resourcefulness to these complicated conditions. Lead by Clay Eaton, the firm consists of agents previously with a different organization who are driven to achieve client success.

“We’ve handled hundreds of transactions for sellers and buyers in residential real estate; we bring experience and expertise with the highest of ethical standards,” says Eaton. “The best approach in real estate is one that combines the interpersonal aspects of a transaction with extensive local market knowledge and a heavy appreciation for the importance of using data in decision making. We are keen users of financial and industry data for our clients.”

Eaton would know about using data. He worked in information technology for ten years before turning to education. After teaching college for ten years, he was in a leadership role in public relations and finance for five years before becoming a real estate agent in 2015. With six more employees, the firm brings expertise ranging from degreed credentials in interior design to whole-house renovation experience and multilingual abilities.

In April 2018, Eaton was recognized as an expert in Triangle real estate when he was the featured cover story for the local real estate magazine Real Producers. Since then, he has appeared on top 20 lists of best agents in the Triangle. In addition to his professional experience, he has a Bachelor of Arts degree from Georgetown College and three graduate degrees from NCSU: a Master of Technology for International Development, where he concentrated on land use policies and natural resource economics, a Master of Education in training and development, and a Master of Arts in world history.

Joining him are Heather Holcombe, Mark Whittaker, Lora Michael, Jun Yan, Ema Chiosa, and Robert Eaton. “The nature of real estate in the Triangle, and really across America, is changing for the better, and we’re part of leading that change,” says Michael.

“What the industry requires today are agents with a comprehensive skill set who are committed to obtaining the best possible outcomes for clients. That’s who we are, and our outstanding client reviews in the public domain reflect that,” adds Holcombe.

The firm serves buyers and sellers in Wake, Durham, Orange, Johnston, Chatham, Granville, and Franklin counties. They have previous experience with buyers and sellers of single-family homes of every price range, historical homes, townhomes, condominiums, vacant lots, and new construction homes, including listing new homes for two award-winning builders: LaRose Construction and Knight Home Builders. “The entire team at Eaton Real Estate Services are exceptional professionals who provide outstanding representation as our agents,” says owner and president of LaRose Construction, Grant LaRose. “They are a recognized asset for any buyer or seller in the Triangle, and in this market, you really want the best.”

“Triangle real estate is going to continue to be a wild ride for the foreseeable future, and we’ve developed a firm that is ideally suited for buyers, sellers, and real estate investors,” says Eaton.