Tryon Title

01/08/2021

As we head into 2021, home prices continue to rise, especially in the middle of the United States as people decide to leave coastal cities due to the ongoing pandemic.

The housing market in the following cities is a fast rise in home prices.

Indianapolis
Kansas City
Boise
Austin
Cleveland
Cincinnati
Memphis
Pittsburgh

Read more here:

Home prices are rising across the nation, but the usual geographical trends are being turned on their heads by the coronavirus pandemic.

12/29/2020

The S&P CoreLogic Case-Shiller price index shows that home prices in the 20 largest cities have risen at a 7.9% yearly pace in October. One of the biggest factors for the rising price of homes has been the short supply of homes due to the pandemic.

The cities that saw the biggest price rise were the following:

Phoenix - 12.7%
Seattle - 11.7%
San Diego - 11.6%

Read more here:

The cost of buying a home surged again in October, a closely followed index showed, and prices rose at the fastest rate in six years in a clear sign the U.S....

12/25/2020

We hope you have a wonderful Christmas!

12/18/2020

"If you’re a liquid buyer and you’ve got deep pockets, there’s going to be a huge plethora of opportunity".

This is what Thomas Balashev, CEO of Montague Real Estate, said when commenting about the opportunity to buy distressed real estate assets.

What do you think about the opportunities for buyers to make gains as the economy recovers?

Read more here:

Opportunity abounds for investors looking to seize on distressed real estate assets in the wake of the coronavirus pandemic, according to Montague Real Estate.

12/16/2020

realtor.com analyzed data and trends to compile a list of housing markets that are expected to be hot in 2021. Charlotte, NC ended up placing third on the list of the Top 10 housing markets of 2021.

Factors that placed Charlotte, NC #3 on the list:

• Median home price: $368,820
• Anticipated home price change: 5.2%
• Number of home sales: 13.8%

Check out the rest of the list here:

These top 10 housing markets are poised to dominate in 2021—with some pretty big real estate surprises.

12/14/2020

Meet The Tryon Title Team:

Eric August
- VP of Sales & Client Support

Eric grew up in Bethlehem, PA., and after graduating from college, he moved to Raleigh in 1996 with his wife, Sherry, to enjoy all the Triangle area has to offer. They have a beautiful set of triplet girls – Kayla, Brooklynn, and Taylor – that keeps them always on the go.

Eric has been involved in the real estate industry since 1997 when he obtained his first job as a real estate paralegal at a small law firm in Cary. He obtained his title license in 2005 and promptly opened his own title agency in Raleigh. He then obtained his real estate broker’s license in 2006. Prior to his employment at Tryon Title, he was a software trainer at SoftPro for eight years.

12/11/2020

The CEO of Redfin, Glenn Kelman, has recently said that the current housing market could get even hotter. The current housing market is constrained by inventory since there are not enough homes for buyers on the market. However, Kelman agrees that if the number of listed homes rises, then the housing market will only continue to get hotter.

Read more here:

"Today, we are definitely inventory-constrained. There aren't enough homes for people to buy," Redfin CEO Glenn Kelman told CNBC.

12/09/2020

The pandemic has taken a toll on the economy, however, the housing market has been able to remain healthy throughout the pandemic. With the year coming to an end, one question remains, where will the housing market be headed going into 2021?

Read more here:

The housing market was a bright spot in the economy, even as other areas continue to struggle amid economic shutdowns. Now economists are looking to 2021.