Proving once again, Greensboro's leaders have failed to make the cut and that real estate development as economic development just doesn't work. Add one to the ever growing list of reasons CEOs and the people who work for them don't want to come here.
Update: Same day the News & Record is reporting that:
"Buyers paying cash accounted for 56.3 percent of purchases of homes during January in the Greensboro-High Point area, according to a report by RealtyTrac timed for release today.
That's up from 50.1 percent in December and 16.9 percent in January 2013."
The report continues:
"RealtyTrac spokeswoman Ginny Walker said the categories are not “mutually exclusive,” such as there is overlap between cash and institutional investor purchases.
“Many of the institutional investors are paying cash,” Walker said. “Our data shows 84 percent of the institutional investor purchases in January were all-cash nationwide.”
The median sales price for homes not in the foreclosure pipeline was $112,000, up 3 percent year over year, but down 2 percent compared with December. For distressed homes, the median sales price was $70,000, or a 38 percent discount.
By comparison, the Winston-Salem Regional Association of Realtors said that the average sales price of existing homes rose 2.5 percent to $169,000 from December 2012 to December 2013. The average sales price was up 10.6 percent from $152,812 in November."
That's right, Winston-Salem, Raleigh, Cary, Charlotte, they all placed better... as usual.
Related:
Attention CEOs: Why You Don't Want To Bring Your Company And Your Family To Greensboro, North Carolina, AKA: Greensboro Sucks
More Reasons CEOs Will Want To Avoid Greensboro
Two More Reasons CEOs Will Want To Avoid Greensboro
