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Published: Aug 29, 2010 02:00 AM
Modified: Aug 27, 2010 07:30 PM

Your letters: Aug. 29
 
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Fear not the housing bust

Many in the Triangle can still smile knowing that our area has something to cheer about despite the recent report from the National Association of Realtors released this week about home sales plunging 27 percent in July to the lowest in 15 years.

As executive vice president of the second largest home builders association in the country, I hear builders expressing the same concerns they are hearing from consumers right now - particularly the sense that the overall economy and job market aren't gaining any traction.

Nationally, the lackluster economic recovery has placed housing in a time out while the officials are off reviewing the play.

Builders are on the sidelines waiting for the consumer and the consumer is on the sidelines waiting for the economy to improve.

And both sides have the same ongoing rivalry with the credit situation.

Although having said that, there are several signs that the housing market in the Triangle will be stronger in the second half of 2010 compared to earlier this year.

In particular, stabilizing home prices will provide a boost to consumer confidence, combined with record low mortgage interest rates that will keep housing affordable.

In addition, North Carolina is beginning to see a return in job growth and we have reduced excess new home inventory levels.

The Triangle remains one of the fastest growing metropolitan areas in the country and ranks as one of the best places to live.

As a result, those in the Triangle should not feel benched because there are several reasons that separate us from other areas around the country. The prospects for housing are much brighter, and the demand for new construction will continue to grow.

Take the opportunity now to evaluate our market and see what many of us here already know. Now is a great time to buy a home.

Tim Minton, Raleigh

The author is the executive vice president of the Home Builders Association of Raleigh-Wake County

Good news for hemlocks

Recently you published a story about the presence of the Hemlock woolly adelgid at the park ["Cary battles bugs to save trees," Aug. 1]. It has put the park in the spotlight, however, the reason was rather unfortunate.

The article was very informative and helpful for the residents to understand the cause of the disease and the outlook for the Hemlocks.

As many of your readers know, the park is a gem; a place to walk your dog, take the kids, to reflect.

Every visitor has his or her own reason to spend time in this oasis just off Kildaire Farm Road.

Now it is time for good news: The Friends of Hemlock Bluffs Nature Preserve has received a $20,000 grant from the local REI store.

The money will be used for repairs, maintenance and expansion of the trails.

Saskia Leary, Cary

The author is a member of the board of The Friends of Hemlock Bluffs.

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