It's not surprising that development and new constuction have slowed somewhat in Greensboro. The banks have tightened their guidelines due to frequent and ongoing regulatory changes through Freddie Mac and Fannie Mae. Gone are the days of obtaining quick and easy financing. With our shifting market, creative financing will become more and more popular and may become the rule rather than the exception to the rule.
Wow, the Myrtle Beach Pavillion! That sure brings back some great memories from days well past :). Overall, I think Greensboro is doing well and far better than other surrounding cities relating to the housing market. I work in it daily and haven't seen much of a slow down. There are some great homes on the market and buyers are getting some terrific deals! Greensboro has made some fantastic changes in its city over the past several years and will continue to grow and make more positive changes. Of course, the media will continue to report the dirt whether it be true or not, as always. Everyone's gotta make a living.