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Monthly Archives: January, 2010

North Raleigh Home Sales Report

Area 2 of North Raleigh Curious what North Raleigh homes sales look like as we head into 2010? Below is a graph showing market activity for area 2 (As shown on the graph map above) using sales data from Triangle MLS, the local multiple listing service for the Raleigh area: North Raleigh property sales The end of the graph looks pretty nice, huh? Active listings drop in December and the average selling price isRead more about North Raleigh Home Sales Report

Harris Teeter takes North Hills location to new heights

Harris Teeter is scheduled to open their first 2-story store in Raleigh at the new North Hills expansion along Six Forks Road in North Raleigh.  This new store will replace to old location around the corner at the Lassiter at North Hills while adding 26,000 square feet and 50 new associates, according to a company press release. The new store is another feather in the cap of the developersRead more about Harris Teeter takes North Hills location to new heights

Inflation fears & buying a home in Raleigh

Renting may seem cheaper than buying a home, especially in an uncertain market. However, rents will increase over time due to multiple factors, inflation being one. Raleigh is already seeing an increase in rental demand and according a story from the Triangle Business Journal yesterday, Raleigh rental rates are leading the charge. in U.S. “Despite a slight dip in the fourth quarter, the Raleigh-Cary MSA was one of onlyRead more about Inflation fears & buying a home in Raleigh

Changes to FHA Loans: How will Raleigh be affected?

I’m not sure what this means to Raleigh as an individual market. We are seeing stronger sales below $300,000 and strongest numbers as we see them are below $200,000. FHA goes up to $295,000 in our area so I’m sure it will have some ramification on buyers because the lower price range often represents younger buyers with smaller down payments which make FHA loan an attractive option.  The currentRead more about Changes to FHA Loans: How will Raleigh be affected?

How does Raleigh housing compare to boom markets?

Raleigh has taken some lumps during the real estate downtown but as you can see in the graph below, our pricing has outperformed the US average, Atlanta and the boom markets of Orlando, FL and Phoenix, AZ. I included Atlanta because of their explosive growth and the fact that they are a leading southern city. I included Orlando and Phoenix because I wanted you to see what Raleigh looks like comparedRead more about How does Raleigh housing compare to boom markets?

Raleigh’s job forecast helps steady housing prices

Why has the housing market in Raleigh fared better than other markets that have crashed and burned? Ask economists from outside our area and they will like point to employment forecasts that look pretty healthy for Raleigh. Stan Humphries, Chief Economic Officer for Zillow.com (As opposed to the famed Quarter Back who led the San Diego Chargers to three playoff appearances and their only Super Bowl appearance) noted in anRead more about Raleigh’s job forecast helps steady housing prices

FHA 203k Loans: Buy it, fix it and finance it all in one

I read a great news article on RISMedia earlier and if you are considering a home purchase, you MUST read this: Changing the Way People Buy Homes: Using the 203k Program to Purchase ‘Dream Homes’ In many cases, homes that would qualify for the 203k loan are in nice areas but have aesthetic problems. This program—because the home improvements are built into the loan—opens the whole market to theRead more about FHA 203k Loans: Buy it, fix it and finance it all in one

What does your front door say about your home?

We southerners love our front porches like we love our crazy cousins that we ain’t so sure ’bout. My folks always preached to me that our front porch is a reflection of who we are and that if you want folks to come visit, a front porch is your invitation. I vividly remember the front door of our first family home in Raleigh. It was a beautiful colonial home with onlyRead more about What does your front door say about your home?

Timber Drive East Extension update

It’s been hard to get excited about new projects over the past couple of years because rampant budget cuts and the uncertainty of the economic down turn poisoning the air. I decided to look for updates after reading Contracts Totaling More Than $107 Million Awarded For Highway Projects. According to the NCDOT website, the Timber Drive East Extension from NC 50 to White Oak Rd. in Garner is tentatively scheduled forRead more about Timber Drive East Extension update