brought to you by

Monthly Archives: February, 2010

Location or house? Which philosophy is better in Raleigh?

Location, location, location. You’ve probably heard it before and if not, you will. Location is a leading factor driving real estate values everywhere you turn, not just around Raleigh. What happens if you can’t find the house you need or want in the location you want? Should you sacrifice your house or location? Many real estate agents lean on location as a crutch. It’s easy to rant and raveRead more about Location or house? Which philosophy is better in Raleigh?

What does Zillow have to say about Raleigh?

I haven’t devoted enough time to Zillow.com. These guys are plugging away frantically to gather data and present it to us to analyze real estate markets nationwide. I follow Zillow COO Spencer Rascoff on Twitter. I have had conversations with other real estate brokers and agents that really don’t like them and I can’t figure out why. At the very least, an agent needs to know what their clientsRead more about What does Zillow have to say about Raleigh?

Bank of America forecloses on wrong home

This is probably the craziest thing I have ever read: Lawyers for owners of a mortgage-free Florida home that Bank of America attempted to foreclose on are bringing an arsenal of legal claims against the banking giant, ranging from obvious claims like conversion and trespass to more unexpected ones like defamation and libel. This does not pertain to Raleigh in anyway that I know of and I have notRead more about Bank of America forecloses on wrong home

Planning to buy a home in the Raleigh area? What will happen to mortgage rates?

The Federal reserve (Fed) has confirmed their position that it plan to stop purchasing mortgage backed securities after March, 2010. The Fed has been buying these securities since January, 2009 to keep the housing market from sinking to lower levels. The Fed’s actions have helped keep interest rates at historic lows during a very critical time for the housing industry. What will happen when the Fed quits buying mortgageRead more about Planning to buy a home in the Raleigh area? What will happen to mortgage rates?

Keeping up with Raleigh’s Hillsborough Street’s changes

If you travel Hillsborough Street then you have seen the craziness for months now. The new round-a-bouts are looking great and the improved streetscape is taking shape.  According to recent reports, construction on the south side of the street is wrapping up. Traffic will be switched to the south side for the whole corridor sometime in March. To keep up with construction progress, check out: http://hillsboroughstreet.wordpress.com/. They post regular updates leeting youRead more about Keeping up with Raleigh’s Hillsborough Street’s changes

I want to buy a house but I’m too busy freaking out

AAAAAAAAAAAHHHHHHHHHH! Tension breaker, had to be done. Now that we have that out of the way, I heard this from a caller today that was interested in one of my listings. I almost had to tell them to hang up and call 911 because she was confused to a point I was concerned for her. First time home buyers are being bombarded with so much information and misinformation these daysRead more about I want to buy a house but I’m too busy freaking out

Raleigh’s Crabtree Valley is focus of new study

From the City of Raleigh Website: The City of Raleigh Public Works Department and project consultant Louis Berger Group, Inc. will hold an open house meeting for the Crabtree Valley Transportation Study on Monday, March 1, 7:00 p.m. at the Laurel Hills Community Center, 3808 Edwards Mill Road. The City of Raleigh is conducting a long-range transportation and land-use planning study for the Crabtree Valley area. The area, whichRead more about Raleigh’s Crabtree Valley is focus of new study

Need help with closing costs?

Washington, D.C.based home finance giant Fannie Mae is offering up to 3.5% of the selling price to home buyers for closing expenses. Fannie Mae hopes the incentive will help deplete the inventory of foreclosed homes it has accumulated.The credit is also available for buyers to use for their choice of new Whirlpool appliances providing an opportunity to upgrade to more energy efficient models. That’s an awesome allowance amount, byRead more about Need help with closing costs?