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Monthly Archives: March, 2010

Wake County home sales report

I have set my calendar to remind me to write this post the same time every month. Depending on when the full data is available, I will write it the first or second week of each month. Wake County home sales for the month of February, 2010 over 2009: Wake County, NC 2009 2010 Change 2009 2010 Change New Listings 2,114 2,234 5.70% 4,448 4,424 -0.50% Closed Sales 656Read more about Wake County home sales report

Tookies Grill, others opening a Garner locations

I have not heard anything about Tookies Grill opening up in Garner, but a quick drive down 5th Street to Aversboro Road wrote the headline! They are located at 1322 Fifth Ave. in the Forest Hills Shopping Center. I realized after I passed that I saw the marquis sign was up and they were busy working inside. They make awesome chicken salad! In other notes about Garner, the new PlanetRead more about Tookies Grill, others opening a Garner locations

Raleigh’s 440 beltline gets new signs!

ust when you thought you had the inner and outer belt-line figured out, they changed it again! The outer belt ran counter clockwise and the inner belt ran clock wise. The new signs show that the outer belt is now 440 West and the inner belt is called 440 East. Raleigh Belt-Line

North Carolina to get mortgage aid

North Carolina has been slated to receive $159 million in financial support from the federal government. According to a report from the Associated Press, NC was chosen because of  the number of residents living in counties where unemployment is over 15%. North Carolina’s statewide unemployment is 11.2%. The monies will be given the the state housing finance agency to create an assistance plan based on criteria designed by theRead more about North Carolina to get mortgage aid

Personal income in NC declines, leads Southeast & U.S.

From Triangle Business Journal: North Carolina personal income dips but fares better than Southeast, U.S. North Carolina has struggled along with the rest of the country but it’s nice to know it hasn’t been as bad. I have learned, though, that we tend to lag behind in things like real estate. For example, I have a customer that pointed out Washington D.C. began to recover just as we wereRead more about Personal income in NC declines, leads Southeast & U.S.

Bank of America: Prinicipal reduction for troubled home owners

Bank of America plans to help homeowners who owe more than more than their home is worth or are in “negative amortization” loans. I’m not sure how new this concept is. I did quick web search and the volume of information I tapped into was extensive.   According to a summary of the program obtained by Reuters, Bank of America pledged to offer an “earned principal forgiveness” of upRead more about Bank of America: Prinicipal reduction for troubled home owners

Congratulations! You don’t qualify for the Federal Housing Tax Credit.

For a program that is designed to entice you to move, there’s a catch. I am working for a couple that married last August and they are selling their home now in order to move up. They just discovered they don’t qualify for the tax credit. Here are the details: Single woman buys a townhouse in 2004 Boyfriend moves in with her in 2008 They marry in late 2009Read more about Congratulations! You don’t qualify for the Federal Housing Tax Credit.

Great article from Raleigh Philosophical Society

Below is a post from the Raleigh Philosophical Society blog.  Blog Author Matt Lail has steadily built a loyal following while entertaining us with stories about Raleigh’s growth, coverage of local events, history, the occasional NCSU slanted story (Go Pack!),  and one of my favorites: Cuisine.  If you are not reading it yet, here’s a taste of what you are missing: Census: Raleigh makes big gains Dallas-Fort Worth andRead more about Great article from Raleigh Philosophical Society

Raleigh-Cary Unemployment

I mentioned unemployment in my post Pending home sales improve yesterday but I didn’t mention unemployment rates for the Raleigh area. My posts are supposed to be related to the local Raleigh real estate market and not just the national market. According to BLS statistics from January 2010 for Raleigh-Cary, the rate of unemployment is 9.5%.  The national average in January was 9.7%. However, statewide unemployment in NC wasRead more about Raleigh-Cary Unemployment