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Monthly Archives: May, 2011

I-540 Triangle Expressway Southeast Extension

Curious where the proposed South Eastern Expressway will go? Check out the Google Earth presenation from the NC Turnpike Authority. The video highlights the protected corridor for Phase I and a possible corridor for Phase II. These alignments are conceptual and have not been officially selected for the project. The NC Turnpike Authority has stopped analysis of all alternative routes that are north of the protected corridor (AKA the “Red Route”) as mandated byRead more about I-540 Triangle Expressway Southeast Extension

Wake County Home Sales 2011: What kind of seller are you?

Closed sales for Wake County through April 2011 are down 16.6% compared to the same period last year. The good news is that there are 22.8% fewer new listings for the year. The bad news is really unknown: How many people are sitting on the sidelines waiting for the market to turn around before they sell? Wake County includes Raleigh, Cary, Wake Forest, and 12 other towns in theRead more about Wake County Home Sales 2011: What kind of seller are you?

Making peace with falling home prices

I track Raleigh real estate data and news about home inventory levels because it helps my clients stay competitive in a market where 20% of real estate transactions are some sort of distressed sale. But, there’s more to look at than just what’s listed for sale and what’s recently closed. Distressed mortgage loans represent homes that are likely coming to market.  According to data from LPS, 13.7% of allRead more about Making peace with falling home prices