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Monthly Archives: September, 2014

Raleigh Real Estate Market Report – August 2014

Check out the residential real estate market trends around the NC Triangle for the month of August: Homes Sales The market is leveling off after double-digit gains last year. With 2,947 homes sold in August, Triangle home sales were up 1 percent when compared to the same month last year and down 8 percent when compared to July. While sales increased by a steep 24 percent in 2013, theRead more about Raleigh Real Estate Market Report – August 2014

Futuristic Rail System Proposed for NC State and Cameron Village

Marshall Brain and Seth Hollar, two engineering professors at North Carolina State University, noticed a gap in university transit. In fact, for over a decade the master plan for NC State has shown a transportation corridor marked “Future monorail” between the libraries on Main and Centennial Campuses. Now, with collaboration from the university and private sector, the colleagues are developing an ultra-light weight and low-cost transit system to fillRead more about Futuristic Rail System Proposed for NC State and Cameron Village

Research Triangle Park to Receive $2 Billion Urban Makeover

  Research Triangle Park is home to tech giants such as IBM, Cisco, and Netapp, but competition from local office parks like NC State’s Centennial Campus and Pittsboro’s newly developing Chatham Park, is serving as a wake-up call for the community. To stay ahead of the game, the Research Triangle Foundation is giving the park a $2 billion makeover, with retail, restaurants, residential attractions, and up to 100,000 new jobs. ParkRead more about Research Triangle Park to Receive $2 Billion Urban Makeover

Wake Forest’s Heritage Community Nears Completion

  An Award-Winning Community Heritage Wake Forest, a master-planned community comprised of 37 individual neighborhoods in downtown Wake Forest and Rolesville, broke ground 14 years ago. Now, the final neighborhood, Heritage Enclave, is down to its last batch of building lots. Heritage was originally meant to include 900 homes on 900 acres, but eventually grew to 2,600 homes on 2,500 acres. Public schools and local shopping centers have been namedRead more about Wake Forest’s Heritage Community Nears Completion

What’s UP with Mortgage Rates?

People ask me about mortgage rates when they find out I’m a real estate broker. I know more about popular neighborhoods in Raleigh and marketing homes than I do about mortgage rates, but today I’ll share a bit about what I do know: The phone numbers of a couple of great mortgage lenders in Raleigh. Mortgage rates have been volatile over the past 5 years or so as residentialRead more about What’s UP with Mortgage Rates?

Downtown Durham Plans an Innovation Renovation

Grand plans are underway as business leaders hope to bring innovation and new jobs to downtown Durham’s north side. The plans are expensive, with a build-out cost of  $300 million, but not unlike the $200 million transformation of the American Tobacco Campus on the south side of town. The project, called “Durham Innovation District” or “Durham.ID,” would stretch along the 200, 300, and 400 blocks of Morris Street and looselyRead more about Downtown Durham Plans an Innovation Renovation