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Category Archives: Raleigh Homes

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?

Raleigh vs. National Rental Rates

For rent and utilities to be considered affordable, the goal is to spend no more than 30 percent of a household’s income on housing. According to a comprehensive Harvard study, however, approximately half of all U.S. renters are spending more than 30 percent of their incomes– up from 38 percent of renters in 2000. Housing Secretary Shaun Donovan declared this to be “the worst rental affordability crisis that this countryRead more about Raleigh vs. National Rental Rates

Triangle Home Inventory Holding Back Buyers

Home prices continue to rise in the Triangle, but sellers are still not meeting buyer demand. The average sales price of homes sold in the first quarter increased by 8 percent from last year to $248,643. Shrinking inventories, however, have kept home sales stagnant for most areas. Sellers who did recently list their homes saw a great benefit: speedy sales. The average days on market during the first quarter wasRead more about Triangle Home Inventory Holding Back Buyers

Townhouses Desirable in Triangle Market

As land and construction prices rise in the Triangle, buyers and builders are finding townhouses to be appealing alternatives to single-family homes. High demand coupled with low inventory has caused trouble for builders who can’t find lots to develop. According to Movoto, townhome inventories fell by 47 percent between January 2011 and 2014. Now, construction is picking back up with a 6 percent increase in town home production lastRead more about Townhouses Desirable in Triangle Market

Raleigh’s Housing Inventory Drops

Raleigh home values have been steadily increasing , but homeowners still aren’t listing their properties. As a result, Wake County had an 8.4 percent year-to-year drop in inventory for the month of February. This isn’t a new trend for the area. As the following chart shows, the Wake County housing inventory has been falling for some time now. Rising home prices should eventually lead to more listings, though these figuresRead more about Raleigh’s Housing Inventory Drops

Raleigh Home Sales Continue to Rise

Raleigh home sales saw another large increase in January, with Triangle MLS reporting a 15.5 percent change in closed sales compared to January 2013. Though few expect the Wake County housing market to continue such rapid growth, Zillow still forecasts a 3.3 percent increase for the remainder of the year. The Raleigh market has shown itself to be resilient, especially during these winter months when activity usually drops offRead more about Raleigh Home Sales Continue to Rise

Wendell Falls Reflects Optimism in Triangle Development

  Newland Communities recently purchased more than 1,100 acres of land just minutes from downtown Raleigh with plans to re-start a master-planned development. The new community, named Wendell Falls, is projected to include 3,000 single- and multi-family homes and 2 million square feet of commercial-retail space, along with public parks and other community amenities. The new developers are evaluating the original plans and working with the town of Wendell to getRead more about Wendell Falls Reflects Optimism in Triangle Development

Homes Values Rise in Raleigh

The future looks bright for sellers in Raleigh. According to Zillow, the median sale price of Raleigh homes increased by 7.9% in 2013. Homes with North Raleigh zip codes faired even better, with huge gains in median sale prices for 27607 and 27608 areas, at 36.4% and 22%, respectively. Sellers also had much easier times finding qualified buyers in 2013 than in the previous five years, with the number of homeRead more about Homes Values Rise in Raleigh

How to Find the Best Contractor for Your Home Renovation

You’re ready to move forward with your home renovation and now need to find the right contractor to complete the job. You’ve heard the horror stories of contractors leaving a leaky roof, lumber with exposed nails left outside the house for weeks and even causing carbon monoxide poisoning by tearing off the vent to the hot water heater. Yeeesh! But don’t let that stop you from remodeling and updatingRead more about How to Find the Best Contractor for Your Home Renovation

Creating a Property-Specific Home Renovation Plan

Now that you’ve found the perfect older home to invest in, you’ll need to create a renovation plan that’s property-specific. This is where I can bring you all of my experience as a Realtor and community connector. I’ll be right by your side every step of the way during your home renovation by personally interviewing the contractors while bringing my longstanding people and references to you. I’ll help youRead more about Creating a Property-Specific Home Renovation Plan