All articles in Local Market Updates

Buying a home in Raleigh is getting tough!

Buying a home in Raleigh is getting tough!

Regardless if you’re a first time homebuyer looking for a cozy (realtor speak for small) 3 bedroom ranch styled home or a veteran move up buyer purchasing your dream home one thing that is consistent across  that supply of housing in Raleigh-Cary and all over Wake County  is that it’s tight!  Continue reading Buying a home in Raleigh is getting tough!

HUD Predicts Some Rents increased by as much as 25% in Raleigh – Cary MSA 2013

English: Downtown Raleigh, North Carolina, 12 ...
English: Downtown Raleigh, North Carolina, 12 October 2008. (Photo credit: Wikipedia)

HUD has just published the 2013 Area Median Income limits and the 2013 Fair Market Rents for use in Raleigh – Cary MSA. You may be asking yourself “why should I care about HUD Median Income Limits”?  If your plans to move to Raleigh or Cary include buying, selling or simply renting a home (and by “home” I also mean an apartment) in the Raleigh – Cary Metropolitan Statistical Areas (MSA) this should be very important to you. That is why I’m filing this post under the category of “SAQ” or what I like to call “Should Ask Questions”. Continue reading HUD Predicts Some Rents increased by as much as 25% in Raleigh – Cary MSA 2013

Raleigh Real Estate Market Update – September 2011

According to the statistics recorded in the Triangle Multiple Listing Service there’s good news and there’s really bad news for the  Raleigh Real Estate Market.  I prefer the bad news first because it always make the good news sound just a little bit better so here’s the bad news;

Median & Average Sales Price Declines in Raleigh by double digits

If you have to sell your home  in Wake County North Carolina where 100% of Raleigh is located, the value of your home may be falling faster than the presidents job approval ratings!
Continue reading Raleigh Real Estate Market Update – September 2011

Uncovering Hidden Treasures: Finding Stability in Unstable Times

When we bought our house in 2008, we joked about the location. It was on a street named Stable. The neighborhood was named for a horse farm that used to occupy the 30-acre tract of land.

My husband and I always operated under the premise that each house would be a stepping stone to the next bigger, better home. Our first house was purchased with an ARM loan, and we sold it about a year before the balloon payment was due. This house was never supposed to be our long-term home, but a stepping stone for a few years. We viewed buying and selling a house like trading cars, and it was often easier, in fact, than buying another car. Continue reading Uncovering Hidden Treasures: Finding Stability in Unstable Times

The Trouble With Trial Mortgage Loan Modifications

Image courtesy WSJ.com

These days there seems to be no shortage today of people or politicians angry at mortgage companies.  Most however tend to be  customers of the nations five largest mortgage servicers;

Bank of America, Wells Fargo Home Mortgage, JP Morgan Chase & Ally Financial.

The source of anger tends to be  focused on  foreclosure, short sale request or loan modifications aka work-outs that never seem to get worked out and result is foreclosure. Continue reading The Trouble With Trial Mortgage Loan Modifications

Cary neighborhood opposes potential immigration office

Seal of the United States Department of Homela...
Image via Wikipedia

“The federal government is considering moving its local Immigration and Customs Enforcement office from a Cary office park to a former Kroger supermarket on N.C. Highway 55 and High House Road.” reported Sloane Heffernan from WRAL News.

Read the story here.

The debate rages onward.  If you read the local online forums, neighbors and Cary residents are upset that a detention center is coming to their backyard – in a residential community. Continue reading Cary neighborhood opposes potential immigration office

Real Estate; is it Your Best Investment Option?

dults making over $60,000 annually are more confident in a home as the best investment for a family than those earning less than $60,000 and 52% of investors say buying a home is the best investment a family can make.

Heritage; one of the area’s most stable communities in Wake Forest

ContentsHeritage Wake Forest, one community in the Greater Raleigh’ area with most stable real estate  values;  but that’s only one … More Heritage; one of the area’s most stable communities in Wake Forest

Raleigh Real Estate – it’s NOT a Buyer’s Market

if you are a first time home buyer shopping for a home in Raleigh say between $100,000 and $149,999 and in April found that your low ball offers weren’t being accepted, it’s because it ISN’T A BUYERS MARKET IN RALEIGH in that price range.