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
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
Because of the current state of our economy many luxury home buyers may have been artificially sidelined.
These would be move up buyers are fearfully waiting for the housing market to bottom.
As with the stock market, it is hard to time the housing market. No one really knows for sure whether the market will go down further or not. In fact even after a recent six month rise in housing prices they have begin to fall again. Continue reading How to Upgrade your Home in Raleigh