Forbes recently cited a 38% surge in new home sales since last year, hitting a five-year high in June, according to the newest figures from the Commerce Department. For those of you with short-term memory, that would be the last good year of real estate sales before the bust. Yet, despite a monthly drop in activity, sales of previously owned homes remain 15% higher than last year as well, according to the National Association of Realtor’s. Continue reading Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles
No one remembers the second & third runners up
After living in Raleigh for many years, it is no surprise to me that Raleigh and surrounding Triangle area cities continually take the top spots on this Forbes magazine list year after year.
While most American cities would revel at being named No. 3, Raleigh is back in the number one slot as the best place in America to do business and that’s right where we want to stay! Continue reading Once again Forbes names Raleigh #1 Place for Business!