With real estate prices on the rise across Wake County and the region of the Research Triangle of Raleigh-Cary-Durham, mortgage lenders and banks that have been carrying so-called ‘shadow inventory’ since the end of the Great Recession have ramped up …

Wake County Foreclosure Rising to Pre-Crisis Levels Read more »

When I was preparing the post – Buying a home in Raleigh is getting tough!  I reached out to some real estate partners that I know and trust and asked them to comment on on the current market condition. The responses were …

Realtors Comment on Raleigh – Cary – Durham Home Sales 2014 Read more »

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 …

How to Upgrade your Home in Raleigh Read more »

Has Renting Become the New American Dream? If you have wondered if buying a home is right for you, think about this simple phrase “Everybody has to live somewhere and of course the location can be one of the deciding …

Is Renting YOUR American Dream? Read more »

USDA RURAL DEVELOPMENT GUARANTEED RURAL HOUSING NEWS From the National Office in Washington DC June 15, 2011 GUARANTEED LOAN FUNDING UPDATE:  SUMMER SIZZLES!   GUARANTEED LOAN VOLUME UP!  PLENTY OF FUNDING AVAILABLE!    The Single Family Housing Guaranteed Loan Program (SFHGLP) …

$14 Billion in No Money Down Guaranteed Loans for Rural Homebuyers Read more »

The USDA is begging for people to borrow their money! The program will be undergoing significant changes in October with the introduction of a monthly PMI. Until then they have plenty of money and are eager to lend it; GUARANTEED …

$24 BILLION DOLLARS ALLOCATED FOR GUARANTEED LOANS! Read more »

In April I wrote about a bill introduced in the North Carolina General Assembly HB/485 that I dubbed Cash For Contractors. The sole purpose of the bill was to reward home buyers of a newly constructed home in North Carolina with a …

NC Home Buyer Tax Credit *UPDATE* Read more »

Today’s historic low real estate prices in Raleigh North Carolina and the surrounding areas along with similarly low rates have made homeownership the best tool or hedge against inflation the average person can use to protect themselves from the imminent rising prices. If you have been waiting for the bottom, this loan officer is going on the record as saying THIS IS IT! Of course we will have no way of knowing that to be true until we look back six months from now and see that I was right, but by then it will be too late and you will have missed the best opportunity to have bought real estate in easily 30 or more years!

Remember, housing will likely be in a much better position in the second half of the year and at that time rates could be a bit higher. Now’s the time to take advantage of the combination of low rates and affordable housing.