Archives: January 2013

Prices Are Up, Home Supply Is Down

For those who have been waiting on the sidelines to list their homes, or potential buyers holding out for a deal, it is pertinent to note that the market conditions have begun to shift. For six months or so the supply of homes has been shrinking; the number of homes listed for the first two […]

Raleigh One Of America’s Fastest Growing Cities

Raleigh has ranked fourth on Forbes Magazine’s 2012 list of America’s Fastest Growing Cities. Forbes called Raleigh “the boomtown” and cited the growing presence of major corporations and numerous colleges and universities as factors generating Raleigh’s growth. Forbes used data from Moody’s Analytics to compile the rankings from factors such as population growth, job growth, […]

Home Sales Hit 5-Year High In 2012

Home sales numbers in the U.S. for 2012 rose to their highest levels in five years according to the National Association of Realtors. Sales reached 4.65 million in 2012, which was the most since 2007. The shrinking supply of available homes is pushing prices up and driving competition; the available homes inventory dipped to the […]

Housing Starts Up In December

Homebuilders began construction on new homes in December at the fastest pace since summer 2008, and 2012 turned out to be the best year for residential construction since the housing crisis began. Raleigh (along with Austin and Houston, Texas) showed the highest construction activity in the country. In 2012 the number of housing starts was […]

Foreign Businesses Love North Carolina

North Carolina was ranked number two on the list of the top 20 states attracting jobs from foreign investments according to a new study by the IBM Institute of Business Value. The study focuses on annual global relocation trends. North Carolina moved up one spot from being ranked 3rd in 2011. The Triangle area has […]

Triangle Restaurant Week Is Almost Here!

Prepare yourselves! Be sure to hit the gym an extra time or two because Triangle Restaurant Week is upon us! Between January 21 -27th over 70 local eateries will be offering prix fixe menus for both their lunch and dinner offerings at amazing prices. Triangle Restaurant Week showcases dining establishments from Raleigh, Durham, Chapel Hill, […]

Mortgage Rates Fall Toward Record Lows

The average rate on 30-year fixed mortgages headed towards record lows this week. According to Freddie Mac the rate on a 30-year loan was 3.38%, down from 3.4% last week, and hovering slightly above the 3.31% rate that was reached in November. The 3.31% rate is the lowest since 1971. These low rates make homebuying […]