In quite a few areas of the Triangle, houses are going under contract within 1-2 days of hitting the market and most of them have multiple offers on them. The inventory crunch is shaping up to be the same or worse than last year because rates seem to be rising and homeowners are still hesitant to put their homes on the market. As a result, the builders are having a field day. They can’t build them fast enough! – Justin Burleson – Raleigh-Cary Area Real Estate Broker
Simply put, if you’re planning a move to the Raleigh – Cary MSA of the Triangle area of North Carolina in 2013 and your housing needs are such that you require a four bedroom home, renting may not be your most economical option today.
The bad News; If you have to sell your home in Wake County North Carolina where 100% of Raleigh is located, the value of your home is falling faster than our presidents job approval ratings!
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.
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…
“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…
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.
Raleigh/Durham has been one of the least-affected markets in the country, and we still have a 9 month supply of houses. So is there any good news in housing right now? For … Read More
Heritage Wake Forest, one community in the Greater Raleigh’ area with most stable real estate values; but that’s only one reason to call Heritage…
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.