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Raleigh NC Real Estate
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February 2008 Raleigh NC Market Trends ReportÂ
The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors. Â
Lawrence Yun, NAR chief economist, said many [...]
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March 21, 2008 in Investing in Raleigh Area Real Estate, Raleigh Real Estate, Real Estate Bubble? What Real Estate Bubble?, Relocating to the Raleigh Durham Area Adding to the momentum and rebirth of downtown Raleigh, the Wachovia Capitol Center, the largest office building in the Triangle was recently sold for a record-breaking $153.4 million — about twice what the sellers paid for it in 1999. Another vote of confidence for downtown Raleigh revitalization. There are many investors interested in purchasing real estate [...]
While catching up on my reading over the weekend, I ran across an article in the “Wall Street Journal Sunday” (November 26, 2006), “Home Buying, or Selling, in a Falloff” that displayed a chart of house values — “Over, Under, or About Right” and shows Raleigh-Cary, NC as a “Fairly Valued” location. They list the Raleigh-Cary average real estate price [...]
Much of the National statistics have been concentrating on housing prices in the real estate boom, then recent slowdown, and not much information has been published about land prices, until recently. Statistics say National land prices have taken an even wilder ride with residential lot prices in many areas of the country plummeting in the past year as much as 29%. [...]
Each month, Stacey Anfindson, the statistical wizard who crunches the numbers and gives the members of the Raleigh Regional Association of Realtors data so we can keep up with market conditions (http://www.tarreport.com/) recently issued his monthly report and here is what Stacey has to say – Since the 2000 census, Wake County has had an increase of [...]
For the past couple of weeks I have been gathering information for a presentation at a seminar for out-of-state buyers interested in purchasing properties in markets outside of their own. Knowing for several months about this seminar, and this presentation, I began paying closer attention to the National housing news and an even closer look at our local market. Of course, [...]
Recently the News & Observer, (November 18, 2006, More homeowners cut prices to sell) reported “As the rest of the nation struggles with a housing slump, the Triangle appears a bit of a haven for those selling homes.” How fortunate we are to have such a strong housing market in the Raleigh-Durham area. We seem [...]
Front page headlines in The News & Observer today –
“Prices of new homes plunge.”
Toward the end of the article they finally get around to the good part – ”So far the Triangle’s housing market has avoided many of the problems plaguing the national market.” As I have said before, the Raleigh Durham, and the Research Triangle Area are [...]