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 […]
Recent statistics released by the NC Employment Security Commission show new jobs in North Carolina continuing to occur in various sectors and report a correlation with population growth in the particular sector. The Triangle jobless rate of 3.8 percent remained unchanged. The Triangle rate was lower than the statewide rate of 4.7 and national rate of […]
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 […]
Recently I attended a seminar in San Francisco designed for real estate entrepreneurs interested in investing in other areas of the US, where the downturn in the housing industry has not taken such a toll (that would be Raleigh-Durham). We are certainly blessed in Raleigh Durham and find many families (39 per day!) choose to relocate […]
53% of the voters said “yes” to building new schools or renovating existing schools in Wake County. Now we will have at least a chance of keeping up with the much needed facilities to house the children of relocating families to the Raleigh-Cary area. We added 7,500 students to our schools this year, and expect this trend to continue […]
Based on information released by the North Carolina Employment Security Commission for August, 2006, Wake County has a workforce of 431,089 with an unemployment rate of 3.4%. This is an increase of 5.16% compared to the August ‘05 workforce of 409,912. The unemployment rate in August ‘05 was 4%. This is great news for those seeking employment […]
Raleigh NC #4 in CNNMoney.com Best Big Cities rankings.
And, while you are there, take a look at Cary, NC (just SouthWest of Raleigh). Cary, NC ranks #5 in Top 10 Best Places and it is not hard to understand — Cary is such a beautifully planned town with lots of greenery along the parkways through the area. […]
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 […]
