Raleigh-The Best Place to Live!

Population: 884,891

Growth (2000-2010): 63.4%

 

Named for Sir Walter Raleigh, who popularized tobacco use, the city’s economic stability once depended heavily on the crop-and the nations love affair with cigarettes.

But these days, Raleigh,now known for the “City of Oaks,” is relying on much more intellectual pursuits. Part of the Research Triangle, which also includes the cities of Durham and Chapel Hill, Raleigh is now home to many tech firms, including Red Hat, the open source software company, and Etix, a web-based ticketing company for sports, entertainment and travel.

With several prestigious universities in the area, including Duke University, the University of North Carolina and North Carolina State, there are plenty of new recruits for these companies to choose from.

Not only do many of the students stay after graduation, but many of their parents have come to live here as well. “The parents have gotten a chance to see the area and some choose to retire here,” said Marvin Butler, chair of the Raleigh Planning Commission.

What does this mean for housing values? Builder Magazine has named the Raleigh-Cary area the healthiest of the 100 largest US housing markets. Housing market rankings were based on a variety of factors, including home price appreciation or depreciation, job growth, household and income growth, unemployment rates and building permit activity. “The rankings reflect both the Triangle’s resilience during the downturn and its outlook for growth,” said Tim Minton, executive vice president of the Home Builders Association of Raleigh-Wake County. “Clearly our market has been able to weather the storm better than most.”

Conclusion: Raleigh is the best place to live!

Sources:
leschristie@cnnmoney, raleigh-wake.org 

 

 

Spruce up your Home for Spring

Easy one day projects to add curb appeal to your home

from Better Homes and Gardens

  Create Perfect Symmetry

Symmetry is not only pleasing to the eye, it’s also the simplest to arrange. Symmetrical compositions of light fixtures and front-door accents create welcoming entryways.

Replace Old Hardware

House numbers, the entry door lockset, a wall-mounted mailbox, and an overhead light fixture are all elements that can add style and interest to your home’s exterior. If they’re out of date or dingy, your home may not be conveying the aesthetic you think it is. These elements add the most appeal when they function collectively, rather than as mix-and-match pieces. Oiled-bronze finishes suit traditional homes, while brushed nickel suits more contemporary ones.

Dress up the Front Door

Your home’s front entry is the focal point of its curb appeal. Make a statement by giving your front door a blast of color with paint or by installing a custom wood door. Clean off any dirty spots around the knob, and use metal polish on the door fixtures. Your entry should also reflect the home’s interior, so choose a swag or a wreath that reflects your personal style.

Do a Mailbox Makeover

Mailboxes should complement the home and express the homeowner’s personality. When choosing a hanging drop box, pick a box that mirrors your home’s trimmings. Dress up posted boxes by staining or painting the wooden post to match the house’s trim and woodwork. Create structures for your box from materials found throughout the hardscaping. Warning: Consult a professional when designing and building structures. Also check with your HOA guidelines for any specifications you need to follow.

Install Outdoor Lighting

Low-voltage landscape lighting makes a huge impact on your home’s curb appeal while also providing safety and security. Fixtures can add accent lighting to trees or the house or can illuminate a walking path. If you aren’t able to use lights that require wiring, install solar fixtures (but understand that their light levels are not as bright or as reliable). Again, check with your HOA Guidelines, this is also a great idea for your backyard to add extra ambience.

Create and Instant Garden

Container gardens add a welcoming feel and colorful appeal to any home exterior — quickly and affordably. You can buy ready-made containers from garden centers or create your own with your favorite plants. For most landscapes, a staggered, asymmetrical arrangement works best to create a dynamic setting.

Renew Planter Beds

Get garden beds into shape by pruning growth, pulling weeds, planting flowers, and adding new mulch to restore color that was taken away by sunlight and harsh weather. If stone or brick borders your bed, consider cleaning and resetting any pieces that are soiled or dislodged. If your border is old or tired-looking, try upgrading to stone or a decorative cast-concrete edging system.

Install Window Boxes

Window boxes offer a fast, easy way to bring color and charm to your home exterior. Choose boxes made from copper or iron for a traditional look, or painted wood for a cottage feel. Mix and match flowers and plants to suit your lighting conditions and and color scheme.

 

3 Ideas For Purchasing Forelcosed Homes in Apex NC

cashI love working with my friend, Steve Thorne, who is a lender in the Raleigh, Apex, Cary Market. We were talking recently about all of the folks we’ve talked to who are interested in purchasing “distressed” and Foreclosed Homes in Raleigh this year!  Here are some ideas we came up with for programs you might want to use!

Many times you can buy a foreclosed home with NO money Down – and get a really good deal!

  1. USDA offers 100% financing for properties that are located in more rural settings, and families that make less than the median area income. These 100% financing loans do not offer additional money – or escrow opportunities to fix any repairs to the property.
  2. You can purchase a HUD foreclosure for as little as $100 down!  In addition to this, for certain properties -  if you are a public servant, fireman, policeman, emergency medical or teacher… and you might be able to purchase the property at HALF PRICE! (click here for more details!)
  3. As a Veteran, your benefits allow you to purchase a home with no down payment.   It’s a simple qualifying process, but again, it does not cover any repairs that might need to be made to the foreclosed property!

Please remember that in general, there are very few programs available if you are looking for a manufactured home.

There are also programs available through Fannie Mae and Freddie Mac to purchase THEIR foreclosed houses (distressed property) with special financing!

Now is a great time to buy real estate – and there are a TON of options to consider!  If you are ready to get pre-qualified call – 919-649-5058 Steve Thorne Mortgage Loan Office River Community Bank, NA

6 Housing Markets Gear Up for a Rebound… Including US!

6 Housing Markets Gear Up for a Rebound

Daily Real Estate News | Monday, January 23, 2012
Stronger job markets are pushing several cities’ housing markets into recovery-mode. Forbes and the Local Market Monitor, a real estate research firm, recently profiled its top picks for cities that are most poised for a real estate rebound.

The list is based on housing and economic data from the 100 largest cities in the country.
“For real estate to do well you want to see two things: that incomes are growing rapidly … and that the growth in jobs attracts other people to that market,” Ingo Winzer, founder and president of Local Market Monitor, told Forbes.

 

Here are the cities topping the list:

1. San Jose, Calif.
Population growth: 5 percent
Job growth: 3.3 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 97 percent increase
2. Houston, Texas
Population growth: 7 percent
Job growth: 3 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 38 percent increase
3. Boston, Mass.
Population growth: 3 percent
Job growth: 2.1 percent
Home prices for the past 12 months: 1 percent decrease
New-home construction: 1 percent increase
 4. Raleigh, N.C.
Population growth: 12 percent
Job growth: 1.4 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 14 percent increase
5. Austin, Texas
Population growth: 11 percent
Job growth: 1.5 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 20 percent increase
6. Oklahoma City, Okla.
Population growth: 4 percent
Job growth: 2.6%
Home prices for the past 12 months: 3 percent decrease
New-home construction: 1 percent decrease
Find out more about why these cities are poised for a rebound, and see what other cities made the list.

EXCITING NEWS FOR US!!

We have been feeling the momentum building since December. It is wonderful to see stats to back that up.

If you or someone you know is thinking of buying or selling a home, NOW is the time.  Please CONTACT US.  We have years of experience in this area, we know this market.  We will shoot it to you straight and develop a plan to help you reach your goals!  Let’s get started! 919-810-7446

You can SEARCH ALL HOMES ON MLS NOW

Have mortgage questions or want to know what you qualify for? Contact STEVE THORNE 9196495058

 

Source:http://realtormag.realtor.org/daily-news/2012/01/23/6-housing-markets-gear-up-for-rebound
Source: “Cities Where Real Estate Is Ripe for a Rebound,” Forbes (January 2012)

People Are Buying Homes and Getting Mortgages!

Excellent Article About Movement In the Real Estate Market

 People Are Buying Homes AND GETTING MORTGAGES!

by The KCM Crew on January 11, 2012

Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in the United States EACH and EVERY DAY! That means that approximately 12,000 houses sold yesterday, approximately 12,000 will sell today and approximately 12,000 will sell tomorrow. So the thinking that homes aren’t selling just isn’t true.

Another interesting fact in the report was that 72% of these transactions were accompanied by a mortgage. That means that approximately 8,719 people qualify for a mortgage on a daily basis in this country.

There are over 12,000 homes sold and over 8,000 mortgages granted every day. The real estate market is doing better than many believe.

To get information on qualifying for a mortgage contact Steve Thorne

SEARCH all homes for sale in MLS in Raleigh NC and surrounding areas!

We can help you meet your real estate goal – CONTACT US for a no obligation internet, phone or personal converation 919-810-7446

Source:http://www.kcmblog.com/2012/01/11/people-are-buying-homes-and-getting-mortgages/