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Best Places to Live 2014

BEST PLACES TO LIVE

Number 19. Cary, N.C.

POPULATION: 144,399
CENSUS REGION: South
MEDIAN FAMILY INCOME: $108,901
MEDIAN HOME PRICE: $273,500
AVERAGE PROPERTY TAXES: $2,852
PROJECTED JOB GROWTH: 11.3%

Courtesy of the Town of Cary

In the heart of North Carolina’s Triangle region, Cary is sitting pretty. Raleigh, the state capitol, and high-tech hub Research Triangle Park are a few minutes’ commute away; Cary itself is headquarters to mega-software maker SAS Institute. While Cary’s small downtown is underwhelming, it offers easy access to the restaurants, cultural activities and sporting events happening daily in Raleigh, as well as the higher-ed hubs of Duke University, University of North Carolina and North Carolina State.

Cary covers 55 square miles, but with forested hills and tree-lined streets, it avoids feeling like a concrete sprawl. There’s a wide range of housing choices, and diversity too–14% of Cary’s population is foreign-born, and that number is increasing.

Cary schools are some of North Carolina’s best, but the city’s recent growth has led to attendance caps at some of them.

For more information visit: http://time.com/money/3312328/cary-north-carolina-best-places-to-live/

 

Why the Tar Heel State?

Downtown Raleigh has the best social scene in N.C., according to BuzzFeed

Oct 28, 2014
Purestock via Thinkstock

 

 

Managing Editor-Triangle Business Journal
 

On Monday, BuzzFeed released its "23 Reasons You'll Always Have North Carolina in Your Heart."

Why the Tar Heel state? For one thing, "because downtown Raleigh is breathtakingly beautiful at night and it has the best bars in the whole state," the website claims.

Other Triangle-related attributes offered as reasons to love North Carolina:

  • "Because there's no other rivalry quite like Carolina vs. Duke."
  • "Because Bright Leaf food products (Smithfield) are the absolute best, especially the hot dogs."
  • "Because there's nothing quite as special as going to the state fair in Raleigh, N.C. with your significant other."
  • "And no meal is as satisfying as eastern style bbq with a side of hush puppies, baked beans, and slaw."

The Outer Banks, the Blue Ridge Mountains, Krispy Kreme doughnuts andJames Taylor's "Carolina on my mind" are also cited as reasons to love the great state of North Carolina.

For more information visit:  http://www.bizjournals.com/triangle/morning_call/2014/10/downtown-raleigh-has-the-best-bars-in-n-c.html

Wake County Local Market Update September 2014

September 2014 Real Estate market is up compared to september 2013. Closings are up 8% and the average sales price is up 4.5% compared to the previous year. 

The above data chart is provided by Triangle MLS. Providing statistical reports on the residential housing market in the Triangle region based on the properties entered into the Triangle MLS system. These reports contain figures and graphs of activity for the most recent month and year to date. Reports are updated on the Triangle MLS web site about the 15th of each month. For further information visit http://www.trianglemls.com/market-trends.cfm

Tips for buying a house

Tips for buying a house

The top 10 things you need to know when buying a home

CNNMoney Magazine

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1. Don't buy if you can't stay put.

If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even worse proposition.

2. Start by shoring up your credit.

Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discover.

3. Aim for a home you can really afford.

The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you'll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford.

4. If you can't put down the usual 20 percent, you may still qualify for a loan.

There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a small down payment.

5. Buy in a district with good schools.

In most areas, this advice applies even if you don't have school-age children. Reason: When it comes time to sell, you'll learn that strong school districts are a top priority for many home buyers, thus helping to boost property values.

6. Get professional help.

Even though the Internet gives buyers unprecedented access to home listings, most new buyers (and many more experienced ones) are better off using a professional agent. Look for an exclusive buyer agent, if possible, who will have your interests at heart and can help you with strategies during the bidding process.

7. Choose carefully between points and rate.

When picking a mortgage, you usually have the option of paying additional points -- a portion of the interest that you pay at closing -- in exchange for a lower interest rate. If you stay in the house for a long time -- say three to five years or more -- it's usually a better deal to take the points. The lower interest rate will save you more in the long run.

8. Before house hunting, get pre-approved.

Getting pre-approved will you save yourself the grief of looking at houses you can't afford and put you in a better position to make a serious offer when you do find the right house. Not to be confused with pre-qualification, which is based on a cursory review of your finances, pre-approval from a lender is based on your actual income, debt and credit history.

9. Do your homework before bidding.

Your opening bid should be based on the sales trend of similar homes in the neighborhood. So before making it, consider sales of similar homes in the last three months. If homes have recently sold at 5 percent less than the asking price, you should make a bid that's about eight to 10 percent lower than what the seller is asking.

10. Hire a home inspector.

Sure, your lender will require a home appraisal anyway. But that's just the bank's way of determining whether the house is worth the price you've agreed to pay. Separately, you should hire your own home inspector, preferably an engineer with experience in doing home surveys in the area where you are buying. His or her job will be to point out potential problems that could require costly repairs down the road.

For more information please visit http://money.cnn.com/magazines/moneymag/money101/lesson8/index.htm?iid=TL_Links

2014 Parade of Homes

The 2014 Parade of Homes

 

Subdivision: Ramblewood Address: 3623 Rolston Dr., Raleigh; Wake County Builder: Ashton Woods Price: $1,246,360 Details: 4,373 square feet

 

Staff Writer-Triangle Business Journal
Email  |  Twitter

Home builders across the Triangle will be showing off their newest home designs and features during the annual Parade of Homes tour event that starts Oct. 4.

Nearly 250 new homes are registered to be on display – and available for tours – to the public during the 2014 Parade tour event, hosted simultaneously by the Home Builders Association of Raleigh-Wake County and the Home Builders Association of Durham, Orange & Chatham.

The homes on the Parade tours represent more than $126 million in cumulative home value.

The product ranges from a 1,458-square-foot townhouse in Renaissance Park in Raleigh priced at $175,000 to a 4,415-square foot estate in Country Club Hills in Raleigh that’s priced at $1.48 million.

All of the homes will be open for free tours during the weekends of Oct. 4-5, Oct. 10-12 and Oct. 17-19, and details for each of the homes on both HBA tours is available atwww.TriangleParadeofHomes.com  or contact Belinda McCall for futher information. 

“The Parade of Homes is a fun and casual way to check out what is currently available in new home construction and the latest and greatest building technology,” says Holly Fraccaro, executive vice president of the HBA-Durham, Orange and Chatham counties. “Our builders are leaders in the residential construction industry; even if you are not in the market for a new home, this is an opportunity for the public to take a peak inside and appreciate the art and science of new home construction.”

For more information visit http://www.bizjournals.com/triangle/blog/real-estate/2014/09/2014-parade-of-homes-raleigh-durham-chapel-hill-nc.html

Open House in Garner NC

100 Red Brick Rd, Garner NC 27529.      OPEN HOUSE!

Come check our new listing, Sunday August 17th from 1:00-4:00pm!  A Split Two bedroom Ranch with hardwood floors and Trey Ceilings.  Enjoy an afternoon on its lovely screened in porch over looking a beautiful garden of flowers.  The Ranch has a new roof and updated HVAC, along with a detached garage and a detached workshop/storage building.  We look forward to seeing you on Sunday!

 

Raleigh Leads the Best Place for Business and Careers in 2014

2014 Business and Careers in Raleigh!

Saturday, July 26, 2014

Kurt Badenhausen

Forbes Staff                     

The U.S. economic recovery has been an uneven one. Overall, the recent numbers look great. The Bureau of Labor Statistics announced U.S. employers added 288,000 jobs in June. The unemployment rate fell to 6.1%, the lowest it has been since the financial crisis peaked in the fall of 2008. A total of 1.4 million jobs were added in the past six months, which marks the best showing since 2006. The stock market has continued its meteoric rise, with the Dow Jones topping 17,000 for the first time on the news.

But the news is not great everywhere. Unemployment remains stubbornly high in some areas, with a dozen metro areas still mired in double-digit unemployment — dozens more if you include the underemployed. Income growth has been almost nonexistent over the past five years, with more than half of the metropolitan areas in the U.S. showing negative real income growth.

Forbes crunched the numbers on every metro area to figure who has the best and worst business climates. The result is our 16th annual look at the Best Places for Business and Careers.

Raleigh, N.C., ranks first this year, moving up from third in 2013. The North Carolina capital previously ranked first in 2011 and had a three-year run in the top spot from 2007 to 2009. It is the only East Coast city that made the top 10.

Fueling Raleigh’s consistent results are business costs that are 18% below the national average, and an adult population where 42% have a college degree, the 12th best rate in the U.S. (30% is the national average). Raleigh is home to North Carolina State University and nearby schools include Duke University and the University of North Carolina at Chapel Hill. The area’s appeal has led to a strong inflow of new residents to the city, which boasts the sixth fastest net migration rate over the past five years.

Research Triangle Park continues to fuel significant development in the area. The park is located at the core of the Raleigh-Durham-Cary Combined Statistical Area, and it is the largest research park in the country. It features roughly 170 companies that employ 39,000 full-time, mostly high-tech workers. There have been 1,800 start-up companies created at RTP since 1970.

Networking giant Cisco Systems CSCO +0.57% announced plans last month to add 550 jobs in RTP by the end of 2017, in addition to the 4,600 already in the area. “By expanding our presence and hiring the best talent, we will continue developing technology solutions that will enable the Internet of Everything and fuel innovation here in RTP,” said Cisco President Gary Moore in a statement announcing the news. Other top employers in the park include IBM IBM -0.43%, GlaxoSmithKline , Fidelity Investments ,Biogen Idec BIIB -0.35%, Credit Suisse and BASF .

Raleigh also prospers from small businesses facing low regulatory hurdles compared to other cities. Projected annual job growth for the Raleigh area is 3.7% through 2016, which ranks seventh best among the 200 biggest metro areas (see “Naples, Austin Head List Of Best Cities For Job Growth”).

Last year’s top-ranked city, Des Moines, drops back to second. The Iowa capital is a financial services hub with major employers including Marsh, Nationwide, Principal Financial and Wells Fargo WFC +0.02%. High tech firms have also been making their way to the heartland to take advantage of Iowa’s low energy costs. Microsoft MSFT +0.23% announced plans in April to invest $1.1 billion in a new data center, which brings the company’s total investment in West Des Moines to nearly $2 billion. Facebook has four data centers in the area.

Des Moines employers and employees can take advantage of business costs 17% below the U.S. average and living costs that are 6% lower than the national average. The city’s $38 billion economy is projected to grow at a robust 4% annual rate over the next three years, according to Moody’s Analytics.

Provo, Utah, ranks third overall this year and leads a trio of Utah places near the top with Salt Lake City at No. 8 and Ogden ranked No. 11. Brigham Young University brings a stabilizing presence to the $19 billion Provo economy. Job growth for Provo was tops in the country last year, and it ranks seventh best over the past five years. Global multilevel marketing firm Nu Skin Enterprises, which is based in Provo, opened a new $100 million headquarters in the city in October.

Rounding out the top five are a pair of Colorado metro areas: Denver and Fort Collins. Both feature highly educated workforces and strong net migration patterns. Denver’s business and living costs are higher than any other city in the top five, but its diverse economy and significant outdoor recreational options continue to attract educated, young professionals. Many high-tech companies including Hewlett-Packard HPQ +1.11%,Intel INTC 0% and AMD have relocated operations to Fort Collins in part to take advantage of the resources of Colorado State University and its research facilities. Fort Collins has the highest level of high school attainment (95% of the adult population) and ranks ninth best for college attainment at 45%.

To gauge the best places for business in the U.S., we rate the 200 largest metro areas on a dozen factors related to jobs, costs (business and living), income growth, quality of life and education of the labor force. Forbes uses data from economic research firm Moody’s Analytics, the U.S. Census and demographer Bert Sperling, who runs Sperling’s BestPlaces (click here for a more detailed methodology).

Atlantic City brings up the rear for the second straight year, ranking No. 200 (see “Atlantic City Heads Worst Cities For Business And Careers”). The New Jersey gambling and convention destination was hammered by the economic downturn and increasing gambling options in surrounding states. AC gaming revenues are down 45% since their 2006 peak. Potentially four of the city’s 12 casinos will close in 2014. There has been a steady net migration out of the area since 2007 and it is expected to continue through at least 2016.

-Kurt Badenhausen

 

Beach Music Festival- Thursday Nights!

bms2013-spons

This concert series has grown to become a favorite Thursday evening activity, drawing patrons from all across the state to North Hills to enjoy the most famous beach bands around. With the best band line-up yet, this 7th season is sure to be a fantastic one! Remember, best parking for this event is located in the CapTrust Tower!!

Scheduled Bands:

July 24 – North Tower Band
July 31 – Entertainers

August 7 – Liquid Pleasure
August 14 – the Embers

Sponsored by:  Thompson Buick GMC CadillacWRAL.comMix 101.5, Bud Light LimeBig Wave Golden AleLongboard Island LagerDTZ: A UGL Company

Learn more at: http://www.northhillsraleigh.com/event/midtown-beach-music-series/

Triangle Home Sales up 2%!

Triangle home sales up 2% in second quarter as new home inventory rises

dbracken@newsobserver.comJuly 10, 2014 

 

Triangle home sales increased 2 percent in the second quarter as the inventory of homes on the market got a big boost from new home listings.

New home listings were up 20 percent for the three-month period ending June 30 compared with the same period last year, Triangle Multiple Listing Services data show. The number of existing homes on the market remained flat, with overall inventory up 4 percent.

Stacey Anfindsen, a Cary appraiser who analyzes MLS data for area real estate agents, said the rise in new home listings may be a sign of softening demand.

“Last year they were just trying to catch up, but now I think that’s related to demand,” he said.

The average days on the market of the active new home listings during the second quarter was 117, up from 71 during the same period a year ago. There were also 275 new home sellers who dropped their list price during the quarter, a 77 percent increase compared with the second quarter of 2013.

Despite the increase in new homes for sale, inventory levels in the Triangle remain at historically low levels. Several areas of the Triangle – North Raleigh, inside the Beltline and Cary, Apex and Morrisville – continue to have an undersupply of housing. Seventeen percent of the existing homes that sold in the quarter did so in 30 days or fewer.

Anfindsen said for the first time ever the Cary/Apex/Morrisville area had zero inventory of single-family housing priced under $150,000. The trend reflects both shifting demographics and rising home values in that part of the Triangle and the unwillingness of owners of homes in that price point to put them up for sale.

With so few existing homes on the market in some areas, finding and putting a property under contract requires both quick action and the cash to outbid competitors.

“It seems more volatile than last year and the lack of inventory is part of it,” said Frank DeRonja, owner of Frank DeRonja Real Estate in Raleigh. “ ... If the listing hits on Friday at 5 p.m. you’ve got to be ready to go out there.”

One of DeRonja’s recent clients found that out firsthand as they looked for a house in the $300,000 range in an active-adult community in west Cary.

“It was their seventh multiple offer and we finally got them a house,” DeRonja said.

There are signs that home prices continue to rise in the Triangle. The average price of the homes that sold in the second quarter was $258,000, up 3 percent compared with the second quarter of 2013. The average price of the homes put under contract during the quarter was even higher, $274,000.

Bracken: 919-829-4548; Twitter: @brackendavid

Learn more at: News&Observer

 

Triangle home sales increased 2 percent in the second quarter as the inventory of homes on the market got a big boost from new home listings.

New home listings were up 20 percent for the three-month period ending June 30 compared with the same period last year, Triangle Multiple Listing Services data show. The number of existing homes on the market remained flat, with overall inventory up 4 percent.

Stacey Anfindsen, a Cary appraiser who analyzes MLS data for area real estate agents, said the rise in new home listings may be a sign of softening demand.

“Last year they were just trying to catch up, but now I think that’s related to demand,” he said.

The average days on the market of the active new home listings during the second quarter was 117, up from 71 during the same period a year ago. There were also 275 new home sellers who dropped their list price during the quarter, a 77 percent increase compared with the second quarter of 2013.

Despite the increase in new homes for sale, inventory levels in the Triangle remain at historically low levels. Several areas of the Triangle – North Raleigh, inside the Beltline and Cary, Apex and Morrisville – continue to have an undersupply of housing. Seventeen percent of the existing homes that sold in the quarter did so in 30 days or fewer.

Anfindsen said for the first time ever the Cary/Apex/Morrisville area had zero inventory of single-family housing priced under $150,000. The trend reflects both shifting demographics and rising home values in that part of the Triangle and the unwillingness of owners of homes in that price point to put them up for sale.

With so few existing homes on the market in some areas, finding and putting a property under contract requires both quick action and the cash to outbid competitors.

“It seems more volatile than last year and the lack of inventory is part of it,” said Frank DeRonja, owner of Frank DeRonja Real Estate in Raleigh. “ ... If the listing hits on Friday at 5 p.m. you’ve got to be ready to go out there.”

One of DeRonja’s recent clients found that out firsthand as they looked for a house in the $300,000 range in an active-adult community in west Cary.

“It was their seventh multiple offer and we finally got them a house,” DeRonja said.

There are signs that home prices continue to rise in the Triangle. The average price of the homes that sold in the second quarter was $258,000, up 3 percent compared with the second quarter of 2013. The average price of the homes put under contract during the quarter was even higher, $274,000.

Bracken: 919-829-4548; Twitter: @brackendavid

 

Read more here: http://www.newsobserver.com/2014/07/10/3998100/triangle-home-sales-up-2-in-second.html?sp=/99/104/134/#storylink=cpy

 

Real Estate Made SIMPLE!

Thank you for visiting today! If this is your first visit, take your time and look around. I have plenty of information and resources available to help you. If you are a return visitor, Thank You. I would love to hear from you and tell you how I can make your Real Estate needs SIMPLE, Contact BELINDA!

agent photo
Belinda McCall, Realtor®
Coldwell Banker
Homes By Belinda Inc.

Cary, NC 27513
Direct: 919-291-1107
Email: BelindaMcCall@gmail.com

      

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