The 2017 national real estate market is predicted to moderately slow moderately as compared to the last two years, according to Realtor.com®. Home prices are anticipated to slow to a 4 percent increase, down from 5 percent in 2016, and interest rates are expected to reach 4.5 percent in the year ahead.
Fuller Land & Development developed the first phase of Hempstead at Beaver Creek subdivision for NVR/ Mountain Real Estate Capital and Ryan Homes. The first phase consisted of fifty (50) townhome lots, platted in November of 2015. Site work construction on the second phase of seventy-six (76) lots is scheduled for completion by November 2016.
According to the Triangle Multiple Listing Service's Local Market Update, Johnston County has seen a substantial increase in new listings, closed listings and sales prices in 2015. The number of days in the market for a Johnston County home has decreased over 23% and homes will become increasingly hard to find as inventory has dropped over 21% from last year, down to a 3.2 month supply.
The Consumer Financial Protection Bureau instituted new rules regarding disclosures under the Truth In Lending Act and the Real Estate Settlement Procedure Act that will affect all mortgage applications and real estate settlements. These changes were to take place on August 1, 2015, but were delayed until October 3, 2015 to allow for the industry to be better prepared.
All "dirt dogs" have the same question as 2015 gets underway: "What's in store for the Triangle when it comes to buying and selling finished lots and entitled land?" Here's our take.
Forbes.com ranked Raleigh as the Best City in America for Raising a Family. Raleigh has an economic base led by banking and finance which has made it one of America's fastest growing cities.
If you look at growth patterns throughout history, you’ll see general ebbs and flows of population centers. Expansion and contraction around urban centers leaves some communities with a unique problem - and land banks may be the answer.
TLF Maybrook donated 38.5 acres of land in Raleigh to the City of Oaks Foundation in December. “We felt like it was the right thing to do given its proximity to Walnut Creek and the greenway” said Jim Anderson, the managing member of TLF Maybrook.
Mamta Kadkar, a reporter for the Business Insider, has projected the Raleigh/Cary real estate market to be one of the top ten "Hottest Housing Markets" in 2014. The research was relatively simple, but the conclusions imply a large impact on local area housing.
The HBA of Raleigh-Wake County is reporting that building permits for single family homes have increased 30 percent in January through September compared to last year.
One of three US cities on the list, Raleigh/Durham ranked #1 on Forbes' 10 Up and Coming Cities for Entrepreneurs and Triangle entrepreneurs couldn't be happier.
Wake County, North Carolina ranked the 12th best county for job growth in the United States at a rate of 10.7% between 2010 and 2012. Wake County is attributed to having existing company expansion, new companies beginning, and excellent educational opportunities to support them. Wake county jobs should be set for a steady incline with all of the new local expansions on the way.
Triangle building popularity and now Greatist.com has ranked Raleigh the seventh best city for 20-somethings. Although it can be difficult to pinpoint exactly what people in their 20s are looking for in their ideal location, Greatist.com was able to narrow down the list to common themes. Themes included outlets of meeting and making friends, being able to relax and going to a place of employment they love. Diversity, cleanliness and safety also placed highly on the list of necessities.