The Triangle’s current competitive seller’s market is presenting a multitude of challenges for buyers. Low inventory, competing bids, and short due diligence periods can make the home buying process more than a headache for folks looking to invest in our area. If you’re thinking about purchasing a home, going with new construction has many benefits in this type of market. We’re going to walk you through how buying new, using an agent, and preparing your finances can help you secure the house you’ve been looking for in your desired location!
Vogue magazine recently ranked Raleigh as one of the top 3 best places to buy a home in 2018. This and many other "best of lists" that Triangle area towns have been topping as of late is due in part to our growing jobs market which has prompted a population boom of incoming families searching for an exceptional quality of life. Springtime is notoriously one of the busiest times in the real estate market with higher competition for prospective home buyers leading sellers to drive up home prices due to high demand. All of this amounts to a great time to buy a newly constructed home in the Triangle area!
Spring in the Triangle Region of NC is truly unlike any other part of the south. The outdoor destinations and nature preserves offer a great opportunity for locals and visitors alike. Get your calendar ready and be sure to take a moment and view a selection of our springtime favorites.
It’s human nature to desire to recoup the money you invest in your home. Who wouldn’t? But is every home improvement going to be rewarded at resale? Probably not. But that’s okay. There are a few factors you should consider before making a home upgrade, which are the most likely to pay off when you decide to sell. Even if that is your main focus—many different opinions exist about which projects offer the biggest payoff.
At J. Fuller Homes, we strive to stay on the cutting edge of design as we craft our custom and semi-custom-built homes to the highest set of standards. Here’s what’s trending in design for 2018.
Fuller Land & Development placed #12 in the Triangle Business Journal’s 2017 “Fast 50” Awards program. This long-running program recognizes the fastest-growing, privately held firms within the Research Triangle region. Fuller, a multi-faceted real estate firm, offers land investment, brokerage, development and custom home building services throughout the region.
J. Fuller Homes is discovering the biggest benefit for all users of its new, cutting-edge home building software is it improves transparency for every segment of the detailed custom and speculative home building processes. Whether you are the home builder, the customer, the superintendent or the vendor, CoConstruct has improved J. Fuller Homes’ efficiency, thus improving its overall level of customer service as well as its bottom line.
If you are a landowner or invest in real estate properties, you have probably heard of 1031 exchanges. But you may not have heard of IRC Section 453, which offers an alternative to 1031 exchanges, one that many landowners and investors may find favorable, dependent on their situation.
We already knew that the development Sherrill Place in Garner was a true gem, but J. Fuller Homes’ recent recognition in the Johnston County Parade of Homes let the rest of the Triangle region in on the secret.
Spring time is a lovely time in North Carolina’s Triangle region. For the most part, humidity is low, the skies are blue and the sun is bright. It’s also an opportune time to check in with our local housing market.
A bird’s eye view shows all numbers going up, except, of course, the numbers you want to go down, like days on the market. Unlike most weather predictions, those who predicted the Triangle’s continued housing market success got it 100% right.
A soft, lush green lawn—it reminds us of carefree afternoons, playing in the yard and soaking up the sun. For some, working in the yard is a pleasant escape and for others, it’s not so pleasant.
No matter your relationship with your lawn, most people enjoy the results of a well-manicured lawn and strive towards that perfection yearly. Springtime is go time for caring for your lawn, and it’s always helpful to have a plan. Below are important steps to take for ultimate lawn success.
Owning a home creates a haven where dinners are prepared, families are connected and memories are created. But as you may know, owning a home costs money. Fortunately, homeowner tax breaks exist to help with the expense. To literally cash in on these perks, working on your taxes becomes more complicated. You will need to utilize a Form 1040 and Schedule A, so you can itemize. However, the effort to itemize is well worth the savings earned at tax time.
At Fuller, we embrace the latest design trends while staying rooted in what we do best, constructing custom and semi-custom-built homes to the highest set of standards. After reviewing multiple 2017 Design Trends resources, we’re assured our team has entered the year on point. Kitchens lead the way in setting design, especially as wide-open spaces and focus on home flow continue to dictate overall home design. Emphasis on the home’s exterior and green living continue to influence design choices while homeowners find new ways to splurge.
Familiar with either I-540 or NC 540? For readers who sit in traffic on one of these roads every day, they may be too familiar. But the proposed “Complete 540” project hopes to ease travelers’ traffic pains. While the plan is in motion, some influences want it to happen faster.
Tesla shareholders recently approved the acquisition of SolarCity, the nation's largest manufacturing and installer of solar panels. If Tesla manages to create the money saving, high-efficiency roofing system they are promising, it may be a whole new world for solar power.
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.
Jim Anderson, President of Fuller Land & Development, was invited to speak at the University of North Carolina’s Kenan-Flagler Real Estate Development Process class in October.
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.
"The residential real estate market in the US is on fire," said Brian Jones, senior US economist in New York at Sociate Generale. Lawrence Yun, chief economist of the Realtor Group agrees, "The housing market is too good." With home sales rising above forecast, it will be important to track causes and potential outcomes.
Bloomburg released an article on April 29 ranking the top Boomtowns (fastest growing cities) in the United States. To be considered a Boomtown, Bloomburg created a score based on the increase of two major factors- population and gross domestic product- according to US Census data. Only areas with the population of over one million were considered in these rankings. Raleigh/Cary ranked third, while our neighbors to the southwest, Charlotte/Gastonia/Concord, ranked tenth.
Durham, North Carolina was recently ranked the #1 best market for conservative real estate investors, according to the Investor Suitability Report conducted by Local Market Monitor. Originally reported by the Wall Street Journal, then paraphrased by DailyFinance.com, 315 regions were considered during this study. The criteria for consideration included markets where both employment and home prices are relatively stable, with populations having a growing income. Only single family non-rental homes were taken into account.
The developers of the proposed $135 million Parkside Town Commons project in west Cary are adding a hotel and shifting the focus to more retail versus residential. A new plan submitted to the town of Cary shows that Kite Realty Group, the Indianapolis-based developer of the project, has eliminated plans for office buildings, reduced the amount of small-shop space, changed plans for an apartment complex and added a 140-room hotel.
Of the top 10 markets with the most single-family construction activity over the last year, six are located in Texas and the Southeast. The ranking table below shows the top 20 markets in the country. We have ranked them in order of the total number of single-family permits pulled over the last 12 months. Tracking metro-level permit trends gives insight into which housing markets are growing and by how much.
Strength is building in the Triangle’s new homes market, and one of the nation’s busiest home builders is spending an eye-popping $8.5 million on 90 acres of wooded acreage in west Cary.
Lennar Corporation paid top dollar for the Roscoe Fryar land on Green Hope School Road. There, Lennar hopes to expand on the sales success of its neighboring communities.
Ready lots moving off market, prompting developers to shop for fresh land. Big home builder groups such as D.R. Horton and Pulte Homes are getting back into the land development business as the supply of ready lots begins to diminish across the Triangle.
By fits and starts, the Triangle home building industry is getting back into a groove of construction starts and sales. Most of the excess inventory of speculative homes that weighed down the market in 2007 and 2008 is gone, and most Triangle home building companies that were polled by Triangle Business Journal expect homes in 2012 to start growing again.
RALEIGH – Believe it or not, competition is heating up for available home lots throughout the Triangle as home builders from across the nation recognize the Triangle as among the healthiest housing markets in the country.
DURHAM – Sales have been so strong at PulteGroup’s Carolina Preserve at Amberly active adult community in Cary that the national homebuilder is making plans to build another massive community under its Del Webb brand.
Wells Fargo’s predecessor company, Wachovia Bank, invested about $99 million with the original triangle construction developers of the two communities to finance the purchase of land and the construction of roads and other infrastructure, according to county records.