February Real Estate Activity in Research Triangle Park RALEIGH, N.C. - The Triangle MLS, Inc. (TMLS) announces the following information relating to houses listed and sold within the MLS system during February of 2011. Data stated below are for houses located in the entire triangle region. The percentage changes are comparisons with data from the prior year’s month unless otherwise noted. Sales in the entire TMLS system maintained a slight reduction over last year with just 30 fewer … [Read more...]
Don’t Be Mystified By The Mortgage Maze
February 22, 2011 By
Years after the housing market tanked and sank the economy, more than 70 percent of Americans say getting a mortgage today is a serious national problem, according to a new study by MortgageMatch.com, a home loan and information site operated by Move, Inc. According to the MortgageMatch.com survey, today's lending environment is so confusing many borrowers are experiencing high levels of stress and frustration. More than one in five recent home buyers (20.9 percent) told MortgageMatch.com, … [Read more...]
Mortgage Rate Update
February 4, 2011 By
Mortgage Rates: Best Execution Rises Before Jobs Data It's been about a month since the last Employment Situation Report was released. What we had to say about it then is pretty much the same thing we have to say about it now. The only real difference is mortgage rates were closer the middle of a tight range heading into the last Jobs report whereas this time, they're at their worst levels since mid-December. Most of that pain has played out over the past two days... On conventional … [Read more...]
Help For Short Sales May Be On The Way
September 29, 2010 By
A new piece of legislation is currently in committee that, should it pass, will provide some much needed help to both home buyers and home sellers. If inacted, it will increase the number of home being sold through short sale and reduce the number of homes going through foreclosure. By increasing the number of homes sold through short sale, investors may see a reduction of the number of homes available through programs such as HomePath and VA Vendee. Both of which provide investors … [Read more...]
WSJ Report – Durham #1 For Investors
August 25, 2010 By
Real-Estate Investing: the Best and Worst Markets By M.P. MCQUEEN Looking to snap up some investment properties on the cheap? You may want to consider Durham, N.C., Indianapolis and Huntsville, Ala. They are among the best places to invest now, according to a new report that ranks the best and worst markets for conservative residential-real-estate investors. Hard-hit Las Vegas and Orlando, Fla., are among the riskiest. Local Market Monitor Inc., a Cary, N.C., firm that … [Read more...]
Credit Report Tip Of The Day !
July 27, 2010 By
Are You Monitoring Your Credit Report ? These days you hear a lot about monitoring your credit report, looking for signs of identity theft. As important as that is, my tip for the day comes as a result of working with one of my clients. Here is a situation where just checking to insure that all the lines of credit could be accounted for was not sufficient to explain the trouble he was having with his credit score. Anyone who has tried to read a credit report, quickly discovers that there is a … [Read more...]
Local Economy Causes Population Growth
June 24, 2010 By
Raleigh’s population count crashed through the 400,000 barrier in 2009, according to new population estimates released Tuesday by the U.S. Census Bureau. North Carolina’s capital city, with 405,791 residents as of July 1, 2009, moved up a spot in the rankings, supplanting Colorado Springs as the 45th biggest U.S. municipality. Raleigh posted a population increase of 3 percent compared to the 2008 estimate of about 393,000. For the decade, Raleigh added more than 117,000 jobs … [Read more...]
Memorial Day Report
May 29, 2010 By
Real Estate News For the week ending May 29, 2010 our research of Raleigh, Durham and Charlotte neighborhoods identified new opportunities to acquire real estate at below market prices. These properties are Bank Owned distressed sales and VA foreclosures. The most interesting find this week turned out to be brand new homes located in Raleigh with prices in the $150's. These homes are being sold for $40K less than their original price. Find out more about these new homes by visiting … [Read more...]
VA Vendee Financing: Buy VA Foreclosures With Special Financing
January 26, 2010 By
The Veterans Administration is offering to the general public a wonderful opportunity to buy VA foreclosures for personal use or for investment. The highlights of this program include: 1. Low fixed rate financing - 4.5% for 30 years. 2. No mortgage insurance 3. Do Not need to be a veteran. 4. No property limit for investors 5. Low downpayment (5%) For more details, click on this link https://va.equator.com/index.cfm?event=public.vaVendeePage and save in your favorites. … [Read more...]
Senate Health Care Bill Threatens Home Building Recovery
December 22, 2009 By
Last-minute provision would require many small construction firms to provide health insurance to all employees. Hannah Schroder, HousingZone Contributing Editor December 22, 2009 HousingZone In an attempt to garner the votes needed to pass a massive health care overhaul before Christmas, Senate Democrats have included a last-minute provision targeting the construction industry that the National Association of Home Builders calls unfair. The provision would require many small … [Read more...]
