Forbes 13th Annual List: The Best Places For Business and Careers The recession spared few U.S. cities, wiping out 9.4 million jobs between November 2007 and August 2009. Many will never return, and those that do you probably won’t find on the East or West Coast. For the most active areas of job creation (and lower costs of doing business) you have to go to the heartland, home to 80% of the top 25 regions on our list of Best Places for Business. In most of these hot hubs you’ll find a … [Read more...]
Mortgage Rates at All Time Low
December 17, 2011 By
30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent In Freddie Mac's results of its Primary Mortgage Market Survey® (PMMS®), the average fixed mortgage rates at or near their all-time lows. The 30-year fixed matched the average all-time record low of 3.94 percent, and a new all-time record low was set for the 15-year fixed, both previously set in the October 6, 2011 Freddie Mac PMMS. The 5-year ARM also set a new all-time record low at 2.86 percent for the … [Read more...]
Foreclosures On The Decline
May 18, 2011 By
N.C. foreclosures down year-over-year Foreclosures on N.C. homes fell 28.7 percent in April from a year ago, but rose 13.9 percent from March. Some 2,784 N.C. homes were in foreclosure proceedings in April, or one in every 1,530 households. North Carolina ranks 37th in the nation for the rate of filings, according to RealtyTrac Inc. Foreclosures nationwide dropped 34 percent from April 2010 and fell 8.6 percent from March. There were 219,258 filings last month across the nation, or … [Read more...]
February 2011 Real Estate Update
March 30, 2011 By
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...]
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...]
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...]