Durham Real Estate Blog

Thanks to steady job growth and an affordable cost of living, the Triangle housing market remains one of the more competitive mid-size markets in the country. And while most of us who already live here are well aware of that competitiveness, a new report from realtor.com further demonstrates just how robust our market can be, especially when it comes to flipping homes. 

According to the data, Raleigh registered the highest year-over-year home flipping increase in 2018, edging out a number of popular retirement destinations like Orlando, Phoenix, and Las Vegas. 

The report, which studied a whopping 200 markets, examined home sales from last July, August and September, and then proceeded to compare...

Townhomes are very highly sought-after right now, especially among young and first time home buyers on a budget. Along with being more affordable, most townhomes also offer the comfort and convenience of being maintenance-free, further boosting their appeal to those in the market for a new place to live. And if you're looking for a townhouse in Raleigh but only have a budget of around $300,000, we have a few great places in mind that may be the perfect place to begin your search. 

Camden Park

One great place to search is ...

If you’re thinking about buying a home in 2019, you'll probably want to consider buying sooner rather than later.

Why, you ask? We explain below...

HIGHER MORTGAGE RATES

To start, mortgage rates are rising. While still low for now, the 30-year, fixed rate mortgage is expected to reach 5.8-percent by the end of 2019. That’s something we haven’t seen in about a decade, and a good reason to buy early.

RENT PRICES ARE STILL RISING

Nationwide, rent prices are also expected to rise. Thanks to a good economy, rental prices should be on the upswing, again making now a good time to buy.

STRONGER...

If you're planning to buy on a budget in 2019, we have a few places in mind that may be the perfect place to start your Durham home search. 

Southland Park

Southland Park is a great place to begin your search for a new home. With several affordable options in homes for 2019, the area offers three- to four-bedroom homes, priced in the low to mid $200,000s.

Dunbarton

Another great community to search is Dunbarton. With a number of different home designs and mature landscaping, it’s possible to find up to a four-bedroom home here for under...

With Turkey Day right around the corner, what better way to get in a Thanksgiving-kind-of-mood than to browse Triangle area homes with some of the most incredible kitchens you'll find anywhere? And if you happen to be someone who's in the market for a beautiful new place to call home, even better! Below are just several area subvisions and communities that truly feature homes with Thanksgiving-worthy kitchens, but the list doesn't just stop here. Continue searching other luxury homes for sale in the Triangle area to keep the fun going!

The Hills of Rosemont (Durham)

If you really want to make a statement, ...

If you're searching for a new construction home in the Triangle area right now, few places offer more opportunities than Cray right now. With 32 single-family subdivisions featuring homes that are either under construction or just recently finished, there's truly something for just about every new construction buyer out there. But before diving into Cary's new construction market, break down your search and learn more about several of the area's most highly sought-after communities. 

Garden Ridge

Offering up an exceptional collection of new construction, luxury...

New housing data from The Durham Regional Association of REALTORS® and The Triangle Multiple Listing Service was recently released for September, which we summarized below.

In Durham County, new listings dropped by over 17 percent last month compared to September of 2017, continuing to tighten inventory in an already limited market for home buyers. With the overall inventory falling 10.5 percent, market supply is now at 1.7 months and far from what’s considered a healthy market. 

Not surprisingly, the median sales price in Durham County jumped 7.9 percent in September to $245,000, while contract sales dropped 5.2 percent to 380. ...

Job growth, population growth, and commercial and residential development have all been trending upwards in recent months throughout the Triangle Area, but one city in particular seems to be expanding faster than ever.

According to a recent report from The News & Observer, only 18 percent of land within the Cary city limits remains available for new development, and the areas just west of State Road 55 and north of Green Level West Road represent the only opportunities for another major development to be added.

Right now, Cary has 60 projects in various stages of the development or construction process,...

There’s no doubt it’s been a strong year for the Triangle real estate market, which is a claim that was just recently backed up by the release of realtor.com's Hottest ZIP Codes in America list for 2018. 

Each year, the company analyzes 32,000 ZIP codes throughout the U.S., taking a closer look at how long it takes before properties are sold, how frequently homes are viewed on the website, and also a variety of demographical statistics like housing affordability, employment rate, and median household incomes. 

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