A big part of finding the right residential property is finding a place to fit your budget. Some local experts admit that rising rental costs can be a challenge.
Right now, apartment units in the Triangle have a vacancy rate under five percent. The scarcity of available units is just one part of the equation.
Recent population growth is certainly having an impact on the price of rental housing, and that’s been particularly true just over the past couple of years. Many of the new residents moving in have higher incomes,...
While the ongoing pandemic continues to grip most of the nation, the Triangle housing market is booming. New numbers show the seller’s market growing, with demand staying up even while inventory is lowering.
Recent reports show not only did the greater Triangle area return to pre-COVID levels, but actually surpassed them. Some of that is credited to historically low mortgage interest rates.
Real estate activity for the Triangle...
In case you haven't heard, multigenerational living is on the rise. So if you are looking for a new home with enoguh living space to accomodate not only your immediate family but also your in-laws or parents of your own? Below are just some of the top communities for searching homes with a guest or mother in-law suite...
Sheffield Manor
Sheffield Manor in Raleigh is a great location to search for multi-gen home. The area mostly features expansive homes allowing for more versatile living situations. There...
So it is cool to live with your parents afterall! Or at least that is what to a recent survey by John Burns Real Estate Consulting that confirms multigenerational households are a popular trend once again is suggesting.
The study indicates that as many as 41% of Americans buying a home today are taking in the consideration of accommodating an adult child or elderly parent. In the past few years this has become an increasingly popular trend in the housing market.
More and more Americans are ...
As home sales in many areas throughout the U.S. have begun to show signs of decline, the Triangle region in North Carolina appears to be managing the pandemic better than most markets in the country.
According to data collected by Zillow, newly pending sales are up 8.6% from last month, continuing a trend that started back in early spring. Overall, the Triangle area continues to show an exceptional ability to maintain activity in very tough economic condition, and while the strong numbers may be surprising to some, the recent uptick in activity points to the general strength of the area and large volume of interested buyers prior to the outbreak.
The Raleigh...
In case you’re wondering how the Triangle real estate market has fared over the last several weeks, you’re probably not alone. Whether you’re look to buy or perhaps looking to sell, navigating the housing market during a pandemic isn’t something any of us have had prior experience with until now.
But thanks to modern technology that allow us to work and show homes virtually, home sales throughout the Raleigh-Durham area have maintained quite well.
According to the latest numbers from the Triangle Multiple Listing Service, closed...
It's easy to see why Raleigh, NC is one of the top real estate markets right now. Obviously North Carolina's capital city is a key part of of the North Carolina Research Triangle, which is a major hub for high-tech and biotech research. But that's becoming more and more critical to real estate investors as the tech industry adds more high-paying jobs.
In addition to being home to high level technology and life science institutions, artists of all kinds...
The Hillsborough Town Board are in discussions with Criterion Development about a major development plan for the former Daniel Boone Village site, according to new reports.
Depending on public reaction and an eventual vote, the project could include plenty of new places to live, work, and shop at the development site near the corner of South Churton Street and Interstate 85 in the future.
During the most recent meeting, Criterion sought feedback from the board regarding the now vacant Daniel Boone Village, future plans for the site, and potential changes to the Collins Ridge development.
Included in the proposed plan for the Daniel Boone Village specfically...
Affordable housing within the Triangle area is becoming harder and harder to come by for some buyers looking to enter the market thanks to a dwindling inventory of homes and more people moving to the area. Since 2010, Wake County's population has seen an increase of 23% while Durham County's population has risen 18.5% within the same time period.
According to the N.C. Housing Coalition's, affordable housing is clasified as 30% or less of a the total household budget. Last year, the average price for a home in Wake County was listed at around $302K pricing many first-time buyers or families out of the area.
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Pennsylvania-based Toll Brothers is getting ready to launch sales for its newest Triangle area community called Castleberry, according to a recent report from the Triangle Business Journal.
Located just outside of Apex, Castleberry will be a smaller, 106-unit master-planned community and feature four collections of residences that are projected to start in the mid-$500,000.
As mentioned, ...
