Area News

Townes At Westford Already Under Construction in Apex

Arizona-based Taylor Morrison is planning a new, 55-acre residential development in Apex that is expected include nearly 300 two and three-story townhouses residences. 

According to reports, the building site will be wedged in between Highway 64 and Jenks Road, providing future residents with easy and quick access into downtown Apex and other Triangle area communities. 

A recent feature in the News & Observer mentions Taylor Morrison already plans to have the first homes finished by April of next year and the company expects to finish the entire project within the next four years, and that’s also including 26 detached single-family homes to go along with the 289 townhouses. ...

North Carolina's Safest Cities Ranked (According to SafeWise)

Prospective home buyers have a lot to consider when it comes to finding the right place live. Quality school, proximity to where you work, and having enough living space are just a few that come to mind; but the list hardly stops there. 

Another factor you’ll probably want to pay close attention to is safety, which according to most home data and analytics statistics is one of the primary characteristics today’s home buyers consider most. So, with safety being such a critical component to most buyers’ home search, just where should you start looking in the Triangle? According to home security review website SafeWise, here’s which North Carolina cities are considered the safest in 2019….

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Early Summer Update on the Triangle Housing Market

Triangle Area Housing Market Update: Summer 2019

In case you missed it, the Triangle’s housing market has remained pretty solid in 2019 and especially as we dive deeper into the summer season. 

Aided by low interest rates and continued demand from the area’s healthy economy, closed sales throughout the Triangle during the month of May jumped a substantial 5.7 percent compared to the same month last year. 

What’s even more encouraging is that home sales increased even despite a 5.5 percent jump in the median...

A Closer Look at Durham's New Cresset Overlook Community

News about a new Stanley Martin single-family home development first started to break back in February of last year. Now, roughly, 16 months later, listings for the community have officially hit the MLS and available for buyers to scoop up. So far, here’s what we know about what’s now being called Cresset Overlook…

  • The homes in Cresset Overlook have a traditional design and will be spread out across quite, tree-lined streets. 
  • The Cresset Overlook community will be just minutes from the Durham Performing Arts Center, Brightleaf Square, and downtown Durham.
  • Stanley Martin will offer seven individual home designs with multiple options/upgrades within the community. 
  • The community will include a pond and...

Raleigh Named Top Home-Flipping City in the Country

Home Flipping Raleigh

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 those sales to the same time period...

Triangle Market Report: September 2018

Triangle Housing Market Update

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. 

For the...

Cary's Growth Leaving Little Room For More New Development

Cary NC New Construction

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, including ...

Durham-Raleigh Home Price Gains Outpace Raleigh in June

Home prices in Durham-Chapel Hill are reportedly still on the rise and ahead of the pace seen in nearby Raleigh, according to recently released data from CoreLogic. The increase represents a 6.5 percent spike compared to Raleigh’s most recent jump in home prices of just 5.1 percent.

Despite the upward trend, both areas are still below the national average of a 6.8 percent increase year-over-year in June. Not surprisingly, CoreLogic is attributing sharp home price increases across the country to an inventory that remains tight heading into the busy fall season.

Among some of the cities that have seen the most dramatic increases are Austin and Denver, which are seemingly still in the hunt for...

Inventory For Lower Priced Homes in the Triangle is Incredibly Tight Right Now

Durham Housing Market

According to a new report that was recently highlighted by the Triangle Business Journal, the Triangle is hovering around a 1.9 months supply of housing, making it among the markets  with the tightest inventory right now. 

Seattle and San Francisco top that list with 1.5 and 1.2 months of inventory respectively. 

Demand for lower priced homes seems to be the strongest, not only in the Triangle but across the country as well. The problem, however, is that homes in the lower-tier price ranges simply aren’t available. 

A ...