Area News

Raleigh Poised To Have Top Housing Market in 2020

Raleigh Housing Market

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,...

Plans For Former Daniel Boone Village in Hillsborough County Unveiled

Hillsborough County Development

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...

Triangle Population Boom Pricing Some First-Time Home Byers Out of the Market

Affordable Housing Triangle Area

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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Sales For 106-Home Castleberry Community Set to Begin Next Month

Castleberry Community Apex

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, ...

Raleigh Among Best Places For Millennials to Live and Work

Millennials Living in Raleigh

Millennials may still be just starting their careers, but there are certainly some metro areas across the country that are more favorable places for the generation to work and live. Commercialcafe recently ranked metros with at least one million residents in relation to categories specific to the millennial worker.

Commercialcafe looked at millennial population growth, population share and did a cost-of-living comparison. It also looked at the millennial unemployment rate, the average commute time, plus the share of millennials with a bachelor’s degree and employer-based health insurance. 

Raleigh, in particular, did well in terms of its...

2 Major Residential Developments Reportedly in the Works For Garner

Garner NC Residential Developments

In case you missed it, the town of Garner is reportedly reviewing initial plans for a large residential development that would encompass 325 acres near where Highway 70 and Interstate 40 intersect. 

The plan was submitted by Miami-based Lennar and if developed would include a whopping 641 single-family homes and 180 townhouses. 

A plat map can be viewed on the News & Observer website, which appears to have the development broken down into 5 phases. 

As of now, the new 800-home community is being called Edge of Auburn but additional details and information aren’t...

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. 

The...

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...