Inside the Beltline

Glenwood South Monthly Market

Nam — Tue, 14 May 2013 15:14:51 +0000

In coordination with the Glenwood South Merchant’s Association, Legacy Event Planners is now holding a monthly market held every third Saturday. The markets will feature 40 vendors set up along North Street. Come visit Glenwood South the last Saturday of each month to enjoy the local and regional vendor market.

For more information on the monthly Saturday market, contact Kat Brown at Kat.Michael@legacyventplanners.org or 919.244.3067.

New Downtown Raleigh Shops & Restaurants

Nam — Tue, 07 May 2013 18:10:32 +0000

According the Downtown Raleigh Alliance, nine new shops and restaurants have opened up during the first quarter. Four more are slated to open in the coming weeks.

A few of the businesses that opened last quarter are Coglin’s Raleigh, Bad Daddy’s Burger Bar, Dos Taquitos Xoco, Fiction Kitchen and Fifteen. Slated for completion this quarter are the NC State Bar building, State Employees Credit Union tower and the Wake County Justice Center.

via Triangle Business Journal

Go Holly Springs Happy Hour Hoedown!

Nam — Tue, 30 Apr 2013 19:43:59 +0000

Have you ever been to a hoedown? Well here’s your chance because it’s going down at Go Holly Springs this Friday. Go Realty is hosting another epic Happy Hour from 4:00 – 7:00 pm at their Holly Springs location. As always there will be plenty of food, refreshments and fun people to chat and network with. Hope to see you there!

Wake County Building Permits Increase

Nam — Thu, 25 Apr 2013 15:40:08 +0000

March building permits jumped 70% over the same month last year. This is a huge increase. Permits for the first three months of the year were up 51%. Since 2011, the market has seen an 83% increase. The average permit value was $214,000.

For more on this topic, visit the Triangle Business Journal.

5 Tips Buyers Would Give Sellers if they Could

Nam — Tue, 23 Apr 2013 20:32:47 +0000

For the vast majority of home sales, buyer and seller never actually connect in person or have a chance to talk and exchange insights or information before meeting at the closing table. Here are a few tips that many buyers would like to give sellers if they had a chance:

1. You should see what your home looks like online.

2. If your home is seriously overpriced, I’ll wait for the price to come down before I even come see it. .

3. There are a whole lot of fish in the sea – I only have to find one.

4. If I nitpick your house, that probably means I like it.

5. When it comes to staging, the bar is set really high.

For details on the aforementioned tips from buyers to sellers, visit Trulia.com.

Raleigh the Next Biggest Boom Town In The U.S.?

Nam — Thu, 18 Apr 2013 17:04:32 +0000

According to Forbes, Raleigh ranks second as the next biggest boom town in the U.S. Raleigh has experienced the second-highest overall population increase and the third-highest job growth over the past two decades in the U.S. It also ranked first for families with young children. Raleigh has also seen a big jump in new immigrants. This could be due to the plethora of technology companies that have come to the Triangle to escape the more expensive and congested northeast states. Short commute times and affordable housing is a factor as well.

Top 10 Real Estate Tax Deductions for Homeowners

Nam — Fri, 12 Apr 2013 20:01:32 +0000

1. Mortgage Interest Deduction

2. Home Improvement Loan Interest Deduction

3. Private Mortgage Insurance (PMI) Deduction

4. Mortgage Points/Origination Deduction

5. Energy Efficiency Upgrades/Repairs Deduction

6. Profit on Sale of Real Estate Deduction

7. Real Estate Selling Cost Deduction

8. Home Office Deduction

9. Property Tax Deduction

10. Loan Forgiveness Deduction

For more details on Real Estate Tax Deductions for Homeowners, visit realtor.com.

More of a seller’s market for Triangle homes

Nam — Mon, 08 Apr 2013 19:29:46 +0000

Selling a home in the Triangle is taking less time than in recent years. This is good news for homeowners looking to move but can be frustrating for potential buyers.

The average area home is now on the market for 109 days, which is down 11 percent from this time last year and inventory of homes for sale is at its lowest point in over a decade. This has caused more competition for buyers and many sellers are receiving multiple offers on their home.

If you’re thinking of selling your home, now would be a great time to do it. For those of you currently looking to buy a home, be ready to act fast. Homes are going under contract quicker than ever.

via WRAL.com

In the Market for a Luxury Home?

Nam — Mon, 25 Mar 2013 17:16:57 +0000

The luxury market continued its slow and steady healing process during 2012. The combination of decreasing inventory and higher closed sales lowered the months of supply down to 8, which is a 3 month improvement compared to a year ago.

Compared to a year ago, overall luxury inventory decreased by 14%. New home luxury listings decreased by 2%. The average days on market decreased to 190 from 207.

Here is a break down of Housing Supply by Price Bracket:

The months of housing supply indicated a vastly oversupplied market with the majority of activity will occur between $500,000 – 599,999. The luxury market continued its slow and steady healing process during 2012. That shouldn’t change too much for 2013.

via Triangle Area Residential Realty

Raleigh Ranked Fastest Growing City

Nam — Wed, 20 Mar 2013 14:38:21 +0000

According to the Census population figures for 2000 to 2012 for the 52 metropolitan statistical areas in the U.S. that exceed 1 million residents Raleigh, NC was ranked as the fastest growing city.

via Forbes