Triangle NC Real Estate has 2 of the Healthiest Markets in U.S., report says

Durham and Raleigh of the Triangle NC Real Estate Market ranked 14 and 15 as healthiest housing markets in the U.S.

Durham barely inched out Raleigh in a new study of the healthiest housing markets in the U.S. – both cities placed in the top 15.

The study, done by SmartAsset, measures each housing market by its stability, risk, fluidity (ease of sale) and affordability. Based on those primary factors, Durham was assigned a healthiest markets index score of 82.71, ranking No. 14 nationally, and Raleigh came in a shade under that at 81.21, taking the No. 15 spot.

Both cities performed among the top in the country in several metrics, including the average percentage of homes with negative equity in which both had less than 10 percent and the percentage of homes decreasing in value, both coming in around the 5 percent mark.

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Nationwide, it was Texas that took the top two spots: Plano was No. 1 with a healthiest markets index score of 100, followed by Arlington, with 95.21.

Rounding out the top five were Grand Rapids, Michigan, with a score of 93.84; Pittsburgh (89.36) and Fremont, California (89.04).

 

in Durham, North Carolina / Market Updates / Raleigh / Triangle NC 0 comments

Raleigh-Durham is No. 4 ‘Best Places to Live’

The Raleigh-Durham area is No. 4 on U.S. News’ 2016 “Best Places to Live.”

Rankings of the 100 most populous U.S. cities, released Wednesday, are based on five factors: job market, value, quality of life, desirability and net migration. Data was derived from the U.S. Census Bureau, the FBI, the Bureau of Labor Statistics, previous U.S. News rankings on best schools and best hospitals, and a public survey of “thousands” of individuals across the U.S.

The Raleigh-Durham area is No. 4 on U.S. News’ 2016 “Best Places to Live.”

Raleigh-Durham’s highest scores are in desirability and net migration.

About two-thirds of the U.S. population resides in one of the metro areas on the list. The top five “best places” are Denver; Austin, Texas; Fayetteville, Arkansas; Raleigh; and Colorado Springs, Colorado.

Rebecca Troyer manages the day-to-day process of delivering the daily digital content and the weekly print edition. Troyer also handles inquiries on news coverage and newspaper deadlines. triangle/bio/17801/Rebecca+TroyerRebecca Troyer Managing EditorTriangle Business Journal.

If you are considering a relocation to the Raleigh-Durham-Triangle area of North Carolina, consider using an Exclusive Buyers Agent. One who will have only your interests, needs and desires in mind. Exclusive Buyer Only Agents never take listings or work for a listing company, therefore, no conflict of interest can occur. FOR HomeBUYERS has represented Home Buyers exclusively since 1991 and pioneered Exclusive Buyer Representation in Wake County.
To contact us call or text 919-219-9878 today for a no obligation private consultation about our services.
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Wake County, NC is No. 8 for Millennial Home Buyers

Report: Wake County among top 10 national markets for prospective Millennial homebuyers

Wake County is one of the top 10 markets where Millennials are most likely to purchase homes in the next six months, according to a new report by real estate and financial research firm CoreLogic.

It is no surprise that Wake County, NC is No.8 for Millennial home buyers. Wake County includes some of the most desirable neighborhoods in NC: Raleigh, Cary, Apex, Morrisville, Wake Forest in North Carolina. All of these towns are conveniently located near Research Triangle Park which is an area for jobs, especially in the high tech fields.

“Markets that have a lower unemployment rate, lower foreclosures/delinquency rates and a higher year-over-year GDP increase are the most attractive to this younger demographic,” writes CoreLogic.

The report notes a shift from where Millennials are currently buying, “from cheaper areas that border the improving counties to the heart of the improving counties in which the housing market is more expensive.”

The top 10 markets for Millennials in the next six months:

  1. Douglas County, Colorado
  2. Prince William County, Virginia
  3. Fairfax County, Virginia
  4. Loudoun County, Virginia
  5. Hamilton County, Indiana
  6. Forsyth County, Georgia
  7. Placer County, California
  8. Wake County, North Carolina
  9. Boulder County, Colorado
  10. Williamson County, Tennessee

Rebecca Troyer manages the day-to-day process of delivering the daily digital content and the weekly print edition for the Triangle Business Journal.

If you are considering a relocation to the Raleigh-Triangle area of North Carolina, consider using an Exclusive Buyers Agent. One who will have only your interests, needs and desires in mind. Exclusive Buyer Only agents never take listings or work for a listing company, therefore, no conflict of interest can occur. FOR HomeBUYERS has represented Home Buyers exclusively since 1991 and pioneered Exclusive Buyer Representation in Wake County. To contact us call or text 919-219-9878 today for a no obligation private consultation about our services.
in Raleigh / Triangle Accolades / Triangle NC 0 comments

Hottest Neighborhoods with Homes for Sale in Raleigh & Cary

That these three neighborhoods have been chosen as the hottest neighborhoods comes as no surprise to FOR HomeBUYERS, an exclusive Buyer Only Agency. We have shown and helped many Buyers purchase homes in these communities. The locations, the amenities, the schools and much more are very appealing to families and singles alike. For more detailed information or to preview homes for s in any of these neighborhoods contact us at 919-219-9878.

Cary Park, Umstead and Stonehenge are the hottest neighborhoods in the Raleigh-Cary market, according to real estate data and brokerage company Redfin.

Redfin’s predictions of the three hottest residential areas in each of the largest U.S. metros are based purely on the number of clicks and marked “favorites” by interested visitors to its website.

In Cary Park, located in the 27519 ZIP code in west Cary, the median sale price is $245,000, the median number of days on the market is 21 and the average percentage of sale-to-list price is 98.1 percent.

In Umstead, located in the Brier Creek area of west Raleigh, primarily in the 27617 ZIP code, the median sale price is $243,400, the median number of days on the market is 19 and the average percentage of sale-to-list price is 98.7 percent.

In Stonehenge, located in the 27613 ZIP code off Creedmoor Road in north Raleigh, the median sale price is $293,500, the median number of days on the market is 13 and the average percentage of sale-to-list price is 98.6 percent.

Rebecca Troyer manages the day-to-day process of delivering the daily digital content and the weekly print edition for Triangle Business Journal. Troyer also handles inquiries on news coverage and newspaper deadlines.

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in Buying a Home / Cary / Raleigh 0 comments