Apex, NC # 9 on list of Best Small Towns in which to Live by Money Magazine

Money Magazine is pointing out something those of us who live in Wake County have known for a long time that the town of Apex is one of the best small towns in Wake County in which to be living.  With a population of 20,000, it ranked #9 on Money Magazine’s list. The historic, quaint downtown is the center of shopping, a jazz festival and many other family oriented activities. The 400 acres of park and recreation facilities are also a major draw for settling your family in the Apex area.

The median family income is $93,000 and the average priced home is $225,000. Projected growth is expected to almost double in the next 2 years, especially now that our secret is out. Check out the web site www.Apexchamber.com.

Even if you are not in the market for a home it is fun to visit all the new construction homes on preview for the Parade of Homes.

Even if you are not in the market for a home it is fun to visit all the new construction homes on preview for the Parade of Homes.  Homes will be open September 29-30, October 5-7 and 12-14 from noon to 5 pm. Raleigh-Wake County Home Builder’s Association has books available with all the homes listed with the addresses. Home prices range from $157, 700 to $2.5 million. The homes are beautifully furnished so you can get some excellent decorating ideas when viewing the homes, as well as, seeing the latest in new home construction materials, styles and technology.

The Orange, Durham and Chatham County HBA is also holding a Parade of Homes. Tour books are available at most Harris Teeters in Orange and Durham Counties.

Many of the homes are “For Sale” but many are already under contract and are open for viewing.  Parade of Home guide books are usually available in each of the homes you visit. However, you will need to get there early or they may be gone.

The Triangle wide Parade of Homes for those interested in building a home or for those who want to fantasize about their “dream” home, can be a wonderful time of weekend entertainment. There are approximately 250 homes on the Parade built by 90 of the builders who build in the Triangle. Enjoy this self guided tour of some of the loveliest homes you will see in this area.

Sales of previously occupied homes rose 7.8% in August from July said a spokes person for the National Association of Realtors.

Reports Show U.S. Housing Market Improving

Sales of previously occupied homes rose 7.8% in August from July said a spokes person for the National Association of Realtors. That is the highest level since May 2010, when sales were aided by a federal home-buying tax credit. New home sales are up, as well, and builder confidence has reached its highest level in more than 6 years.

These 2 reports indicate recovery efforts gain momentum after years of no change. Sales and construction rates are still below healthy levels but the improvement has been steady. As the home market improves this tends to affect the broader economy as many sectors are impacted by housing market.

The Triangle Multiple Listing Service reports that Triangle home sales have increased over last year at this time by 22%. The Triangle region includes homes sold in Wake, Durham, Orange and Johnston Counties. In August of 2011, TMLS recorded 1978 homes sold and in August of 2012, TMLS recorded 2406 homes sold. During this same time, the average home price has increased by 3% from $226,460 to $234,039.

The Triangle is also showing strong retail gains, as well as, strong economic growth.  Durham was ranked #12 and Raleigh was ranked #32 by American City Journals index report as having one of the strongest economies in the nation.

What does this information mean to you, the buyer? It is a strong indication that the housing market in the Triangle may have bottomed out and home prices may be on the rise.  If you have been waiting for the market to hit bottom, it may have already. If you have been sitting on the fence about making a decision to purchase a home, now may be the time to make your move or you may miss the boat.

If you think you might be ready to begin the home buying process, give us a call at 919-878-1110 for a free, private consultation about how FOR HomeBUYERS, Inc. and Exclusive Buyer Only Representation can guide you around the pitfalls and help avoid costly home buying mistakes. Contact Us.