Archives: April 2013

Housing Starts Top 1 Million In March

  New numbers show that in March, U.S. home builders broke ground on new homes at a seasonally adjusted rate of 1.04 million, which is the fastest rate since June 2008. Builders increased their construction pace by 7% in March, up from February. Steady job growth, low mortgage rates, and rising home values have been […]

Mortgage Rates Fall

The average rate on a 30-year fixed mortgage continues to sink towards record lows. The rate fell to 3.4% this week, down from 3.41% for the prior week, according to the Freddie Mac weekly survey. Furthermore, the rate on a 15-year fixed-rate mortgage reached a record low of 2.61%. These low rates continue to have […]

Downtown Raleigh’s Condo Market Heats Up

Further evidence that demand in the housing market is rising and inventories are falling: as the market stands, the downtown Raleigh condo market only has a four-month supply of inventory! According to local analyst Hillary Stokes, the market demand is likely to exceed supply in 2013. There were 105 condo sales recorded in downtown Raleigh […]

Triangle Housing Starts Surge In March

Building permits in Wake County surged by 70% in March compared to the same month last year. Permits for the first three months of 2013 were up 51%, with over 1,400 permits for new residential units issued, with an average permit value of $214,000. According to the Home Builders’ Association of Raleigh-Wake County, the market […]

Set The Stage

Most sellers understand that presenting the very best version of their home is important to getting it sold, but are hesitant to invest money into the process. There are actually many cost-effective ways to revamp and stage your home to give it the boost it needs. Here are some highlights from an excellent article on […]