According to a new report from the Labor Department, jobless claims have fallen to their lowest levels in five years, signaling fewer layoffs. The report marks the lowest levels of first-time claims for unemployment benefits since January 2008. Analysts consider these reports good indicators of layoff activity and the general U.S. job market, and the […]

Via WRAL The unemployment rate for March dropped in 99 of North Carolina’s 100 counties. The unemployment rate was down in the Triangle, falling from 7.5% in February to 7.1% in March, while Wake County’s rate fell to 6.9%. Orange County logged the state’s lowest unemployment rate in March at 5.6%. To read more visit […]

Another day, another ranking! The Triangle continues to top lists of accolades, with the Raleigh-Cary metro area now being named the number 3 “American Boomtown” by Bloomberg. To identify the top “Boomtowns”, Bloomberg used U.S. Census data to determine areas having over 1 million residents with the greatest population growth and then assessed scores based […]

  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 […]

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 […]

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 […]