Raleigh Real Estate Market News and Information Blog

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Real Estate Agent - Northside Realty
Real estate market news and information for the Raleigh, Durham, and Wake County North Carolina areas (including Cary, Chapel Hill, Morrisville, Apex, Holly Springs, Fuquay Varina, Garner, Clayton, Knightdale, Wendell, Rolesville, Wake Forest, and Zebulon).
RECENT BLOG POSTS
I read this in the LA Times and have been attempting to find the original study but here is the link:LA Time Story A short synopsis: "Research using a massive sample of 24 million individual credit files has found that homeowners with high scores when they apply for a loan are 50% more likely to ...
09/28/2009
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. The following questions and answers provide basic information about the tax cr...
05/20/2009
The home building industry new website, BuilderOnline http://www.builderonline.com, has ranked Raleigh as the 6th healthiest housing market in the United States.According the article, "Another state capital with multiple universities, Raleigh was still adding jobs at a 2.6 percent rate last year....
04/06/2009
Here is an overview of the HUD Foreclosure buying process as well as some helpful tips for success. What is a HUD Home? A HUD home is a home or vacant land that was purchased with an FHA loan (government insured).  When the homeowner defaulted on their mortgage, the FHA paid off the mortgage lend...
03/01/2009
The Rurual Economic Development Fund is what it use to be called, now it's just a part of the USDA, and the goal is to provide mortgages, and incentives for the purchae of homes in less "densly" populated areas.  Although 100% financing with conventional mortgages is out and FHA with down payment...
01/13/2009
As foreclosure rates hit record levels and property values have decreased in many areas, more sellers are turning to short sales as a way to avoid foreclosure. So, what is a short sale and how does it work? In a short sale, the seller arranges with their mortgage lender to accept a price that's l...
12/19/2008
How does limited service representation affect a property's time on the market and selling price? Research sponsored by the Texas Real Estate Center revealed that limited service representation can indeed have significant impacts. Limited service representation and discount brokerages in single-f...
12/05/2008
Charm pricing is very prevalent in our society. A product is advertised at $9.99 rather than $10 or $97.50 rather Charm Pricing and Real Estatethan $100. When sellers back off the rounded number by a few cents or few dollars to make something look less expensive, it's referred to as "charm" prici...
12/05/2008
Moving expenses related to a change in employment present excellent tax-savings opportunities. However, three types of tests need to be met to take advantage of moving related expense deductions: a couple of distance tests, a "time to start work" test, and a "weeks worked test". And, of course, i...
11/19/2008
I was recently asked by a buyer, "I have heard that a realtor fee is built into the cost of the home purchase. Can you tell me what the Realtor actually does for the buyer in this situation?" Buyer Agent Benefits Why use a buyer's agent for a new home? Because the builder's agent's job is to get ...
11/13/2008
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William Sexton

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Real estate market news and information for the Raleigh, Durham, and Wake County North Carolina areas (including Cary, Chapel Hill, Morrisville, Apex, Holly Springs, Fuquay Varina, Garner, Clayton, Knightdale, Wendell, Rolesville, Wake Forest, and Zebulon).