How to spot future demand for housing?

Look for articles like this one, “Renters see Prices Skyrocketing”. When I searched Raleigh, I discovered an apartment building fetching up to $1,714 for a 1 bedroom in rent. Wow, how much does rent really need to rise to convince someone to buy?

Forbes Magazine Gets It!

In the last 60 days, Forbes Magazine ranked Raleigh, NC: #1 for Families, #1 for Business, #2 Next Boom Town, #1 Fastest Growing City. I must say, those are strong categories to win…  View articles at http://tinyurl.com/3omzrro

Raleigh, NC tops the country in highest loan approval rate

Remember Aesop’s fable The Ant and the Grasshopper? Call Raleigh homebuyers the modern day ant. Raleigh homebuyers were the most prepared for the current market and are top-ranked for the highest loan approval rate. So who is the grasshopper?

Read the full article at wsj online.

Home Repair Cost Guide

Researching the cost of a new roof, HVAC, windows, kitchen, hardwood floors, etc? I recommend Pillar to Post’s Home Repair Guide. Two thumbs up!  http://tinyurl.com/6ay2oac

What does the U.S. Open & a New Mansion have in Common?

The 2011 U.S. Open starts today. What is the 6 ft. put on 72nd hole really worth? Judging from Graeme McDowell (2010 US Open Winner), apparently a new mansion. Video of Graeme’s new home

Quail Hollow Listing- 4929 Brookhurst Place

Sold on 9/12/2011

Sq. Ft: 2,419   Bedrooms: 4   Bathrooms:  2.5
A wonderful 4 bedroom ranch style home located in popular Quail Hollow w/ a 2 car side garage. Home has been exceptionally maintained & sits on a 1/2 acre lot. Notable features: spacious family room w/ fireplace & cathedral ceiling, updated kitchen w/ granite counters & double oven, fenced in backyard w/ beautiful stone flower beds. Short walk to Quail Hollow Swim & Tennis Club.

To view price, square footage, room dimensions and more, go to: 4929 Brookhurst Place.

To view virtual tour, click: 4929 Brookhurst Tour.

22 year old buys a $150,000,000 home

It is a darn shame that 22 year old Petra Ecclestone missed the $8,000 first time home buyer tax credit.  Oh well, sometimes you just can’t time a good deal.  Now Petra, remember to set up your utilities a couple of days before closing, trash pick up is on Friday and service your HVAC once a year.

To read full article at wsj.com.

Quail Hollow Newsletter- February-May 2011 is Out!

This edition of the Quail Hollow Newsletter provides all of the sales information for the homes that have sold in the Quail Hollow neighborhood from February to May in 2011.  To View the newsletter click on the image.

New Quail Hollow Listing- 804 Compton Road

Sold on 7/15/2011

This wonderful 4 bedroom, 3 bath home sits on .5 acre and provides all the conveniences of a walkable community. The sellers have meticulously cared for home & updated look & feel – most recently was a new kitchen. Open flooplan w/ eat-in kitchen that overlooks large family room. Fully landscaped yard w/ patio & deck. Schools, park w/ pond, North Hills Mall are all right there!

To view price, square footage, room dimensions and more, go to: 804 Compton Road.

To view virtual tour, click: 804 Compton Tour.

Raleigh, NC- Real Estate Update for April 2011

The April home sales report for Raleigh, NC and the rest of the Triangle was just released and we saw a 13% decline year over year in home sales.  You may think, how can economists say that the real estate market is improving when the market experienced a double digit drop in sales?  Quite simple, last April the $8,000 tax credit that the government provided to first time homebuyers was in it final days.  Therefore, we saw a spike in purchases amongst first time homebuyers trying to take advantage of the tax credit before it expired April 30th, 2010. 

To hear the April home sales update for 2011, watch the interview with Stacey Anfindeson, a real estate analyst for the Triangle MLS:

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