If you want to read the full report, check out the article on WSJ.
Downtown is gearing up for big city living…The proposed “Union Station” is one step closer to being a reality and it appears the hub will be located on Martin Street. Next stop…NC DOT for their approval.
A vacant warehouse located in downtown Raleigh, currently known as the Dillon Viaduct Building, will be retrofitted for the train component of the new “hub”. The comprehensive plan is for the site to operate multiple transportation modes, such as the Capital Area Transit bus service; Triangle Transit’s regional bus service; long-distance bus service (Greyhound); Amtrak rail service; and future local and regional rail transit, including high-speed rail services.
To learn more, check out the Triangle Business Journal article.
Is your little love bug attending kindergarten in the coming years? Or, is your family relocating to Wake County? Check out these links to learn about the new guidelines and find out your school choices.
If you want to the fact sheet for the new assignment plan, click here.
If you want to find out which schools you will be able to choose from, click here.
The superintendent of Wake County Schools will be presenting the new plan to the Realtors in the area on December 16th, 2011. From the looks of the new plan, Realtors will no longer be able to market homes based on school districts.
Just read about a real estate developer who bought a farm for 40.8 million in 2005. Developer went bankrupt and a farmer just bought the land back for 8 million in September. Don’t let the overalls fool ya…
What does this mean for real estate? Simply put, it means that people don’t want to live out in the middle of nowhere and commute to work. But, it goes far beyond that. Think about the price of gas. How about the fact that the 0% down payment, 3 year ARM loans for buyers with 500 credit score are no longer available. I could go on and on. Most importantly, we are seeing a major demographic shift. The idea of living closer to the city has come back in the mainstream.
What does that mean for prices for homes in the suburbs? The signs are already here. The largest concentration of foreclosures are located in the suburban neighborhoods.
This is a good article from the wsj about the new demand for farmland.
I have a 4.5% interest rate and I was considering refinancing again to get a 4% rate. Turns out, bad move. If you have similar thoughts, I recommend checking out this calculator. Visit it at http://zwicke.nber.org/refinance/.