estate: Year-to-Date Market Update 2007 vs. 2008 - 08/29/08 12:01 PM
Year-to-date, the market in Chapel Hill, and Orange, Durham and Chatham Counties is down between 22-25% in total sales. There also is a 6 month supply of inventory on the market across the board, except in Chatham County where there is 10 months of inventory.. In Chapel Hill, the single family market … (2 comments)
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estate: New Tax Credit for First Time Home Buyers - 08/27/08 04:37 PM
Last week, the President signed historic legislation to spur growth in the housing sector. An important part of legislation is a tax credit for first time home buyers. Under the new law, beginning April 9, 2008 (yes this is retroactive!), first time home buyers to get up to a $7,500 tax … (4 comments)
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estate: Answering the Tough Questions - 08/25/08 04:41 PM
Today a prospective homeowner turns on the T.V. or picks up a newspaper and hears little about the housing market but doom and destruction. Foreclosures, mortgage-loan related bank failures, slow housing starts, and poor home sales dominate the news. Tougher credit requirements are now the norm as a remedy to further … (0 comments)
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estate: Eco-Friendly Siding Options - 08/22/08 07:01 PM
Sustainable siding needs to contain eco-friendly ingredients as well as be a product that will stand the test of time. When considering the eco-friendliness of a particular type of siding, make sure to account for any resins and adhesives that may have an off-gassing effect. Some popular green siding options include … (3 comments)
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estate: Oversupply of Luxury Housing - 08/22/08 06:46 PM
Residential housing priced at $500,000 and above is currently oversupplied, according to the Second Quarter 2008 Triangle Area Residential Realty Report published by S.M.A. Publications, Inc. The report uses data from www.realtor.com, Durham, Orange, Chatham and Wake County Revenue Departments to support their findings.
The 2005 market on the fringe of … (6 comments)
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estate: Thinking of Stucco? - 08/20/08 01:08 PM
In North Carolina, sellers are required to discole if a house's exterior is actually artificial stucco-EIFS Stucco-instead of concrete stucco. EIFS is basically a form of styrofoam placed on the outside of the house with a "stucco" look-alike finish on the surface. While a house with EIFS can absorb the inevitable … (0 comments)
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estate: Energy Efficient Windows - 08/15/08 04:53 PM
Energy efficient windows are available in many shapes, sizes, and styles-single pane, double pane, and triple pane, casement and double hung and more. There are energy efficient windows to meet any practical and aesthetic need. Energy conservation in the home is no longer limited to only the plain and functional.Not only … (0 comments)
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estate: Los Angeles Times Axes Real Estate Section - 08/14/08 05:23 PM
The following article was recently posted by Inman News.
Los Angeles Times axes real estate section
Expect continuing cuts in newspaper industry, says analyst
By Glenn Roberts Jr., Monday, August 4, 2008.
Inman News
The Los Angeles Times has ceased publication of its weekly real estate section -- born more than … (6 comments)
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estate: Home Wiring - 08/13/08 03:43 PM
It is important to consult a reputable home inspector to check the home wiring before purchasing a house. Knob and tube type wiring and aluminum wiring are common in older homes, and both are considered substandard today. In fact, many insurance companies will refuse to insure homes with these types of … (2 comments)
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estate: Short Sales - 08/07/08 05:52 PM
What is and is not a Short Sale?
A short sale is an arrangement between a homeowner and their lending institution to accept an offer on the home for less than the total amount owed on the property.
A bank-owned house, or foreclosure, is not a short sale. A seller deciding … (0 comments)
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estate: 2007 Triangle Real Estate Market Review - 01/16/08 12:07 PM
Our year-end home sales are in and the Triangle faired well in 2007. While certain real estate markets across the country have struggled, our market remained steady.
In Chapel Hill we had a 4% decline in sales but we also saw a 7% increase in average prices. Much of … (0 comments)
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estate: Incredible 4 Bedroom Home On .5 Acres In Carrboro, North Carolina! - 01/02/08 10:46 AM
Incredible chic renovations in this 4 bedroom home on a .5 acre lot walking distance to downtown Carrboro. Beautiful bamboo floors in the main living areas & Master Bedroom and hardwood floors in 3 other bedrooms. Fantastic lighting, decorative archways, smooth ceilings & skylights make the home light & inviting. … (0 comments)
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estate: Appealing Durham's Property Tax Valuation - 12/21/07 01:22 PM
If you own property in Durham you should have received the new tax value on your home from the County. Property tax values increased significantly across the board. The County stated that, on average, tax values were going to increase 30%. Although the tax values have increased substantially, the effect on your 2008 … (0 comments)
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estate: North Carolina Ranked First by Site Selection Magazine - 12/21/07 01:20 PM
North Carolina did it again! For the third consecutive year, Site Selection Magazine has ranked North Carolina as the state with the “Top Business Climate." North Carolina has actually achieved this status six times in the last seven years. States are ranked based on two equally weighted factors: 1) a survey of corporate site … (0 comments)
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estate: Two Green Building Projects in Chapel Hill - 12/21/07 01:17 PM
Chapel Hill has one green building project underway and another significant project at the proposed stage. Greenbridge is centrally located in downtown Chapel Hill not far from the entrance to Carrboro. This part of town is referred to as, “The West End.” The other project, referred to as “The Zero Carbon Project, if … (0 comments)
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estate: Majestic 9+ Acre Horse Property in Orange County, North Carolina - 12/21/07 01:16 PM
Welcome to Avalon Farm, a majestic 9+ acre horse property. Walk the property and see lovely views, streams and see and hear the peaceful sites and sounds of fox, owls, deer and many different birds. Enjoy the six acre pasture with three board fencing; the four stall barn with feed … (2 comments)
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