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Mortgage Rates Continue To Fall - 07/31/10 09:26 AM
July has proven to be a good month for those looking to purchase a home or refinance an existing home loan in the Triangle area. Long-term mortgage rates dropped again this past week to the lowest levels ever recorded. The week ending July 22nd, 2010 showed a decrease in thirty-year fixed-rate mortgages from 4.57 percent to 4.56 percent. Mortgage rates this low have not been seen since 1971. For those not interested in a thirty-year fixed-mortgage, but would rather tackle a 15-year fixed-mortgage, an interest rate of 4.03 percent was the going rate, which has not been seen since 1991.The down (0 comments)
A Not so Great Honor for North Carolina - 07/28/10 10:19 PM
North Carolina and the Triangle area have been noticed a lot in the media recently for being top in the nation among many things, but the recent attention that North Carolina is receiving is not the best news. A new study just released by Trust for America's Health and the Robert Wood Johnson Foundation has ranked North Carolina 10th in the nation for obesity. A total of 29.4% of adults living in North Carolina are considered obese, and this number is up a whole percentage point from last year's study. Last year North Carolina was the 12th most obese state with (0 comments)
Data Centers To Eventually Bring More Jobs To North Carolina - 07/27/10 12:02 AM
In this downturn economy, it is reassuring that so many companies both large and small are looking to call the Triangle area and North Carolina home. Software company Microsoft is in the market to build a large data storage center facility, and is considering an industrial park site in Alamance County. Pending legislation in North Carolina's General Assembly could help businesses benefit from a new economic incentive if the legislation passes. Microsoft is not alone in considering the move to North Carolina to take advantage of this new legislation should it pass. Fidelity Investments is also looking to gain the advantage. (2 comments)
Stimulus Money To Be Used In Construction Work This Summer - 07/21/10 09:51 PM
The Economic Stimulus Bill will finally put stimulus money to work this summer in the Triangle area and across the nation. President Obama recently visited Columbus, Ohio to promote what the Administration is calling "Recovery Summer," and to visit the 10,000th road project funded by the Economic Stimulus Bill. The stimulus dollars for construction are improving communities and putting thousands of construction crews to work.It is estimated that the stimulus spending will increase this summer, and recently the Obama Administration published a report highlighting a few projects that are in the works. Six times as many highway projects will be under (2 comments)
Home Sales Decrease As Tax Credit Ends - 07/18/10 11:02 PM
When the home buyers tax credit came to an end in April, so did the large amount of home sales it seems, with the Triangle area also being impacted. Many experts had predicted that there would be a decline in home sales, but did not predict that it would be as big a drop as it has been.The National Association of Realtors (NAR) reported that pending home sales fell a drastic 30% in May. Mike Larson, a real estate analyst for Weiss Research sales say, "Sales fell off a cliff after the tax credit expired. It's the biggest monthly decline ever (3 comments)
Wake County Boasts Housing Growth - 07/14/10 10:35 PM
In June the U.S. Census Bureau released data showing that Wake County ranked number 28th for housing growth. Between July 1, 2008 and July 1, 2009, Wake County housing grew by 2.3 %. The housing growth that Wake County has experienced placed it among the top 100 fastest growing communities in the United States. The housing estimates on growth are not related to the 2010 Census Bureau that is currently being conducted.Wake County was the only county in the Triangle region to be included in the fastest growing housing growth in the area. Data showed that housing units for Wake County (0 comments)
Raleigh- Durham International Airport To Take Shopping To The Next Level - 07/12/10 06:44 PM
Raleigh-Durham International Airport is well underway in redeveloping phase two of Terminal 2, and plans to open this phase in early 2011. With the revamping of Terminal 2, travelers will be able to shop in style, and have many options for fine dining. Travelers will have options such as relaxing with a glass of wine at the Vintage Carolina Wine Bar, or browsing for the latest trend in clothes at Brooks Brothers. The design of more than a dozen restaurants is nearing completion. Additional stores coming to Terminal 2: Starbucks PGA Tour Shop CNBC News Stand Kids were also taken into (0 comments)
Raleigh-Cary Home Prices Up From April 2009 - 07/07/10 09:02 PM
Home prices in North Carolina recently fell 0.7 percent, but that was not the case in the Raleigh-Cary area. The recent home buyer's tax credit did wonders to help sell homes in the area, and the numbers prove it. Home prices in Raleigh-Cary increased by 1.37 percent in April 2010 compared to April 2009, according to CoreLogic's Home price index. New data for May has also shown increased sales and prices for the Triangle area. Home prices across the country, including distressed properties, showed an overall increase of 2.6 percent in April. It is believed that increase in home prices in (0 comments)
More Jobs For North Carolina - 07/03/10 09:54 AM
At a time in our economy when we are hearing a great deal about layoffs and downsizing, it is refreshing to learn that more jobs will be coming to North Carolina. Clearwater Paper Corporation recently was made aware that they would receive up to $4 million in state incentives to help build a new 672,000 square foot manufacturing and distribution facility in Shelby. The facility will be built on 100 acres in the Cleveland County Industrial Park West on Washburn Switch Road. Clearwater Paper manufactures quality paperboard, consumer tissue and wood products. The corporation is based out of Spokane, WA but (3 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.