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
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08/29/2008
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 credit
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08/27/2008
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
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08/25/2008
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 s
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08/22/2008
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
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08/22/2008
In North Carolina, sellers are required to disclose 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
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08/20/2008
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 pl
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08/15/2008
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 --
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08/14/2008
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 t
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08/13/2008
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 to lower their price a
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08/07/2008
