larry pulley: Newlyweds Often Omitted From Homebuyer Tax Credits
- 12/18/09 05:25 AM
The one subset of people short changed in the first time homebuyer tax credit are newlyweds where one spouse currently owns a home. If the couple wants to purchase a new home jointly, either because they will reside in the area where the non homeowner lives, or will both be moving to another location, they're out of luck. Under the tax credit rules, neither spouse can have lived in the previous principal residence of the home owning spouse for a period of three years prior to purchasing a new principal residence. In a great majority of cases, this is not how couples unite, with one … (5 comments)
larry pulley: From Woodcroft to Chapel Hill and Back!
- 12/14/09 04:00 AM
The time tested real estate axiom is location, location, location. That's one of the great selling points for living in the Woodcroft and other nearby SW Durham neighborhoods. With easy access to major job centers at Research Triangle Park, Duke University and UNC-Chapel Hill, plus easily accessible shopping, banking and medical facilities, SW Durham is a popular place to be. Another nice feature of the Woodcroft community, for those who want to reduce their carbon footprint is public transportion. Triangle Transit (formerly Triangle Transit Authority or TTA) buses go right through the center of Woodcroft down Woodcroft Parkway. Triangle Transit buses connect the Triangle area with routes … (0 comments)
The neighborhood with the most home sales in Durham in 2009 YTD is Hope Valley Farms, located between Hope Valley Road and Fayetteville Road in SW Durham. Year to date through October 2009 there have been 108 closed sales. The average sales price is $195,351. The average sold home has 1,749 square feet and costs $115/square foot. Hope Valley Farms was started in 1988 with Pulte Homes as the primary builder, but the townhomes and many of the single family homes weren't built until after 2000. Home prices range from $134,000 for a small 2 bedroom townhome to $367,000 for a 4BR executive home … (2 comments)
larry pulley: Best SW Durham Neighborhoods- Woodlake!
- 12/06/09 07:36 AM
Another popular neighborhood in SW Durham in North Carolina is Woodlake, which is just across Fayetteville Road from Woodcroft about which I've written previously. Like Woodcroft, the Woodlake community has a variety of home styles ranging from small single family detached homes of around 1200 square feet, including sought after one story (ranch style) homes, to larger homes to townhomes. The subdivision gets its name from the lake which is a central focus of the neighborhood with over three miles of walking trails around the lake and through the community. Home prices in Woodlake range from $160,000 to $400,000+. The average sales price for homes closed YTD … (0 comments)
larry pulley: Durham, NC- Where Great Things Happen!
- 11/18/09 06:15 AM
Where Great Things Happen! That's the slogan of the Durham Convention and Visitors Bureau. And it's true. There are lots of great things happening in Durham, North Carolina. In October 2008, bon appetit called Durham-Chapel Hill Americas Foodiest Small Town, paying tribute to the great variety and servings of locally fresh foods in the area. In March 2009, Forbes Magazine ranked Durham the #3 Best Place for Business and Careers. In April 2009, Relocate America ranked Durham #5 on its list of Best Places to Live. These are just a few of the accolades the area has recently received.
In … (0 comments)
larry pulley: Durham, Chapel Hill and Raleigh Real Estate Update
- 11/05/09 08:38 AM
Home sales for 2009 in the Research Triangle Park area of NC through September still trail prior year sales, but the level of decline is lessening, offering some hope that the local market is coming out of a two year period of negative period over period sales. In the third quarter, sales in Wake, Durham, and Orange counties, the three main counties making up the Triangle were down 9.3% when compared to 2008. Compared to previous quarters this is a significant improvement. September sales in the Triangle area declined only 7.5% versus September 2008, actually showing a month over same month 2008 improvement in … (1 comments)
larry pulley: Coming Home to Woodcroft in Durham NC
- 10/13/09 08:42 AM
The Woodcroft community is among the most popular destinations for families looking for affordable homes in Durham, NC and the Research Triangle Park area of North Carolina especially with young families and graduate students at the local universities. Ninety-two homes have been sold in the Woodcroft subdivision YTD through August 2009 with an average sales price of $170,782 and an average price per square foot of $107.56. The neighborhood, which was among the first Planned Unit Developments in NC when building began in 1983, is perfectly located with easy access to the job centers at RTP, as well as local universities Duke ,UNC-Chapel Hill and NC Central. Woodcroft is located only a mile or so from I-40 which is serves … (1 comments)
The one subset of people short changed in the first time homebuyer tax credit are newlyweds where one spouse currently owns a home. If the couple wants to purchase a new home jointly, either because they will reside in the area where the non homeowner lives, or will both be moving to another location, they're out of luck. Under the tax credit rules, neither spouse can have lived in the previous principal residence of the home owning spouse for a period of three years prior to purchasing a new principal residence. In a great majority of cases, this is not how couples unite, with one … (5 comments)
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