May 19, 2010
Mortgage interest rates remain low
After two years of uncertainty in the local real estate market, we are seeing a little bit of optimism. Where selling prices of homes had fallen to near or below tax values, we are now seeing some stabilization. The best part, interest rates are remaining low for the moment, making homes very affordable. If you are in a home now, that does not quite suit, and want something different, this might be the time to act.
Labels: Affordable homes
January 21, 2008
Lower Interest Rates
Reported by T.A.R.R. (Triangle Area Residential Realty), the national average in December 2007 for a 30 year fixed rate mortgage was 5.54% compared to 5.74% in December 2006. The national average for a 15 year fixed rate mortgage was 5.05% compared to 5.5% in Dec. 2006.
January 16, 2008
Top-selling Developments
In the 3rd quarter of 2007, the top-selling developments in the Triangle area with re-sale housing (according to the T.A.R.R. report) were:
Kildaire Farms (171 closings)
Preston (128)
Brier Creek (117)
Lochmere (102)
Breckenridge (95)
Trailwoods (85)
Scotts Mill (83)
Cary Park (75)
Carpenter Village (60)
Oxford Hunt (57)
January 08, 2008
Appreciation in Wake County
The Apex, Cary, Morrisville area had the second highest appreciation percentage rate in Wake County in Jan-Nov 2007, at ~5.4% (according to Nov T.A.R.R report).
November 09, 2007
Luxury Home Appreciation
According to the 3rd quarter Triangle Area Residential Realty (T.A.R.R.) Report for 2007, the average percent per year gain for luxury homes ($500,000 and above) has been 7.3%; this is higher than the average for all housing types combined of 5.7%.
October 24, 2007
Condo/Townhouse Listings on the Rise
Compared to October of last year (296 listings), the number of condo/townhouse listings on Realtor.com are up 31% for October 2007 (388 listings).
(source: T.A.R.R. Report for Q3 '07)
September 28, 2007
Market Appreciation
According to the August 2007 edition of the Triangle Residential Realty Report (T.A.R.R.) Report, in Cary, the average % per year increase that sellers are counting on the market to give them is 7.58%.
