Real Estate Investment News from NARREIA.com
Real Estate Investment News from NARREIA
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- Las Vegas Real Estate Market Report: 3/05/08
Las Vegas Real Estate Market Report: 3/05/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com ( - Raleigh-Durham Market Defies Housing Trends
In recent months, markets across the US have witnessed a slew of reports about the softening of the real estate market. The news is much different in the Triangle Region of North Carolina (Raleigh, Durham, Chapel Hill and surrounding areas). According to research conducted by the National Association of Realtors, new home sales and existing home sales in North Carolina were both up from their 2005 numbers, a glaring difference from the downturn witnessed in many other US locations. These factors, alongside a very affordable housing market lead the long list of reasons why investors across the US are refocusing their energies on the Triangle Market. Reasonable housing costs and a w - Triangle (NC) Market Trends: 2006 Year in Review
In reviewing the market trends over the past 12 months in the Triangle area (Raleigh, Durham, Chapel Hill), several noteworthy items surfaced which highlight the steady growth in this vibrant metro area. To start: 1. Resale closings of existing homes were up 11% over this 1 year period. 2. The average sales price for housing across the counties was 225k (Orange County – Chapel Hill posted the highest average price and appreciation over this timeframe). 3. New housing starts and commercial development remained strong. Although average days on the market for typical homes in the area averages just under 3 months (~72 days), the inventory on hand continues to absorb steadi - Triangle (Raleigh-Durham-Chapel Hill) Resale Market Remains Strong!
Yes, the resale market in the Triangle (Raleigh, Durham, Chapel Hill) remains strong, and projections for the spring market are even more optimistic than in years past. New construction continues its steady growth with several local and regional builders initiating projects in high-demand areas (South Durham, North Raleigh, and surrounding townships). Days on Market hasnt moved much from its 2.5 month average and inventory is in balance. In addition, recent 3rd party praise from notable sources is spurring relocation interest in the Triangle from career seekers and retirees; two demographics that are playing a large role in the growth of this region. First, is Forbes in their - Raleigh-Durham Real Estate Investment Opportunities At-A-Glance
As a real estate broker and active investor, I often find myself looking at the market trends in other metro areas in comparison with my home market. I am constantly in awe of the wealth of opportunities to acquire investment properties in the Triangle at very formidable prices. Take the following examples of properties currently available for sale: Investment #1 3-year old townhome Price $140,000 Gross rents $1000 Annual taxes: ~$1555 Annual Insurance: $0 (included in homeowners HOA payment) HOA - $80/month (includes insurance and exterior maintenance.) Cashflow: POSITIVE Investment #2 Recently renovated Duplex (2-units) Price $156,000 Gross rents $1370 Annual taxes - Potential Challenges in the Raleigh-Durham Real Estate Market
It never fails. A city starts up the growth curve of a formidable real estate market and local government finds yet another way to pull additional financial benefit from these changes at the expense of the homeowner. What is Tiff complaining about, you ask? Answer: The North Carolina Home Tax. This tax, which is currently being considered in the state legislature, would impose an additional 1% fee to the seller upon the sale of a North Carolina residence. It is, essentially, a tax on the equity in our homes. Example: Neil and Joanna move to the Triangle for a new job and purchase a home for 200k. Neil is unexpectedly transferred for work, and they have to sell their home 3 - Raleigh-Durham - Much more of a metro area than you'd expect.
Over the past few months, the Triangle (Raleigh-Durham-Chapel Hill area) has enjoyed a wealth of attention from national sources. Most of these publications herald the Triangle as the next best place to invest in real estate because of the areas affordability. Others applaud the slow and steady growth in appreciation in this real estate market, which is in stark contrast to the broad swings of many other metro areas. During this time, Ive spoken with dozens of investors across the United States who share an interest in benefitting from the cashflow and consistent appreciation in the Raleigh-Durham area. One topic never fails to arise from many of these investors, and this is the pe - South Durham --The Triangle's New Hot Spot
Raleigh, Durham, Chapel Hill, Carrboro, Wake Forest, Cary, Morrisville, Apex, Clayton.... and the list goes on. All of these cities/townships make their home in the Research Triangle area of Raleigh Durham, which has been heralded as one of the most formidable emerging real estate markets in the US. Each of these areas has its own personality and norms (with regard to real estate), so where is the "hot spot" for investors who are interested in this region in the southeast. South Durham. South Durham is one of a few distinct pockets of growth and development that are leading the path of growth in the Triangle. The trend started a few years back with the introductin of Southpoin - Why is Raleigh-Durham such a hot market? Read on to find out!
The Raleigh-Durham Area real estate market is on a definite upswing and for more than 1 reason. These include a great quality of life, good schools, solid employment, and the list goes on... The following article was taken directly from the Raleigh Convention and Visitors Bureau and lists may of these accolades Visit http://www.visitraleigh.com/media/accolades.html for the full article. And, as always, feel free to contact me if youd like more info on specific investment oppportunities in the Raleigh-Durham area...and be sure to mention you found me through NARREIA! -------------------- Raleigh Ranks Right on Top RALEIGH, N.C. (June 2007) -- North Carolinas Capital City area - RELAX...The tumble in the subprime market is an OPPORTUNITY, not a disaster
Fellow Investors, With the news of last weeks closing of American Home Mortgage and several other lending institutions, an immediate panic shook the real estate markets. Buyers worried about their home loans closing. Investors began to sweat with fears that the real estate market within which they have committed their energy (and funds) would grind to a halt. In actuality, the activities of last week were a culmination of several signs that have been very apparent in the market over the past 12-18 months or so. Many investors just had their heads in the clouds and didnt notice them. Rates have risen noticeably over the past year and a half, although they remain at historically - Townhome Presales in Raleigh-Durham!!
I just received word from my builder-contact that presales for a 170+ townhome neighborhood with 2 lakes just launched yesterday. These are located in the 27713 zipcode, which over the past 3 years has benefited from some of the strongest appreciation in the Triangle region, especially in new home values. A few notes from the builder’s office: 1.There will be approx 170+ townhomes going up. 2.They are planning for 2 lakes in the subdivision at present, which will have canoeing and fishing available 3.There are a few spec homes in process now, that will be available in November, but build-to-suit will be available in January/February timeframe according to the current schedule. 4 - Real Estate Q&A : Single-Family vs. Multifamily and Advice on Partnerships
Question 1: "I am interested in purchasing some investment property. What considerations should I keep in mind as I decide between targeting single family homes versus multi-unit (i.e. duplex, two-flat, three-flat etc.) properties?" There are pros and cons to both single-family and multi-family rental properties: Single Family Pro: These properties tend to appreciate well if located in a desirable location. In addition, upon reselling the property down the line, you will likely have a much larger pool of potential buyers, which can make for a quicker sale. Keep in mind that your potential pool of buyers will include both investors and individuals who wish to use the home as t - Durham, NC - The Hidden Gem!
North Carolina is becoming well-known at the new hot spot for real estate investing. The area is a cluster of cities, and smaller townships including Raleigh, Cary, Durham, and Chapel Hill and is home to several universities and business campuses. Most individuals are familiar with Raleigh, as it is the state capital and has gathered quite a bit of media attention. Savvy investors, however are looking at neighboring Durham as well and are benefitting from more attractive pricing and appreciation projections. CNN Money recently posted its local forecasts for this metropolitan area. Unlike many US markets, both Raleigh and Durham MSAs are projected to have positive appreciation in - Raleigh-Durham is leading the pack in investment opportunities!
Happy New Year Fellow Investors! I thought it appropriate to share some joy in the midst of all of the "reported" economic gloom in the US. Good news... Raleigh-Durham is weathering the storm quite well, and the hiccup in the national real estate market seems to have largely passed over this vibrant metro area. The good news seems endless, and includes continues employment growth, and a strentghening rental market. These items are a plus for investors building portfolios in the Raleigh-Durham market. While housing starts are down in the Northeast, West and other regions, they are up in the South. This is likely due to the positive outlook for appreciation in this region, along wi - Las Vegas Real Estate Market Report: 2/27/08
Las Vegas Real Estate Market Report: 2/27/08 This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (
