Triangle Real Estate & Homes For Sale | North Carolina

Tagged as: Listing Trends, Raleigh Listings

The real estate market at it most basic and rudimentary level can be understood through basic Economics. Real estate values are driven by supply and demand. If supply increases and demand does not increase in kind housing values drop. This is know as a buyers market. While if the opposite is true and demand increases without supply keeping pace prices increase. Here we have a sellers market. This is of course just the starting point. There are innumerable reason that can cause both supply and demand to ebb and flow. This being the case an important aspect of the real estate business is listing trends. An easy way for brokers to gage where the... Read More →

Tagged as: MLS NC

There aren’t too many people who haven’t heard of a Multiple Listing Service (MLS). The most sought after function of the MLS is searching homes listed for sale. However, I’d bet most folks aren’t exactly sure how the MLS works or what other functions the MLS serves. In a nut shell the MLS is a suite of services that (1) enables brokers to establish contractual offers of compensation (among brokers); (2) facilitates cooperation with other broker participants; (3) accumulates and disseminates information to enable appraisals; (4) is a facility for the orderly correlation and dissemination of listing information to better serve broker’s... Read More →

Tagged as: Real Estate Trends, Trends

Real Trends is a real estate trade publication published on a monthly basis. In the November 2009 issue they reported a survey they deemed the 5% rule. The survey was conducted through their own independent research with supplemental data coming from research university giants. Simply put, the “5% rule” says that in a normal year 5% of American house holds will purchase a home. According to their findings this has been the trend for the past 30 years and is the anticipated estimation for 2010. Through some technical growth calculation Real Trends further reports that the number households in the US increase by 1.1% each year.  With these... Read More →

Tagged as: Raleigh, Raleigh Neighborhoods

The Bloomsbury Neighborhood, located North of downtown Raleigh, is a northern component of the famous Five Points intersection. In May of 2002 Bloomsbury was added to the National Register of Historic Places. The general boundaries for the neighborhood are Fairview Road, St. Mary’s Street, Byrd Street, Sunset Drive, and Whitaker Mill Road. The neighborhood was primarily built during the roaring 20s. Two story Tudor revivals and bungalows are the most common architecturally for the neighborhood and the median sales price is around $380,000. If you’d like more information about this Raleigh Neighborhood give me a call.  Read More →

Tagged as: Downtown Raleigh, Historic, Raleigh Neighborhoods

The East Raleigh-South Park Historic District developed primarily from 1865, just after the Civil War, through 1940. The neighborhood is composed of about 30 blocks and lies east and south of downtown Raleigh. The houses in this neighborhood tend to be built rather close to each other reflecting the neighborhoods working class roots. As the residence of this area progressed from primarily working class to middle class the neighborhood’s architecture followed suite. The earliest homes in this area are examples of shotguns and triple-A cottages, while the later houses are examples of Craftsman, Colonial Revival, and Neoclasscial houses. A prominent... Read More →