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GlenLake South is just west of Raleigh in the hills overlooking Crabtree Valley. The neighborhood was initially designed with a mix of cottage homes, manor homes, villas, and townhomes boasting early 20th century architectural styled homes with lots of stone, brick, and cedar shake accents. Home prices were set from $700k to over a million, but that’s about [...] According to a report from the Triangle Business Journal, Maryland based PCS Homes with strong ties in the Raleigh area is in Chapter 11. Companies can use Chapter 11 to reorganize thier business or personal assets and debts, but can also be used as a mechanism [...] I recently posted a story called Where is housing headed where I discussed an article from CNN. I read a great article from the Metrostudy blog this morning that is worth of our attention. Referring to a recent study that housing start numbers are showing growth: Where did this increase in housing production come from? Was it “stimulated” by the [...] Who benefits really if the treasury guarantees $15 billion in construction loans? What happens to home prices? [...] Triangle MLS records show that Satterwhite Construction has sold and closed 50 townhouses in the neighborhood that straddles the Raleigh/ Durham line since 2007 (1 actually sold in late 2006). [...] KB Homes, one of the largest home builders in the Raleigh area, announced their accounting practices are the focus of a formal investigation by the Securities and Exchange Commission. Former CEO Bruce Karatz settled with the SEC for $7 million from charges that he backdated his stock options to increase his pay. He did not admit to any wrong doing. [...] |
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Stalk Jason