Real Estate News | Raleigh Real Estate News

When did you buy your home in Raleigh?

According to a recent report from S.M.A. Publications of Cary, many Wake County home sellers who purchased their homes in the last 3 years are selling for less than they actually paid for the home.

Declining house prices continue to eat away at home equity. Re-sale sellers within the past 13 months who previously purchased in 2007, [...]

Where is housing headed?

Now that housing has crashed and appears to have bounced off the bottom, what’s next? It’s clear that everyone seems to have a different opinion (Including me) about where housing is headed next.

There are two strong camps of opinion and both make pretty good sense. The Bull Market theory touts that it can’t get any worse [...]

Raleigh's Crabtree Valley Stalls Again

Crabtree Valley Mall in Raleigh has boomed in recent years and nearby real estate has, too. However, it just started a little late and by the time new projects were city approved and ready to go, the real estate market stalled.

The property behind the mall is known as Kid’s Hill and there were two different projects [...]

Should Taxpayers Help Home Builders?

Who benefits really if the treasury guarantees $15 billion in construction loans? What happens to home prices? [...]

KB Homes's former CEO goes on trial

This is an update to my previous post KB Homes is focus of SEC investigation.

Former KB Homes CEO, Bruce Karatz, is headed to trial accused of backdating stock option and then lying about it to the home builders lawyers. Accusations state that he was paid almost $7 million more than he should have been from 1999-2005.

Backdating [...]

Outstanding weather for Raleigh home buyers this weekend

We did 2 open houses this weekend in Garner and in Raleigh… the weather was awesome! We had a great day at Southerby Bluffs on Saturday and had several visitors tour the new townhouses. On Sunday we held our listing at 8741 Camden Park Drive open, but only had 1 visitor… Each weekend is hit or [...]

Bank of America forecloses on wrong home

This is probably the craziest thing I have ever read:

Lawyers for owners of a mortgage-free Florida home that Bank of America attempted to foreclose on are bringing an arsenal of legal claims against the banking giant, ranging from obvious claims like conversion and trespass to more unexpected ones like defamation and libel.

This does not pertain to [...]

How does Raleigh housing compare to boom markets?

Raleigh has taken some lumps during the real estate downtown but as you can see in the graph below, our pricing has outperformed the US average, Atlanta and the boom markets of Orlando, FL and Phoenix, AZ. I included Atlanta because of their explosive growth and the fact that they are a leading southern city. I included Orlando [...]

Zillow cheif economist speaks about new home buyer tax credit changes

Create your account on Zillow.com

Did you know that on-line home valuation monster Zillow.com has a chief economist? I like that they do because I feel opinions like his are market driven and not reports written for stock analysts.

Read New Homebuyer Tax Credit Proposal: Impact on the Housing Market by Stan Humphries. In his post he [...]

Homebuyer Tax Credit Extension Passes U.S. House and Awaits President's Signature

I received this by e-mail earlier today:

Stay tuned for official word from NAR but the bill including the homebuyer tax credit extension and expansion passed the House by a vote of 403-12 after passing the Senate last night 98-0. This is great news for our market. This will certainly help get buyers off the fence!

Thank you [...]