SCP's Blog: Raleigh NC Real Estate

Falls River community in North Raleigh, NC,  is known for its small town atmosphere and community interaction.  Developed by Wakefield Development Company, this community has won numerous awards since its creation in 2001.  The National Association of Homebuilders and the North Carolina Homebuilders Association have ranked Bedford at Falls River among the 100 Best Master-Planned Communities in America and have awarded it Community of the Year three times.  Falls River consists of 600 acres of land, one third of which is open space for community gatherings, outdoor games, or just a casual walk.  It is located minutes from Falls Lake and the Neuse River, with easy access to I-540 and Falls of the Neuse Road. 

Home Options
The Falls River community…

The real estate market, and the broader US economy, is on its way to recovery. But it is not there yet. Construction is still showing signs of softness throughout North Carolina and has been shedding jobs for the better part of the year. However, signs of an upturn in 2010 are becoming clearer. In this context, it is interesting to look at what the housing market might look like in Raleigh in 2010 based on the most recent data.

Construction is still on the wane… for now. The indicator measuring construction projects recorded in August 09 in the Raleigh area was less than a percent lower than that of 2008. Business-related building was understandably more affected than residential building, as companies continue to control their expenses.

The sector also…

Since the Housing and Economic Recovery Act of 2008 was enacted, first home buyers have had the opportunity to take advantage of a tax credit (provided that they meet a set of requirements). Fortunately it’s not too late to benefit from this opportunity; however, for those who only just got started in their Greater Raleigh home search, you should be aware of the steps that need to be taken by November 30, 2009.

The Deadline is Quickly Approaching

Now that the deadline is only a handful of weeks away, obtaining the first home buyer tax credit can be tricky as it adds another restriction to the already complex process of purchasing a first property. November 30th, 2009 is the time limit for a real estate purchase to qualify for a tax credit, which means…

The Greater Raleigh real estate market posted some of the highest numbers in six months for the month of May 2009.  Some notable stats include:

• Increased pending sales
• Higher average resale prices
• Increase closings

Although the Raleigh NC real estate area did experience a decline in sales and demand, it never did hit the same bottom as many other markets around the country. Not only was the Raleigh area one of the last markets to experience a decline, it also appears to be taking the lead in terms of making a rebound. This is largely because the Triangle area has many things to offer to residents, including a number of employment opportunities with the biotechnology and high-tech clusters, a variety of different universities and a…

There are many reasons for you to take a serious look at purchasing one of the many beautiful Holly Springs homes for sale. In fact, the town has so many wonderful things to offer to its residents that a number of prestigious organizations and magazines have bestowed a variety of honors and recognition among the town. Here's a look at just a few.

The Pedestrian Transportation Plan Award

In September of 2008, the town of Holly Springs received a reward from the North Carolina Chapter of the American Planning Association for its Pedestrian Transportation Plan. In order to earn this reward, the town had to demonstrate its commitment to pedestrian transportation through innovative plans. Earning this reward is proof of Holly Spring's dedication to providing…

North Raleigh, North Carolina is one of the most popular areas of North Carolina's Research Triangle for those who are looking for a home within a small, quiet neighborhood that is still located near all the amenities the city has to offer. For those living in North Raleigh, NC, enjoying a day out on the lake is just as accessible as spending the day shopping at some of the best stores in the country. Here's a look at just some of the great shopping and recreational opportunities available to those living in the North Raleigh, North Carolina area.

Shopping and Dining in North Raleigh, NC

The North Raleigh, North Carolina area boasts numerous shopping centers and malls for residents and visitors to select from. The Falls River Town Center, for example, is…

Patio Homes 101

In the greater Raleigh area, most homebuyers and sellers are familiar with the terms “condo,” “townhome,” or “single family home;” but what about a “patio home?” Located on the same spectrum as townhomes and single family homes, patio homes typically lie somewhere in the middle of these two property types.

Unknown to many consumers, patio homes offer a maintenance-free lifestyle similar to condos and townhomes. Patio homes, however, differ from most condos and townhomes in that they reside within residential developments and offer detached, single-family units situated on reduced-sized lots with access to common open space.

Commonly referred to as “zero lot line homes,” the structure of a patio home is built along one of the property…

It's easy to get caught up in the discouraging news reports about the down economy; however, one thing reporters are not talking about is home buying. Surprisingly, right now is an ideal time to purchase a home! If you're thinking about relocating to Raleigh, North Carolina, or are ready to either upgrade or downsize to a new home, then here are five reasons why now is an optimal time to buy a Raleigh NC Home:

Reason 1: Volume is High

The Raleigh real estate market has a large surplus of homes. According to the Triangle Multiple Listing Service (TMLS), there are almost 11,000 homes for sale in the Greater Raleigh area. This inventory is a 21% increase from last year. As you know, the basic economic model of supply-and-demand determines price in a market,…