Category: Triangle

29 Sep 2010

Relocation During the Recession

Would you like to know why The Carolinas are a great place to live?

For starters we have beautiful beaches, gorgeous mountains, weather that can’t be beat and an area rich in history and tradition. Newcomers are always impressed with the quality of life, the cost of living, and the opportunities that are available here.  Not convinced? Well then, let’s look at some of the stats:

Money Magazineranked two of North Carolina’s cities, Cary and Chapel Hill in its Top 50 “Best Places to Live in 2010”:

“In the heart of North Carolina’s Research Triangle, Cary N.C. boasts one of the lowest crime rates in the nation, AAA bond ratings from Moody’s, and an unemployment rate below the country’s average.

7 Sep 2010

Durham, NC: More Than Just Bulls and Blue Devils

The Wall Street Journal recently published a list of the Best and Worst markets for investing in real estate. Not surprisingly, three cities in the Carolinas topped the “Best” list…Greenville, SC #9, Winston-Salem, NC #7, and Durham, NC #1. Markets that ranked highly have a low likelihood of a significant continued downward spiral in home prices; have a large percentage of jobs in government, health care, and education; and have experienced a moderate growth in income.

As a native of the Triangle Region, which includes Durham, I enjoy that city’s culture, history, and diversity. Durham, also known as the Bull City because of its bustling, 19thcentury Bull Durham tobacco factory, became the center of North Carolina’s tobacco industry following the Civil War. Ironically, it is the health care and biotech industries that have replaced tobacco as the city’s economic engines. Since its founding in 1869, Durham has grown to become the state’s fifth largest city.

4 Aug 2010

Insider Secrets: Raleigh’s Cameron Village

In 1946, my Dad, Willie York, got on a train to head to Chicago to attend the annual Home Builders Association meeting. On that trip, he met JC Nichols of Kansas City, who had developed Country Club Plaza, the first planned shopping center in the United States.  After hearing about the Plaza, Dad decided he wanted to develop a similar shopping center in his hometown of Raleigh.

Now 64 years later, Cameron Village, Raleigh’s first planned mixed use development, remains one of the most desirable addresses in the city.  The concept was simple. Six open blocks of retailing where stores are visible, easily accessible and bordered by apartments, single family houses, and office buildings. It has been sold three times to owners who have enabled it to grow and prosper and has been managed by York Properties the entire 64 years.

27 Jul 2010

Summertime Fun in the Triangle – Part 2

You may remember that earlier this month I talked about all of the great indoor activities that the Triangle region of North Carolina offers its residents, visitors, friends and families. To be honest, I could have made that blog post A LOT longer but sometimes its fun to explore and discover new places for yourself (hint, hint! If you found one I didn’t list then please let me know!).

This week I am heading outdoors and sharing several great attractions and activities that are an absolute must this summer!

The Durham Bulls are a minor league baseball team based in Durham, North Carolina and are the Triple-A affiliate of the Tampa Bay Rays major-league club. Enjoying a game outdoors with friends or family is a perfect way to spend an afternoon or a whole day!

19 Jul 2010

What Baseball Can Teach Us about Real Estate

The Carolinas are rich in baseball lore.

South Carolina produced major league standouts like Camden’s Larry Doby and Anderson’s Jim Rice. North Carolina brought us Williamston’s Gaylord Perry, Hertford’s Catfish Hunter, and Raleigh’s Josh Hamilton. And while the Carolinas do not have a major league baseball team (yet), minor league teams such as the Durham Bulls, Charlotte Knights, Carolina Mudcats, Burlington Royals, Greensboro Grasshoppers, and Winston-Salem Dash keep the game relevant and thriving.

16 Jul 2010

America’s Top States for Business: North Carolina in Top 5

More good news was released this week discussing the bright future of North Carolina.  After a two year absence, North Carolina was ranked #4 in CNBC’s 2010 Edition of “America’s Top States for Business.”

So, what does that tell us?

We know that folks are retiring here. We know for a fact that the population is growing organically.  We know the state of North Carolina, through its state university systems and private universities, is attracting bright young talent.  We know that young people who go away to school return back here to build a career and start a family.  We know that folks seeking a second career are migrating here to retool and regenerate.  We know that career professionals who are self employed, and need an international airport, choose us for their landing pad.

13 Jul 2010

Summertime Fun in the Triangle – Part 1

In addition to being just a 2 hour drive to the ocean and a 3 hour drive to the mountains, the Triangle region of North Carolina offers lots of summertime fun for kids of all ages.  In fact, there are so many things to do, I am going to tell you about indoor and outdoor activities separately.  Let’s start in the air-conditioning!  With a record setting summer for temperatures upon us, I want to stay indoors as much as possible and I’m sure you do as well!

5 Jul 2010

The Crown Jewel of Downtown Durham

Tickets-check, Dinner reservations-check… And we were off to the Durham Performing Arts Center, the crown jewel of downtown Durham, NC.

My husband & I were heading to see our first performance but couldn’t decide if we were more excited about the play or our highly recommended dinner location.  As soon as we booked the show, I reached out to a good friend at the Durham Chamber of Commerce, for recommendations on where to dine.  Having visited Durham numerous times, I have my old favorites such as farm-to-table Watts Groceryand the Parisian-style Rue Cler, but wanted to venture outside of my comfort zone and try a new spot for dinner. Hands down no questions asked, the recommendation we were given was for Revolution.  It was the perfect selection for us!

14 Jun 2010

What’s Up with the Upper End Market?

There has been a lot of conversation recently about the first time homebuyer’s tax credit and its effects on the market. But what about the upper end of the market, specifically homes priced at $750,000 and above?

To understand the current status, we need to review what impacts buyers and sellers in this part of the market:

  • Ability to get mortgages
  • Inventory of homes on the market
  • Consumer confidence

While the same 3 factors affect all buyers and sellers regardless of price point these trends affect the high-end buyer a little differently. Let’s take a look at how this group specifically has been affected.

7 Jun 2010

What Does Quality of Life Mean To You?

The long term health of a real estate market is impacted by several factors. Previously, I discussed the importance of supply and demand. Another factor that plays an equally important role is quality of life. Unlike supply and demand, quality of life is not objective.   What does it really mean?  How would you measure it?  How could it be impacted positively or negatively?

A recent survey from Portfolio answered all of these questions by comparing the performance of the country’s 67 largest metro areas in 20 statistical categories.  The highest scores went to well-rounded markets with healthy economies, moderate costs of living, light traffic, impressive housing stocks, and high powered education systems.  And…drum roll please….

Raleigh, NC ranks #1 and Charlotte, NC ranks #16.  Our only 2 qualifying metros and they are both in the top 20.