Category: Triangle

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.

26 May 2010

To Market! To Market!

“How is the market doing?”  If I had a dime for every time someone asked me that … Over the past 24 months that seems to be the question on everyone’s mind.  I am happy to report that the market is recovering.

The health of any real estate market is based on the principle of supply and demand.  Supply and demand is generally impacted by three factors:  the availability of jobs in the market, consumer confidence, and the cost of home-ownership.  Moving one step above that is that fact that all real estate markets impact one another, especially in an area like the Carolina’s where many people relocate from other parts of the country.  If you can’t sell your house where you currently live, then you most likely can’t purchase in your new location.  Or if you have to sell for less where you currently live, then you might have to purchase differently in your new location.

25 May 2010

Oh to Be in the Carolinas in the Morning!

Sitting back and reflecting on the real estate industry, I am amazed at all that we have been through. There is no denying that over the past decade, we have lived through some extreme highs and extreme lows together. That being said, if we take a step back to examine the real estate market since 1950, it is clear that we are continuing to see forward progress. Today, we are adjusting and recalculating from a 5-year hiatus, which is why I felt the need for the Allen Tate Company to create a blog where myself and my Allen Tate team members can share with you information about home ownership. This is a very important topic to us and is one that covers buying and selling homes, mortgages and insurance, relocation and renovation as well as the state of national, regional and local housing markets.

As the sun rises on the residential housing market in America, there is an extra ray of light shining on the place I call home.

The I-40/85/77 corridor has been named among one of the strongest metropolitan areas in the country. In a nutshell, the Carolinas represent a region poised for unparalleled growth and attention. Why is this, you may ask? I attribute it to the economic diversity of our job clusters, climate (who could possibly say no to this weather?!), pro business attitudes, work ethic, quality of life, and cost of living to name just a few.

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