Real Estate Market Reports & Data

According to a new study by Apartment List, 59.4% of Raleigh metro renters choose to move to the Raleigh metro for the job, making it #2 metro in the nation for job-first movers.

Growing job market with large technology companies, start-ups and job opportunities in science and academia make the Research Triangle surrounding Raleigh appealing to new Science, Technology, Engineering and Mathematic (STEM) grads. Combined with relatively low housing prices, the Triangle is the next go-to destination for tech workers around the nation. Despite rapidly increasing rent prices, Raleigh, Durham and Chapel Hill are still more affordable than most tech centers.

According to the study, only 25% of Raleigh metro renters are plan on settling down in the

It's the season for the loaded question that is on all of my homebuyers and sellers' minds, “What are the 2018 trends that we will see in the housing market?”. Our clients count on My NC Homes to know the upcoming market trends for the upcoming year and 2018 is no different. It is impossible for anyone to really “know” what the future holds, but with over 50 years of experience, we can read the market maps to better understand the indicators that guide our clients to make a better decisions.

2018 Real Estate Trends in The Triangle Region

In 2017, many of the Triangle homebuyers found themselves frustrated with the hot” sellers market around the Triangle. All around the area competitive offers on homes were turned away as they were edged out with

A family, a job, a home with a white picket fence: all these things are associated with what we call The American Dream. For decades, Americans have pursued this idyllic life. After graduating college, it’s expected that people will get married, settle down, buy a house, and have kids. But today, The American Dream is changing.

Research shows that millennials are changing the definition of The American Dream.

What is a Millennial?

Many news articles and reports these days discuss trends involving the Millennial generation. Just like the Baby Boomers and Generation Z, millennials are one of the six living generations in America today. Millennials are individuals born between 1981-1997, making them one of the largest and most prominent

Now is the perfect time for investment property seekers to looking into buying a rental home in Chapel Hill. Over the past three years, we have seen the value of Chapel Hill apartments nearly double. This upward trend is a good sign for those interested in investing in Chapel Hill property.

It Started with a Massive Renovation

Three years ago, some Chapel Hill neighborhoods were not as desirable as they are today. With rising crime rates and apartment buildings that had not seen any recent renovations, the value of select neighborhoods was low. However, that changed when prominent Chapel Hill real estate investor, Daniel Eller purchased then Timberlyne Village Apartments, as they were known back then.

Once acquiring the property, Eller set to

It will only be a few short weeks before the temperatures start to rise, the Forsythia and Jasmine will be showing off their bright yellow buds, then the Azalea's will start to bloom. So, let's get ready for the Spring Market.  

You must be prepared because right now inventory is still very low and prices continue to clime. We are often asked why prices seem so high in Durham as of late and it is true that they have risen quite a bit, Zillow is reporting a 7.7% increase for 2016. Durham is a great place to live, with a good job market, great research and medical facilities, outstanding restaurants, arts, and recreation so it is no wonder prices are high right? However, if you take a deeper look, prices really aren't that high...

If you compare

As we come near to the close of 2016 it's time to review what the market has done in the Durham/Chapel Hill Area and update the numbers from our Spring Market Report. The Triangle has been on fire for the last several years and 2016 was no exception.

We continue to see low inventory and prices have continued to rise. One might have thought that the elections and the following uptick in interest rates might have slowed things down but this hasn't been the case. Here’s a closer look at some numbers broken down geographically.

Durham County

Focusing on single-family homes, We see total sales volume up 6% and the average priced sale up 5.6% to $245,862 when comparing 2016 to 2015. In addition we find the average days on market is down 17% from

Realtor.com recently released their national housing forecast for 2017 that includes big news for the Raleigh-Cary and Durham-Chapel Hill real estate markets. According to the report, home prices and sales are expected to rise across the country next year by 3.9% and 1.9% respectively, although the Triangle Area is predicted to see some of the highest increases across all of the markets.

Raleigh in particular could see home prices rise 4.16% next year with an estimated growth of 7.6% in home sales, which could make them one of the 10 strongest real estate economies in the nation next year.

The report ranks Durham –Chapel Hill just a few spots behind Raleigh, with an expected increase of 2.55% in home prices and 8.95% in sales. So far this year,

The Triangle real estate markets is one of the most versatile and in-demand markets in the country thanks to its many great universities, endless job opportunities, and abundance of great places to live. While most of the area is largely characterized by master-planned communities and quiet, forested neighborhoods, there are a few exceptional properties privately tucked away in the hills of the Triangle area that you might not even know are there.

If you’ve ever dreamed of living the life of luxury, then check out the five most expensive homes below and compare your expectations to what these fabulous homes have to offer!

5. 7801 Old Stage Road in Raliegh – $4,200,000

This beautiful home boasts over 94 acres of beautiful wooded property. Although

Have you been thinking about moving up to a more luxurious home? Have you been watching the luxury home market wonder if now might be the time to buy? Let’s take a look at the luxury home market.

When the housing market crashed in 2008, all home values suffered, even the luxury home market. Since then, the housing market has been slowly recovering. However, some homeowners are still under water. They still owe more on their mortgage than their home is worth. As housing prices increase, this situation will continue to improve.

The luxury home market, however, has been improving markedly in the last several years. In the last couple of years, sales of luxury homes have been hitting record levels. And the prices for these homes have been rising

Fairfield Subdivision in Durham, NC is a friendly community whose $155/quarter Home Owner Association dues include the pool and tennis club. Conveniently located in south Durham, it is minutes from the American Tobacco Trail and Southpoint Mall. If you work in RTP, you’ll have a mere 10-15 minute commute, and UNC is only a twenty- minute drive.

Are you hearing us say that there's TONS to do in Durham near this great neighborhood?

Fairfield Subdivision is a lively Durham, NC neighborhood with a strong Association that's always organizing activities that neighbors can join in on. One other advantage is that this neighborhood pays county taxes while enjoying all city services. This saves the average homeowner in Fairfield about $1000 a year!

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