Archive for February, 2010

Mortage rate predictions

Here’s a quick update about my earlier post regarding the uncertain future of mortgage rates:
One reason for such bidding wars is that many buyers can qualify for tax credits of as much as $8,000 if they agree on a home purchase by April 30. Meanwhile, economists say mortgage rates — currently around 5% for standard 30-year [...]

Raleigh Real Estate News goes Twitter

You can follow our blog as I write and receive tweets of our new posts. It’s quick, easy and awesome. I surf real estate news and the local city websites looking for blog stories and now I can update you with my posts as well as direct links to the story right from Twitter. You [...]

How to read this blog

Just a quick heads up: Not all blog posts appear on this page. Check out the blue box on the right side with tabs on the top. I sort out things like tips so they show up all in one place and then I filter them out to avoid them showing up twice. In the [...]

Location or house? Which philosophy is better in Raleigh?

Location, location, location. You’ve probably heard it before and if not, you will. Location is a leading factor driving real estate values everywhere you turn, not just around Raleigh. What happens if you can’t find the house you need or want in the location you want? Should you sacrifice your house or location?
Many real estate [...]

Planning to buy a home in the Raleigh area? What will happen to mortgage rates?

The Federal reserve (Fed) has confirmed their position that it plan to stop purchasing mortgage backed securities after March, 2010. The Fed has been buying these securities since January, 2009 to keep the housing market from sinking to lower levels. The Fed’s actions have helped keep interest rates at historic lows during a very critical time for [...]

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 [...]

Keeping up with Raleigh’s Hillsborough Street’s changes

If you travel Hillsborough Street then you have seen the craziness for months now. The new round-a-bouts are looking great and the improved streetscape is taking shape.  According to recent reports, construction on the south side of the street is wrapping up. Traffic will be switched to the south side for the whole corridor sometime in March.
To keep [...]

I want to buy a house but I’m too busy freaking out

AAAAAAAAAAAHHHHHHHHHH!
Tension breaker, had to be done. Now that we have that out of the way, I heard this from a caller today that was interested in one of my listings. I almost had to tell them to hang up and call 911 because she was confused to a point I was concerned for her.
First time home [...]

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