Monthly Archives: August 2012

Inside Out Raleigh

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Thanks to Samad, Lorenzo and Cat for providing the beautiful venue!

Our first after hours business event has come and gone and I’m pleased to announce that it was a success! Over 150 professionals joined us at Babylon last night for great food, drinks and of course networking!

I am proud to be a part of such a great event. Inside Out Raleigh was also sponsored by Outside Raleigh Media and Divine Aesthetics. Special thanks to Burnt Studios, The Bean Counter, Loebach Studios and LuckyPie Gallery for your contributions too.

Thank you to all that came out last night. We hope to see you again at our next business after-hours on September 27th. Inside Out Raleigh truly is “Networking Like No Other…”

Market Update

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According to Triangle Area Residential Realty‘s latest report, the monthly inventory homes on the market is down 31% from the same period last year and is down 40% from its peak in September 2008.  This is viewed as a positive considering the low number of sales since its peak.

While there is an undersupply of detached housing and townhomes priced between $200l and $300k in Cary/Morrisville, there is an oversupply of homes priced over $600k in Cary/Morrisville as well as North Raleigh.

Second quarter numbers indicated that TMLS closings were up 17%. Wake County and Durham County had the highest percentage increase at 21% while Orange County was up 10%. Wake County had a second quarter market share of 55% which is up from the 53% seen during the second quarter of 2011.

 

 

Go Believes

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Even during the first week of the Go Reality Show, I knew that I was part of something really special. What appealed to me most about Go Realty was the culture that really set it apart from any other real estate company. If you haven’t gotten a chance to experience our culture first-hand, I urge you to take the time to do so. It’s completely genuine and we are happy to share it with anyone we come in contact with (even if you walked in thinking it was the Starbucks next door.)

Our 8 Core Beliefs:

We Believe in a $6 Cup of Coffee

We Believe in Magic

We Believe in Giving Back

We Believe in Our Team

We Believe in Our Clients

We Believe in Simplicity

We Believe in Change

We Believe in Being Better

For a more complete look at our culture and beliefs, please visit Go Realty Unplugged.

Help Name the I-40/440 Rebuild Project

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Interstate 40 and 440 in Wake County will be getting quite a facelift soon.  The major rebuild is from U.S. 1 in Cary to U.S. 64/264 in Raleigh and will begin next spring.  The whole project is expected to last three years.

To help put a positive spin on the rebuild which will require major lane closures, the state DOT wants the public to help come up with a creative and funny name for it.  Other states have done this too.  For example, Los Angeles named the 53-hour closure of I-405 “Carmageddon” and Ohio voted to name a three-year reconstruction of the interchange between I-71 and I-670 “Crawlumbus.”  The last day to vote is only 2 days away on August 10th!

The winning name will be used in all future references to the project. It will also be part of the website name that will provide information about the I-40/440 rebuild. The winner will be announced Aug. 22.

Top 10 Cities People Are Moving To

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According to The Fiscal Times, Raleigh is the 5th top city that people are moving to.  The state capital of North Carolina has a strong public jobs sector that’s complemented by jobs at three world-class universities, two hospital systems, and companies like IBM and GlaxoSmithKline. From 2011 to 2012, Raleigh’s job growth climbed more than 2 percent, and the city ranked number 7 on Forbes 2012 list of best big cities for jobs.

Raleigh has a young, educated population that grew almost 42% from 2000−2010, making it the fourth-fastest-growing metro in the nation. Raleigh’s population is expected to rise another 36% by 2020, according to a study from firm ProximityOne.