Monthly Archives: September 2012

Parade of Homes 2012

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This year’s Parade of Homes will showcase over 200 homes throughout Wake County. The homes participating in one of the nation’s largest judged home tours will have the latest in design and home features of 2012.

Dates and Hours:

  • September 29-30 from 12-5 pm
  • October 5-7 from 12-5 pm
  • October 12-14 from 12-5 pm

Three Ways to Get Parade of Homes Information:

1) ONLINE – Visit www.paradeofhomeswake.com for the online list of homes – which will be live the week of Sep. 24. Search homes by community, builder, size, etc.

2) IN PRINT – Stop by the HBA office to pick up a book. Parade books will also be available at the parade houses during the tour.

3) VIA SMART PHONE – Download the Parade App for your iPhone or Android phone and explore Parade homes online.

                            

5 Reasons to Buy a Home Now

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Based on prices, mortgage rates and skyrocketing rents, there may have never been a better time to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

Inventory of homes for sale is at record lows right now.

PRICE INCREASES ARE ON THE RISE

Some studies predict that prices may go up as much as 10% by 2016.

Rents Are Skyrocketing

Rents historically increase by 3.2% on an annual basis. Trulia recently reported that rents this year have gone up by 5.4%.

Interest Rates Are at record Lows

The 30-year-mortgage rate before the financial crisis was 6.57% (August 2007).

Buy Low, Sell High

When investing, we want to buy at the lowest price possible and hope to sell at the highest price. Today, real estate is selling low, so It’s time to buy.

Increase in Building Permits Issued

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It’s looking good for Wake County’s building industry. This is especially true in the parts of the county where I-540 is being extended.

The total number of permits for new residential buildings is up 28 percent from last year. The total value of the homes that were issued permits is $558 million – this is up 35% from 2011 and indicates the homes’ average value has increased by about 5 percent.

For more, check out the recent article by Triangle Business Journal.