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.
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.
You probably won’t find this out of character for North Carolina’s capital city, but Raleigh has made another top 10 list. It was ranked as the third fastest growing city in America. You can check out the complete list on The Huffington Post.
The city of Raleigh released the much anticipated “RGreenway” app this week. Its purpose is to make the 3800 acre, 115 mile Capital City’s Greenway system more user-friendly. For not it’s only available for iPhones, but will be available for Android users soon. It can be downloaded either from the App Store or from Apple directly.
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.
Check out my latest blog, 3793 Morning Song Ct to follow the adventures of Bernice and I as she makes the transition from New Hampshire to North Carolina.