Home prices rose 6.3% in October over the same month last year; this marks the eighth consecutive year-over-year jump in home prices nationally, according to CoreLogic. This is also the largest increase since June 2006. The dwindling supply of homes continues to help push prices upwards, the country is currently showing a 5.4 month supply; […]

A long-standing Triangle-area holiday tradition is the Raleigh Little Theater’s production of Cinderella, now entering its 29th annual run this year. The production, first performed in 1984, takes comedic license with the classic fairy tale, combining laughter with music and romance-as well as some really ugly stepsisters. The Raleigh Little Theater’s version is a visually […]

Homes under contract reached its highest level in almost six years in October. The seasonally adjusted pending home sales index rose 5.2% October according to the National Association of Realtors, this represents the highest level, with the exception several months during the homebuyer tax credit, since March 2007. There has been a steady rise in […]

      The holiday season in Hillsborough will kick off this Friday, November 30th; the start of a weekend filled with holiday cheer! Friday night will play host to multiple activities: enjoy the monthly “Last Fridays Art Walk” through Hillsborough’s gallery spaces; do some holiday shopping during Ladies’ Night: Be Social, Shop Local; and not to […]

Foreclosure rates in the Triangle area continued to decline in September. The Raleigh/Cary area foreclosure rate was 1.77% in September compared to 1.81% in September 2011, and the Durham/Chapel Hill rate was 1.61% compared to 1.98% the previous year. The foreclosure rate was down 3.25% nationally in September. Read more at the Triangle Business Journal. […]

Unemployment rates fell in 37 states and the District of Columbia last month despite the slight rise in the national jobless rate, the government reported Tuesday. Nationally, the labor market has picked up in recent months, with monthly job growth averaging 173,000 the past four months, up from 85,000 the prior four months. Employment gains typically […]

U.S. homebuilder confidence continues to rise, reaching its highest level in six and a half years this month. The demand for new homes has grown, new home starts were at the fastest pace in four years in September, which is leading to greater optimism that the housing recovery will continue to strengthen next year. Home […]

More construction was started last month on both single-family homes and apartments since July 2008; housing starts jumped 3.6% in October according to the Commerce Department. Permit applications to build single-family homes rose to their highest levels in over four years, and housing starts are 87% above the annual rate of 478,000 in April of […]

The new master plan for future development of Research Triangle Park has been revealed. The new vision for RTP will include a new mixed-use development called Triangle Commons, which will include retail, restaurant, and residential space, perhaps even such amenities as a concert space and a high-end hotel.  This is all part of an effort […]

Triangle home sales increased 32% in October compared to the same period a year ago; the Triangle has recorded double-digit sales increases in all of the first three quarters of 2012. Pending sales, showings, and average home prices were all up, and number of days on market has dropped year-over-year. Decreasing inventory levels are helping […]