Tag Archives: Raleigh NC

Cary & Surrounding Area: AFFORDABILITY

Home Affordability in Cary & Surrounding Area Hits 26.9% This Particular Week

 Home affordability is listed at 26.9% in Cary & Surrounding Area, according to the latest housing data provided by HouseCanary.

Home prices, mortgage rates and household income are important factors in determining the affordability of a home. The Affordability Index measures median household income relative to the income needed to purchase a median-priced house. This week for Cary & Surrounding Area, the data show a household earning the median income here of $62,794 would need to spend 26.9% of their income to afford a median priced home here, which is currently priced at $270,143. The two-year Affordability Index is forecast to be 31.7%.

This predictive analytics report and e-newsletter is part of a new collaboration between HouseCanary and RISMedia in an effort to bring real estate professionals timely and local housing data in thousands of regional and local markets across the U.S. as well as provide RISMedia’s real estate news, information and business development insights of interest to brokers, agents, service providers and professionals serving the U.S. residential real estate industry.

Property lookup: What is the risk of home values decreasing in your area in the next year? Enter a property street address followed by the zip code to find out:

 

Things to Do This Memorial Day Weekend in Raleigh, N.C.

So much to do this coming weekend but let’s not forget to take time and remember those who have died in service of the United States of America.

The Raleigh area is a perfect place for visitors and locals for Memorial Day weekend. From a hot air balloon festival to baseball games, the destination is packing in the fun over the long weekend ahead.

WRAL Freedom Balloon Fest

Bring the family for a truly-unique event this Memorial Day weekend, Fri.-Mon. The WRAL Freedom Balloon Fest in the town of Fuquay-Varina (just a short drive from Raleigh) is an admission-free event that invites the public to enjoy dozens of hot air balloons as they fill the sky in celebration and remembrance. Events include a balloon flow, tethered hot air balloon rides benefiting charities, field games, a Merchant, Arts and Craft Village and more than 40 food vendors. Check out this guide (includes a schedule of events!) from WRAL Out and About for more details!

Show your patriotism

On Sun. evening starting at 7:30pm, the town of Cary‘s Koka Booth Amphitheatre will host the Triangle Wind Ensemble for American Celebration: The Best of Broadway, featuring its “big band,” vocal soloists and a salute to our veterans.

Join Veterans Freedom Park, also in Cary, on Mon. for a Memorial Day Observance, including a patriotic ceremony and celebration honoring veterans of all wars and conflicts, 2:30-3:30pm.

Get outside!

Ready to enjoy some fun in the sun? Take advantage of the warmer weather this Memorial Day weekend by enjoying activities such as kayaking, stand-up paddleboarding and canoeing—check out our detailed guide to getting on the water at 11 different lakes and rivers (plus a blackwater swamp)!

Another way to take in the great outdoors is to hit the area’s scenic trails. Take a visual tour of some local favorites, here. With more than 170 miles of hiking and greenway trails, exploration always awaits.

Add some live music and delicious food to your outdoor excursion! Bond Park Boathouse in Cary is hosting musician Jared Place, Fully Loaded Fritters food truck and after-hours boat rentals on Fri., 5-8pm, for Bands, Bites and Boats at Bond Park. Half-price boat rentals will be available to those with a valid military I.D.

Memorial Day weekend baseball

Catch a Carolina Mudcats baseball game at Five County Stadium in Zebulon. The Mudcats play against the Myrtle Beach Pelicans each evening Fri.-Sun., then at 2pm on Mon. Catch Friday Night Fireworks at the Fri. game, and on Mon., the team is set to sport patriotic-themed jerseys. Hungry? The hot dogs are delicious and, of course, perfect for a baseball game!

Concerts

For a great way to kick off your Memorial Day weekend, head to the Midtown Beach Music Series this Thurs. evening, 6-9pm, to sing along with the Tams and shag dance the night away. Or bring a blanket, enjoy a frosty beverage and listen to the tunes from Muscadine Bloodline during the Live in the District Music Series in Morrisville, 6:30-9pm.

Another great way to kick off the weekend is with Franz Ferdinand at Lincoln Theatre in Raleigh, 8pm!

Over the weekend, check out a variety of concerts, including the North Carolina Museum of Art’s Art in the Evening with Peter Lamb and the Wolves (Fri., 5:30pm), Maxwell at Red Hat Amphitheater in downtown Raleigh (Fri., 7:30pm) and North Carolina Symphony Summerfest 2017: New World Symphony at Koka Booth (Sat., 7:30pm).

Animazement

A Raleigh event staple celebrating popular Japanese visual culture, Animazement takes over the Raleigh Convention Center all weekend. The convention attracts thousands of attendees and features a huge range of events, such as videos, cultural demos, fan and guest panels, J-pop/rock concerts, martial arts demos, craft classes, artists, vendors and more.

by: Kristen Baughman, Tabletop Media Group

Triangle has 2 of the healthiest housing markets in U.S.

We’re happy to publish this article telling us that the triangle’s housing market is strong.

Durham barely inched out Raleigh in a new study of the healthiest housing markets in the U.S. – both cities placed in the top 15.

The study, done by SmartAsset, measures each housing market by its stability, risk, fluidity (ease of sale) and affordability. Based on those primary factors, Durham was assigned a healthiest markets index score of 82.71, ranking No. 14 nationally, and Raleigh came in a shade under that at 81.21, taking the No. 15 spot.

Both cities performed among the top in the country in several metrics, including the average percentage of homes with negative equity in which both had less than 10 percent and the percentage of homes decreasing in value, both coming in around the 5 percent mark.

Nationwide, it was Texas that took the top two spots: Plano was No. 1 with a healthiest markets index score of 100, followed by Arlington, with 95.21.  Rounding out the top five were Grand Rapids, Michigan, with a score of 93.84; Pittsburgh (89.36) and Fremont, California (89.04).

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