Tag Archives: wake county

Triangle homes selling at ‘historically’ rapid rate

Home sales in the Triangle’s 16-county region were up nearly 4 percent in October, and the median sales price is 8 percent above the same time period last year. Meanwhile, the average number of days a home stays on the market sunk 10 percent to 44 on the year, compared to 49 at this point in 2016, according to Triangle Multiple Listing Service.

In a separate report for the month of October, appraiser Stacey Anfindsen found that within the four core counties of Wake, Orange, Durham and Chatham, a house stayed on the market for an average of just 36 days.

“That’s historically low,” says Anfindsen, whose publication is titled the Triangle Area Residential Realty report. “It’s gone down in increments. We’re kind of at the bottom of that now.”

While homebuyers are snapping up houses at record rates, housing supply also continues to narrow. In October, the Triangle’s four core counties had an average of two months of housing inventory available. Typically, market equilibrium for inventory is considered to be about 6 months of supply.

In particular, inventory is low for homes under $400,000, and that can stifle sales, Anfindsen says. These trends aren’t new – it’s been this way for the last two years. And they seem to be holding across the board for each of the Triangle’s core counties.

The story is slightly different in Wake County, where home sales inched up 1.5 percent in October and 2.5 percent on the year. Still, the median sale price is up 8.8 percent, at $284,000. In Orange County, home sales are more sluggish. They are down 2 percent on the year, and the median home price dipped slightly, by 0.3 percent, to $306,000.

By , Triangle Business Journal

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Community Graduations Ceremonies

Happy Graduation! Congratulations to the Class of 2017! We are proud of our graduates!

Hope this bit of information helps those who are attending!

Graduation day is a roller coaster of emotions for grads and their families alike. It’s a moment of celebration, achievement, and hope for the future and reflection on the past. May you always keep learning, growing, and realizing the best in yourself.

Community Graduations
Most graduation ceremonies will occur at the Raleigh Convention Center and the Duke Energy Center for the Performing Arts in downtown Raleigh.

Check the Graduation Schedule calendar below to find out when and where your friend or loved one will be turning his or her tassel.

Livestream links will be available approximately 15 minutes before each ceremony on this Twitter account, @WCPSS

General Tips and Information for Families

  • Plan ahead. Students must be in place at least one hour before the ceremony starts. Allow significant time for traffic and parking.
  • Carpool. Share a ride from home or school and save on gas and parking.
  • Bring a City of Raleigh parking map.
  • Practice patience and watch for pedestrians. Thousands of students and patrons of other events will be on sidewalks and crosswalks. Pedestrians should observe crossing signals to stay safe.

Curbside Assistance

  • The parking spaces located along McDowell Street adjacent to the Raleigh Convention Center under the ‘Shimmer Wall’ will be reserved for passenger drop-off for the duration of the graduation schedule.
  • Golf carts will be available at the drop-off area and nearby parking garages to transport anyone with difficulty walking long distances to the doors of the Convention Center.

Traffic Alerts
WCPSS will post notifications of any traffic concerns via social media.

Concurrent Downtown Events

  • Concerts, street fairs, road races and other special events are likely to be happening nearby, especially over the weekend. Check here for updates on these events and how they might affect traffic and parking.

Please allow ample time to anticipate traffic congestion, parking issues, walking to the venue and finding your seat.

by: Marguerite Greene, right here in Apex

Survey finds Raleigh appealing for new grads looking for jobs

For recent graduates looking for a place to start their careers, the Triangle has a potent combination of good salaries and reasonable rents, according to a new survey.

Indeed.com and Trulia.com teamed up to take a look at markets that combined strong job opportunities and reasonable costs for housing. That’s a critical combinations for graduates, who don’t want to see their first pay checks disappear when the rent is due.

Some markets, such as San Jose and Washington, D.C., promise high salaries but also have extremely high rents.

That’s not the case in the Raleigh, Durham and Chapel Hill area, where rental listings on Trulia.com and job postings on Indeed.com looked promising for those starting their careers.

The survey looked at rental costs and also availability of jobs likely to attract recent graduates.

Money crunched the numbers of the top markets and then ranked them by salaries for new graduates. Yahoo’s survey ranked the Triangle No. 15 overall, with graduates making an average of $2,581 a month. That’s not a bad start in a market where Trulia said 9.8 percent of listings in Raleigh and 7.3 percent of listings in Durham-Chapel Hill were affordable.

Money ranked Houston No. 1 ($3,188), followed by Dallas at No. 2 ($2,925)

by: Dane Huffman, Triangle Business Journal