Great thing about doing loans for investors is that they send you cool stuff they find as well. This information is from an email that one of my newest investors found on Yahoo. Now, rates have gone up almost three quarters of a point on the thirty year fixed front in just 60 days. With rates up and Fortune magazine touting the bubble and the new buyers market Raleigh, N.C. This city is right in the middle of the region that appeals to what real estate market consultant Schleimer calls the "halfbacks." Those are people from northern states who moved to Florida, didn't like it and then moved back, but only halfway. The halfback region includes Georgia, the Carolinas, parts of Mississippi and Tennessee. The seasons are more like what they were used to up North, without the harsh winters, and they're closer to friends and family. John Burns Housing Cycle Barometer has Raleigh dead last on its list of markets that are susceptible to a housing bubble, and the NAR shows a healthy appreciation of 7.4 percent between 2004 and 2005. The median house price of $185,200 is well below the national average of $213,000, giving it nice room to grow. Fortune predicts the region will do just that, by about 5 percent per year over the next two years.
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One of the few times it great to be in last place! Scott So thanks Scott! And it wouldn't be a raleighloanguy post without a restaurant suggestion. If you are a halfbacker who wants to feel like they are back home in buffalo get the wings at the upperdeck in Cary on Harrison Avenue. Just ask for extra sauce, don't look at the sanitation ratings, and remember, its a sports bar.
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