The pending home sales index rose 1.7% in November to 106.4, which is the highest level since April 2010. The index measures the number of contracts filed to buy homes. If you exclude the months that were bolstered by the homebuyer tax credit, which caused a spike in sales, this is the highest reading since February […]

 You have all probably begun the task of taking down the stockings, clearing out the boughs of holly, and sorting through endless toys needing batteries or sweaters one size too small. In the days immediately following the holidays, we tend to feel a sense of exhaustion, as opposed to that relaxed feeling one would get […]

Home prices have risen 4.3% in the past year, ending in October, according to the S&P Case-Shiller index. Home prices are being driven higher by rising demand, strong investor interest, a shrinking inventory of homes, and fewer foreclosed properties. The existing home inventory fell again in November to a 4.8 month supply according to the […]

In the wake of the holiday madness you may be on the lookout for a good family-friendly activity to keep everyone occupied (and out of the house)! The HighSchool OT.com Holiday Invitational Tournament has been a post-Christmas mainstay in Raleigh since 1972, when it began as an 8-team boys basketball tournament featuring high schools from […]

Existing home sales reached their highest levels in three years in November, according to reports from the National Association of Realtors on Thursday. Additionally, the inventory of homes for sale continued to shrink to a 4.8-month supply, which is the lowest level in more than seven years. A six-month supply is typically considered, by the […]

We wish you ALL the happiest of holidays! Click here to view the embedded video.

Coldwell Banker Howard Perry and Walston has partnered with Crabtree Valley Mall to offer filming of holiday cheer videos to send to friends and family, a service that will be free to mall patrons. Record a message of cheer, sing your favorite holiday song, or send your love to friends and family AND get some […]

Temporary waiver of 90-day ‘anti-flipping’ rule extended through 2014 By Ken Harney Good news for single-family home investors, rehabbers and buyers seeking to use low down payment FHA financing: The temporary waiver of FHA’s 90-day “anti-flipping” rule was extended last week through 2014. The waiver, which facilitates purchases of homes from sellers who have held […]

The number of Americans filing for unemployment fell for the fourth straight week; the Labor Department reported that weekly applications fell 29,000 last week to 343,000. That is the lowest number in two months, and the second lowest total in 2012. The numbers spiked in the aftermath of Superstorm Sandy, but have now returned to […]

Triangle area home sales were up nearly 25% year-over-year in November. The median sales price for the region was up 6.2% to $197,574 compared to $186,000 for the same month in the previous year. There were also at least four homes in Wake, Durham, and Orange counties that sold at a price in excess of […]