Thursday, August 25, 2011

Good News, Bad News for Raleigh!

Can't believe it. There goes a piece of history!

Hotel to go up across from NCSU - Real Estate News - NewsObserver.com
www.newsobserver.com

A group of Raleigh developers and a Washington real estate firm have been selected to build a 125-room hotel on Hillsborough Street across from the N.C. State University Bell Tower. The hotel will replace a Raleigh landmark.

Monday, August 8, 2011

Very Good Intel Here!

http://money.cnn.com/2011/08/08/markets/bondcenter/treasuries_downgrade/index.htm?iid=HP_LN

"While a lower credit rating should increase the United States' borrowing costs, Treasury yields dropped Monday, the first day investors could react to Standard & Poor's downgrade of U.S. debt. That's because S&P's unprecedented move adds more uncertainty to the market, and greater uncertainty drives investors out of risky assets such as stocks and into perceived safe havens, including U.S. Treasuries. The yield on the benchmark 10-year Treasury note fell to 2.38% Monday morning from 2.56% late Friday. The yields on other Treasuries also retreated."


Dan Woodard
NMLS License #112511
Corporate Investors Mortgage Group, Inc.
1121 Situs Ct. Ste. 100
Raleigh, NC 27606
919.676.1111 ph.
919.676.6777 fax
dwoodard@cimginc.com
www.cimginc.com

Friday, August 5, 2011

HOLLY COW! Rates under 4%

Check out the 30 year fix at the bottom of this page.

Call me today!!!! 919-669-3937

Thursday, August 4, 2011

N.C. business taxes second lowest in country !!!!

North Carolina is a good place to do business – at least when it comes to taxes – according to a new study by the Council On State Taxation that puts the state in a three-way tie for the second lowest business tax burden in the country.

Business taxes made up 3.7 percent of the gross state product in North Carolina, Maryland and Delaware in 2010. The only state with a lower percentage was Connecticut, at 3.3 percent. Alaska claimed the top position, with business taxes making up 13.3 percent of that state’s gross product.

The study found that businesses paid $619 billion in total state and local taxes in 2010, for a national average of business taxes accounting for 5 percent of states’ gross products.

The study also found that corporate income tax collections were down 5.8 percent from 2009 to $44.1 billion, making up the lowest share of business taxes in the nine-year history of the study. The decline reflects the on-going effects of the recession on business profits, the report states.

The report was prepared by Ernst & Young LLP Ernst & Young LLP

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Follow this company for the council, which bills itself as a nonprofit trade association formed to promote equitable state and local taxation.

In related news, state tax collections in North Carolina were actually up earlier this year.

Don't wait, call me today, 919-669-3937

New restaurants popping up around Triangle

Can't beat Raleigh: Check out what is popping up in the Triangle:

http://www.bizjournals.com/triangle/news/2011/08/02/new-restaurants-popping-up-around.html