Thursday, December 20, 2012
Tuesday, October 23, 2012
REMEMBER to vote for Pat Lawson for Soil and Water Supervisor!
Remember to vote for Pat Lawson for Soil and Water Supervisor! No body knows Wake County like Pat Lawson, your Tour Guide of not just Raleigh but all of Wake County!
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| English: Location of Raleigh, North Carolina within Wake County and within North Carolina, based off US Census Bureau data. (Photo credit: Wikipedia) |
Thursday, July 26, 2012
Wednesday, June 13, 2012
In the Top 10 Again!
Check it OUT! In the top ten Job Growth areas in the County!!
http://finance.yahoo.com/news/8-cities-with-surprising-job-growth.html?page=2
Raleigh, N.C.
Metro area population: 1.2 million
Current unemployment rate: 7.4%
Job growth next five years: 14%
Number of new jobs: 75,000
Raleigh and its environs will continue to be a magnet for high-tech and biotech job creation. Major employers adding the most jobs will be Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo. As the capital of a state with healthy finances, Raleigh will also steadily add government jobs. Moreover, it's a regional hub for the U.S. Environmental Protection Agency, supporting thousands of related private-sector jobs.
http://finance.yahoo.com/news/8-cities-with-surprising-job-growth.html?page=2
Raleigh, N.C.
Metro area population: 1.2 millionCurrent unemployment rate: 7.4%
Job growth next five years: 14%
Number of new jobs: 75,000
Raleigh and its environs will continue to be a magnet for high-tech and biotech job creation. Major employers adding the most jobs will be Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo. As the capital of a state with healthy finances, Raleigh will also steadily add government jobs. Moreover, it's a regional hub for the U.S. Environmental Protection Agency, supporting thousands of related private-sector jobs.
Thursday, May 3, 2012
The Market is on the Move!
The market is starting to open up and head North. I am seeing this all over the Triangle but especially inside the belt line. Those deals that have been sitting on the market for a year or longer are now under contract. Some of the condos in downtown Raleigh that were selling for $400 a SF in 2009 are now at at $250 a SF but not for long. I am starting to see a trend where prices are starting to inch upward. Those good deals that are still on the market are going under contract. If you are thinking of buying, the time is now! If you are thinking of selling it may be smart to hold off 6 months if you can. Either way call me today to discuss.
Check out this deal that just came on the market today at Founders Row. Totally renovated and very cool located next to Moore Square. Awesome place for $243,900. Call me today, Patrick Lawson -919-669-3937!
Wednesday, March 14, 2012
Breaking News! Home sales jump 35% in the Triangle!!!!!!
By David Bracken - dbracken@newsobserver.com
By David Bracken The News and Observer
Tags: home sales | Triangle MLS | Triangle real estate
Triangle home sales jumped 35 percent in February compared to the same period a year ago as the market showed increased signs of life ahead of the spring selling season.There were 1,204 homes sold in Durham, Johnston, Orange and Wake counties in February, data from Triangle Multiple Listing Services show. That’s the most homes sold in the month of February since 2008.
Pending sales were up 30 percent and showings increased 9 percent.
Sales activity in the early months of this year is expected to provide a better gauge of the overall health of the market because the influence of the federal homebuyer tax credits is waning.
The increase in sales activity is a sign that the balance of supply and demand may be finally coming into balance. The number of homes on the market has been falling for months, and was 26 percent lower in February than it was during the same period a year ago.
The Triangle’s housing inventory increased just 3 percent from January to February — a time in which traditionally many people put their homes up for sale. The region currently has an 8 month supply of homes on the market at current rate of sales.
The average selling price also continues to fall. The average price of all the homes that sold in February was $216,600, down about 9 percent from the same period four years ago.
Read more here: http://www.newsobserver.com/2012/03/14/1930946/triangle-home-sales-jump-35-percent.html#storylink=cpy
By David Bracken The News and Observer
Tags: home sales | Triangle MLS | Triangle real estate
Triangle home sales jumped 35 percent in February compared to the same period a year ago as the market showed increased signs of life ahead of the spring selling season.There were 1,204 homes sold in Durham, Johnston, Orange and Wake counties in February, data from Triangle Multiple Listing Services show. That’s the most homes sold in the month of February since 2008.
Pending sales were up 30 percent and showings increased 9 percent.
Sales activity in the early months of this year is expected to provide a better gauge of the overall health of the market because the influence of the federal homebuyer tax credits is waning.
The increase in sales activity is a sign that the balance of supply and demand may be finally coming into balance. The number of homes on the market has been falling for months, and was 26 percent lower in February than it was during the same period a year ago.
The Triangle’s housing inventory increased just 3 percent from January to February — a time in which traditionally many people put their homes up for sale. The region currently has an 8 month supply of homes on the market at current rate of sales.
The average selling price also continues to fall. The average price of all the homes that sold in February was $216,600, down about 9 percent from the same period four years ago.
Read more here: http://www.newsobserver.com/2012/03/14/1930946/triangle-home-sales-jump-35-percent.html#storylink=cpy
Thursday, February 16, 2012
New Construction in Downtown Raleigh!
Raleigh, NC is experiencing a surge in downtown construction as we enter 2012. Not to be confused or compared to 2009 or just a few years ago when growth rates were double digits and the where at least 8 skyscrapers (30+ stories) green lighted for the downtown area schedule to construction. All of these projects have been abandoned or on hold until our growth rate increase from the low single digits. Don’t misunderstand however, there a dramatic pick up in Residential home and multipel housing development inside the 440 belt line. Glenwood South will see three new construction projects, in fact these projects have already started. Two large apartment complexes with somewhere around 250 units each. These complexes are located just off Glenwood South on Boylan Ave. On St. Marys street they have broken ground on yet another new complex. At this time I am not sure if this will be a Condos or apartments complex, it will however be mixed use with commercial and residential property. Check back for an update.
On the corner of Oberlin and Clark in the historic shopping center of Cameron Village they have broken ground on yet another mix use apartment complex with somewhere around 150 units. This was to be a 12 story condo building but the place changed to apartments. This would be an ideal place to call home with incredible views of the Cameron Park and downtown area not to mention walking distance to anything you can imagine.
Downtown off of Moore Square in what was being called the Edison Building will be yet another 250 unit + apartment building mix use. This was to be a two separate buildings. A 33 and 44 story building but obviously the plans have changed. The current projext will be on the south end corner of Davie and Salisbury St.
Please check back for further updates or just give me a call. Patrick Lawson, 919-669-3937
On the corner of Oberlin and Clark in the historic shopping center of Cameron Village they have broken ground on yet another mix use apartment complex with somewhere around 150 units. This was to be a 12 story condo building but the place changed to apartments. This would be an ideal place to call home with incredible views of the Cameron Park and downtown area not to mention walking distance to anything you can imagine.
Image via Wikipedia
Please check back for further updates or just give me a call. Patrick Lawson, 919-669-3937
Thursday, February 9, 2012
More Good News for Raleigh, NC
Image via WikipediaHey all, the ship is starting to right itself. Just report by Inman News. Raleigh and Cary are on the raise. It was just reported that Raleigh and Cary are experiencing a gain in home values of more than seven percent. SEVEN PERCENT!! Do not miss this train. The RTP and the greater Raleigh area will be the first to take off when this economy starts to recover. My office is located in the Five Points area of Raleigh. As I drive and show property I see growth everywhere. There are four major projects that are coming out of the ground now that I am aware of and several more on the books. Clayton is on Fire!! I can personally tell you, that this was not happening at the same time last year in 2011. I am excited and I hope you are too. Call me, Pat Lawson, 919-669-3937!
Monday, February 6, 2012
Another Great Opportunity in Downtown Raleigh!
Hey Guys! I pointed out the great opportunity on 815 Whitaker Mill Rd and now it is gone! Someone got a winner there. Don't wait. Here is another. This one is more of a land deal on .76 acres on Capital Blvd. Rent the property and wait until the market rebounds. This is a bank owned property at 259K with a tax value of 412K. Hot Dog!
Tuesday, January 31, 2012
Should You Go It Alone When Buying from Home Builder? NOT
Do you know the sales person in the builder’s office or sales center generally do not have a Realtor License. Know why? Because that person works for the builder and not you! He or she does not have a fiduciary responsibility to work for you and does not have to do the right thing. Another words, they wont get their license taken away! Think about it, and the next time you want to go it alone ask the sales guy if he or she has a valid Real Estate License or better yet, give me a call at, 919-669-3937!
http://www.realtor.com/blogs/2011/02/21/should-you-go-it-alone-when-buying-from-home-builder/
Monday, January 30, 2012
Your Restaurant Review, LaVolta
As you know, as your Downtown Raleigh Tour Guide, I do my best to keep you fed and updated on all the good menus in the downtown area! On that note: A few friends of mine traveled in from the Apex area for a night of celebration as Chip was about to turn 40, and a celebratory dinner and possible bar crawl was in order. The travelers stayed at the Raleigh Marriott City Center hotel (a review for anther time). I suggested that we meet at LaVolta Restaurant just across the street from the Marriott for a few appetizers before hitting the crawl. Boy am I glad I did. We sat in the bar area with about 10 of us. We ordered appetizers and drank the special drink which was Sangria. This was bit pricy at 8 clams a glass, but the glass was big and concoction was fabulous. I personally only had one and had to switch to Bud Light drafts to keep my wits about me. This Italian restaurant reminded me of something you would find in NY or Chicago, a very warm and comfortable feeling. The owner, who I believe is from NY made you feel right at home and came to the bar area and said hello. The staff was great given my 9 rowdy friends. Food was fantastic (we only had apps.) and the Meatballs ($5.95, two gigantic homemade meatballs) and Bruschetta ($6.95) were to die for. As a tip to you from your Tour Guide, make sure you ask for some bread when ordering the meatballs, you will thank me latter. All in all, this was a fabuous place to start or possibly finish a great night out with friends.
http://lavoltarestaurant.com/menus.html
http://lavoltarestaurant.com/menus.html
Thursday, January 26, 2012
RATES STAY LOW - Prices will GO UP
Interesting article below. Rates will stay low for at least another year and half. I believe this will push prices higher as buyers can afford more and loan restriction start to ease. It is a great time to look at residential or commercial. Commercial prices are as low as $100 a SF for class A space. Don't wait, Call me today! 919-669-3937
Monetary policy - fed expects to
keep rates low through 2014
The Fed Meeting Adjourned today – the Fed’s Monetary Policy Statement language rang loudly this afternoon. Their Monetary stance now states that they expect to keep rates exceptionally low through late 2014. Their low rate commitment timeline has increased by a year. Treasuries reacted immediately to the news, with the 10 Year Yield dropping below 2%. Great news for Triangle housing and homeowners.
On to other news from today, Mortgage Applications slipped in volume for the week ending January 20th as Mortgage Rates inched up. The Mortgage Application Index showed a drop of five percent which was in sharp contrast to the twenty percent rise we saw last week.
According to the National Association of Realtors, pending home sales were down 3.5% in December – that decline was a bit more dramatic than expected. Good news though, in that year over year figures for pending sales data was up 5.6% for that same time frame.
Monetary policy - fed expects to
keep rates low through 2014
The Fed Meeting Adjourned today – the Fed’s Monetary Policy Statement language rang loudly this afternoon. Their Monetary stance now states that they expect to keep rates exceptionally low through late 2014. Their low rate commitment timeline has increased by a year. Treasuries reacted immediately to the news, with the 10 Year Yield dropping below 2%. Great news for Triangle housing and homeowners.
On to other news from today, Mortgage Applications slipped in volume for the week ending January 20th as Mortgage Rates inched up. The Mortgage Application Index showed a drop of five percent which was in sharp contrast to the twenty percent rise we saw last week.
According to the National Association of Realtors, pending home sales were down 3.5% in December – that decline was a bit more dramatic than expected. Good news though, in that year over year figures for pending sales data was up 5.6% for that same time frame.
Wednesday, January 25, 2012
Great Read on a Commercial Sale on Glenwood!
A fantastic article on some commercial sales on Glenwood by Amanda Jones Hoyle, Staff Writer - Triangle Business Journal
http://www.bizjournals.com/triangle/news/2012/01/20/glenwood-ave-office-building-bought.html
Love the last line:
New Boston Fund is thrilled to add Carolina Place to its Southeast portfolio,” Pryse Elam. The southeast regional director at New Boston Fund, said in the news release. “This acquisition will help to re-establish a presence for New Boston in the Raleigh-Durham market, one of the fastest-growing metropolitan regions in the country.”
Don’t wait call Patrick Lawson TODAY at, 919-669-3937
http://www.bizjournals.com/triangle/news/2012/01/20/glenwood-ave-office-building-bought.html
Love the last line:
New Boston Fund is thrilled to add Carolina Place to its Southeast portfolio,” Pryse Elam. The southeast regional director at New Boston Fund, said in the news release. “This acquisition will help to re-establish a presence for New Boston in the Raleigh-Durham market, one of the fastest-growing metropolitan regions in the country.”
Don’t wait call Patrick Lawson TODAY at, 919-669-3937
Another Bid Apt Building in Raleigh!
This makes over four, 250+ unit complexes this year! This could be a good sign of future growth in Raleigh. Don't wait Call Pat Lawason today at, 919-669-3937!
Latest from The Business Journal
Clarion Partners JV building $37M apartment complex in Raleigh
A new apartment community is planned for Brier Creek.
The Company said Monday that it has entered into a joint venture with The Residential Group LLC to develop The Crest at Brier Creek, a 291-unit upscale garden apartment community in Raleigh.
Site work began on the $37 million project earlier this month. The complex is expected to be finished by June 2013.
The apartments will offer a number of amenities, including a clubhouse, fitness center, pool and grill area.
Latest from The Business Journal
Clarion Partners JV building $37M apartment complex in Raleigh
A new apartment community is planned for Brier Creek.
The Company said Monday that it has entered into a joint venture with The Residential Group LLC to develop The Crest at Brier Creek, a 291-unit upscale garden apartment community in Raleigh.
Site work began on the $37 million project earlier this month. The complex is expected to be finished by June 2013.
The apartments will offer a number of amenities, including a clubhouse, fitness center, pool and grill area.
Wednesday, January 11, 2012
Keeping Rates low!
Great article on low rates:
http://www.cnbc.com/id/45956871
Speaking of which, check the bottom of this page for new rates. Still at 3.75% for a 30 year fix.
Patrick Lawson
http://www.cnbc.com/id/45956871
Speaking of which, check the bottom of this page for new rates. Still at 3.75% for a 30 year fix.
Patrick Lawson
Thursday, January 5, 2012
Raleigh office building sold for $15.4M
Things are starting to pick. Office buildings are a good sign of what is starting to happen. With this building off or Blueridge changing hands for a good price I suspect you will start to see others move. Don't wait call me today!
http://www.bizjournals.com/triangle/news/2012/01/04/raleigh-office-building-sold-for-154m.html
Patrick Lawson
Broker
Re/Max Preferred
Patricklawson@remax.net
Phone: 919-669-3937
Fax: 866-379-3225
http://www.bizjournals.com/triangle/news/2012/01/04/raleigh-office-building-sold-for-154m.html
Patrick Lawson
Broker
Re/Max Preferred
Patricklawson@remax.net
Phone: 919-669-3937
Fax: 866-379-3225
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