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Raleigh Home Prices Predicted to Drop in 2012

According to a report by Clear Capital, a California-based valuation company, housing prices in Raleigh won’t be picking up in 2012. In fact, the company predicts that prices will actually continue to drop about 3 percent. In 2011, prices dropped 3.7 percent.

If the predictions come true, Raleigh could end up in the bottom part of the top 50 metro markets in America. Prices have sporadically dropped over the past six years. Here at the Raleigh movers, we wish not only for a residential real estate revival, but also for the corporate market to decrease in vacancy rate. Alas, only time will tell throughout 2012 if the real estate market succeeds in steady or increasing prices rather than falling into the predictions set by Clear Capital.

Raleigh Predicted to be Among Fastest Growing Cities Soon

Throughout the next decade, Housing Predictor has predicted that Raleigh will be among one of the fastest growing mature cities in the world. Currently, cities like London, New York, Paris and Tokyo make the list of 30 cities. When it comes to the numbers, however, much of the available commercial space in the world is right here in the US.

This is where Raleigh comes in. Experts say that over the next few years, 16 of the top 20 fastest growing mature cities will not only be in the US—and a few of them will be from the South. Austin, Texas and Raleigh, North Carolina are prime examples. Dallas and Houston are also notable Texas cities. When it comes to Raleigh, the technology, activities, and innovative tactics will ensure it a place among the top growing cities of America. The Raleigh movers are excited to see what changes and recognition will come our city’s way.

Residence Inn Coming to Downtown Raleigh

An extended-stay hotel is coming to downtown Raleigh, thanks to a local developer looking to enhance the downtown region. Summit Hospitality Group has secured the necessary finances to build a Residence Inn by Marriott directly across from the Raleigh Convention Center.

Downtown Raleigh has long needed substantial lodging for the many conferences and events held at the conference center. Currently, there are only about 1,000 rooms available downtown for visitors. With the addition of the Residence Inn, that number should increase by 500-700 rooms.

Here at the Raleigh commercial movers, we know that there are slight trends in the city that point towards the possibility of an economic revival. Occupancy in downtown buildings is now up almost 2 percent from a year prior, and the area is certainly staying busy. Hopefully the trends continue and the numbers only get better over time.

New Apartments Coming to Brier Creek

Raleigh’s Brier Creek area is getting a nice, new $37 million apartment complex which is set to being construction in the coming months and anticipated completion in June 2013.

The complex is set to be titled Crest at Brier Creek, and will contain almost 300 residential units. The complex is actually one of several new developments coming to the Raleigh area.

The Raleigh movers are no stranger to apartment living here in the Triangle area. Currently, there are about 100,000 apartment units here, with another 8,000 proposed in the region. Additionally, rental rates have seemingly risen with the number of available units–despite a increase in apartments, the vacancy rate is still at its lowest point this decade.

Apartment Sales Surge in Triangle Area

In the past year, 35 Triangle apartment complexes have been purchased by real estate investors. Numbers for 2011 were up 60 percent from 2010 and up an additional 238 percent from 2009. The question is if the investors purchasing these existing complexes actually have the funds to purchase these places, or if it’s a reenactment of the credit bubble that wrecked the housing market in recent times. The Raleigh movers hope that the economy strengthens and that the investors of these prominent buildings can manage the payments efficiently.

If you’re looking to move commercially to Raleigh, be sure to contact the Raleigh movers for the best corporate and commercial moving rates. See you in 2012!

The Need for Section 8 Housing Increases

In Raleigh, low income families are on a waiting list for the Housing Choice Voucher (also called Section 8), which assists these families in paying their rent. In Raleigh, the number of families on this list is in the thousands—in fact, the lists have been paused in Durham, Wake and Orange counties due to the overwhelming number of lottery participants.

To qualify for the program’s funding, the family must come in at under 50% of the median income in the area. Each federal funding group has local distribution centers which then possess a specific number of available financial aid packages. The Raleigh movers have learned there simply isn’t enough to go around.

The average time period for getting on the waitlist to receiving funding? About five years. The specific need now is for more roofs to put over these people’s heads. With housing authorities losing funding, there simply isn’t enough space to put those in need. Not helping the situation is the fact that rents in areas like Orange County and Chapel Hill are on the rise.

Raleigh Real Estate Still on the Rise

For the fifth month in a row, real estate sales in the Raleigh area surpassed those in 2010. The greater Triangle area, which encompasses 16 counties, saw positive developments in real estate sales and transactions.

In turn, new listings in the area were on the decrease, which is a great sign for the stability of the market. With less to be sold, the supply decreases—where the demand then increases. Also good news for the real estate market and local economy? The area ranks exceptionally well for affordability.

The Raleigh movers hope that the market continues to strengthen and that the local economy continues on the positive slope as well. Here’s to a promising 2012 in Raleigh!

Raleigh Movers and Coats for the Children

Your Raleigh professional movers happily participate in the annual Coats for the Children efforts which provide much needed clothing to kids in need during the winter months. The holiday season is almost over, but the winter months will not be moving out so soon, so why not get involved with Coats for the Children? Donations of everything from coats to gloves to socks will be accepted until December 31st, and your professional Raleigh area movers encourage everybody to pitch in for the cause. Coats for the Children is one of the most rewarding programs that your local residential movers in Raleigh are involved with and is definitely one of the most gratifying times of the year for us! Your movers here will even be picking up boxes and bags of donations from First Citizens Bank locations all throughout Wake County where contributions are still being accepted!

New Raleigh Real Estate Project

Downtown Raleigh will be getting a new shared work space, thanks to a Raleigh real estate developer. 3,000 square feet on Wilmington Street will act as a home base consisting of nine separate office suites priced under $700 each a month and offering a downtown address for budding entrepreneurs.

Included in the price? Internet, fax, and shared kitchen, lobby, shower and bike room areas.

The shared space also allows for close knit networking and referrals. The Raleigh movers think the Wilmoore Lofts will be a sure hit for the forward-thinking Raleigh area.

Single Family Homes v. Townhouses

Here at the Raleigh movers, we understand times they are a-changing. The American dream no longer consists of a two story home with a white picket fence–and really hasn’t for a while. These days, people seem more inclined to maximize smaller spaces and don’t really care for the maintenance that comes with a big private yard.

Enter: the townhouse. Once strictly seen in urban areas like Manhattan (or Brooklyn brownstones, for example), the townhouse is now a common element of city planning and neighborhood development. In Raleigh, we are no exception. People want the suburban safety without the acreage–the city living outside of the city.

In other countries, like throughout Europe and even in South America, townhomes are the norm. It isn’t to say families can’t afford single, free-standing homes–they just choose not to.

What do you think? Do you prefer the traditional suburban housing of a single home, or are you attracted to the community aspect of a townhome. As long as there aren’t paper thin walls between you and your neighbor, we don’t see the harm!