Archive for the ‘current events’ Category

While some parts of the country are subject to decreasing numbers of foreclosures, Raleigh is a city that has had the opposite luck. The Raleigh movers have learned that Raleigh is among five U.S. markets with the highest amount of foreclosures in the pipe. Other areas that are struggling include Pittsburgh, Philadelphia, Virginia Beach, and Indianapolis.

The residential division of real estate has been hit the hardest with foreclosures, and that combined with the decreasing value of homes is a dangerous mix for the real estate sector in the Research Triangle area. While some areas actually saw foreclosure decline—such as Portland, Las Vegas and Salt Lake City, Raleigh is certainly on a troubling side of the foreclosure statistics.

Local Raleigh real estate company Showhomes Raleigh has taken the market by storm, helping homeowners to stage vacant homes up for sale and maintaining properties while they are on the market. Many people overlook the value of home staging and the relation that home buyers make to what they envision the home to look like. The Raleigh movers have learned that the company hopes to revive the local real estate market and move homes that have been stagnant.

Partnering with a company that can stage your home is a win-win for the seller and for the realtor. Home stagers offer a third party perspective on what a potential buyer will see when they walk in to your property.

The Showhomes Raleigh brand was recognized recently in Orlando, FL with a Circle of Excellence Award for its quick impact on the Raleigh real estate industry.

The Triangle Town Center is having trouble selling commercial space, much to a different tune than nearby Durham and Raleigh shopping centers. The Town Center is behind projected estimates for the complex which have it priced at $287 per square foot as recently as 2011. That’s considerably low in comparison to Raleigh’s Crabtree Valley Mall, where average stores are renting for $665 per square foot. But, for some reason, the buyers aren’t biting.

The Raleigh movers are curious as to why the town center has yet to fill out or even hit a decent number of tenants. Perhaps it’s priced too low, if there is such a thing? Speak out & share your thoughts!

The city of Raleigh is undergoing a few changes in regards to the rental industry. Currently, the city runs with a Probationary Rental Occupancy Permit, which can fine landlords (or their tenants) if there are too many noise violations associated with an address. This potential change comes on the end of several noise complaints and parties into the wee hours in Raleigh’s college neighborhoods.

Further, landlords will be penalized if their tenants are fined or found for prostitution, possessing stolen goods, possessing/consuming malt beverages, sale of machine guns, gambling, and several other incidents. How fair is it to penalize landlords if a seemingly good citizen tenant turns out not to be such?

The Raleigh movers want to know your thoughts–landlords, tenants, what do you think? Would you be less inclined to purchase a home for investment and rental use if you were at risk for these implications?

According to reports, Raleigh is advanced beyond cities throughout the US in its technology endeavors, including mobile apps. The city has created everything from SeeClickFix app to report pot holes and other city problems, as well as the sex offender app that alerts you of nearby reported sex offenders in the area. Bus routes, happy hours, cab companies–all are accessible by Raleigh apps!

Aside from the app market, the real estate market is worth noting too. Raleigh movers are happy to share that our city is a “one to watch” in 2012, and single family home prices are on the rise. If you’re looking to move to Raleigh, we suggest you strike while the iron is hot and consider a move sooner rather than later.

In January, reports showed that the housing market in Raleigh’s research triangle showed improvement. Sales, pending sales, and showings were all better than the reported numbers for January 2011. However, not all the news is positive–selling prices are down 7% from 2011, and over half of the sales that were made involved negotiations on the part of the seller, such as paying the buyer’s closing costs.

The average sale price was just under $220,000. About 930 homes were sold throughout Durham, Johnston, Orange and Wake counties. Pending sales were up 30 percent, and sales up 10 percent.

The Raleigh movers are hopeful that February’s numbers show the positive trends continuing.

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.

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.

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!

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.