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In Raleigh, average home prices increased by one-half percent in April compared to April 2013. On a month-over-month basis, home prices increased by 0.6 percent in April 2014 compared to March 2014. Home prices throughout the US increased 2.1 percent over the March-April time period, and the triangle saw prices dip in the Durham-Chapel Hill region. CoreLogic has tracked the data for the region, which shows that in the Durham-Chapel Hill market, home prices increased by 4.1 percent in April compared to April last year. On a month-over-month basis, home prices decreased by 0.4 percent in April 2014 compared to the month before.

North Carolina remains an area that attracts a variety of age demographics, from students to young professionals, families to retirees. As the technology sector continues to grow, we are also seeing other career fields gain momentum. Other areas like Cary is showing that urban growth is outpacing suburban real estate, and the Raleigh-Cary area is one of 19 metros in the U.S. where population growth within city limits is outpacing growth in surrounding suburbs, says data featured Monday in an article on The Atlantic’s City Lab site.

Thinking of moving to Raleigh or another Triangle area?As home prices are at a standstill, now is the time to buy.

Triangle home sales increased 4 percent in May compared to the same period last year as the inventory of homes on the market continued to tick up. There were 8,048 homes for sale at the end of May in Durham, Johnston, Orange and Wake counties, a 5 percent increase from May 2013, according to Triangle Multiple Listing Services data. The number of new homes on the market jumped 16 percent while the number of existing homes for sale rose 3 percent.

As sales grow in the area, another interesting trend is cropping up: historically low inventory for the region has resulted in an increasingly competitive market. Of course, the inventory has slowed dramatically as many homeowners in Raleigh still fight to get afloat on mortgages that are underwater due to the housing crisis and severe drop in home values. Some owe more on their mortgage than their home is worth or are simply unsatisfied with what buyers are willing to pay, meaning they aren’t keen to list currently.

The average price of all the Research Triangle home sales that sold in May was $257,000, up 2 percent, according to MLS. The average price of existing homes that sold was $243,900, up 3 percent. Interesting in buying a home and moving to Raleigh? Home prices in Raleigh were up 5.4 percent in the first quarter compared with the same period a year ago, according to the Housing Price Index published by the Federal Housing Finance Agency. Durham-Chapel Hill home prices increased 5.3 percent over the same period.

As multi-family projects continue to gain popularity in Raleigh, a new 223-unit apartment complex is slated for downtown Raleigh that will begin construction this week. The six-story complex will be the second phase of Edison, an office and residential project that will occupy the entire city block bounded by Martin, Wilmington, Blount and Davie streets. NRP’s complex will be built adjacent to SkyHouse Raleigh, the $60 million, 23-story luxury apartment tower that is now under construction across Blount Street from City Market. SkyHouse is expected to open in December. NRP’s project is expected to open in December 2015.

This complex is a welcome addition to the downtown Raleigh area, as the recent years have shown a halt to the construction of new inventory in the region. After years of adding no new inventory, downtown Raleigh is now seeing a wave in new apartment construction. Last week, developers held a groundbreaking for The Lincoln, a 224-unit apartment complex that is to be built on a 2-acre block just east of Moore Square. Greystar Real Estate Partners is also now building a complex at the corner of Wilmington and Polk streets, just south of the headquarters of the North Carolina chapter of American Institute of Architects. If you are moving to Raleigh and wish to find a new construction apartment, there are plenty of new projects cropping up that will meet your needs.

According to recent study released by the US Conference of Mayors, the economy in Raleigh-Cary is ranked the second highest in the country, with predictions sharing that the economy will likely surge above four percent annually until 2020. Through 2020, Austin, Texas, Raleigh, and Fayetteville, Arkansas will be the three fastest-growing large metros, according to the study, which was compiled by economists at IHS Global Insight. Austin’s average annual percent change in real gross metro product growth through 2020 will be 4.4 percent, while Raleigh’s will be 4.3 percent and Fayetteville, Arkansas’ will be 4.2 percent.

Areas seeing the most growth are bundled in the South and West where the real estate market has fueled the economy. The study projects average economic growth rates among the 363 U.S. metro areas between 2013 and 2020 will be fastest in metro regions focusing on construction, energy, computer jobs and professional business services.

Are you moving to Raleigh and have specific concerns regarding what industries will fare better than others? The information and professional business services sectors will be some of the most critical sources of economic growth across each of these metros, as well as agriculture, construction and mining in Fayetteville, manufacturing in Raleigh and education/health services in Austin, according to the study, so manufacturing will grow significantly in the area, and Raleigh already has a large technology based sector.

According to a recent report by MarketWatch, Raleigh ranks as one of the top cities in the U.S. for highest employee retirement fund contribution rates, coming in 3rd following San Jose, CA and San Francisco, CA, and ahead of Houston, TX and Hartford, CT. The study, which focused on the 100 biggest metro areas, found wide variation from city to city in how much workers save in their 401(k)s, how much employers provide in matching contributions, and how many workers borrow from their plans. The California cities with high ranking are likely due to the tech industries anchored in Silicon Valley, and the Raleigh area is quickly becoming a tech hub on the East Coast.

If you are considering moving to Raleigh for work, it might be a great idea in terms of saving for retirement. Despite ranking lower than California, the cost of living in Raleigh is much more affordable, meaning that aside from higher retirement savings from an employee standpoint, you can also save more of your take home pay. It’s a win-win! The worst areas? El Paso, TX, McAllen, TX, Provo, UT, and Jackson, MS.

When it comes to cities in the US to start a business, the Raleigh metro is a top choice, ranking at number three. However, while it is a great location for entrepreneurs, it is also a place with plenty of legislation that can cause headaches to business owners. For example, where some states require five procedures to start a small business, in Raleigh, it takes thirty-three procedures, which can add up to an astronomical $198,000. This information was pulled from the U.S. Chamber of Commerce.

On the flip side, registering a business is less of a headache, and it only takes about eight days, to the tune of an additional $13,000. But you might wait over a month for construction permits to finalize, which can take around 39 days. You’ll have to go through about 13 different procedures, which can cost $13,000. The longer the uncertainty, the more it will continue to cost. Starting a business in Raleigh can certainly be tricky.

Of the top 10 cities for small businesses to get strong starts, Dallas, Texas ranks highest and New York City, New York ranks lowest.

A new apartment complex is coming to Raleigh, thanks to the NRP Group of Cleveland, Ohio, that has partnered up to create the Edison Apartments of Downtown Raleigh. The complex comes at a welcome time when the desire to live in Raleigh is at a high point for both existing residents and would-be residents. The complex is slated to be built on Blount Street in downtown Raleigh.

The Edison Apartments is slated to be a six-story tall apartment building with street-level retail that would be built in the shadows of the 23-story SkyHouse apartment building already under construction. It will be located on the north side of Davie Street between its intersections with Wilmington and Blount streets, with 239 apartment units and 18,683 square feet of retail space. Raleigh apartments are already very high in demand with a limited supply, so there is certainly a need for more residential spaces.

The NRP Group is known for building multi-family and low-income housing developments, but recent years have shown their interests shift more towards the market of luxury-style apartments in urban areas, such as downtown Raleigh.

This month, All My Sons Moving & Storage of Raleigh had the honor of helping with the Hoofin’ It for Hope Reins charity event. Hoofin’ It is a family-friendly 1-mile walk through the beautiful winding trails of North Raleigh’s Hope Reins with the goal to raise funds and hope for the kids and rescued horses served at the ranch.
Hope Reins of Raleigh is a non-profit ministry that offers hope and healing to children ages 5 to 18 that are struggling with life issues such as trauma, abuse, illness or live in an at-risk environment.

During this event, children were paired with a volunteer and a horse, or “angel in horsehair,” and many of these horses have been rescued from abuse as well. Together, the children, horses, and volunteers set out on a journey of trust, love, and healing.

All My Sons was honored to be a part of such a great cause!

The real estate blog Movoto has recently ranked Holly Springs and Cary in its top 10 list of most affordable places to live in North Carolina. The list was compiled based on a variety of factors such as median home price, adjusted median income, unemployment, and cost of living. The Town of Indian Trail near Charlotte topped the list.

Holly Springs came in at No. 7 on the list. The town has an adjusted median income of $79,439, according to the list. Although the cost of living ranked slightly higher than the national average, costs related to shopping and dining are extremely affordable. Moving to Holly Springs can be an extremely affordable move if you are coming from a large metropolitan area.

Cary ranked No. 9, tied with Clayton in Johnston County. The median household income in Cary is $89,542, and the town is known for being safe and for having good schools, the blog states. The cost of living is above average.

As the real estate trends continue to evolve and change, one new thing is certain in Cary: townhomes are currently the popular property. Cary and Apex accounted for 27 percent of the 1,741 townhouses started in the Triangle last year, according to town data and Metrostudy, a research firm that tracks trends in the Triangle. Large houses were the popular choice a few short years ago, and that has since given way to the new townhome trend. Moving to Cary means your chances are likely you’ll be moving into a townhome.

Townhome starts in the Triangle are up 62 percent from when the housing market bottomed out in mid-2011, Metrostudy reported. The two-year increases are partly due to townhouses in Cary and Apex. Cary approved 323 townhomes last year, up from 267 in 2011. Cary is on track to far exceed last year’s figures. The Town Council has already seen proposals for a total of 343 new townhomes so far this year. These Western Wake County areas are definitely leading the way in townhome creation.