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A new housing development in the Raleigh area has a specific focus in mind–bringing available housing to homeless veterans. The development aims to provide a place for military veterans that have fallen on hard times and need assistance with securing a residence. The new complex is located on Sunnybrook Road and will consist of 10 apartments. Each unit will have a bedroom, bathroom, laundry room and kitchen/living area. The Durham local movers have found that the aim of the community is to get veterans back on their feet and help them find a job.

Wake Forest’s Ladies of Valor group has also taken the initiative to stock the kitchens and bathrooms with supplies, as well as making quilts for each of the apartments and their residents. The apartments are located near the Raleigh Veterans’ Affairs Clinic so that the vets will have easy access to appointments and other services.


There is a charming bed and breakfast available for purchase in downtown Raleigh, as longtime owners Gary and Doris Jurkiewicz have decided to retire after operating the inn for about 12 years. The home, however, has a much longer history. Built in 1871, the house was renovated and converted into a B&B in the 1980s. Currently, it is the only B&B in downtown Raleigh and has been hosting tourists and people passing through for decades. The home encompasses 4,155 square feet and is listed for sale for $785,000.

The Raleigh local movers have found that the listing price is only for the property, and that the business entity is a separate, yet undecided, cost. The current owners are still finalizing the price for that. Located at 411 N. Oakwood Inn, the building is also registered with the National Register of Historic Places as the Rayor-Stronach House.


Apartments.com recently released their list of the top 10 cities for recently graduated young people to live, work, and play in. The Durham local movers are proud to say Raleigh made the 10 city list! With a wide range of criteria taken into account for 100 cities nationwide, the Apartments.com team came to this final list:

1. Phoenix, AZ

2. Orlando, FL

3. San Antonio, TX

4. Columbus, OH

5. Austin, TX

6. Raleigh, NC

7. Oklahoma City, OK

8. Fort Worth, TX

9. Dallas, TX

10. Minneapolis, MN

Various factors like rental cost, job availability, average salary, unemployment, median age of residents, singles, and more were calculated and compared to find the best places for young people to move to upon graduating.

 


US Home Prices are varying throughout the country, and one of the markets slowest to gain in real estate pricing is Fayetteville, North Carolina. On average, prices rose 12.1 percent in April 2013 over April 2012, which was the biggest growth since February 2006. Sales were at their peak in 2006, since which they have slowly decreased and leveled off. The home prices in Fayetteville are reportedly growing at a rate of 3 percent over the short and long term. The Fayetteville local movers have found that the number of home sales is up from last year, strengthening the faith in the local market by industry professionals.

More people are looking to purchase a home throughout North Carolina, including in and around Fayetteville. Inventory is dropping, and we are currently at a supply 14 percent below the 2012 supply. Potentially this continued demand could drive prices up at a quicker rate- thought for now it is still uncertain.


Despite a halt in wage growth, the real estate listing prices for property in the Research Triangle are continually growing. In fact, they are surging! Compared to April 2012, April 2013 prices are up 12.1 percent throughout the country, and here in the Raleigh-Cary metro market prices increased 4.4 percent, while neighboring Durham-Chapel Hill saw prices climb 5.3 percent. The Chapel Hill local movers have found that a huge factor in the home price game is with investors. The Triangle has long attracted investors due to its affordable housing and technological advances. Now, the region is seeing all cash buyer at a whopping 20 percent and a large market of homeowners buying multiple properties and flipping them as rentals or for sale.

In contradiction of the rising house prices, we notice that wages in the region have remained as is. Sustained prices for employees will make it difficult to buy the houses as they appreciate in cost and value. Real estate insiders hope that prices don’t inflate to the outrageous levels of 2006, as they ultimately crippled the market.


A developer here in Raleigh has plans to build a new affordable housing complex after purchasing seven acres of land in the region. Carolina Project Equities purchased the parcel of land for $1.9 million, which is located next to the Forestville Crossing Shopping Center on the northeast end of town on U.S. 401. The Raleigh commercial movers have learned that the plans call for an 80-unit apartment community that will be comprised of four buildings and a clubhouse.

The project is made possible thanks to a federal tax credit grant that approved the construction of 42 affordable housing projects in North Carolina from the NC Housing Finance Agency and the NC Federal Tax Reform Allocation Committee. The affordable housing is determined by a set median income. In Wake County, that median is $47,940 for a family of four.


The Raleigh and overall Wake County area has gotten a little more tech-specific with the help of a new City of Raleigh Maps App that allows users to access building photographs, deed information and civil service data through a smart phone or mobile device. The app falls under the iMAPS design and aims to provide residents and visitors with property information, real estate ID numbers, property ID numbers and more. The Raleigh local movers have learned that other factors, such as zoning, soils, greenways and topography can also be browsed via this City of Raleigh Maps app.  You can even search for parks, museums, schools, and other places of interest through the dedicated iMAPS server.

The app is free in the Apple and Google app stores and is set to be a vital tool for local individuals and businesses as they need relevant information to properties and other buildings throughout Wake County. The iMAPS feature can also be accessed through the city’s official website here.


The new Citirx building of downtown Raleigh may need expansion before the building is even finished. According to reports in Business Journal, the developers of the Citrix building are in works to get a phase 2 building development approved that would allow the construction of two additional floors of office space—to the tune of 39,346 square feet on top of the initially proposed 126,646 square feet. The Raleigh commercial movers have found the property, which is located at 120 S. West Street, would create enough office space for an additional 150 employees in the Citrix building, which is a renovated warehouse already existing in Raleigh. This would bring the predicted employment boost of 487 new employment positions that Citrix initially estimated when the project began.

The need for initial expansion is a positive one to the developers, who find it comforting that the confidence Citrix has in the region for business development is strong enough to encourage expansion this early on in the project. Citrix, which is based in Santa Clara, CA, has been steadily growing their local operations in Raleigh since acquiring ShareFile in 2011.


An apartment located in North Raleigh has been sold to a Canadian real estate investment firm for $55.6 million, according to Wake County property records. The complex, Perry Point, was a deal sponsored by Pearlmark Real Estate Partners of Chicago, and their sponsored fund paid $50.1 million for the complex. The new owners of the complex are Morguard North American Residential Real Estate Investment Trust of Ontario, and this development marks the second apartment complex in the Research Triangle that they have acquired from Pearlmark. The North Raleigh movers have found that the 432-unit complex is the second part of a six-property portfolio that Morguard has acquired from Pearlmark for $218 million.

The remaining deal between the two lenders is another six apartment complexes. It is unclear which properties will be transitioned over, but it is likely the remaining deals will be underway soon with a close date of June 2013 for all remaining property transfers. The Perry Point complex is almost at full occupancy and it was built in 2009. It is located off of Capital Boulevard and I-540.


The downtown Raleigh area has consistently undergone fix-ups and remodels, and that effort to freshen the downtown scene continues with a vacant apartment complex near Moore Square that is poised to become a new and modern apartment complex called The Lincoln with 224 individually leased units. In addition to the apartment units, the development would also spur the creation of a parking garage with 321 spaces, a pool, and additional amenities. This development is particularly progressive for Raleigh as the complex previously planned went bankrupt during the recession and was a constant eyesore and reminder of the tough times not so far in the area’s past.

While no specific plans are in place, the Raleigh local movers know that the property is undeveloped land owned by the previous developer, whose company filed for bankruptcy in 2009. The existing debate on the development lies in the surrounding property of the proposed Lincoln project—which has traditionally been low income and affordable housing. Another issue for discussion is that the exact funding for the residential development has not been determined. Currently there are 1,202 apartment units under construction in downtown Raleigh and an additional 1,500 units are under review for approval.