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Recent data reported and shared by RE/MAX real estate company shows that the 2012 real estate period for the state of North Carolina was a positive one. The report shares the data of 50+ US metro markets, with national numbers showing rising median sales prices and a rising amount of volume moved for the year. The Durham movers are proud to share that two North Carolina cities were at the top of the sales volume charts: Raleigh and Charlotte.

In Raleigh, home sales rose 31% in 2012, which was the largest gain of all of the metros reported in the study. Median sales prices rose 1.5 percent according to Zillow. Experts expect Raleigh’s success to carry well into 2013, as it is one of the healthiest real estate markets in the country at the moment.

Charlotte posted a 4% rise in home prices in 2012, a 2.5 percent median sales price increase, and an 8% average sales price increase. Sales in the Charlotte area were up 17% over 2011. The Charlotte housing market is predicted to also have a great year with local real estate transactions in 2013.

Raleigh has received recognition lately for the strength of our real estate market, but no region at this point is immune to foreclosures. With that in mind, various outposts in the city of Raleigh have set up in person seminars and courses aimed to target homebuyers in avoiding and also managing the foreclosure process. One weapon everyone can use in the face of foreclosure is knowledge, which is what these counseling sessions aim to teach. Forget getting assistance on the phone, and open your mind to the idea of talking to someone face to face to help you through your real estate struggles.

Coming up this month, Bank of America will be hosting a three day counseling event that will provide struggling homeowners with real time solutions on how to face and fix their economic problems. This isn’t the first time these seminars have taken place, with bank insiders sharing that last year Bank of America held over 350 of these meetings.

The Raleigh movers want to see homeowners struggling with their mortgages take a proactive step at avoiding the horrific experience of foreclosure. Find out what you can do, whether its refinance, rebudget, or some other option, and begin taking the appropriate steps to getting yourself out of financial crisis. You can also browse government resources for avoiding foreclosure here.

2012 was a great year for many real estate metros throughout the US, with our own Raleigh-Durham metro posting at the top of the list. The report consists of data compiled by RE/MAX which examined areas like median prices and sales volume. The Durham movers had the #1 spot with the following data:

The Raleigh-Durham area showed a 31.3 percent gain over 2011 data in terms of home sales volume. The median home price also rose 1.5 percent over 2011. Population growth has been vital in the current state of the market, as Raleigh is one of the fastest growing cities in the United States. A thriving job market, fueled by the research triangle area and all of the technological advances that are booming right here in Raleigh. Check out the full list here.

New apartments are coming to the downtown Raleigh area according to a report on Biz Journals. Grubb Properties is taking over management of a multifamily project located in downtown Raleigh that was initially slated to be a mixed use hotel/retail space. The Raleigh movers have learned that the 202-unit building will be created into an apartment complex, rather than the initial hotel, office, and retail space the original plans had set forward.

The apartment complex is greatly anticipated on the heels of a recent report that listed Raleigh as a great city for renters, and also in conjunction with the low vacancy rate for existing Raleigh apartment buildings in the downtown area. We can’t wait to hear more about the project development and slated completion date, and we’ll be keeping you informed as well!

With a mixed variety of factors, such as drops in home prices, continued low interest rates for new mortgages and rental rates that still figure out to be less than a monthly mortgage, some cities are still a renter’s market rather than a buyer’s market. A recent report in the San Francisco gate held a list of twenty US cities and ranked them as the most-renter friendly in terms of financial advantage. The Greensboro movers find it to be no surprise that two North Carolina cities made the list.

Texas cities like Houston, San Antonio, Austin, and Dallas all ranked towards the bottom of the list. Denver, Oklahoma City. San Diego, San Jose, Orange County, and San Francisco all made the list as California cities that are better for renting versus owning. Seattle. Florida cities like Fort Lauderdale, Miami, Palm Beach County FL and Tampa placed as renter-friendly. North Carolina cities like Raleigh and Charlotte also ranked, with Raleigh placing at number 10.

You can view the full report here, with data on each metro.

According to a recent article published by Hispanic Business, the foreclosure rate in the state of North Carolina dropped at the end of 2012. The report, which pulls data from CoreLogic, states that the foreclosure rate for each metro in the state was down from figures in 2011. November marked the seventh month in a row where foreclosure filings were down from the comparative 2011 month. To break it down by region, the Durham movers have the 2011 & 2012 figures to compare:

Winston Salem 2011: 2.63 percent foreclosure, 2012: 2.08 percent

Greensboro 2011: 2.57 percent, 2012: 2.10 percent

Charlotte posted 2.82 percent in 2012, Raleigh had 1.64 percent, and Durham-Chapel Hill had 1.3 percent foreclosures.

The overall decrease in delinquent mortgages, foreclosure proceedings, and other troublesome elements of the real estate market are a positive sign for industry professionals going into 2013. The hopes are that the distressed property market, which has dragged down the local real estate market for many quarters, can finally run out and let other properties pick up in value and restore the market to how it was before the recession.

A new bar is coming to the Raleigh nightlife scene on New Year’s Eve, according to BizJournals.com. The bar, called Coglin’s Raleigh, will be located at 226 Fayetteville St., inside the Lumsden-Boone Building. The bar is the latest creation by the owners of Isaac Hunter’s Oak City Tavern at 112 Fayetteville Street. The Raleigh movers are excited to see commercial growth downtown and openings of new bars and businesses despite fears of the fiscal cliff and other financial woes.

The bar is named for Randy Coglin, a famous 1980s bartender, and the decor and drinks will pay homage to Coglin’s heydays of the 80s with cocktails named the Gordon Gecko and the Corey Feldman, among others.

A vacant downtown office building was purchased last week by a New York investor for $5.2 million, according to Wake County records. The 100,000 square foot, 11 story building has been a vacant tower for several years following a Wachovia merger back in 2003. The Raleigh movers have learned that the purchase is only the beginning of revitalizing the building, which will have to undergo asbestos and mold treatments, and also an interior demolition and rebuilding.

The current data for commercial space in Raleigh shows a 6.3 percent vacancy rate, lower than the county average of 13.6 percent. According to county records, the building, located at 227 Fayetteville, still holds a tax value of $7.2 million.

The early quarter of 2013 is likely to be stable and fixed in terms of mortgage interest. Currently, homeowners have been able to refinance their mortgages at a rate below 4 percent since the beginning of 2012. There’s good news–experts predict that the rates won’t change at the beginning of 2013. The end of 2012 is estimated to hold a 3.5 percent fixed mortgage rate. The Raleigh movers know that the Christmas shopping season will play a role in signifying to the Federal Reserve Bank about spending levels, and if they remain low (as they have in recent years), they will have to keep rates low.

The objective of the Federal Reserve Bank is to help banks lend mortgage seekers the funds to purchase a home with the correct interest rates. The lower the spending flow, the lower the interest rates. Inversely, an improved economy means higher interest rates.

A Durham apartment complex has been purchased by a Massachusetts investor, VTT Management, for $11.4 million. The Carver Pond apartment community is located at 4001 Meriwether Drive off of East Carver Street in the north area of Durham. The Raleigh movers have learned that the complex, which was built in 1998, is the seventh real estate purchase in North Carolina by the investors.

The apartment complex is a “garden style” complex, with amenities such as a swimming pool, clubhouse, fitness center, laundry room, and grilling areas. Carver Pond was one of the five buildings listed at the beginning of 2010 for foreclosure proceedings, as the past property owners had stopped making payments on the mortgage. The property has a tax value of $11.2 million.