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Cumberland County has seen a surge in personal income to the rate of 5.5 percent, according to estimates released by the Federal Bureau of Economic Analysis. The Cumberland County metro is comprised of Fayetteville and also includes Hoke County, has a large military presence that has contributed to the area ranking at the third biggest personal income gain among all US metros. The Raleigh movers hope that the personal income gains not only sustain in the area, but continue to spread throughout the state.

Jacksonville, NC was in first for the state, followed by the Fayetteville metro. Durham-Chapel Hill ranked third within the state for per capita income, followed closely by Raleigh-Cary and finally Charlotte. The national reports show that this is the first time since 2007 that personal incomes rose in all of the 366 classified metro areas of the US. While the continued success will be a test for the state, the initial boost of individual incomes is a good sign for spending and consumer confidence.

Residential housing permits are on the rise in Wake County and Durham County, so much so that Wake County reported a 17 percent raise from September of 2011 in comparison to September of this year. The Home Builders Association of Raleigh Wake County has also stated that thus far for 2012, single family home permits and projects have brought the construction business to a total value of $1.28 billion in permits. The Raleigh movers know that along with these permits comes the need for manual labor and crews to get the jobs done–and the association estimates that 10,926 new jobs will arise from the projects in the region.

Wake County has also shown an increase in filings for commercial building projects. The current filings are about twice as many as the permits filed for the same time period of 2011. In Durham, commercial permits are slightly down from 2011’s figures.

South Durham’s Comfort Suites is set to undergo a $500,000 renovation as a new investor has taken ownership of the hotel and management of the 125-room complex. The hotel, located on Page Road in South Durham, was purchased by Blue Cougar Investments, managed by Interstate Hotels & Resorts of Arlington, VA. The company paid $5.6 million for the Comfort Suites Raleigh-Durham Airport location and will be revamping the 1997 born hotel.

The Raleigh movers have learned that despite a lower buying price, the property in its existing condition is valued at $7.1 million. The property will join the existing 16 properties managed by Interstate Hotels and is set to undergo renovations soon.

The Raleigh apartment complex known as Alta Oakridge senior housing has been purchased by a Washington area housing company called Capitol Seniors Housing from the previous owners at Wood Partners of Charlotte for the price of $24.25 million. The Raleigh movers have learned that the popularity of the apartments and housing developments in the Triangle have continued to grow in terms of value to investors and development companies.

Capitol Seniors Housing has followed suit of another recent purchase in the area, made by Health Care REIT of Ohio. That organization bought the Magnolia Glen retirement community and also the Abbotswood at Stonehenge senior living facility–both of which are located in Raleigh. The purchase for both was recorded at $80 million.

The third quarter of 2012 was a kind time for the Durham County real estate market. According to data pulled from the Triangle Multiple Listing Service (MLS), the third quarter of this year was a 17 percent rise in sales from the same time in 2011. The Raleigh movers are glad the local real estate market is gaining momentum, even when involving a slow month like September. 887 homes closed in the three month period, and the median sales price was $167,000, which is a two percent rise from the median price this time last year. The expanded regional area, including Durham county and also Orange, Wake, and Johnston counties experienced a 24 percent increase in closed sales.

Average sales came in around $239,000 in the last quarter when considering the four county area. Additionally, the amount of days spent on the market by homes for sale is shrinking–a positive sign for sellers. New construction permits are increasingly filed, another great sign that Raleigh may be headed in a healthy direction for the local real estate industry.

A Raleigh office building has been sold to a New York investment group for a cool $8 million, according to a recent write up in BizTimes. The building has a high occupancy rate and encompasses five floors on Wycliff Road with a total of 173,305 square feet. Wycliff Ventures sold the property to the New York Group, the Raleigh movers have learned.

The building has been a long standing office area in Raleigh, and the construction dates it back to 1970 before remodels took place in 1996 and 2007. Some of the current tenants in the building include Hewlett Packard and Computer Sciences Corp. There is no word yet if the new owners have plans to remodel or change any of the existing features of the complex.

A new data center is set to be built in Durham, thanks to an expansion from Sentinel Data Centers, and it will be the first multi-tenant data center building in the region. If all goes on track, the building will be available for occupancy at the beginning of next year.

The 120,000 data center will be constructed in a former manufacturing plant in Durham and is tentatively set to be called Sentinel NC-1. If the first phase goes well, there will be an expansion of about 200,000 additional square feet. The Raleigh movers have learned that Durham County commissioners gave a monetary stipend of $800,000 to help fund the construction efforts.

Recently, the downtown Sheraton hotel was sold to Oaktree Capital Management and Northview Hotel Group from the Gencom Group of Miami, who has owned the 353-room hotel since 2006. The Raleigh movers have heard the new owners plan to do significant work on the property, including upgrading hotel restaurants, updating the lobby, and much more. The new owners feel the Raleigh property has a lot of potential and will benefit from strategic renovations. This sale now means that two of the four major downtown hotels will be updated and renovated in the next year.

The Raleigh market is an interesting one for investors, who feel that the area draws unique clientele and people from all over. The corporate feel is here, the students are here, the innovators are here. Updating the existing Sheraton will only serve to provide the area with more modern lodging and encourage more tourists to come through the area.

Recent data compiled by the Triangle Multiple Listings Services show that the historically inconsistent real estate market is posting positive numbers and gaining momentum as current data shows this past August was 26 percent higher than sales in August 2011. Pending sales were up 22 percent, and the average number of days that available homes spent on the market went down by a dozen days, bringing the current amount of time to 110 days on average.

Additionally, the amount of homes for sale in Durham, Orange, Johnston, and Wake counties has decreased in terms of inventory. Figures posted from this past month show a decrease in homes for sale by a whopping 22 percent. The Raleigh movers are sure that if this continues through the upcoming months there will certainly be a hike in home values as the market spreads thinner and less is available to buy. Additionally, homes are garnering multiple bids by a variety of potential buyers, which is something the market has not seen in quite a while.

A national historic landmark located on land owned by the family trust of Charles William Gaddy is the house under question as a developer is proposing the addition of a new apartment complex on the mostly undeveloped stretch along Wake Forest Road. The project up for decision would be a 243 unit apartment complex that would encompass nearly 15 acres.

The Raleigh movers have learned the tentative name for the facility would be the Jones Grant Apartments. The idea for the project is nothing new, as the plans were proposed about four years ago and two similar structures have been erected nearby. The plan has restricted the proposed complex to five stories maximum and clauses that prohibit additional development are fiercely tied to the proposal.

The builders want to assure locals, family, and historians that they are not looking to tear down the property that currently exists on the land, but they would like to relocate it.