Category Archives: North Carolina

Greenville Remains On June’s Improving Markets Index

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Good news for South Carolina real estate buyers and residents, Greenville remains this month on the list  of the  nation’s improving markets on the monthly NAHB/First American Improving Markets Index.

Improving economic conditions have resulted in payroll employment being down just 5.2 percent from its highest point set in February 2008. This number is also up 4 percent from its lowest point set in September 2009. Single family home permitting is also up 3.2 percent from its low point set in September 2010.

Greenville’s success has been due to the city’s ability to reinvent itself from a textile center into a growing center for automotives, healthcare and logistics. Greenville is a transportation hub for many trucking firms and distribution centers because of its prime I-85 location between Atlanta, GA and Charlotte, NC. Greenville is also home to two highly regarded and still growing major health systems. Plus, the city is home to the North American headquarters for Michelin and BMW as well as the Clemson University International Center for Automotive Research.

The Improving Marketing Index is a relatively new index unveiled by the National Association of Home Builders. It serves to draw attention to the fact that housing market are local, and that there are many metro areas where economic recovery is underway. The index measures monthly data on employment, single family housing permit growth and housing prices to determine whether or not a market is improving.

Florence, SC also made the June list, while the following North Carolina cities are on the list: Jacksonville, Burlington, Goldsboro, Greenville and Hickory.

Raleigh Makes 15 Hottest American Cities of the Future

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Which cities are being influenced by the next generation of hipsters, tech-savvy pros, artists or environmentalists? According to Business Insider, Raleigh is sixth on its 15 hottest American cities list of the future.

Job growth, population growth, demographics, affordability, livability and health of residents are all factors on this list. Also, how the city is innovating in terms of technology, sustainability and culture are considered in defining how a “cool” city attracts the young, creative types.

Raleigh attracts thousands of college students, families and immigrants with its many job prospects, safe communities, affordable housing and short commutes. As a result, Raleigh was ranked the number one city for business and careers by Forbes, with the fastest growing market in the U.S.

settling into Raleigh is easier than ever with a young, vibrant population and endless opportunities for employment. With major employers like Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo. Raleigh is the new high-tech and biotech hub with over 75,000 new jobs. Between the steady job growth and culture scene and the diverse population, Raleigh is the next future hot spot!

Cities such as Brooklyn, Seattle, Portland and Detroit are on the list of 15 hottest cities.

For a complete list of 15 hottest cities, visit Yahoo Finance. For more information on Carolina real estate, explore our site.

Raleigh’s Recent Population Growth and Job Opportunities Rise

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raleigh-aerialAlthough job opportunities are at an all time low, finding a job might be easier than you think. Relocating for new job opportunities is never easy, but now it may be worth it. Pack your suitcases and move to Raleigh for a new life, address and job.

With the city’s recent population growth, Raleigh is now fourth on Kiplinger’s list of eight cities with surprising job growth. Based on the U.S. Department’s labor projections, cities like Raleigh will outpace the nation’s seven percent job growth average between now and 2017.

Kiplinger’s analysis considers demographic trends and industry growth. They analyzed metro areas contain a population of at least one million people, and a track record of above-average population and job growth from the 2008 to 2009 recession.

The beautiful city of Raleigh is surprisingly beating nationwide economic instability. With approximately 75,000 new jobs, Raleigh has only a 7.4 percent unemployment rate. Major employers like Duke University, the University of North Carolina, IBM, Cisco, GlaxoSmithKline, Nortel, Verizon and Lenovo transforms Raleigh into a magnet for high-tech and biotech jobs. Raleigh is also home to many government jobs as well as thousands of private-sector jobs including the regional hub for the U.S. Environmental Protection Agency.

Other cities with rapid job growth include Nashville, San Antonio, Orlando, Portland, Oklahoma City, Phoenix and Atlanta.

For a complete list of eight cities with surprising job growth, visit Kiplinger. For more information on Carolina real estate, visit the website.

North Carolina Cities Make the 10 Fastest Growing U.S. Cities List

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According to the U.S. Census Bureau, Charlotte’s population has grown 64.6 percent between 2000 and 2010 making it one of the 10 fastest growing cities in America. Despite the recession and housing market, Charlotte has record population gains despite the national average of 10 percent population growth.

Initially recognized as a transportation center, Charlotte is now the “second largest financial center in the nation, after New York,” said Bob Morgan, president of the Charlotte Chamber of Commerce.

Jobs at big banks like Bank of America, Citi, Ally Financial, JPMorgan and Wells Fargo have helped the city grow tremendously.

Because of this population growth, there was an increase in demand of Charlotte new homes.

Another North Carolina city that has overcome the odds despite economic instability is Raleigh with a 63.4 percent growth between 2000 and 2010. Because of the high percent of population growth, there has been an increase in building Raleigh new homes.

Named after Sir Walter Raleigh who popularized tobacco use, the city of Raleigh once depended on the tobacco crop for economic success, but now Raleigh is known for its intellectual hub of many technology firms. These firms include Red Hat, an open source software company and Etix, a web-based ticketing company for sports, entertainment and travel.

For a complete list of the 10 fastest growing U.S. cities visit CNNMoney. For more information on Carolina real estate, visit the website.

Carolina Real Estate Agents Can Attend Specialized Training Course for Distressed Homeowners

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ToolsThe Charfen Institute is offering a Certified Distressed Property Designation course to provide agents the perfect tools, processes and education to help distressed homeowners avoid foreclosure. Due to a high demand for property education courses, North and South Carolina local area REALTOR® Associations will offer industry-leading Real Estate Short Sale courses.

The North Carolina Association of REALTORS® and Greensboro Regional REALTORS® Association will meet June 14 and 15 in Greensboro, N.C.. If you are in the Cary, area, the Raleigh Regional Association of REALTORS® will meet August and August 2. In addition, the Coastal Carolina Association of REALTORS® will meet in Myrte Beach, S.C. on August 7 and August 8.

This is an excellent opportunity for local real estate professionals to learn how to help homeowners facing financial hardships, while also earning their Certified Distressed Property Expert® (CDPE) Designation. Agents with this certification better understand homeowners’ circumstances and can better navigate foreclosure alternatives.

Since 2008, unemployment, underemployment figures and mortgage delinquency have been at a record high. Recent estimates show that more than one in five homeowners nationwide owe more on their home than it is currently worth.

To find out more about these events in the Carolinas and nationwide visit http://www.cdpe.com/schedule.

Struggling homeowners can get free assistance from a CDPE-designed rate estate agent in their area by visiting http://www.cdpe.com/find/cdpe. For more information on Carolina real estate, visit our website.