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Cary, NC Real Estate News

By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
 I've spoken with Realtors and consumers from all over the country and not all communities are as lucky as ours.  Each year(for the last 41 years) the Triangle hosts the largest open house in North Carolina called the Parade of Homes. Starting this weekend the Home Builders Association of Wake County will be showing off the new homes this area has to offer. Over 300 new homes and condos in all price ranges across the area will be open for visitors. Although more of a reverse parade (where the entertainment stays put and the spectators do all the moving) viewing the properties is free. For the Triangle folks it could be a great opportunity to peek into the various latest and greatest kitchens, baths, and more. It is also a great opportunity for those of us that are truly proud of our are...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
A lot of people ask me about the Cary area.  If you are thinking about moving to Cary, NC and want more details on the neighborhoods and the history of the area this is the place to come.  Believe it or not, Cary is now the third-largest city in the Triangle and a part of the Raleigh-Cary MSA.  Cary's appeal is connected to its proximity to Research Triangle Park, but also its neat fit into the American dream of suburbia. Money magazine recently named Cary the Hottest Town in the East and one of the six best places to live in the country. It has the highest median household income in Wake County ($75,122), and more than two-thirds of Cary residents hold a college degree.Planning, planning and more planning is Cary's adage. It takes but one drive around Maynard Road, which circles Cary, ...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
Yup, the cliché is true: Buying a home is one of the smartest financial decisions most people will ever make. Don’t take my word for it. What do I know?  Take the Federal Reserve’s. Its Survey of Consumer Finances has consistently found a huge gap between the wealth piled up by homeowners and that accumulated by renters.  Average net worth of homeowners vs. renters Annual income Owners Renters $80,000 and up $451,200 $87,400 $50,000 to $79,999 $194,610 $25,000 $30,000 to $49,999 $126,500 $10,600 $16,000 to $29,999 $112,600 $4,240 Under $16,000 $73,000 $500 Source: VIP Forum, Federal Reserve BoardHome ownership builds wealth in two ways: through the “forced savings” of paying down a mortgage, and through appreciation -- the rise in the home’s value over time.The earlier you get in the ga...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
  Carolina Preserve™ by Del Webb® at Amberly, a new Active Adult Community is located in presitigous Cary, North Carolina.  Why live in Cary, NC? Cary has earned numerous awards for its high quality of life and has been rated the #1 place to live on the East Coast by Money Magazine It's ranked as the safest city in the South and the 6th safest out of 327 large cities in the nation Location, Location, Location that's why!!  It is located in th heart of the Triangle, adjacent to Research Triangle Park, and only minutes away from RDU International Airport, the state's capitial, and the  burgeoning theatre and arts community in Chapel Hill.  Carolina Preserve™ is located a short distance from some of the best healthcare in the nation including: Duke University Hospital in Durham ("The City ...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
Coming soon to the Triangle!! Martha's Stewart is teaming w/KB Homes to build Single Family Residential and townhomes in Cary, NC.  If you've followed Martha Stewart through the years you will know that she is a wizard when it comes to decorating, cooking, gardening and entertaining.  KB Home created a joint venture with Martha Stewart for a line of houses carrying her name that KB Homes has built and marketed. KB Home began selling the Martha Stewart designed homes in early 2006 in a development called Twin Lakes in Cary, N.C., a fast-growing, middle-market suburb of Raleigh. KB Home and Martha Stewart Living initially plan to build 650 houses. The homes are inspired by three of Ms. Stewart's own houses in New York and Maine, have names such as "Katonah" and "Lily Pond." The houses are...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
Reports of a sizzling housing market in the West Cary area are prompting would-be owners to take shortcuts or act impulsively - steps that REALTORS® say could have costly consequences. To help prepare buyers for competing in today's fast-moving real estate market, the Triangle Area Association of REALTORS® suggests 10 steps every prospective buyer should keep in mind as they search for their dream home. 1. Get Your Lender to "Pre-Approve" You as a Buyer.When lenders make a real estate loan, two entities - the buyer and the home - must each qualify for the mortgage. (There are thousands of loan products, so take time to shop around.) Make your offer to the seller as strong as possible by being a "pre-approved" buyer. Sellers favor buyers who are preapproved (not just "pre-qualified") bec...
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By Tracy Santrock, Raleigh - Cary Broker
(Santrock Realty Group Inc. ,)
In many regions across the United States home prices have been rising sharply, and media coverage has predicted a burst in the "so-called" housing market bubble. Are you are concerned about a possible real estate bubble in Cary? The National Association of Realtors Research Division recently conducted a home price analysis in the Raleigh-Cary MSA. The reports concluded that there was very little danger of a housing market bust in this region. In fact, the reports stated that local housing markets were in excellent shape with a potential for significant housing equity gains, particularly for homebuyers who plan to remain in their house for the long run. Additionally, local markets had very favorable home price-to-income ratios and even better mortgage servicing cost-to-income ratios. The...
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