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Signs of New Life in Triangle Residential Real Estate
With interest rates at near-record lows and incentives such as a federal $8000 tax credit available for first-time home buyers, the Triangle area real estate market is showing signs of a rebound.
Data for May from the Raleigh Regional Association of Realtors show that pending sales, showings, monthly closings and average resale prices were the highest in six months. Meanwhile, the number of expired listings fell to the lowest totals seen in the same time period.
Statistics also showed some stabilization in home values.
http://www.metronc.com/article/?id=1940
US News and World Report Names City of Medicine Durham, NC one of the 2009 Best Places to Live!
Once a tobacco town, Durham, N.C., has evolved into a world-class center of all things advanced. This city of 206,000, located halfway between the Atlantic coast and the Great Smoky Mountains, is called the "City of Medicine" because of its expansive healthcare industry. And although widely known as the home of prestigious Duke University, it's also a thriving technology hub.
At the same time, Durham's mild climate allows residents to get out and explore the region's abundant outdoor attractions. Consider hiking one of the many distinct trails and greenways or heading over to the Durham Bulls Athletic Park for an afternoon baseball game.
http://www.usnews.com/articles/business/real-estate/2009/06/08/best-places-to-live-2009.html?PageNr=2
Raleigh and Cary make list of fastest growing U.S. cities
Raleigh and Cary were among the 10 fastest-growing cities in the nation last year, a new census release shows.
As of July 2008, Cary ranked third among cities with 100,000 people or more. Its growth rate of nearly 7 percent came in behind only New Orleans and Round Rock, Texas, near Austin. Raleigh ranked eighth, with a growth rate of 3.8 percent.
North Carolina joined Texas and California in claiming multiple spots in the top 10.
http://www.newsobserver.com/news/story/1590276.html