A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence before December 1, 2009.
www.trinityloftsdurhamnc.com
October 22, 2008
$8,000 Federal tax credit for home buyers available until December 1, 2009
June 13, 2009
US News & World Report selects Durham as one of its ‘Best Places to Live 2009′
U.S. News & World Report has selected Durham as one of the Best Places to Live 2009 in the United States as it looked at cities with ’strong economies, low living costs and plenty of fun things to do.”
“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.”
February 24, 2009
Durham area housing market among strongest in the nation
From the Triangle Business Journal: “The Triangle’s housing market continues to be among the best in the country in terms of prices, according to a new batch of federal data.
The Federal Housing Finance Agency says home prices in the Raleigh-Cary area increased by 2.96 percent in 2008. That ranks the Raleigh metropolitan area 18th best in the country. The Durham-Chapel Hill area also fared well, placing 28th with home-price growth of 2.15 percent for the 12 months ending Dec. 31.
For the full article, please click here.
February 6, 2009
“Durham, Raleigh rank high in keeping jobs”
From the Triangle Business Journal – an assessment of the relatively positive economy in our area: “Durham and Raleigh ranked in the top 15 in 2008 among major metropolitan areas in terms of keeping jobs, according to a new analysis. The analysis was performed by American City Business Journals, parent of Triangle Business Journal. It says that the nation’s major labor markets lost nearly 1.2 million jobs last year. The study focused on the 88 U.S. markets that have at least 250,000 nonfarm jobs. They collectively had 90.42 million jobs in December 2008, compared to 91.60 million at the end of 2007. That equaled a decline of 1.18 million. According to the report, Durham ranked 11th best among the metros, creating 1,700 jobs in 2008. Raleigh tied with Seattle for 15th by creating 200 jobs.” For the full article, please click here.
December 9, 2008
New York Times, Your Money: “It May Be Time To Think About Buying a House”
”Since prices generally soften in the winter, it may make sense to start looking seriously once the mercury bottoms out. “If you look at new developments next spring, you may not have the choice you thought you would have or be in the bargaining position you thought you would be,” Mr. Shepherdson said. Also, if you wait after June 30, you will miss out on a $7,500 federal tax credit for income-eligible first-time home buyers that works like an interest-free loan. Finally, allow yourself to consider how it would feel if you bought and then prices dropped another 10 or 15 percent. ” Click here for the rest of the piece in the New York Times Your Money section.
www.urbandurhamlofts.com
December 6, 2008
“The Not So Big House” and “Not So Big ReModeling,” by Sarah Susanka
Not that we don’t have plenty of space at Trinity Lofts, but Sarah Susanka’s now 10-year-old book The Not So Big House is philosophically what Trinity is all about: “a new way of thinking about what makes a place feel like home—characteristics that many people desire of their homes and their lives, but haven’t known how to verbalize”. The Not So Big House is reviewed in the most recent Forum for Urban Design semi-annual Urban Design Review. “Not So Big Remodeling” comes out in February. ”In the latest groundbreaking step Keep reading →
October 27, 2008
Join us for the Durham Art Walk, this Saturday & Sunday
And see these local artists Keep reading →
October 9, 2008
“Is it better to Buy or Rent?” A great online tool from the New York Times
On one hand, the economy is precarious. On the other, we live in a community that will grow in the long run, and in a period when home prices have softened and interest rates are decreasing. This online tool provides a precise look at whether renting or buying is a better value, and under what circumstances.
www.urbandurhamlofts.com
