The article is worth reviewing if for anything it reigns in a great deal of optimism for our current market and area. 

A quote from the article includes “The question now is whether the Triangle’s relative health compared to other markets will translate into a quicker recovery.

From a builder standpoint, the healthiest markets are ones where the issuing of new building permits is on the rise.

 After falling dramatically in 2009, the Triangle saw permit activity recover somewhat last year.”

 Scott Lerew, Broker and Realtor of the Lerew Brother’s, Wake Forest North Carolina realtors suggests that if you prefer to read more go to the link below.

Read the Article in its entirity

 If you have any questions or wish to discuss your selling or buying options contact Scott Lerew, Broker and Realtor of the Lerew Brother’s, Wake Forest North Carolina realtors at (919) 435-4320 or email at scott@lerewbrothers.com

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If you are a first-time home buyer, you may be eligible for

• a competitive interest rate mortgage
• down payment assistance up to $8,000.

If you qualify, you may be eligible for a Mortgage Credit Certificate (MCC). This federal tax credit can lower your income-tax liability, dollar-for-dollar, leaving you more money to use toward your mortgage.

Learn more from the Lerew brothers, Wake Forest, NC Brokers and Realtors serving the Wake Forest and surrounding areas in and around Wake and Franklin County North Carolina by clicking on the following link 

 Click Here to Learn More Now 

Give Scott Lerew a call at (919) 435-4320 and he can get you to the right lender experienced and prepared to guide you through the process. 

If you would like to speak with an experienced lender, please contact Mike Taylor, Primary Residential at mitaylor@Primeres.com or by phone 919-256-3131 direct

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The Lerew Brothers, Wake Forest, North Carolina, Brokers and Realtors are cautiously optimistic as this article shows that activity is on the rise and we are moving forward with a positive momentum.

The article was written and posted on Wednesday, Jan. 19, 2011

Title – “Building permits surge in Wake Forest”  Single-family residential permits were up 86% in 2010.

Written by Chelsea Kellner – Staff Writer

After hitting a 14-year low in 2009, Wake Forest saw an unexpected boom in the number of new residential building permits issued last year – nearly twice as many as the year before.

“It means a lot for us, because it shows that people are starting to build again,” said Chad Sary, assistant planning director. “It shows that we are still growing, even in the recession.”

That increase is mirrored by the area overall. December numbers are not yet available, and building levels vary by month and by community, but Wake County saw more than 300 more new residential building permits issued from January through November 2010 than in those months in 2009.

Officials are cautious about speculating on the cause of the uptick.

In Wake Forest, buyers and builders are learning to work within the new economy, Sary said, with homes being built to order rather than on a speculative basis.

Suzanne Harris, vice president of governmental affairs for the Home Builders Association of Raleigh-Wake County, sees a mood of cautious optimism among builders, though development is unlikely to see a significant recovery until lending for buyers picks back up.

“Obviously everyone was hoping things would be farther along than they are now, but I don’t think anyone foresees it getting any worse,” Harris said.

Officials warn against reading too much into building permit numbers, however.

“The numbers only mean what they are,” said Russ Overton, inspections and permits director for the town of Cary. “It’s a current indicator of what’s going on at the time, not a predictor of any sort.”

In Cary, 2010 single-family residential building permit numbers were down 93 from 2009 – but that’s not necessarily a bad sign, Overton said.

The most important factor to consider is new development plans.

“What’s changed is that people are not building as many new houses, but we probably have more than ever building on existing houses,” Overton said.

In Wake Forest, the town issued just 212 permits in 2009. That grew to 394 in 2010.

That’s nowhere near the numbers at the height of the boom in 2005, when town officials issued more than 1,000 residential building permits.

However, 2010′s numbers are nearly equal to the 399 permits issued in 2000 at the midpoint of Wake Forest’s two-decade population explosion – when the town had already doubled its number of residents and was gearing up to do so again.

Sary doesn’t expect numbers to return to pre-recession levels soon, if ever. But it’s the first reversal of a five-year downward trend.

Many of the new permits are being issued to finish filling up developments approved by the Town Council years ago. The town has close to 3,000 potential units that have not started construction, Sary said.

The area seeing the largest amount of growth – 226 permits, more than half the total – is the Heritage neighborhood in the southeast section of town.

The largest number of those permits went to Terramor Homes, which has been building there since January 2009.

The company chose to begin building there despite the recession after pinpointing Wake Forest as a location likely to do well through the downturn, with its combination of amenities and small-town feel, Chief Operation Officer Michelle Simms said.

In contrast to the residential boost, nonresidential building permits saw only a modest increase, from 78 in 2009 to 88 in 2010.

The important thing is the kinds of nonresidential construction taking place, Sary said. Larger grocery stores, including the town’s second Harris Teeter, and national chains like The Olive Garden signal continued expansion, are a reason to hope.

“They’re not going to build for no reason – when they build stores, they’ve done their homework and anticipate from market studies that they’re going to get customers,” Sary said.

Sary predicts a slow comeback for Wake Forest.

He’s not sure it will ever return to the way things were several years ago – and he sees that as a good thing.

“You don’t want to overbuild,” Sary said. “You want to do things sustainably.”

For more information about this article or community information, contact Scott Lerew, Lerew Brothers Wake forest Broker and Realtor at (919) 435-4320

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We employ innovations in technology as much as reasonably possible and in most cases as soon as they are available. 

The Lerew Brothers Brokers and Realtors Wake Forest North Carolina are proud to announce they are preparing to launch another website specifically designed to promote Farms and Land in North Carolina. 

This site will also be promoted, indexed and launched in such a way to give more than average listing greater exposure within the internet. 

It is the hope of the Lerew Brothers Brokers and Realtors Wake Forest North Carolina use of an independent website that features Farms and Land throughout our area and in North Carolina will create a buzz and greater interest to buyers and assist sellers in establishing a sale for the North Carolina property. 

It is our expectation to have this new website up and running no later than July 15, 2010. 

For more information about Lerew Brothers Brokers and Realtors Wake Forest North Carolina and our listings, contact Scott Lerew at 800-807-0011.

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Wake Forest, NC – On January 5, 2010, Gadberry Group announced its list of last year’s nine most notable high-growth areas in the US – Gadberry Group’s “9 from 2009.” Wake Forest, NC earned the number 6 spot on that list.

 “As a Wake Forest native, I’ve recognized the explosive growth that our community has experienced. The Gadberry data will give us the quantitative tools we need to continue to draw new development to Wake Forest,” said Don Stroud, Wake Forest Area Chamber of Commerce Board Co-Chair.

Headquartered in Little Rock, AR, Gadberry Group provides location intelligence services and data for the world’s top retail brands.

Wake Forest is located northeast of Raleigh and was recognized by Forbes magazine in 2007 as the 20th fastest growing suburb in the US.

According to Gadberry data, the Wake Forest area grew from 8,150 households in 2000 to 17,803 in 2009, or 118%. Wake Forest had 13 Emerging Blocks, the second highest in the group. 

Wake Forest saw an overall decrease in median age, dropping from 34.5 in 2000 to 34.1. Average household income for Wake Forest increased from $70,148 to $82,771.

“We are posed to show the nation and world Wake Forest. This area has all the tools to prosper in the new decade and century.

We have the viable educated workforce and all the criteria for businesses of the future,” Wake Forest Area Chamber of Commerce President Marla Akridge said.

Gadberry Group uses proprietary products to employ a statistical ranking system that evaluates the 17,000 Census Places. Selection criteria and ranking methodology include percent change, absolute change and emerging Census blocks (those growing from less than 10 households in Census 2000 to over 100 in 2009).

The analysis considers total growth from 2000 to 2009, as well as that from 2008 to 2009. Gadberry also weights the analysis using key demographic variables such as ethnicity, household income, net worth, economic stability, length of residence and age. 

The firm provides location-based services and information data products for clients who demand the most current, accurate and precise household and population data for their site location analysis.

Just another confirmation that WaKe Forest North Carolina is a great place to live as previously shared by The Lerew Brothers, Wake Forest North Carolina area Brokers/Realtor.

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6. You can, and should, get preapproved for a home loan before you go looking for a home.

Preapproval is easy, and can give you complete peace-of-mind when shopping for your home.

Mortgage experts can obtain written preapproval for you at no cost and no obligation, and it can all be done quite easily over-the-phone. T

he Lerew Brothers, Wake Forest Realtors have many resources from where to make some good choices.

More than just a verbal approval from your lending institution, a written preapproval is as good as money in the bank.

It entails a completed credit application, and a certificate which guarantees you a mortgage to the specified level when you find the home you’re looking for.

Consider dealing only with a professional who specializes in mortgages.

Enlisting their services can make the difference between obtaining a mortgage, and being stuck in the renter’s rut forever. Typically there is no cost or obligation to enquire.

Part 5 of “HOW TO STOP PAYING RENT AND OWN YOUR OWN HOME” is offered by the Lerew Brothers Realtors/Brokers of the Wake Forest North Carolina and surrounding areas.

To sum up, there are many important issues you should be aware of that affect you as a renter.

Why on earth would you continue to lose thousands by throwing it away on rent when with your agent you could take a few minutes to discuss your specific needs so that you can stop renting and start owning?

This conversation costs you nothing. Give the Wake Forest experts, The Lerew Brothers, Wake Forest Area Realtors, a call today for a no obligation conversation.

And, of course, you shouldn’t have to feel obligated to buy a home at the time you review this.

But by taking the time to explore your options, and learn about the ways you can afford to buy a home, think how prepared and relaxed you’ll be when you are ready to make this important step.

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 3. You may be able to find a seller to help you buy and finance your home. 

 Some sellers may be willing to hold a second mortgage for you as a “seller take-back.” 

 In this case, the seller becomes your lending institution. 

 Instead of paying this seller a lump-sum full amount for his or her home, you would pay monthly mortgage installments.

 4. You may be able to create a cash down payment without actually going into debt.

By borrowing money for certain investments to a specified level, you may be able to generate a significant tax refund for yourself that you can use as a down-payment. 

 While the money borrowed for these investments is technically a loan, the monthly amount paid can be small, and the money invested in both home and investment will be yours in the end.

 5. You can buy a home even if you have problems with your credit rating.

 If you can come up with more than the minimum down-payment, or can secure the loan with other equity, many lending institutions will consider you for a mortgage. 

 Alternatively, a seller take-back mortgage could also help you in this situation.

 More of this topic provided in the next few days.

Contact Scott Lerew at (800) 807-0011, The Lerew Brothers Realtors, serving the Wake Forest, Raleigh, Wake County and surrounding areas for buyers and sellers and their real estate needs. 

Give us a call at 800-807-0011 for more information or more special reports designed to assist Home Buyers…

More from the Lerew Brothers Realtors your local Wake Forest Area and Wake and Franklin County North Carolina Realtors in our next excerpt of our blog designed to assist our buyer clients.

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Offered by the Lerew Brothers Realtors/Brokers of the Wake Forest North Carolina and surrounding areas.

The problem that most renters face isn’t your ability to meet a monthly payment.

Goodness knows you must meet this monthly obligation every 30 days already.

The problem is accumulating enough capital to make a down payment on something more permanent.

But saving for this lump sum doesn’t have to be as difficult as you might think. 

Consider the following 6 important points:

1.  You can buy a home with much less down than you think. 

There are some local or federal government programs (such as 1^st time buyer programs) to help people get into the housing market.

You can qualify as a first time buyer even if your spouse has owned a home before as long as your name was not registered.

Ensure your real estate agent is informed and knowledgeable in this important area and can offer programs to help you with your options.

 2. You may be able to get your lender to help you with your down payment and closing costs.

Even if you do not have enough cash for a down-payment, if you are debt-free, and own an asset free and clear (such as a car, for example), your lending institution may be able to lend you the down-payment for your home by securing it against this asset.

More of this topic provided in the next few days.

Contact Scott Lerew, The Lerew Brothers Realtors, serving the Wake Forest, Raleigh, Wake County and surrounding

areas for buyers and sellers and their real estate needs. 

Give us a call at 800-807-0011 for more information or more special reports designed to assist Home Buyers…

More from the Lerew Brothers Realtors your local Wake Forest Area and Wake and Franklin County North Carolina

Realtors in our next excerpt of our blog designed to assist our buyer clients.

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The focus on this 5 part Lerew Brothers’ blog series is to help buyers purchase real estate and to not pay another cent in rent to your landlord!

Whether you are purchasing in Wake Forest or the surrounding real estate communities, your goal can be achieved and probably easier that you imagined.

It’s a dream for so many; to own your own home and stop paying rent.

But if you’re like most renters in the Wake Forest and surrounding real estate market areas, you want to make your apartment or house you are renting feel as if it were yours.

The problem is you can’t without permission from the landlord and not without having to go through a process to gain permission.

In most cases, you feel trapped in a no-win situation without any hope of eventually owning your own home.

Well, maybe home ownership is closer than you imagined and with proper planning, closer than you expect.

It doesn’t matter how long you’ve been renting or how overwhelming your financial situation may seem.

Here is the truth; there are some little known facts that can help you get over the hurdle and transfer your status from renter to homeowner.

With this information, you will begin to see how you really can:

- save for a down payment

- stop lining your landlord’s pockets

- stop wasting thousands of dollars on rent

Contact Scott Lerew, The Lerew Brothers Realtors, serving the Wake Forest, Raleigh, Wake County and surrounding areas for buyers and sellers and their real estate needs.

Give the real estate agents, the Lerew Brothers Realtors a call at 800-807-0011 for more information or more special reports designed to assist Home Buyers…

More from the Lerew Brothers Realtors/Real Estate Agents your local Wake Forest Area and Wake and Franklin County North Carolina Realtors in our next excerpt of our blog designed to assist our buyer clients.

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Patience and perseverance is a helpful tool for any home seller in our rebounding market

Likewise, as a buyer choose to work with their realtor to purchase a home; respect of the seller’s situation could very well carry the buyer a lot farther in negotiations. 

As a real estate broker and realtor for the Lerew Brothers, there are a lot of buyers looking for the best deal and some push the limits that can be adversely interpreted. 

After all, the situations that some sellers are facing now could very well be the same for any new buyer that becomes Wake Forest Real Estate property owner down the line.

As I share with my real estate buyers and sellers in the Wake Forest area, considering all the options available, some things are not out of reach while others can torpedo a real estate transaction quicker than they imagined.

Contact Scott Lerew, The Lerew Brothers, serving the Wake Forest, Raleigh, Wake County and surrounding areas for buyers and sellers and their real estate needs. 

Give us a call at 800-807-0011 for more information or our special reports for buyers and sellers.

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