Tuesday Raleigh Mortgage News 1/14/2014

Raleigh Skyline from Dorothea Dix Park
Raleigh Skyline from Dorothea Dix Park

3 Stories in the Mortgage and Real Estate Headlines

Also, be sure to check out my Friday Fun article from last week, “How to get your free Experian and TransUnion credit scores without a credit card subscription.”

1. Back on top: Triangle home sales grew 24% in 2013
Triangle home owners in 2013 had a much easier time finding a strong buyer pool for home listing than in any of the past five years, and that trend is expected to continue into 2014. But now that home prices have started to normalize again, don’t expect to see a huge rise in prices in 2014. Read more from the Triangle Business Journal

2. Raleigh ranked #3 on top US cities for business prosperity in 2014 list
This North Carolina city has always caught the eye of entrepreneurs, due to a highly educated workforce and high quality family life.  Of course, Research Triangle Park also brings a lot to the table. Read more from Business Review USA

3. Delinquencies Hit Six-Year Low
All of the usual measures of mortgage distress continue to retreat CoreLogic said in its National Foreclosure Report for November.  (The report contains a supplement featuring quarterly shadow inventory data as of October 2013.)  Serious delinquencies, completed foreclosures, foreclosures in process, and the shadow inventory are all down substantially from their respective peaks and serious delinquencies are at a six-year low. Read more from Mortgage News Daily

Send Raleigh real estate and mortgage news/tips to pat@raleighmortgageblog.com and follow me on Twitter @patpricedotcom

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