Tuesday Raleigh Mortgage News – 12/8/2015
Wake County property tax values updated, Glenwood-Brooklyn neighborhood getting historic designation, and more
The holidays are here and so are new property tax values in Wake County. If you haven’t looked already, see the first link below to find what you will be taxed on next year. While some values went down, as the last assessment was in 2008, the average was a 5% increase on residential and 19% on commercial. See the other link below for some of those that went up the most.
Another topic that I’ve commented a great deal on is tear downs. There have been one after the other in 5 Points, a group has coming together in the Ridge Road area to try and slow the process, and now the Glenwood-Brooklyn neighborhood is looking to attain historical status to prevent much of this. After the Modern Oakwood debacle, be careful what you wish for!
In the good news department, Raleigh was recently rated on of the easiest places to get a job by Indeed.com. And in the fun department, the Triangle Business Journal did an article on ‘what the ‘Home Alone’ house (and others from holiday movies) would cost today.’
Finally, the Fannie Mae HomeReady program goes live this Saturday, December 12th. It’s a nice 3% down program that isn’t restricted to first time homebuyers. I’ll have a few program summary of that in the coming days.
As always, for a rate quote, or more information on anything mentioned here or elsewhere, feel free to contact me with any questions/queries.
5 Stories in the Triangle Mortgage and Real Estate Headlines (and more)
1. Wake County property value assessments are now updated
The last assessment was 2008. New tax values are now live for Wake County here: http://services.wakegov.com/realestate/
2. 20 Raleigh properties that just skyrocketed in value
The TBJ has a slideshow for 20 properties that made a big leap, including the State Capitol, which went from $21.2 million to $52.7 million. See the full slideshow here.
3. Glenwood South Hospitality District will continue
“Raleigh granted permits to 21 businesses in Glenwood South to become part of the hospitality district. The permit allows them to play music with doors and windows open until 2 a.m. Fridays and Saturdays and 11 p.m. during the week. Music cannot exceed 60 decibels. Previously, bars and clubs had to go through a quasi-judicial process to be allowed to play music outdoors or with windows and doors open at night. Under the hospitality district rules, businesses are required to have someone on staff at all times of operation to address complaints.” Read more from the News & Observer
4. Raleigh’s Glenwood-Brooklyn neighborhood could become historic district
“The Glenwood-Brooklyn neighborhood is one step closer to getting protection from teardowns and new development. This week, Raleigh planning staff submitted an updated report about the historic neighborhood located north of downtown to the North Carolina Office of Archives and History. Within a month, the state may issue a recommendation for granting a local historic designation.” Read more from the News & Observer
5. Raleigh #2 on “The 10 Cities With the Most Job Openings Per Person” list
“According to recent Indeed research, 71% of adults in or looking to enter the labor force say they are actively looking or open to a new job. People are keeping a pulse on the labor market now more than ever, and those in search a new job may want to explore the cities where the most opportunities are available.” Read more from the Indeed.com blog