January: Articles of Interest 2024

Happy New Year! As we kick off 2024, expect more important industry news and updates about things coming to the Triangle this year. Mortgage application volume is up, new developments in Raleigh suburbs and Buc-ee’s is coming to North Carolina! We’ve got you covered with these real estate and NC related news articles linked below.

Mortgage Application Volume Up Nearly 10%

“Despite an uptick in mortgage rates to start 2024, applications increased after adjusting for the holiday,” said Joel Kan, MBA’s vice president and deputy chief economist. “The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines. Mortgage rates and applications have been volatile in recent weeks and overall activity remains low.”
WRE News

NRL Mortgage and Calque Unveil the Trade-in Mortgage

According to the companies, The Trade-In Mortgage enables homeowners to leverage their home equity to purchase a new home before selling their current one. By working with Calque, NRL Mortgage said that it can offer better terms to their clients looking to switch homes. NRL Mortgage clients can use the equity in their current property to make non-contingent offers, finance and move into their next home before they sell their current home, and qualify for the home they want by bypassing key debt considerations while their new loan is being underwritten.
WRE News

Lennar to Open New Community in Raleigh Suburb

“Demand for high-quality, affordable new homes in Raleigh has prompted our expansion into surrounding areas, where we can offer our thoughtfully designed Lennar floorplans to the broadest possible range of residents,” said Robert Smart, Lennar division president. “We are thrilled to be a part of this community and know that homebuyers will fall in love with the charm of Franklin Townes and the idyllic lifestyle of Smithfield, while still enjoying an easy commute to the central city.”
WRE News

Buc-ee’s is coming to NC, city council approves 75,000 square-foot station in Mebane

The gas station will be at 1425 Trollingwood-Hawfields Road near Interstate 85 and Interstate 40. Currently, the closest Buc-ee’s to the Triangle is in Florence, South Carolina. The decision goes against what the county planning board recommended. In December, the planning board voted to deny recommending the project. There is no timetable for when the gas station will open or when construction will start.


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