Raleigh, Cary, Morrisville and Holly Springs, North Carolina Real Estate Listings & Homes For Sale - The Pat Hensley Group

The Pat Hensley Group has Over 20 Years Experience in the Triangle Real Estate Market. Let us Help You Buy or Sell Your Next Home...

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"We wanted to thank you for all the hard work you did to sell our old house and buy the new house."
Steve and Tina B. - Cary
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All Triangle Area homes for sale, schools and things to do in Cary, Raleigh, Apex, Holly Springs, Wake Forest and Fuquay Varinia. Apex, Morrisville, Chapel Hill, Holly Springs, Fuquay Varina and Garner, homes for sale details. North Carolina Real Estate
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Welcome to The Pat Hensley Group'sRaleigh, Cary, Morrisville and Holly Springs Real Estate Website

Raleigh Cary Directory

Think of us as your one-stop resource for real estate services. We sell homes in all areas of our community commonly known as Wake County or the Triangle Areas. Wake County and the Triangle are made up of the following towns:

Raleigh, Cary, Apex, Morrisville, Wake Forest, Holly Springs, Fuquay-Varina, Willow Springs, ,Garner, Rolesville, Wendell, Zebulon and Knightdale.

Here are Demographics for Wake County…Below are general statistics for population, housing, education, and average household income. The data below reflects the most current information available.

Population:

2008 Forecasted population: 854,592
2009 Forecasted population: 884,503
2010 Forecasted population: 911,038

Newcomers Projection:

2007: 91 (Per Day)
2008: 86 (Per Day)
2009: 82 (Per Day)
2010: 73 (Per Day)

NC Demographics Projection:

2007: 822,356****

Housing

Housing units: 325,712*
Vacancy rate: 9.5%*
Average residential property value:
High: $222,550**
Low: $105,000**
Average household size: 2.58 people/household*
Housing density: 392 units/sq. mile

Education

2007-08 Wake School membership: 134,002

2007-08 Number of Wake schools: 153; number of charter schools: 13
2008-09 Wake County student projection: 140,443
Adult population with B.A. or higher: 51.1% *

Economics

Median family income: $81,900*
Population below poverty line: 9.1%*
Unemployment rate: 3.6%***
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School Reports in Raleigh, Cary, Morrisville and Holly Springs, North Carolina

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North Carolina Public, Private and Charter Schools: Compare them using these top-rated, comprehensive reports.

Schools in Raleigh, Cary, Morrisville and Holly Springs

Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

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Q	What 6,500 seat American theater was the location for the scene where the original 1933 King Kong breaks his chains onstage?
A	The famous Shrine Auditorium in Los Angeles, built by the Shriners in 1906 to resemble an exotic Arabian mosque.
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The Pat Hensley Group, REALTOR®, real estate agent and broker for Raleigh, Cary, Morrisville and Holly Springs, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Pat Hensley Group
RE/MAX United
51 Kilmayne Dr, Ste. 100
Cary, NC 27511
Office: 919-280-4567
Office: 919-469-6530
Fax: 919-882-9005
Pat@PatHensley.com

The Pat Hensley Group is a Team of Real Estate Experts with over 20 Years Experience in the Local Market. We Work Hard to Provide our Clients with the Best Possible Home Buying and Selling Experience. We Look Forward to Helping you in Your Next Real Estate Transaction.

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