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Duke University on List of Highest Salaries After Graduation

Joseph Coupal - Tuesday, June 28, 2016

College is an investment, so which schools make sure you get a return? With college costs and student-debt levels reaching an all-time high, it’s important–we’d argue necessary–to think about which schools produce the highest earning alumni. For some this is a practical matter, with big earnings as a path to quickly pay off any student loans. For others, it is a matter of life ambition to move up the financial and social ladder. FORBES researched and rounded up a list of the top 25 colleges where graduating students go on to earn the highest mid-career salaries, meaning they have worked for at least 10 years.

16: Duke University, Durham, NC

  • Mid-Career Earnings: $92,350
  • Overall Best Value Rank: No. 31
  • Top College Rank: No. 22

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Forbes

Best Cities for Recent College Grads - Raleigh, NC

Joseph Coupal - Monday, June 20, 2016

Finding a job after college is imperative for many college seniors and some cities offer more career opportunities than others. As we approach graduation season, NerdWallet crunched the numbers to find the best cities in the US for recent college graduates. Can you guess which city came out on top?

7. Raleigh, NC

Population between 20-29: 19.4 percent
Population 25 or older with a Bachelor's degree: 31.9 percent
Median earnings for Bachelor's degree holders: $45,495
Cost of living index: 93.6
Workers with management, business, science or arts jobs: 46.3 percent
Unemployment rate: 5.1 percent
Overall score: 69.81

Raleigh’s population is highly educated, with 31.9 percent of residents 25 and over holding a Bachelor’s degree—the third highest proportion of the nation’s 50 largest cities. Raleigh’s major industries include manufacturing, aerospace, biotechnology and green energy. Two of the top employers in the area are SAS Institute, Inc., which is headquartered in the region, and North Carolina State University.

For information on apartments in Raleigh, NC contact Auston Grove.

CS Monitor

Raleigh, NC: One of America’s Cities of the Future

Joseph Coupal - Wednesday, June 15, 2016

Which cities have the best chance to prosper in the coming decade? The question is a complex one, and as the economy changes, so, too, will the best-positioned cities.

To identify the cities most likely to boom over the next 10 years, we took the 53 largest metropolitan statistical areas in the country (those with populations exceeding 1 million) and ranked them based on eight metrics indicative of past, present and future vitality. We factored in, equally, the percentage of children in the population, the birth rate, net domestic migration, the percentage of the population aged 25-44 with a bachelor’s degree, income growth, the unemployment rate, and population growth.

The results show two divergent kinds of ascendant cities. One is driven by the tech industry, the in-migration of educated people and sharply rising incomes; the other type is what we describe as “opportunity cities,” which tend to have a diverse range of industries, lower costs and larger numbers of families. We may be one country, but the future is being shaped by two very different urban archetypes.

No. 5: Raleigh, North Carolina

Pct. Of Children in Population (5-14): 14.7%
Job Growth, 2010-15: 15.4%
Population Growth, 2010-14: 10.0%
Net Domestic Migration, 2010-14: 11.0 per 1,000
Birth Rate, 2010-14: 12.9 per 1,000 women
Bachelor's Degree Holders (Pct. of Pop. 25-44): 49.0%

For more information on apartments in Raleigh, NC, contact Auston Grove.

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Forbes

Millennials in Raleigh Are Taking Longer to Buy a Home

Joseph Coupal - Wednesday, June 08, 2016

A report found student debt reduces millennials’ savings for down payment, making it difficult for college-educated millennials to own homes in the Raleigh-Durham area.

The report, released last week by apartmentlist.com, found college-educated millennials with student debt need to save for an average of 10.2 years to pay a 20 percent down payment on a home, compared to around five years for those without.

But in Raleigh, college-educated millennials with student debt need to save for 15.2 years, while those without student debt need to save for only 5.4.

Here are some other highlights from the report:

  • Millennials without a college degree in Raleigh need to save for 10.4 years.
  • Nationally, 58 percent of college-educated millennials have monthly student loan payments, paying an average of $410.
  • In Raleigh, 52 percent have student debt, with 33 percent paying at least $300 monthly.
  • College graduates without student debt save $270 monthly for a down payment, compared to $110 for graduates with student debt.
  • Millennials without a degree save $140 per month.

Although rising rent and student debt are hindrances for millennials wanting to own homes, the report suggests that delaying homeownership is partly by choice. The report said college graduates with debt have higher incomes than those without, but after higher taxes and student debt payments, their disposable income is about $1,100 lower. Despite these differences, both groups spend roughly the same amount on their expenses, suggesting college-graduate millennials with student debt are choosing to cut back on savings for homes despite being able to afford them.

For more information on apartments inRaleigh, NC contact Auston Grove.

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bizjournals.com

Millennials are Moving to Raleigh, NC

Joseph Coupal - Tuesday, May 31, 2016

It’s not exactly a newsflash that New Yorkers are leaving the city in droves in favor of Florida. What may come as a surprise is where they’re going.

According to a new report by Realtor.com, Tampa and Jacksonville are the top two destinations in the country for northerners relocating to sunnier climes. Also in the Top 10 is Raleigh, N.C.

Millennials aren’t always following their elders. First for the 24-34 age group is San Antonio, Texas, but rounding out the Top Ten are Charlotte and Raleigh.

Driving the migration are weather, housing and employment. The numbers tell the story. But of course, our weather is better.

Other points of national exodus: Chicago; Detroit; San Jose, Calif.; Los Angeles; Milwaukee; St. Louis; Cleveland; San Francisco and Philadelphia.

Data was based on realtor.com search traffic, cross-metro moving requests on moving.comand U.S. Census Data.

For information on apartments in Raleigh, NC contact Auston Grove.

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miamiherald.com

Raleigh, NC is #8 for Best Cities for Job Seekers

Joseph Coupal - Wednesday, May 25, 2016

College grads and mid-career professionals alike may find themselves in search of a city that offers the best of both worlds: great job opportunities and a healthy work-life balance.

Using those measures, as well as the cost of living and job satisfaction, employment site Glassdoor has crunched the numbers and come up with the top U.S. cities offering the best opportunities for workers. While some of the biggest American cities made the list, many of those top-rated are midsize metropolitan areas that are transforming their economies with tech and health care jobs.

That may provide some relief to job seekers who worry that opportunities exist only in expensive cities.

Those on the hunt for new career opportunities may want to consider some of the smaller cities that rose to the top of the rankings because they're places where typical workers can afford to live and get a foothold on the economic ladder.

"These are smaller, midsize cities that have really great job markets that are growing," said Allison Berry, a spokeswoman with Glassdoor. "The thing that's standing out for us in the list is that bigger doesn't necessarily mean better."

#8 on the list of Best Cities in US for Job Seekers: Raleigh-Durham, North Carolina

Raleigh-Durham benefits from its location in the so-called Research Triangle, where universities such as Duke and University of North Carolina at Chapel Hill are located.

Not surprisingly, Glassdoor says the area's three hot jobs are registered nurse, research associate and software engineer.

The region of roughly 2 million residents has almost 35,000 job openings, with a median base salary of $62,000.

For more information on apartments in Raleigh, NC contact Auston Grove.

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10tv.com

Decluttering Tips when Moving to an Apartment in Raleigh, NC

Joseph Coupal - Tuesday, May 17, 2016

So you’re planning to move to an apartment in Raleigh, NC or maybe you simply need to de-clutter, but it’s hard to part with so many things, especially if they bring fond memories. How to do it?

Downsizing is an emotional process. You will discover items you haven’t seen in years, and you will have to decide what to do with them. Give yourself some time to reminisce, and then make a decision.

Five de-cluttering tips to consider:

Do one room at a time, a little bit each day. Think of it as “editing” a room: Start in the upper left-hand corner of one wall and start ‘reading’ from left to right and from top to bottom. If you start to stray to another part of the room, stop yourself and return to where you were.

Get rid of multiples. Example: Own several coffee pots? Keep one. If you can only use one at a time, you don’t need to keep both.

When you look at an item, consider: Will you use it? If you haven’t used it in the past year, it’s likely you never will. Donate unused exercise equipment and rarely used small appliances. Get rid of those multiple vases, Bundt pans and plastic containers with missing lids. Take a hard look at old shoes, clothes you've never worn, socks missing a mate and expired makeup.

As you go through your things, follow a strict yes/no policy – no “maybes.” Either you will keep it or ditch it.

If you aren’t convinced the item deserves a yes, then it’s a no.

Keep in mind the limited space of your new place.

If you get rid of the clutter, you can fill your new place with the things you really love, making it feel like home.

For more information on 2 bedroom apartments in Raleigh, NC contact Auston Grove.

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Philly.com

Easiest Cities to Find a Job – Raleigh, NC is #2!

Joseph Coupal - Tuesday, May 10, 2016

Job seekers are regularly reminded that flexibility is key, and though relocation may not be a welcome option, a new market could provide opportunities your current city is not. There is even more reason to go apartment hunting in Raleigh, NC!

To determine the easiest and hardest cities for finding a job right now, Indeed.com‘s data team took a look at the population of each metropolitan region, comparing it to the number of job listings for that area. Indeed aggregates job postings from thousands of sites across the web, drawing from staffing agencies, individual company career sites, other job boards, and professional organizations and associations to provide the greatest possible collection of opportunities in each geography.

The data here applies to jobs at every compensation level.

No. 2 Easiest City For Finding A Job: Raleigh, North Carolina

Now there is even more reason to live in Raleigh! For more information on apartments in Raleigh, NC, contact Auston Grove.

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Forbes

Reasons to Move to the Raleigh, N.C. Area

Joseph Coupal - Wednesday, May 04, 2016

Discover what makes the City of Oaks and its nearby communities the best places to live...

Raleigh, N.C. is known to residents as the "City of Oaks," a name that makes sense when you visit downtown. Oak trees line the streets and sidewalks, making shady spots for window shopping, coffee drinking and patio dining. East of Raleigh is the beautiful coast, and west are the Blue Ridge Mountains. Beyond this, here are more reasons to move to the Raleigh area.

1. Raleigh combines modern, urban living with traditional Southern flair.

Folks often move to Raleigh looking for urban living with a Southern touch. It is easy for residents to bike to the local farmers market, walk to a new restaurant or bar, or visit the State Capitol Building.

2. There are lots of options for delicious food in Raleigh, from barbecue to vegan.

When it comes to good food, Raleigh offers many options. You’ll find restaurants with diverse dietary preferences, including those who are vegan or vegetarian. If you want a night on the town you’ll find everything from the drinks and meal to dessert.

3. Huge First Friday.

On the first Friday of every month, local galleries, studios and museums keep their doors open late. Galleries display new artworks, artists talk about their latest creations, and you can find handcrafted gifts for family and friends.

4. Many Raleigh area's restaurants serve locally grown food.

Local farm-grown ingredients are a specialty, and there are ever-changing seasonal menus which means there's always something new and delicious to try.

5. Several colleges ensure opportunities for education and a college town culture.

Educational Opportunities: Many folks move to the Raleigh region for educational opportunities. North Carolina State University is the largest four-year university in the state, and it is nationally renowned for programs in engineering, biology and agriculture. Duke University is located in Durham, and it is a prestigious private research institution known for its medical school and medical center. And the University of North Carolina at Chapel Hill is best known for its programs in business, government, law and public health.

For more information on apartments in Raleigh, NC, contact Auston Grove.

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livability.com

It Cost More Than You Think to Buy a Home – Raleigh, NC

Joseph Coupal - Thursday, April 28, 2016

Every for-sale home has a price tag, but there’s much more to the actual cost of a home, both when you buy and every month after. Before you sign on the dotted line, it’s important to keep in mind the hidden costs of homeownership. Here are a few of the most prominent — and pricey.

Mortgage payments

These monthly payments are the most predictable cost associated with buying a home. The one mistake many first-time buyers make is thinking that, like rent payments, the mortgage is the total sum they owe each month — as you’ll see below, that’s not the case.

Closing costs

When buying a home, your down payment is the big number that will make your head spin, but at least that becomes part of your equity. Closing costs, though, are another major figure that can catch many people by surprise, and it’s money that you don’t recoup.

Closing costs are lender and third-party fees paid at the close of a real estate transaction. For a $300,000 home, you can expect to pay $6,000 to $10,000 in closing costs. These costs can include one-time fees like the following:

  • Appraisal fee: the professional estimate of the home’s value.
  • Survey fee: the cost for verifying a home’s definitive property lines.
  • Wire transfer fee: the charge to wire funds to purchase the home.
  • Underwriting and origination fees: the charge associated with evaluating, verifying and processing the loan application.
  • Document prep fee: the cost associated with prepping your loan documents for processing.
  • Discount points: paid at the time of the deal to lower the interest rate on your mortgage.
  • Credit report fee: the charge for pulling your credit history and scores.
  • Title insurance: a must-get policy that protects you in case the seller doesn’t have full deed and authority to the property.
  • Recording fees: government fees for entering new property records.

Real estate agent commission

Agent commissions are typically 6%, split 50-50 between the buyer’s agent and seller’s agent. Buyers don’t need to concern themselves with commissions, since they come out of the seller’s funds. Commissions are negotiable, so as a seller, it’s always worth asking for a lower commission before signing a listing agreement. For a $300,000 home, agent commissions will cost the seller about $18,000.

If you’re one of the many Americans who sell one home before buying another, know that about 6% of the sale price will go to the agents’ commission.Find the best real estate agent

With the one-time transaction costs taken care off, homeowners still have ongoing costs, in addition to mortgage payments. Here are some of the main ones:

Property taxes

The tax man usually comes calling twice a year, but property tax laws and policies vary by state and county. Your real estate agent should be able to give you a rundown before you buy. Be aware that local governments can raise property taxes to cover municipal projects or expenses, so don’t assume that they’ll stay steady. Increases in the home’s assessed value, whether due to renovations or overall market conditions, also cause property taxes to rise.

Homeowners and hazard insurance

Just like taxes, these two types of insurance vary by state and region. Your homeowners insurance bill can be anywhere between $500 and $2,000 a year. Hazard insurance costs will also be determined by the risk factors in your area. In earthquake-prone California, you may have different costs than someone in Florida or Oklahoma. You can usually keep your costs lower if you bundle homeowners with your auto or life insurance policies.

Private mortgage insurance

If you don’t put down at least 20% of the purchase price, you’ll have to pay private mortgage insurance, which can be up to 1% of the loan amount annually. PMI protects the mortgage lender in the event you default on the loan. Many first-time homebuyers pay PMI; payments are made each month, lumped in with your loan payment, until the remaining principal balance on the mortgage dips below 80% of the home’s value. Your lender should automatically cancel PMI charges when you owe 78% of the principal or less, but until then, this is an extra cost to factor into your monthly budget.

Homeowners association, co-op or condo assessment fees

If you’re buying in a planned development with shared spaces, or a condo or co-op, you’ll have a monthly assessment on top of your mortgage payment that pays for improvements to the entire complex, such as landscaping or painting, or building-wide utilities such as electricity. In pricey urban areas, condo assessments can rival mortgage payments, so pay close attention to those costs before buying.

Utilities

This one usually shocks first-time homebuyers, especially those moving from apartments to single-family homes. Utilities can be $200 to $600 or more each month, depending on the size of the home. It takes a lot more energy to heat or cool a larger home, plus you’ll likely have to start picking up the bill for water and trash services. Ask your agent for an estimate of a property’s monthly utility costs before you buy to ensure you’re still within your budget.
It’s a serious financial endeavor to purchase a home and run a household. For the sake of your financial health, carefully consider the one-time costs and ongoing monthly maintenance before you head to the closing table.

For more information on apartments in Raleigh, NC contact Auston Grove.

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Nerd Wallet