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Allan Rodgers

Raleigh, NC 27612
Phone: 919-744-2838
Email: arodgers@fmrealty.com



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Contact Allan

Allan Rodgers
3600 Glenwood Avenue, Suite 150
Raleigh, NC 27612
Phone: 919-744-2838
Email: arodgers@fmrealty.com

 

 







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Welcome!

On behalf of The Allan Rodgers Team I'd like to extend a personal welcome to MyHomeRaleigh.com. We've designed this site to be a valuable resource for real estate information and services in greater Raleigh and other Triangle communities. I hope you enjoy your experience here and encourage you to explore everything the site has to offer, including real estate listings in Raleigh, Cary, Apex, Garner, Knightdale, Morrisville, Wake Forest, and other communities in the Triangle region. We've also included information for homebuyers and sellers, mortgage information and more about your professional Triangle REALTOR® team.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database of available properties in the area. Or let us do the work for you by using our Dream Home Finder personalized search form.

If you're planning to sell your home or property in the next few months, nothing is more important than determining a market appropriate asking price. Allow us to help you with a Comparative Market Analysis. We'll identify and use comparable sold, off market (expired) and active listings to help you determine a likely sales price range for your home or property.

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Real Estate News

Latest Realty News from NAR

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

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Blog

Why You Should Buy In The Fall.

Autumn is a Great Time to Buy or Sell a Home Fall isn’t traditionally thought of as the busiest time in real estate, but there are big advantages to buying or selling a home during autumn. People are always moving into our area, and your home will... Read more

MyHomeRaleigh.com: Why local matters.

After months of work The Allan Rodgers Team of Fonville Morisey Realty is pleased to introduce a comprehensive new resource for Raleigh home buyers and sellers. With the launch of MyHomeRaleigh.com, home buyers & sellers in greater Raleigh and Wake Co... Read more
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Allan Rodgers
| The Allan Rodgers Team | Fonville Morisey Realty
Direct/Text 252-267-2909 | arodgers@fmrealty.com
3600 Glenwood Avenue | Suite 150 | Raleigh, NC 27612
Copyright © 2015. Allan Rodgers, All Rights Reserved