Expert Local Information for Raleigh, North Carolina Provided by Wray Realty

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Welcome > Local Info > Raleigh Information ...

About Raleigh, NC real estate
City Website: www.raleigh-nc.org

State Website: http://www.ncgov.com/

Tourism Info:
www.visitraleigh.com
http://www.godowntownraleigh.com/

Population: 374,321

Chamber of Commerce:
www.raleighchamber.org
Greater Raleigh Chamber of Commerce
800 S. Salisbury St.
Raleigh, NC 27601
919.664.7000
919.664.7099 Fax

Demographics:
Size – 115.6 square miles

Median Family Income – $60,003
Per Capita Income - $25,113
Median Age – 31.0
Average Family Size – 2.97

Schools - http://www.wcpss.net/

Newspapers -
www.newsobserver.com
http://www.raleigh2.com/

Links -
Raleigh Convention & Visitors Bureau
http://raleighcvb.org/

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School Reports in Raleigh, Cary, Apex and Holly Springs, North Carolina

"A model of how the Internet can facilitate the process of deciding where to send your children to school"
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The Heritage Foundation

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

Schools in Raleigh, Cary, Apex and Holly Springs

Tax Considerations >Tax Implications of Selling Your House

Most of my clients profit from selling their homes, and they often have questions about capital gains tax. When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010. Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption. Consult your tax accountant for more detailed information regarding your particular circumstance.

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Q	At the doors of what famous temple do you find yourself when you climb the 'Stairway to Heaven'?
A	The Temple of Heaven in Beijing, China, attracts the local faithful and tourists.
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Wray Realty, REALTOR®, real estate agents and broker for Raleigh, Cary, Apex and Holly Springs, North Carolina home listings, property and land for sale - NUMBER1EXPERT(tm)

Brian Wray
Wray Realty - Wray Enterprises Inc.
7121 Oak Village Way
Fuquay Varina, NC 27526
Phone: 919-880-4188
Fax: 866-921-0107
Kristen Buckley: Assistant
Brian's Email: bwray@wrayenterprises.com
Kristen's Email: kbuckley@wrayenterprises.com
3.4% Full Service Listings and Buyers Cash Back Program!! We believe in giving back to our clients. We feel this is the right way to do business. Our 3.4% Full Service Sellers Program and Buyers Cash Back Program have been a great hit with our clients. We feel like you deserve to keep more of your equity in your pocket and get some CASH back when you buy a house with us as well. There is no need to look any further. We will take care of everything for you. Full Service at 1/2 the price. What more could you want?

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