While renting has a number of unique benefits, it also has one big disadvantage in the Raleigh area: it’s skyrocketing. While rent prices have gone up significantly every year since 2005, the average mortgage payment has actually decreased since then. In fact, according to Core Logic, the average rent has increased by 36% between 2005 […]
Category Archives: Buying A Home in the Greater Raleigh Area
What You Need to Know About These Historically Low Interest Rates
Interest rates are at a historic low. In fact, they’ve been on a slow decline since November of 2018, resulting in some of the best mortgage interest rates we’ve seen in a while! In fact, these are the lowest they’ve been since January 2018. If you’ve kept up to date on the Raleigh real estate […]
The Home Buying Debate: 3 Big Questions to Ask Yourself Before Buying a Home
If you’re in the middle of buying a home in the greater Raleigh area, you’ve probably already listened to a lot of unprompted advice. Home-buying, and real estate in general, is one of those topics that elicits some pretty strong opinions. At the end of the day, however, it all boils down to what you […]
The 3 Things You Need to Know About Today’s Real Estate Market
Depending on which news outlet you go to, you may hear some pretty contrasting takes on the current real estate market. Some say the market is going up, others say we’re headed towards a crash similar to the one in 2008. Instead of relying on over-sensationalized media reports, we prefer to look at the data. […]
Why Now is the Time to Upgrade Your Home—and Your Lifestyle!
While the rest of the real estate market is distinctly geared towards sellers—high demand and low inventory make for ever-increasing home prices—this section of the market doesn’t apply towards luxury or premium properties. In fact, the luxury home market (homes priced at $1 million and up) is a buyer’s market. Over recent years, an influx […]
How to Buy a Home: Your Step by Step Guide
Homeownership is closer than you think! If you’ve long been considering buying a home in the greater Raleigh area, now is the time to act. You might be worried about the financial side to buying a home: the hefty down payment and the mortgage approval process—but it’s really not that complicated. In fact, there are […]
Home Buying Round Up: Let’s Talk About Your Credit Score
If you’re thinking about buying a home in Raleigh, you’ve probably checked your credit score at least once, and maybe even been a bit dismayed at what you found. The truth is, many would-be homeowners out there feel like their credit score has to be in the high-700s in order to buy a home. Luckily, […]
Applying for a Mortgage? DON’T Do These 7 Things!
If you’re currently searching for a home to buy in Raleigh, chances are you’ve already thought about applying for a mortgage. Obtaining a mortgage loan is a huge part of the buying process, as it has an enormous impact on how much you can afford and how much your monthly payments will be. As such, […]
Greater Raleigh Real Estate: Homeownership is More Attainable than Ever
After the housing market crash of 2008, homeownership rates throughout the country have decreased dramatically. At one point prior to the crash, the homeownership rate was over 69%. In the years following, it dropped to its lowest point at 63.7%. As homeownership in Raleigh continued to decrease throughout the late 2000s and early 2010s, many […]
Good News for Buyers: Bidding Wars are Decreasing!
If you’ve been in the market for a new home, you’ve likely seen (or been a part of) a bidding war. This is fairly common when you’re in a market like ours; one that’s seller-focused due to a discrepancy between housing inventory and demand. In short, a bidding war is when two or more parties […]