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 [ā¦]
Category Archives: First Time Home Buyers
Good News for Buyers: Bidding Wars are Decreasing!
If youāve been in the market for a new home, youāve likely seen (or been a part of) a bidding war. This is fairly common when youāre in a market like ours; one thatās seller-focused due to a discrepancy between housing inventory and demand. In short, a bidding war is when two or more parties [ā¦]
Homeowner Perks: The Many Benefits that Come with Buying a Home in Raleigh
If youāre planning on buying a home in Raleigh soon, youāve probably already started weighing the pros and cons. While buying a home is a huge transaction, and an even bigger investment, it will improve your lifestyle, finances, and overall well-being for years to come. In fact, there are a myriad of benefitsāboth financial and [ā¦]
No, We are Not Headed Towards a Housing Crash: Hereās Why
In the past few months, you may have heard whisperings about an incoming housing market crash. Weāre here to put you at ease: we are not headed towards a crash! A lot of this concern comes from average home prices slowing in growth across the country. We wrote a blog about it last week, but [ā¦]
The Real Estate Market is Returning to āNormal:ā Hereās Why Thatās a Good Thing
In the past couple of months, weāve written about how the Raleigh real estate market is primed for sellers. Thatās because of a discrepancy between housing demand and housing supply. When there arenāt enough homes for sale to satisfy buyer demand, home prices rise. In fact, over the past few years, home price appreciation has [ā¦]
First Comes Loveā¦ then Comes Your First Mortgage Payment!
Every year, the National Association of RealtorsĀ® conducts a survey to determine the profile of home buyers and sellers across the country. The 2018 profile is interesting because the majority of recent homebuyers (a whopping 63%!) are married couples! The Majority of First-Time Buyers are Married Couples Itās true! According to the NAR, 54% of first-time [ā¦]
How Homeownership Makes the Biggest Difference
If youāre looking for the most surefire way to build your wealth, become a homeowner. Weāve blogged about this in the past, but it really is one of the most effective (and simplest) ways to build your wealth for the long term. The majority of homeowners take out a mortgage loan to buy their home. [ā¦]
A Quick Study Guide on What āAffordabilityā Means in Raleigh Real Estate
When we talk about āaffordability,ā a lot of definitions may come to mind. For real estate specifically, affordability is something of a hot topic. While it is true that buying a home is less affordable today than it was at any other time in the past decade, that has a lot to do with the [ā¦]
You Should Be Building Your Own Wealthā¦ Not Your Landlordās
Thereās no doubt about it: buying a home is a daunting task. In fact, many potential buyers are nervous about the commitment and obligation that comes with buying a home. If youāre more comfortable renting because you think you canāt afford buying a home, we should talk. The truth is, even when youāre a tenant, [ā¦]
Want to Build Your Wealth? Itās Time to Buy a Home in Raleigh
The most surefire way to begin building your wealth in the NC Triangle? Become a homeowner. Buying a home essentially forces you to build wealth. To purchase a home, you have to apply for a mortgage loan to pay for it. Then, every month, you pay off a percentage of that mortgage. Each mortgage payment brings [ā¦]
