Low Inventory & High Demand are Shaping the Raleigh Real Estate Market

A two-story brick home with a green lawn and a red "for sale" sign out front.

It’s safe to say that the housing market in Raleigh, and the rest of the country, has all but recovered from the last housing crash. Home values are on a steady increase, while the number of foreclosures and distressed property sales are at an all-time low.

Additionally, economists and market experts predict that the market will continue to stay strong for the remainder of 2019! This is great news for homeowners, especially those looking to sell.

Here’s the Breakdown

Right now, the real estate market is considered strong and healthy for both buyers and sellers. According to economists at the National Association of Realtors®, the only factor that might affect the market is a lack of inventory.

It’s common for buyer demand to increase during the summer, one of the most popular times to buy a home in North Carolina. However, our current inventory levels cannot keep up with buyer demand.

Many predict that this discrepancy will cause home prices to rise further.

Why Now is a Great Time to Sell

Two professionals shaking hands.

Fewer sellers are wanting to deal with the stress and time of selling a home in Raleigh. However, if you’ve long been considering selling your home now is the time to act!

With demand so high in key cities like Raleigh, you stand to make an excellent return on your real estate investment. Chances are, if you list now, your home will sell quickly and for top dollar. In fact, it’s not uncommon to receive multiple offers on your property in a short amount of time!

Looking for a Sign to Sell?

This is it. Allow Linda Craft & Team REALTORS® to help you make the most of the current real estate market! With our resources, expertise, and local knowledge we can sell your home within your timeline and for the most amount of money possible.

Give us a call today to begin exploring all your Raleigh home-buying options!

Home Prices are Not Crashing, They’re Coming to a Soft Landing

Luxury two story stone home.

Over the last several years, home prices have increased substantially throughout the country. Many homeowners are worried that this means we’re headed towards another housing crash.

Luckily, that’s not the case. We’ve written about it at length, but the real estate market is not heading towards a crash. While it’s true that home values are not increasing as dramatically as they have in the past five years, they’re by no means crashing or even declining.

Here’s What’s Going On

It’s not that the average price of homes in the market are decreasing. Rather, the appreciation of home values is slowing down.

This is because the market is shifting from an advantageous sellers market, to a more “normal” market where the intense demand of homes is matched by its inventory. That doesn’t mean we’re headed towards a crash!

The real estate market is stronger than it’s ever been.

This is Different than the 2008 Crash

A woman looking at a tablet that has market information displayed.

The last real estate market crash was caused in large part to extremely lenient mortgage standards. This created an artificial demand for new homes.

When this demand faltered, a rush of homes hit the market. Many of these properties were in distress or suffering from foreclosure, so they were heavily discounted.

Plus, mortgage standards are much stricter today than they were in 2008. In addition, foreclosures today are lower than they have been since 1996.

Home Prices are Leveling Up

And that’s a good thing! It means the market is returning to “normal,” which is good for buyers and sellers.

Want to Learn More About the Greater Raleigh Real Estate Market?

Then it’s time to give Linda Craft & Team REALTORS® a call. We have the area expertise and the real estate resources you need to make a wise financial decision in this highly competitive market.

Please reach out to us today so we can get started on achieving all your real estate goals.

LINDA CRAFT & TEAM REALTORS AND CRAFT COMMERCIAL INVITE YOU TO GIVE THE GIFT OF LIFE

Who Says There is No Such Thing as a FREE Lunch

American Red Cross

At Linda Craft & Team Realtors and Craft Commercial, we’re extremely passionate about supporting local communities through organizations like the American Red Cross. We are pleased to host our Second Annual Blood Drive at our office on June 26th from 11am – 3:30pm.

During the summer months there is a decline in donations causing a significant shortage of the overall blood supply in our local hospitals. Our local Red Cross urgently needs people to give blood to help save lives.

  • If you would like to donate blood to support our local hospitals, visit redcrossblood.org and enter sponsor code: Craft to schedule your life-saving appointment.
  • If you can’t attend, you can still help save lives by making a monetary donation, visit: redcross.org/lindacraft
  • THE DAY OF THE DRIVE you can save some time by doing your pre-reading and donation questions online at redcrossblood.org/RapidPass

EVERYONE WHO REGISTERS TO GIVE BLOOD WILL RECEIVE A FREE LUNCH FROM DADDY BOB’S BBQ FOOD TRUCK!!! (11:00am-2:30pm)

Daddy Bob's Food Truck

Please help us save lives by signing up today!

 

Linda Craft & Team REALTORS is a locally-owned, full-service Real Estate Company with over 30 years of experience and 2 billion dollars in home sales. Honors include: NC Women-owned Business Hall of Fame, Humanitarian Award, and the Carolina Hurricanes Corporate Real Estate partner since 2006. Our company mission and core values focus on Expert Market Knowledge coupled with Raving Fan Customer Service to ensure complete client satisfaction. For more information about Linda Craft & Team, Realtors, please call 919-235-0007 or visit www.lindacraft.com

 

When you work with Craft Commercial to buy, sell, or lease property in the Triangle, you benefit from the entire team rather than just one agent’s knowledge and skills. With a whole team of commercial real estate experts acting in your best interests, you can quickly and easily achieve your real estate goals. For more information or to schedule an appointment with Craft Commercial, please call 919-446-5000 or visit www.craftcommercial.com.

What’s in Your Hurricane Kit?

aerial view of a hurricane

Although June through November is technically “Hurricane Season,” NC tends to get the worst of the storms in the August/September timeframe. It’s never too redundant to put out a reminder of all the things that should go into your Emergency Kit just in case a storm heads this way.

Whether it’s a tropical storm or a full-blown (no pun intended) hurricane, it’s always good to have a list of items you may need, where to get the most up-to-date weather information that is reliable, and plans for action should you need to respond in order to be safe. It’s all about keeping yourself and your loved ones safe.

Let’s Start with the Emergency Kit:

  • Water: 1 gallon of water per person per day – don’t forget your furry friends. If you have well water, plan enough in advance in case the electric pump fails.
  • Battery-operated electronics: Battery or crank radios, cell phones with battery pack for charging, charger cords, and lots of spare batteries in different sizes.
  • Fuel: Gas up your car – get fuel for your generator if you have one and make sure it is in good working order.
  • A place to stay: Have a backup plan for housing in case you can’t stay in your own home. Even extended power outages can be uncomfortable.
  • Easy-to-prepare food: It’s best if it doesn’t have to be cooked or refrigerated – again, don’t forget your pets; make sure you have their food and medications, vaccination records, and ID tags on their collars.
  • First aid kit: Include first aid supplies, flashlights and batteries, and medications.
  • Protected documents: Important documents (life, health, and homeowner’s insurance) should be stored in a waterproof bag or off site in a safety deposit box.
  • Extra cash and emergency contact information
  • Blankets/sleeping bags/personal items

General Home Preparation:

severe storm

Bring in anything that can act as a projectile when the winds get high.

Find your “safe haven” inside the house where you can avoid windows. It could be the space under the stairs or in an interior room with no windows.

If you haven’t looked at your homeowner’s policy lately, you might want to take a look or ask you agent to go over damage and replacement costs with you ahead of time. Do you even have or need flood insurance?

Stay Informed:

Monitor the weather closely. Don’t be caught off guard because you weren’t tuned in. Here are several reliable sources for weather in the Triangle:

Know Your Storm Lingo:

A watch is when a treat of a hurricane is projected 48 hours out. This is a good time to take stock of your supplies. Above all, stay informed in case a warning is issued.

A warning means that within the next 36 hours a hurricane threat is imminent and whatever action authorities deem necessary should be taken seriously.

Even the threat of a tropical storm should be taken seriously. They may have lower wind speeds but they can still be dangerous as flooding and flying objects can be an issue.

Even if the power goes out, you can get weather alerts on your phone if you can keep it charged. The Red Cross has an Emergency App you can download and the ReadyNC app has weather alerts on it as well.

Want to Know More About Protecting Your Home?

house style common in the Greater Raleigh areaLinda Craft & Team, REALTORS® is committed to providing home buyers, home sellers, and homeowners in the Greater Raleigh area with the information they need to make the best real estate decisions. As the #1 real estate team in the Triangle, we can offer you a wealth of resources and over 30 years of local expertise.

Contact us today at 919-235-0007 for a full list of our services and more, including additional tips about protecting your home from weather events.

Craft Residential & Craft Commercial Announced as Corporate Sponsors of Triangle Business Journal’s Tomorrow’s Real Estate Event

commercial office building with big glass windowsRaleigh, NC – Linda Craft & Team, REALTORS® is pleased to announce that Craft Residential & Craft Commercial will sponsor the Triangle Business Journal’s Tomorrow’s Real Estate event, to be held on July 27, 2017.
Linda Craft, CEO of both Craft Companies states, “We are excited to be part of this informative event that will discuss the recent growth of residential and commercial real estate within the Triangle and what opportunities lie ahead.”

TBJ’s Tomorrow’s Real Estate event will go behind the numbers from their latest quarterly SPACE survey and talk to the experts in the Triangle’s commercial and residential real estate markets about how this growth and density has affected the quality of life and growth of business. This event will take place at the Durham Bulls Athletic Park in Durham, NC.

Craft Residential & Craft Commercial were also Corporate Sponsors of the Triangle Business Journal’s CEO & CFO Awards, Women in Business Awards and 40 Under 40 Awards that took place earlier this year.

About Craft Residential

truck donated for charityCraft Residential the Triangle’s #1 ranked locally-owned Real Estate company and Carolina Hurricanes Corporate Real Estate Sponsor. They have served the real estate needs of individuals and families, in all price ranges, for over 30 years. The company mission and focus is expert market knowledge plus Raving Fan customer service to ensure complete client satisfaction. Craft Residential has closed over 2 billion in real estate transactions.

Local honors include: Top 25 Women Owned Business, Best Place to Work and the Humanitarian Award. Linda Craft, CEO serves on the board for the American Red Cross and Triangle Athena Powerlink and is a member of Women’s President Organization, Business Leaders Club and Shop Local. For more information, or to schedule an appointment with Craft Residential, please call 919-235-0007 or visit www.craftresidential.com.

About Craft Commercial

The Craft Team has earned over 30 years of success in the Triangle real estate market. They bring cutting-edge marketing, unique social media strategies, attention to detail, and solid systems to an industry sometimes lacking in innovation. When you work with Craft Commercial to buy, sell, or lease property in the Triangle, you benefit from the entire team rather than just one agent’s knowledge and skills. With a whole team of commercial real estate experts acting in your best interests, you can quickly and easily achieve your real estate goals. For more information or to schedule an appointment with Craft Commercial, please call 919-446-5000 or visit www.craftcommercial.com.

How to Get Freebies from Duke Energy

Very seldom do you hear the word “freebies” these days, so take advantage when you do. Duke Energy has a Home Energy House Call program where you can learn how to save on your monthly bill and land about $30 worth of free gifts.
basket of free gifts

Free Energy-Saving Items for Homeowners

Here’s what you get for free:

  • In-home energy assessment and a detailed report afterward
  • Free LEDs
  • Free energy-efficient showerhead that cuts water and energy use but still retains water pressure
  • Free kitchen faucet with swivel and water flow control
  • Free outlet seals for outlets and switches on your exterior walls. This stops drafts and air leaks which account for up to 25 percent of your heating bill according to the U.S. Department of Energy.

The free energy assessment is arranged either online or by calling (844) 346-4366. Homeowners are eligible if:

  • They are Duke Energy customers.
  • Own a single-family home for at least four months.
  • Have an electric heater/AC or electric water heater.

Renters are not eligible because Duke Energy prefers to deal with the homeowner. One homeowner must be present during the inspection.

Why is Duke Energy Offering Free Gifts?

You might be asking, “What does Duke Energy get out of this?”

They’re doing this to curtail growing demand in energy which is expected to grow by 25 percent by 2030. Duke Energy says on their website that in the past the company dealt with growing demand by building new energy plants, but this is expensive and time-consuming; not to mention that it is a “negative impact on the environment.”
energy-saving lights

To learn more about ways that you can save on energy costs, check out Duke Energy’s “100 Tips.” Sign up here to claim your free assessment from Duke Energy.

Selling Your Home? Want More “Freebies”?

If you’re a homeowner in the Triangle area and have been thinking about selling your home, we offer free services just for you, from a free home evaluation to free use of our moving truck.

At Linda Craft & Team, REALTORS®, we use our years of real estate experience, aggressive home marketing, and in-depth knowledge of Raleigh, Durham, Chapel Hill, and surrounding communities to help homeowners sell quickly and for the most money possible. Call us today at 919-235-0007 to get your home sold.

Ironman Triathlon in Raleigh

Ironman Logo

 

Ironman in Raleigh
On Sunday, May 31st, Raleigh will host its third Ironman triathlon event. This particular event is actually a “half” ironman with distances of a 1.2 mile swim in Jordan Lake, 56 mile bike ride, and a half marathon of 13.1 miles finishing in downtown Raleigh near the convention center. This course totals 70.3 miles, making a full Ironman double the length described! Not only do they have the professionals racing, but they also have an option for Ironkids ages 3-15! If you happen to be around town and see one of the pro or kid athletes, congratulate them on a job well done.

Spectator Guide and Road Closings
If you are curious about the details of where you can be a spectator, what roads may be closed and when, transition areas, and shuttles please click on the link above for all the details needed to get what’s needed to share in the experience of the day. They also utilize social media (Facebook, Twitter) for updated as well.

Fast Times
To put it in perspective, one of the recent Half Ironman top winners (Andy Potts) had a swim time of 21 minutes for 1.2miles, a bike time of just over 2 hours for 56 miles, and a run time of 1hr 15min for a half marathon distance. WOW! This upcoming Raleigh event on May 31st has 2,500 athletes from 30 countries trying to qualify for 30 spots to advance to the championship in Austria.

Linda Craft & Team is a locally owned real estate company where every dollar earned proudly stays in the community. Our Team is celebrating its’ 30th Anniversary and leading the Triangle in 2014 as the #1 Team for previously owned homes SOLD! We would love to help you too! Please call our office today to set up a free consultation with one of our expert team members.

 

 

 

Triangle Area Experts : NC Severe Weather

Ready NC Logo
Even though we’ve had our share of snow recently, it’s already time to think about a different type of serious weather. This week (March 1-7) is Severe Weather Preparedness Week. Governor McCrory encouraged everyone in the Triangle to participate in a tornado drill on Wednesday, March 4th. Last year, NC issued 81 tornado warnings and recorded 36 tornadoes. Sometimes, there is very little warning as storms move and change quickly.

Tornado Watch vs. Tornado Warning

Do you know the difference between a tornado “watch” and a “warning”? When we receive these notices through the television, radio, or our mobile devices it’s important to understand the terminology so you can act accordingly. A “watch” means that the conditions are favorable for a tornado. It hasn’t happened in this specific area yet, but there is a strong chance it could. A “warning” means that a tornado is happening right now close to your location – take shelter immediately. The local news channels also have apps, storm trackers, and various methods to utilize technology and cell phone GPS ability to pinpoint warnings/watches down to specific neighborhoods.

ReadyNC.org for more information

At the bottom of the ReadyNC website, there are links to emergency plans for families, seniors, and even how to include pets (as they are family too!). They utilize various social media outlets effectively in getting out their message to everyone in NC. They also have a checklist for an emergency kit that everyone – individuals and businesses – should have handy. It’s better to have it and not need it, than to be lacking when it’s really important.

Linda Craft & Team is your area Triangle expert! We know our city and we know real estate! For your home buying and home selling needs, Linda Craft & Team REALTORS is your Triangle area expert. Call us today for a free consultation today! 919.235.0007

Raleigh Area Expert : Project Enlightenment

enlightenment

 

 

 

Have you heard of Project Enlightenment? If you live in Wake County and have young children that are in Kindergarten and younger, Project Enlightenment has a wealth of resources for both parents and teachers of young children. They serve anyone in Wake County with kids in that age group, regardless of income. They are a part of Wake County Schools and have been providing services since 1969. Their office is located on Boylan Avenue on the edge of downtown Raleigh. If you have developmental questions about your young child, they offer counseling services and screenings that can point you in the right direction for resources. They offer a large lending library and even have a “Talkline” advice line to call for questions, totally free of charge. More details about the Talkline are available on their home page. Parenting is hard even when everything is “right” – but when things feel like they aren’t working as they should, please take advantage of these resources. They can help you rule out problems or give you direction on other professionals to connect with.  They have many programs and workshops throughout the year that parents can plug into and learn more about effective parenting options.

 

All parents eventually have to think about Kindergarten and if your child is “ready” to participate in that environment socially, developmentally, and cognitively.  Project Enlightenment provides resources and guidance on expectations for today’s classroom. This is great information for anyone (even outside of Wake County) to see if your child is ready!

 

Linda Craft & Team is your area Raleigh expert! We know our city and we know real estate! For your home buying and home selling needs, Linda Craft & Team REALTORS is your Triangle area expert. Call us today for a free consultation today! 919.235.0007

Raleigh Experts : La Farm Bakery

lafarmLa Farm Bakery is only 30 minutes away from the Linda Craft & Team office in North Raleigh. It’s located in Northwest Cary and has earned much news coverage due to the elegant food, their growth, and their amazing master baker, Lionel Vatinet. He opened La Farm in 1999 and has a passion for preserving the art & science of making bread. Meet Master Baker Lionel here and learn more about his history for fantastic food.

When you think of “French bakery” you may automatically think of a croissant, cheese, and a quaint atmosphere. Multiply your initial senses by 100 and you might come close to the reality of this restaurant! If you’ve never been, please finish this blog post and click the links to learn more – and then drive over there immediately! In addition to having a bakery full of regular and seasonal options, they have a breakfast, lunch, AND dinner menu in order to provide a full service dining experience. If you’re having a party at your home or office, La Farm caters and provide a stunning set up that would impress even the most seasoned “foodies”. La Farm can also be found at the NC Farmers Market by the floral section! Get there early and grab a white chocolate baguette (our personal favorite) before they sell out!

And finally, if you’ve ever thought of yourself as a baker – or would like to! – you can take cooking classes directly from Lionel himself at La Farm.  He brings a wealth of expertise to the Triangle and can surely teach anyone with his expert tips and tricks. These classes are only offered a few times a year, so make sure you take advantage of them when they come around.

Linda Craft & Team is your area Raleigh expert! We know our city and we know real estate! For your home buying and home selling needs, Linda Craft & Team REALTORS is your Triangle area expert. Call us today for a free consultation today! 919.235.0007