Key Takeaways: Median rental payments have reached their highest point ever, with rents up by 8.1% from this time last year. Buying a home may be more affordable than you can imagine—the average mortgage payment is actually lower than the median monthly rent currently. Here at Linda Craft & Team, we are experts in homeownership. […]
Key Takeaways: Near record-low mortgage rates made for a strong housing market in the first half of 2021, but now real estate experts are looking forward to the rest of the year. Experts’ forecasts are calling for sunshine in the Triangle, with continually low mortgage rates and more housing inventory. No other team of Realtors […]
Key Takeaways: Buyers and sellers should take advantage of the opportunities available in today’s housing market. Homes are flying off the market at record-breaking speed, so the time for buyers and sellers to act is now. Linda Craft & Team has real estate expertise across the board. Contact us, or call 919-235-0007 today, and don’t […]
Key points: Current market conditions have made this winter an ideal time to make a move—for buyers and sellers. Buyers can take advantage of rock-bottom interest rates, which could mean saving thousands of dollars on a home purchase. Sellers have the advantage of high buyer demand and low inventory, meaning prices are on the rise […]
Despite economic instability and a sense of general uncertainty that has hung heavy in the air since early 2020, the real estate market has been booming. Rock-bottom interest rates have caused buyer demand to soar, which in turn has pushed home prices skyward at surprising rates. And rising prices also mean rising home equity—which has […]
Even if you haven’t been thinking about listing your home, you might have heard that mortgage interest rates currently hover near all-time lows. You may also have heard that buyer demand continues to increase, while inventory of homes for sale remains low. And as a homeowner, all that might lead you to wonder if it’s […]
Reopening businesses and all-time low interest rates have driven many buyers back to the market. In fact, soaring buyer demand is largely driving the US economy—but it’s also driving down the housing stock. Low inventory and high demand is good for the market, but not so great if you want to beat the competition as […]
In early 2020, concerns over the COVID-19 pandemic sent the global economy into turmoil. The Federal Reserve responded by slashing interest rates, which in turn ushered in an era of all-time low mortgage rates. Now, we’re consistently seeing new record lows week after week. Here’s what it means for you. What Do All-Time Low Mortgage […]
When the economy tumbled earlier this year, many feared the housing market was soon to follow. Business closures and stay-at-home orders did significantly decrease the number of sales overall, though prices largely remained steady, particularly here in the Raleigh area. While many predicted a quick recovery once businesses reopened, few saw the historic housing market […]
Spring and summer are traditionally hot seasons for real estate. However, the ongoing health crisis and talks of economic slowdown have many buyers and sellers worrying that real estate will suffer. Since supply and demand set home prices, we may be able to get an idea of what’s on the horizon. Supply and Demand Set […]
