Bank of America recently asked potential buyers what would make them feel more confident about making a move. The top answers? Improved affordability, especially when it comes to prices and mortgage rates (see below). The good news is that while the overall economy may still feel uncertain, we’re starting to see signs of positive shifts […]
You’ve probably heard a lot about mortgage rates recently. Headlines may talk about the Federal Reserve’s (the Fed) recent meeting and its impact on rates. However, the Fed doesn’t directly set mortgage rates, despite what the headlines might imply. The reality is that mortgage rates are influenced by various factors, including geopolitical uncertainty, inflation, and […]
If you’re a first-time homebuyer with a goal of owning a home in the Triangle Area, you’re likely focusing on your savings. A crucial part of this is having a plan for expenses like closing costs, down payments, and other related costs. Here are some strategies to help a first-time homebuyer accelerate their savings: Budget […]
If you’ve paused your search for Triangle area luxury homes because you haven’t found the perfect match, it might be time to reconsider. Recent data suggest that now is an excellent moment to restart your hunt for luxury homes. Here’s what you need to know. There Are More Luxury Homes To Choose From What’s considered […]
You might have noticed an increase in the availability of the Triangle area’s new construction homes on the market today. In fact, roughly one out of every three homes listed for sale is a new construction. If you’re curious about what this means for the Raleigh real estate market and your own housing plans, here’s […]
Finding your dream home in Raleigh or the Triangle area can feel tricky these days. Just like any market, there are challenges – higher mortgage rates, rising home prices, and fewer houses available. With all that going on, it’s definitely a lot to think about! The good news is, there’s a way to avoid these […]
For those who have owned their homes for a few years, an important aspect to explore is home equity. If this term is new to you, Freddie Mac defines it succinctly: . . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.” This […]
Purchasing a home is more than a transaction—it’s a pivotal part of the American Dream. Owning a home transcends the concept of merely having a residence; it represents belonging, stability, and autonomy. Nicole Bachaud, Senior Economist at Zillow, reinforces this sentiment: The American Dream is still owning a home. There’s a lot of pent-up demand […]
Dreaming of owning your own place in the vibrant Triangle area? You might be worried about the down payment being a roadblock. But fear not! The reality is far more hopeful than you might think. According to the National Association of Realtors (NAR), a whopping 38% of first-time buyers find saving for a down payment […]
The American Dream isn’t one-size-fits-all, but for many, owning a home remains a cherished ambition. A recent Bankrate survey confirms this, ranking homeownership as the top marker of personal success for Americans (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, […]