Hesitant to sell your Triangle area property due to previously high mortgage rates? There’s encouraging news with the recent downward shift in mortgage rates. Since peaking at 7.79% last October, rates have consistently stayed under 7% for over a month (refer to the graph below): This drop in rates, while not reaching the lows of […]
Tag Archives: home buyers
Down Payment Assistance Programs Can Help Pave the Way to Homeownership
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 […]
Is Owning a Home Still the American Dream for Younger Buyers?
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, […]
Spring into Success: Navigating the 2024 Real Estate Market with Strategy and Confidence
The Latest 2024 Housing Market Forecast
As we approach the new year, questions about buying or selling a home in the Triangle area naturally arise. Should you jump in now, or wait for a better time? Fear not, future homeowner! While uncertainty looms large in many sectors, the 2024 Raleigh housing market forecast paints a surprisingly bright picture. Experts Forecast Ongoing Home Price Appreciation Take […]
Thinking About Using Your 401(k) To Buy a Home?
Raleigh is a booming city with a vibrant housing market. If you’re dreaming of owning a home in Raleigh, you’re not alone. But saving for a down payment can be tough, especially in a competitive market like Raleigh. That’s why some people consider tapping into their 401(k) savings. Before you raid your retirement nest egg, […]
Get Ready for Homeownership in 2024: Your Ultimate Prep Guide!
As we quickly approach 2024, let’s gear up for one of the most exciting adventures of your life – buying your own home in the Triangle area! Whether you’re a first-time buyer or planning to find your next home, this journey is all about smart preparation and setting the stage for a successful home purchase. […]
Affordable Homeownership Strategies for Gen Z
The aspiration of owning a home has long been a cornerstone of the American Dream. Buying a home symbolizes stability, independence, and the establishment of a place to truly call your own. However, for Gen Z, the generation born between 1997 and 2012, realizing this dream can seem daunting in today’s environment of rising mortgage […]
The Return of Normal Seasonality for Home Price Appreciation
If you’re contemplating a move to the Triangle area, one of your top concerns is likely the current state of home prices. Despite the media’s portrayal of a looming housing market crash, the reality is far less dramatic. While home price growth is moderating, it’s not declining. To gain a clear understanding of this trend, […]
Your Home Equity Can Offset Affordability Challenges
Are you contemplating selling your Raleigh home? The current mortgage rates might be giving you pause and make you question the timing of your decision. It’s not uncommon for homeowners to have concerns about selling when facing potentially higher mortgage rates for their next property. If you’re in the same boat, rest assured that while […]