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 […]
Welcome to the dynamic world of local real estate! As your neighborhood experts, we’re here to make understanding market statistics easy and enjoyable. Whether you’re dreaming of a new home or getting ready to sell, a clear grasp of these local numbers is your key to a seamless and delightful real estate experience. Let’s dive […]
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 […]
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, […]
Welcome to the new year! There’s a buzz in the air as the spring real estate market seems to be starting earlier this year. Whether you’re looking to sell your Raleigh home and aim for a top-dollar deal, or you’re on the hunt for your Triangle area dream home, now’s the perfect time to gear […]
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 […]
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, […]
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. […]