Thereās a lot of talk about home prices these days. While theyāre going up across the country, some people are still worried they might drop. A survey from Fannie Mae showed that about 1 in 4 people think home prices might actually fall in the next year. If youāre feeling this way, youāre not alone. [ā¦]
If youāre planning to buy a Triangle area home soon, youāre probably keeping a keen eye on the housing market. Your sources of information might range from news and social media to discussions with real estate agents, friends, and family. Topics like home prices and mortgage rates are likely at the forefront of these conversations. [ā¦]
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 homeās equity is the difference between how much your home is worth and how much you owe on your mortgage.ā This [ā¦]
Purchasing a home is more than a transactionāitās 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. Thereās a lot of pent-up demand [ā¦]
Welcome to the dynamic world of local real estate! As your neighborhood experts, weāre here to make understanding market statistics easy and enjoyable. Whether youāre 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. Letās dive [ā¦]
Hesitant to sell your Triangle area property due to previously high mortgage rates? Thereās 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 [ā¦]
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 [ā¦]
The American Dream isnāt 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, [ā¦]
Welcome to the new year! Thereās a buzz in the air as the spring real estate market seems to be starting earlier this year. Whether youāre looking to sell your Raleigh home and aim for a top-dollar deal, or youāre on the hunt for your Triangle area dream home, nowās the perfect time to gear [ā¦]
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 [ā¦]
