Key Takeaways: The shocking year-over-year housing numbers being reported are a reflection of last year’s virus-related market and this year’s strong market rebound. Buyers and sellers should expect normal seasonal sales in today’s real estate market—be wary of article headlines citing unbelievable growth. Linda Craft & Team knows the reality of today’s housing market and […]
Tag Archives: real estate market update raleigh
Here’s Where Home Values Are Headed Over the Next 12 Months
During the beginning of the year, many anxious homeowners and would-be sellers questioned how the pandemic would impact the market. Experts also weighed in with varying results—some said home values would increase, while others predicted a housing crash akin to what we saw in 2008. As the year continues to unfold, it’s clear that the […]
How Strong Is the US Housing Market Recovery?
Earlier this year, economists predicted that real estate would be a large driving force behind the US economy’s recovery. In the past few months, the numbers of residential sales and mortgage purchase applications have surged, suggesting that the housing market recovery is even stronger than previously anticipated. The Housing Market Recovery Is Soaring All-time low […]
How Do Today’s Mortgage Payments Compare to the Good Old Days?
If you’ve been thinking about buying a home or you follow real estate news, you have likely heard that interest rates are very low right now. In fact, they’re not just low—they’re lower than they’ve ever been in history. Since interest rates are so low, how do today’s mortgage payments compare to those in decades […]
Are You Ready for the 2020 Summer Housing Market?
The COVID-19 health crisis brought many aspects of American life to a halt in early 2020. Real estate was not unaffected, though it has remained surprisingly stable. Sales declined fairly steeply in April and May, but have since started to pick back up again, paving the way for a strong summer 2020 housing market, especially […]
What Will the 2020 Housing Market Look Like in the Triangle?
These past few months have been filled with uncertainty, thanks to widespread unemployment and more than a little turbulence in the economy. All the upheaval has left many would-be buyers and sellers wondering if it’s still smart to make a move, or if they’d be better waiting for things to settle down. So, what does […]
Up or Down: What Will 2020 Home Values Look Like?
This has been quite the tumultuous year! An unforeseeable global health crisis brought the economy to a screeching halt, sending unemployment rates soaring, closing businesses nationwide, and leading to the enactment of a plethora of new changes and restrictions on the way we do everything from grocery shopping to buying houses. All the ups and […]
Is It Smart to Buy a Home Right Now? Actually… Yes.
With unprecedented closures and social distancing measures changing the way we do everything from business to everyday life, the economy has been in a state of upheaval, leaving many would-be buyers wondering if it’s smart to buy a home right now. Some have put their searches on hold, while others have continued on the hunt. […]
Housing Inventory Is Vanishing. Here’s How It Impacts You.
Real estate predictions for 2020 are looking pretty positive: interest rates sit at historic lows, prices are strong but stable, and demand is high. But there is one challenge to this optimistic outlook, and it’s a shortage of housing inventory. Housing Inventory Is Shrinking Inventory—the number of homes for sale, that is—isn’t just low. It’s […]
6 Key Real Estate Graphs that You Need to See
No matter what capacity you’re entering the Triangle area real estate market in—whether it’s buying, selling, or investing—it’s crucial to be prepared. By knowing all of the latest numbers on mortgage rates, median sales price, and average days on the market, you can gain a major advantage over your competition! Since we want to ensure […]