Starting your journey towards owning a Triangle area home? Then you’ve probably come across the term “pre-approval.” Let’s explore what it means and why it’s especially important for those looking to buy a home in 2024. Understanding Pre-Approval In the homebuying journey, your lender assesses your financial health to determine the loan amount you’re eligible […]
Have you ever thought about living under one roof with your close family members, like your parents, grandparents, or other relatives? You’re certainly not alone in this. An increasing number of people are choosing to buy homes that can accommodate multiple generations. Let’s dive into why this might be a great option for you as […]
If you’re planning to buy a Triangle area home soon, you’re 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. […]
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 […]
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 […]
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 you embark on the journey of selling your Raleigh home, you’re likely considering the current market dynamics and how they align with your needs. One factor that may prove advantageous is the current shortage of homes available for sale in the Triangle area. Let’s delve into the current low-inventory market and its implications for […]