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 that each and every one of our clients is well-equipped to reach their goals, we wanted to give you a quick snapshot at all of the trends you need to know.

Here are the top 6 real estate graphs that you should study up on.

The Strength of the Current Market

Key takeaways:

  • Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.
  • Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market.
  • With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move.

Navigate the Market with Linda Craft & Team REALTORS®

At Linda Craft & Team REALTORS®, we know the ins and outs of the local and national real estate market—and we’re more than happy to share that knowledge with you. Whether you’re buying and looking for a little help or selling and hoping for top dollar, our track record of satisfied clients shows that we have what it takes to lead you to success.

Ready to get started? Feel free to give us a call!

Checking in on the Trends: The Positives and Negatives of Today’s Housing Market

Real estate trends are prone to change. After all, there are many factors that play into home prices and mortgage rates, and as the economy changes, the real estate market follows suit.

If you want to get the best possible outcome to your real estate endeavor, staying updated on current real estate trends is crucial to your buying and selling success.

Here are the three biggest changes currently happening in the housing market—and what they mean for buyers and sellers!

Interest Rates are Low…For Now

A man looking at numbers on a laptop.

Interest rates play a huge part in the overall cost of your home, and right now, they’re the lowest they’ve been in years. As of June, rates are hovering right around 3.8%. Back in March, they were as high as 4.4%!

According to the latest info from Freddie Mac, those numbers could be here to stay for a while, but with the current unpredictability of the housing market, there’s no guarantee. So the sooner you buy, the better.

Tariffs Could Drive up Prices

A construction area.

What could tariffs on China possibly have to do with the housing market? Well, many of the tariffs will affect building materials like lumber and steel—and the National Association of Home Builders estimates that around $10 billion worth of those supplies come from China.

With an already low inventory of homes, the increased of cost in building a new home will likely further exacerbate the problem. The tariffs began in June, so the effects may not be fully felt for a little while—meaning now is a great time to buy.

The Economy is Cooling off

A man carrying a newspaper and briefcase.

Previously, many economic experts thought we were headed for a recession this year. While that estimate has been pushed back, three leading surveys (the WSJ Survey of Economists, Duke University Survey of CFOs, and NABE Survey of Members) predict that it’ll happen sometime in the next 18 months.

That doesn’t mean there’s any need to panic, but it does mean that the current economic conditions might be the best that they’ll be for a while.

Ready to Buy Your Raleigh Home?

If you’re on the fence about buying or selling, the current housing trends indicate that now is the time to make some moves. Find your real estate success, and trust in the expertise and years of experience that Linda Craft & Team REALTORS® can provide.

Browse our buying resources, see what homes in Raleigh we love, and give us a call to get started!

Need Answers to Your Raleigh Real Estate Questions?

Are you interested in purchasing a home but do not know where to begin or who to talk to? Are you and your spouse thinking of taking advantage of this market and putting your house on the market and need to know what upgrades are recommended? Or do you just need a final, straight answer on if we are in a buyer’s or seller’s market?

Look no further! We are going to start answering real estate questions for you! Tap into over 150 years of real estate expertise by sending in your general real estate related questions. We will feature one on our blog every week with an answer from one of our real estate experts!

Please email Ashley@lindacraft.com with your real estate inquiries and your question may be spotlighted on our weekly blog!

Please call (919.235.0007) or visit us on the web at www.LindaCraft.com for all of your real estate needs. We are here to help you and your family achieve your dreams!