November saw year over year median home value drops in all but 4 towns in the Triangle. [scroll down to see the chart] If this was a month over month change, I wouldn't even be talking about it, because we EXPECT to see lower prices in November. There is usually less competition during the … [Read more...] about Raleigh Housing Market Update: November 2023
Archives for 2023
Best Places to Retire in North Carolina: Lies and Statistics
You're looking for the best places to retire in North Carolina. Letting an algorithm tell you where to live is a great way to end up in a town that you hate. Over the last few years I’ve gotten dozens of calls with this same story. . . people asking me to help them out of a big mistake. … [Read more...] about Best Places to Retire in North Carolina: Lies and Statistics
The Scary Economic Impact of MiddleEast War: [Mortgage Rates]
War is horrific. And besides the innocent victims of violence, there are trickle down effects into other parts of life. Like housing. We thought we were almost through the worst of the housing market. In just a few more months, many people expected rates to start trending down and finally regular … [Read more...] about The Scary Economic Impact of MiddleEast War: [Mortgage Rates]
Redfin Predicts Even More Rate Hikes: Will Rates Ever fall?
In April of 1980 mortgage rates hit an unheard of 15%. Alongside this spike in rates, came an unemployment rate of around 7% which was high. But nothing compared to what was to come. That summer, a sharp 4% drop in mortgage rates made Americans feel slightly optimistic, but it was the calm … [Read more...] about Redfin Predicts Even More Rate Hikes: Will Rates Ever fall?
This is the #1 reason home prices aren’t falling!
Last week, someone made this comment on my channel. They said, “Look for prices to come down nationally by 40-50% by 2027….the market always corrects.” And it makes sense that a lot of people think this. Look at the headlines from this week. Incomes are Falling, Average Household Debt is over … [Read more...] about This is the #1 reason home prices aren’t falling!
What to Know BEFORE Moving to North Carolina: 9 Things!
What do you need to know before moving to North Carolina? I asked a lot of my former clients what were the most shocking things that they found when they bought a house here. This is a compilation of everything that they told me about moving to North Carolina. These aren't necessarily in … [Read more...] about What to Know BEFORE Moving to North Carolina: 9 Things!
Raleigh Housing Market Update: October 2023
My thoughts on the numbers. . . In the housing price data below, Cary and Morrisville had the greatest number of competing offers, however, price increases didn't necessarily reflect that competitiveness. While Cary had competing offers on 32% of sold properties, the year over year sales price … [Read more...] about Raleigh Housing Market Update: October 2023
Raleigh Housing Market Update: September 2023
All real estate markets are LOCAL. This means that even within a small geographic area like the Triangle, there isn't just ONE real estate market. There is a market for every price point, in every town, and they're all different! Here were our 2023 Market Predictions. Median Price Change … [Read more...] about Raleigh Housing Market Update: September 2023
