Market Updates

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?

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!

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

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

Zillow is predicting a significant price increase in the housing market in 2024. Robert Shiller, is not jumping on the bandwagon. If you don’t know who Robert Shiller is, he predicted the .com bubble in the early 2000’s. And then in 2007 predicted the 2008 housing market crash. While the … [Read more...] about Housing Market 2024 Predictions: What You Need to Know

The Real Estate Housing Market has become a hot topic of debate among economists and YouTubers. You can check out this post where we looked at economists predictions back in the beginning of 2023. OR, if you want to see what might happen in 2024, you should read this post on What You Need to … [Read more...] about 5 Reasons the Real Estate Market hasn’t Crashed. . .YET!