Triangle Area Real Estate News & Information

2020 Housing Market Insights

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. Here's what industry experts are saying. 

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What Every NC Triangle Homebuyer and Homeseller Should Know in 2020

Homebuyers and home sellers in the North Carolina Triangle area are eager to know the 2020 housing market trends.
Whether you are buying or selling a home it is important to understand how to maximize the value to your family's bottom line. Understanding the residential real estate market and its possible trends will ensure your first step towards a decision with long-term benefits. One of the first questions home buyers and home sellers are asking us at the turn of the year is, "What do I need to know about the upcoming housing market?" While My NC Homes does not possess a crystal ball to see into the future, we have more than 60 years of combined experience in the industry that reinforces our confidence as we make our own predictions for the

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Sell Your Home Fast with My NC Homes

Ready to sell your house? 

Regardless of whether you're planning on selling in a Seller's market or a Buyer's market, whether it's Spring, Summer, Fall or Winter there's just a few things you'll always need to keep in mind. Take a look at this short video we've prepared to help our clients get their homes sold quickly and for top dollar. 

 

If you're thinking of selling your home within the next 6 months, let connect now. We'd love to share some additional services we provide our clients including consultation with professional stager, professional photography and videography, 3D Floorplans  and more. 

It's not uncommon for Sellers to become somewhat overwhelmed with what needs to be done in advance of listing their

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Everybody Calm Down! This is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  • 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  • 57% believe the next recession will be as bad or worse than 2008.
  • 55% said they would cancel plans to move if a recession occurred.

Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word recession.

Ali Wolf, Director of Economic Research at the real

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Do You Know Your Credit Score

Many people assume their credit score is too low to qualify to purchase a home. In reality, 84% of Americans have a credit score that would allow them to become homeowners! If you'd like to find out more about what your credit score really means, (it means much more than simply whether you qualify for a mortgage or not) let's get together and chat.

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How to Increase Your Equity

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recentHome Price Expectation Survey (HPES)helps target these projected answers.

Here are the results from theQ2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019 {Locally in the Research Triangle market projections are averaging 5%}
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most bearish 25% of the survey respondents project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?

A substantial portion of family wealth

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What Experts Are Saying Summer 2019

What Experts are Saying About the Current Housing Market

We're halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.

Here is what some experts have to say:

Danielle Hale, Chief Economistrealtor.com

Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so that buyers are able to afford more than last year.

Our outlook implies 4% growth for the remaining months of the year, predicated on more supply than last year, the decline in mortgage rates, moderating home price appreciation and improving affordability.

Lawrence Yun, Chief

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Things To Know Before Buying a Fixer Upper

Things You Should Know Before Buying A Fixer Upper

With the boom of home improvement shows and the growth of entire neighborhoods being renovated it seems like taking on a big project is becoming the norm. So, if you're in the market for a new home, a fixer-upper can be very appealing. A fixer-upper is a home that needs to be renovated and because of this is often priced lower than other homes in the area. The price and freedom to completely customize your home draws in thousands of people every year. This doesn't mean that these homes don't come with their fair share of issues, and potential owners should know the risks. Both Larry Tollen and Andrew Palumbo who lead the My NC Homes Team have extensive experience working on homes. Here are the most

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EmptyNester

Congratulations!

In the next couple of months, millions of students will be graduating and moving out of their parents home. Hopefully you're celebrating; your child has graduated and is moving on into the next stage of their lives and you are about to do the same. Trust me it's good stuff, you and your partner get to spend more quality time together and making plans becomes so much easier. I know this was the case for my wife and I, it's how we ended up in North Carolina. I encourage you to be proud;think about how far you've come since they were first born.

 

Is it time to make a move?

Now may be a good time to take a look at your home and really think about is it ideally what you'd like to spend the next 10-20 years in? What

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Home Buyer Demand

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a "Renter-Generation."

And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!

New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed {Pulsenomics} plan to buy a home in the next five years, with 40% planning to do so within the next two years!

"Millennials want to own a home as much as prior generations," Ali Wolf, Director of Economic Research at "We saw

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