Will my Home Still Sell in This Market?

The past few years have been a really wild ride for sellers and buyers. During the pandemic, mortgage rates were at record lows, supply shortages compounded already constricted inventory levels, and buyers were buying anything and everything that came on the market. The market has now cooled off a bit and to combat inflation, mortgage rates are up. What does that mean for today's seller? We pride ourselves on providing honest estimations of what our clients should do as buyers and sellers, and we are offering this market analysts to help you make the right decision, for you and your family at this moment. If you would like to discuss your unique case, contact us to strategize further.
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Inside HOA Fees

Are you considering purchasing a home with a homeowners association? Wondering what the fees cover and how often they are assessed? Some buyers avoid purchasing properties with homeowners associations. Whether the fees seem steep or they worry that the association will have too much control over their property, there are pros and cons. Some buyers appreciate knowing that the HOA will insure the community is well kept, some enjoy lawn maintenance and the fact that neighbors have restrictions and duties, which can help retain the value of the total neighborhood. There may be security advantages if the community is gated or patrolled. We wanted to offer an inside look into HOA fees for our buyers. If you are looking to purchase a home…

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Retiring in the Research Triangle

In The Research Triangle we are witnessing a real shift in demographics in the housing market. Many technology companies choose The Triangle because the schools generate so much of the talent that they are looking for. As a result, the market for new homes and and among first-time home buyers is strong, but what may be less obvious is the large uptick in those choosing to retire in The Triangle. There are numerous reasons that make retiring in The Triangle desirable and we are going to list some of the lesser know reasons that The Triangle is an excellent retirement option for those at that stage in their lives. We also have some facts about home equity and retirement.

Healthcare

Whether you are choosing a…

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When buying a piece of property, whether it has a home on it, or it is an investment in land, a survey is an incredibly valuable tool. Surveys may accompany a sale or a buyer may invest in a survey to determine use or future use of land. If you are building a fence, putting in a pool, or simply would like to understand where your land ends and your neighbors begins, a survey is your solution. We would like to offer some reasons to obtain a survey and answer some frequently asked questions regarding a survey.

Surveyors

Surveyors are experts at defining a property's legal boundary. Their process starts by compiling historical surveys, records, and titles, then they write a report that includes photos, street address, a written description of the…

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Think home prices in the Triangle will be falling? Think again. The past two years have witnessed incredible equity gains nationwide and in some areas, well in the double digits. Prices must slow, right? The increase in interest rates will slow down buyers, right? We address these questions regularly with our clients and the indicators point to continued gradual gains in equity and interest rates that are likely to increase, but home prices are far from at a free fall. Let's discuss.

Home Price Appreciation 2022 vs 2021

According to data from CoreLogic, the rise in home prices over the past year and a half show a dramatic increase in the rate of home price appreciation in 2021, where home prices are still rising in 2022, they show a more gradual…

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Most news, is unsettling regarding an impending recession, however, a recession does not always equal a housing crisis. Major housing market indicators have shown some volatility as we are seeing signs of inventory rising combined with interest rate hikes; begging the question is this a correction and not a crisis? My NC Homes explores why a recession does not necessarily equal a housing crisis.

History of Housing Market and Recession

We are in a different supply and demand period. In the past five recessions, home prices typically remain stable. During the Dot-Com recession in 2001, prices grew 6.6 percent. During the 1980 and 1981 recession, prices grew by 6.1 percent and 3.5 percent, and the dips in prices were relatively small, being 1.9…

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We go over many of our buyer concerns on our blog and usually, one of the most common ones is, "Is right now a good time to buy", accompanied by, "Is right now a good time to borrow?" Depending on what your finances look like and how much you have saved for a down payment, it is almost always a good time to invest in real estate. Even with limited inventory, inflation, and increasing interest rates. Let's talk about why this is the case and why you should not necessarily delay home ownership plans in the face of inflation.

First, housing is an asset that over time grows in value so if you have cash and would like someplace to put it so it does not lose value, housing is a great option. Ali Wolf, economist at Zonda posits "If you have cash and are…

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When we hear the words multigenerational housing, depending on what era we relate to, we might be thinking in-laws suites, suites for aging parents, adult children moving back home, or even a combination! In the past two years with a global pandemic, economic uncertainty, and the new normal of hybrid work environments, households are looking a lot different, and multigenerational households and the demand for multigeneration housing options, have never been higher. Let's look at the numbers and take a quick dive into what multigenerational housing is and if it is right for you.


Multigenerational Housing on the Rise 

What are the reasons buyers tell us they are looking for multigenerational housing? For starters, since the pandemic, many loved…

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The Research Triangle offers the best of both worlds in so many ways. It has the rich diversity and culture of a higher education and technology hub, has thriving markets, small businesses, and a happening arts and dining scene. Topping it off is the proximity to nature as well. 90 minutes or less to the ocean, a few hours to the mountains and locally we have amazing hiking and biking trails in The Triangle. We wanted to share some of our favorite hike and bike trails. If you are looking for real estate close to trails, we also are your boutique real estate brokerage. Happy Hiking, Biking, and Spring in the Triangle!

Johnston Mill Nature Preserve

Looking for an easy short and biodiverse hike in The Triangle? The Johnston Mill Nature Preserve…

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Buyers and sellers all want to know with selling prices going up, inventory down, and demand through the roof, are we headed for a crash or a correction? This week we would like to go over some key differences between the market in 2008, during the crash, and the market today. From financing and lending to supply, to foreclosures, there are many reasons to continue to be optimistic and to grow your wealth sustainably in real estate.

Lending in 2008 vs 2022

In the years leading up to the crash, anyone could get a loan. Low down payments with high-interest rate loans were awarded to those with credit scores under 620 regularly. In the years following 2008, there were many homes whose lenders did not properly vet whether borrowers could pay back…

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