Sell! Buy! Mortgage Rates!Attention grabing headlines can be very destabilizing for buyers and sellers in today's real estate market. One of the biggest concerns for potential homebuyers and sellers is prices; are they going up, coming down' do you see inventory increasing; these are questions we hear almost everyday. Amidst the barrage of news headlines, it's really important to approach reports with the proper context. Let's explore the misconceptions surrounding home prices and why it's crucial to understand the concept of seasonality in real estate. By focusing on the market's normal seasonal trends and avoiding alarm caused by big headlines, we believe you'll be better equipped to navigate the housing market.

The Anomalous Years

Have…

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If you are considering selling your home either to take advantage of the market or due to financial distress, saving money by not enlisting the assistance of a Realtor, might seem like a savings. However, attempting to do this on your own without the guidance and expertise of a licensed Realtor could cost you much more money than you stand to save. Let's explore the why advantages of partnering with a real estate agent and why using a licensed Realtor outweighs potential savings. Our expertise is crucial for your home sale.


Exposure

Realtors have access to various marketing tools and platforms, including MLS listings, professional photography, virtual tours, and extensive professional networks. Their reach gives your home immediate exposure…

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Inspections play a critical role in ensuring the safety and, in turn, the value of a property. It is important to understand the distinction between permit inspections and home inspections when buying or selling real estate. Often buyers and sellers confuse permit inspections for home inspections. These two types of inspections are both important for different reasons. To best protect your investment, you should understand the difference to make informed decisions during the buying or selling process.

Permit Inspections: Compliance with Building Codes

Permit inspections ensure that construction or renovation work adheres to local building codes and regulations. These inspections take place during or after construction projects, such as home…

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Are you having a difficult time discerning whether right now is a good time to invest in real estate, due to concerns about inflation? If you're considering buying a home in Durham or Raleigh, North Carolina, you may be dissuaded in making an investment because of the impact of inflation on your daily expenses, such as groceries and gas. However, as a renter, you may also have noticed that your rent is increasing as well. Given these elevated costs, it might seem counter intuitive to buy a home, however in the current market, it is a vital way of not only protecting your wealth, but of building future wealth.

Building Equity, Stabilizing Rent

Homeownership actually provides a shield against the rising costs brought about by inflation. According to…

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With decades of experience listing and selling homes in the Research Triangle Park, we have been asked annually and repeatedly, is summer a good time to sell? When is the best time to list my home? If you're considering selling your home in Chapel Hill or Durham, this summer, like any summer, it's important to understand the current national and local market conditions. This season however we are seeing fewer sellers listing their houses for sale compared to most, making it a really great time to list, Inventory is constricted, meaning you get the highest value, best terms, and more favorable conditions as a seller. Let's talk more about whether right now, really is The Best Time to Sell Your Home in the Triangle.

April 2020 and Now

Looking back…

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As the temperatures rise, days grow longer and schools let out for the summer, we are ready to be outside for as long as possible! North Carolina is a nature lover's paradise, offering a diverse range of outdoor destinations within a 100-mile radius of the Research Triangle Park area. From trails to lakes, to beaches and mountains, adventure is just a short drive away. My NC Homes offers a list of some of the top Get Outside destinations that residents and visitors of Raleigh-Durham can explore this summer.

Hiking and Biking Trails

The RTP region boasts numerous trails that cater to all skill levels for hiking and biking. William B. Umstead State Park, minutes from downtown Raleigh, offers over 20 miles of multi-use trails through woodlands,…

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Summer months are approaching and here in NC it's not uncommon for us to hear from homeowners that their energy bills have skyrocketed. You may have already noticed the increases in energy costs this winter. The price of energy and the policies that support homeowners upgrades towards energy efficiency have many homeowners wanting to make home updates, but where to start? We would like to offer an energy efficiency cheat sheet.

The REAL Cost of Energy Inefficiency

Inflation contributes to increased living costs from food to goods and services. One way that homeowners can reduce living expenses is to transition to more energy-efficient homes. To better understand just how much the price of energy has increased, consider these statistics from the…

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According to NAR, since 1981, single women have purchased homes more than single men and account for 17% of homeowners. Homeownership has financial and emotional benefits that benefit all genders. Where we see a rise in women homeowners in the past 30-plus years, we want to outline some of the benefits of homeownership women experience and why The Triangle is a great place for investment and living.

Homeownership Benefits

"For single women, housing has always made up a large share of total assets. Over the last 30 years, the average single woman's wealth has increased 88% on an inflation-adjusted basis, from just over $142,000 in 1989 to $267,000 in 2019, and housing has remained the single largest component of their wealth." Ksenia Potapov,…

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According to Bankrate analyst, Greg Mcbride, two out of three economists are forecasting a recession in 2023, and many of our buyers are hesitant to make a move towards homeownership within a climate of economic uncertainty. However, the housing market and housing health in the Triangle area are not necessarily related to a recession. In fact, historically, mortgage rates decline during a recession, making it a better time to buy. Let's explore how mortgage rates and the economy have been related and how buyers can benefit from conditions.

Mortgage Rates and Recession

What is a recession? This is a period where the economy contracts, rather than expands. In the last six recorded recessions, 1980, 1981, 1991, 2001, 2008, and 2020, mortgage rates…

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Many people are thinking about buying homes in 2023. If you are new to home buying, you might be wondering if now is really the best time to buy. It is normal to second guess yourself when so much money and your future is on the line. There are a few national factors and also some considerations that are common knowledge to realtors, but might not be known to you, regarding the soundness of investing in real estate in 2023.

National Market Conditions

We are not seeing home prices fall dramatically. On the contrary, in some local markets, home prices are inching up. The Triangle is still experiencing a shortage of homes and many buyers can be frustrated by bidding wars and a continued advantage of sellers, however, this is indicative of a strong…

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