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Found 26 entries about Real Estate Market Reports & Data.

Will Surging Unemployment Crush Home Sales

Ten million Americans lost their jobs over the last two weeks.

The next unemployment rate will be announced on May 8th. It is expected to be in the double digits. Due to the health crisis; the economy has essentially come to a screeching halt; and many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist both those who have lost their jobs as well as  the companies which were forced to close (think: your neighborhood restaurant). In a recent interview he said:

"This is a planned, organized partial shutdown of the U.S. economy in the second quarter. The overall goal is to keep everyone, households and businesses, whole."

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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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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

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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Downtown Raleihg by Money Magazine

According to a new study by Apartment List, 59.4% of Raleigh metro renters choose to move to the Raleigh metro for the job, making it #2 metro in the nation for job-first movers.

Growing job market with large technology companies, start-ups and job opportunities in science and academia make the Research Triangle surrounding Raleigh appealing to new Science, Technology, Engineering and Mathematic (STEM) grads. Combined with relatively low housing prices, the Triangle is the next go-to destination for tech workers around the nation. Despite rapidly increasing rent prices, Raleigh, Durham and Chapel Hill are still more affordable than most tech centers.

Location Vs Jobs

According to the study, only 25% of Raleigh metro renters are plan on settling down in the

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2018 Research Triangle Real Estate Market Trends

It's the season for the loaded question that is on all of my homebuyers and sellers' minds, “What are the 2018 trends that we will see in the housing market?”. Our clients count on My NC Homes to know the upcoming market trends for the upcoming year and 2018 is no different. It is impossible for anyone to really “know” what the future holds, but with over 50 years of experience, we can read the market maps to better understand the indicators that guide our clients to make a better decisions.

2018 Real Estate Trends in The Triangle Region

In 2017, many of the Triangle homebuyers found themselves frustrated with the hot” sellers market around the Triangle. All around the area competitive offers on homes were turned away as they were edged out with

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Millennial homeowners are focused on financial success

A family, a job, a home with a white picket fence: all these things are associated with what we call The American Dream. For decades, Americans have pursued this idyllic life. After graduating college, it’s expected that people will get married, settle down, buy a house, and have kids. But today, The American Dream is changing.

Research shows that millennials are changing the definition of The American Dream.

What is a Millennial?

Many news articles and reports these days discuss trends involving the Millennial generation. Just like the Baby Boomers and Generation Z, millennials are one of the six living generations in America today. Millennials are individuals born between 1981-1997, making them one of the largest and most prominent

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Chapel Hill apartment values double in three years

Now is the perfect time for investment property seekers to looking into buying a rental home in Chapel Hill. Over the past three years, we have seen the value of Chapel Hill apartments nearly double. This upward trend is a good sign for those interested in investing in Chapel Hill property.

It Started with a Massive Renovation

Three years ago, some Chapel Hill neighborhoods were not as desirable as they are today. With rising crime rates and apartment buildings that had not seen any recent renovations, the value of select neighborhoods was low. However, that changed when prominent Chapel Hill real estate investor, Daniel Eller purchased then Timberlyne Village Apartments, as they were known back then.

Once acquiring the property, Eller set to

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It will only be a few short weeks before the temperatures start to rise, the Forsythia and Jasmine will be showing off their bright yellow buds, then the Azalea's will start to bloom. So, let's get ready for the Spring Market.  

You must be prepared because right now inventory is still very low and prices continue to clime. We are often asked why prices seem so high in Durham as of late and it is true that they have risen quite a bit, Zillow is reporting a 7.7% increase for 2016. Durham is a great place to live, with a good job market, great research and medical facilities, outstanding restaurants, arts, and recreation so it is no wonder prices are high right? However, if you take a deeper look, prices really aren't that high...

If you compare

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December 2016 real estate market statistics

As we come near to the close of 2016 it's time to review what the market has done in the Durham/Chapel Hill Area and update the numbers from our Spring Market Report. The Triangle has been on fire for the last several years and 2016 was no exception.

We continue to see low inventory and prices have continued to rise. One might have thought that the elections and the following uptick in interest rates might have slowed things down but this hasn't been the case. Here’s a closer look at some numbers broken down geographically.

Durham County

Focusing on single-family homes, We see total sales volume up 6% and the average priced sale up 5.6% to $245,862 when comparing 2016 to 2015. In addition we find the average days on market is down 17% from

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Raleigh in particular could see home prices rise 4.16% next year with an estimated growth of 7.6% in home sales, which could make them one of the 10 strongest real estate economies in the nation next year.

The report ranks Durham –Chapel Hill just a few spots behind Raleigh, with an expected increase of 2.55% in home prices and 8.95% in sales. So far this year,

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