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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If you are considering selling your home this summer and had the thought that you could save money by doing it yourself, think again. There are many points in a sale of a home that require deft negotiation and as with most things "experience counts" to ensure that your property, security, and finances; are protected. Lets go over the benefits of using a reputable, experienced local Realtor to sell your home smarter this summer.

Understanding Market Trends

Currently there is a lot of fluctuation in the market. Rising mortgage rates, increased home prices, and restricted inventory all affect your home price; selling potential and overall marketing strategy. The best Realtors are constantly watching trends, studying local markte data and know…

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One of the questions we get asked most frequently from sellers is, "Should I update my home before selling it?" The reason so many sellers ask is that they are concerned that either they will lose money if they don't update or that they don't have the money they would need to make the updates and are concerned that we're going to "require" them to do so. We could possibly rank this as the most misunderstood element of home selling by sellers. Certain updates will impact the value of your home more than others. Certain curb appeal, low cost, elements help it attract more buyer attention. While expensive renovations are largely unlikely to recoup the money spent, let's go over what is and is not an update you should make in this month's Ask a…

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Prices are rising, homes continue to appreciate, sellers are getting above asking price, homes are closing in record time, How many of these phrases have you heard or seen on social media regarding the 2022 housing market? We are a bit of a broken record the past two years, but it remains a sellers market, and if you haven’t sold your home, but have been thinking about it, or planning, we want to discuss whether this spring is the right time for a move.

Let's start by considering inventory. According to NAR, in February, the average home sold got 4.8 offers. We are seeing multiple offer situations in The Triangle and well-priced homes are selling very very quickly. Buyers are making considerations like waiving contingencies, putting in offers over…

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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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When you are looking for anything, you most likely grab your phone and look it up online first. We would like to make the case for not conducting a home search online, even though you are reading this online! I doubt anyone who has spent any amount of time on the Internet will be surprised to learn that it's filled with misinformation, some of it intentional some unintentional. The internet is really the last place you should be looking for a Realtor or a house. Listing information can be outdated. Zillow's "Zestimates" and every other automated valuations (including ours) provide rough valuations at best. While "Best Realtor" websites are deceptive, and more. This week we are going to discuss when the internet is and is not your friend in real…

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As many of us have taken stock of what is and is not working in our lives, and homes, in 2021, we make resolutions for improving ourselves, and our homes, in 2022. Some people are naturally organized and neat, and others need some help. If you are considering selling your home, being organized and having the home neat is paramount to getting the best price and terms, regardless of how advantageous the market is for sellers. Remember; "You only get one chance to make a good first impression." Here are some surprising strategies for decluttering that really last through the year. If you are considering selling in 2022, this is a perfect time. Contact My NC Homes for our pricing and marketing strategy. In addition, we will pay to have a professional…

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It occurred to us as we head into the holiday season, that our recent market coverage content is similar to A Christmas Carol by Charles Dickens. A cautionary tale for the Seller waiting for prices to rise another 15-20%. While home prices continue trending upwards right now, they are decelerating or slowing as the Fed has made it clear that it intends to raise interest rates in the next few months. For those looking to sell their home and buy another, sooner may be better than later before rates start to increase. But you do not have to take our word for it. This week, we assembled the top real estate expert predictions for the housing market in 2022.

In our research we came across a wide array of “expert” opinions on the real estate market. Which…

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The past two years have presented a number of unpredictable conditions for the housing market, confounding experts, and novice housing observers. What do you get when you add global supply shortages, labor shortages, a rapid shift in buyer preferences, to a housing market in short supply? Moreover, what also should we expect with regard to inflation and mortgage rates? Is the recent surge in demand and pricing indicative of a boom or are we in for a big bust? Should I buy or sell right now or wait this out? In this Blog, we are going to take a look at the past to give insight to the current housing market. Be sure to check out the link below to last weeks Blog to see what we believe the future holds for home prices here in the Triangle

What are…

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