Found 36 blog entries tagged as Real Estate.

When reading about real estate, it is important to remember that there never has been, will there ever be a national real estate market. All real estate markets are local. Supply and demand in real estate is dictated by what buyers are willing to pay and sellers accept, in a precise location. It is imperative to work with a highly experienced Realtor who can filter the national real estate noise to deliver local real estate insights. We would like to offer some reasons why it is important to debunk this national market myth for local Triangle area buyers and sellers.

Markets to Watch

A local market is influenced by a number of factors and does not exist in a vacuum. Job growth, population growth, housing affordability, proximity to desired…

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Creative Ideas as Mortgage Rates Rise

The FED's effort to battle inflation, by increasing interest rates, can be very frustrating, confusing and difficult for home buyers to understand. Many consider the volatility of rates to mean that they should not buy a home now, or that it is too difficult to buy a home with conventional lending. It is true that conventional mortgage rates are much higher than they were just a year ago, however, it does not preclude you from purchasing. Homeowning has many benefits including emotional, stabilized housing costs, and the financial benefits of building equity that make it a smarter decision than renting. With mortgage rates predicted to continue to rise in 2023, we thought this would be a great time to discuss…

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The Emotional Benefits of Homeownership

Are you considering becoming a homeowner? Congratulations! This is one of the biggest financial decisions you can make. You will experience many benefits, including stable housing costs, and building equity, but one thing you may not have considered is the varied emotional benefits of homeownership. Let's outline the emotional benefits that becoming a homeowner holds.

 

Increased Financial Stability

Mortgages unlike rent are most commonly fixed; in other words your monthly payment will remain unchanged unlike rent which year after year continues to rise as shown in the chart below. Rental prices have been skyrocketing for years. Buying a home with a fixed-rate mortgage gives you the opportunity to…

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What's Ahead For Home Prices?

This fall has been a rocky one for financing. With the federal reserve continuing to raise interest rates, borrowers are facing more higher financing costs than in the past several years. We understand that there is a lot of uncertainty in today's market and wanted to share the latest perspectives from economists. Much of our content regarding market fluctuations discusses historic trends in housing and economics and we want to reinforce that when other sectors of the market are more volatile, it does not necessarily mean that housing suffers as well. Let's look at what the market is doing and what the experts are forecasting.

What goes up must come down

Interestingly and not necessarily very reassuring are…

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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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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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We all expected the unexpected when it came to the real estate market in 2020, it was anyone's guess how the housing market would fare. The effect of a global pandemic on markets in the digital age had consequences that are completely unforeseeable, and the boom in the housing market is one of them. Many of our contemporaries and housing economists predicted changes across the board, but few predicted the strength of the market, especially the demand for homes. We have not seen the demand of this magnitude since 2006.

As we are witnessing markets gain more stability with mass vaccines and the reopening of economies, the housing predictions are becoming more cohesive. The second half of 2020 witnessed a veritable boom in real estate, according to…

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Getting Ready for Your Home Inspection What You Should Expect From A Home Inspection

You're under contract and you or your agent has set up the home inspection. It's time to get ready for a roller coaster ride of emotions.

There's the excitement that comes from really getting to take a good hard look at the home you're buying. It's typically the longest time you are in the house before you own it.

There's anxiety. What if the inspector finds something wrong? So wrong you can't buy the house?

Impatience. Where's my report? How bad is it? What's it going to cost to repair these things and how soon do I need to get them all done? Why hasn't the Seller responded to my request yet. Ugh, I hate this, when will it be over?

With countless hundreds of home inspections under our belts; you can…

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Is your home priced to sell immediately

The Best Way to Get Your Home Sold for Top $

Over the past few years when we go to meet with perspective sellers, we frequently hear, "It's a seller's market, let's list it for $$$." In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do. According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher. With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over…

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OK, we'll admit it; we are biased as this is where we live, work and play. North Carolina was ranked # 3 for inbound states. The Research Triangle Area has so much to offer, world class medical facilities, a rich, vibrant arts and restaurant culture, booming economy, easy access to a major airport (RDU) as well as the mountains and ocean. Best of all home prices while rising are still a bargain when compared to major metropolitan areas along the east coast.

The Top States Americans Moved to Last Year [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Americans are on the move, and the most recent Atlas Van Lines Migration Patterns Survey tracked the 2019 traffic flow from state-to-state.
  • Idaho held on to the top spot of &high inbound states for the second time since 2017, followed by Washington State.
  • New York…

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