Home Mortgage Rates are at a 50 year low! Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.80 percent, the lowest rate in the survey’s history, which dates back to 1971.“Mortgage rates remain very low, providing homeowners who have not already taken advantage of […]
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April is normally the height of the spring real estate market. In the Raleigh.- Durham spring market luckily started in January this year. This was mostly due to mild winter temperatures throughout the south-east. Buyers were out shopping for new homes in Raleigh in preparation for early 2020 moves. Numerous properties were coming on the […]
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March through mid-April 2020 Real Estate across The Triangle is up in total number of sales, along with median sale price from March 2019, while active inventory is down by more than 20%. Sold versus list price averages 99%, which is consistent with one year ago. What does this mean? So far, real estate values have […]
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Like many of you, I’ve been actively monitoring the developments around the coronavirus. It’s a fluid situation that’s continuously changing. The long-term impact is not yet known, but here’s a look at the current conditions, as of March 23rd. All-Time Low Mortgage Rates Over the past year or so, mortgage interest rates have been declining […]
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There’s quite a bit going on in the world right now—impeachment hearings, Brexit, tensions with Iran, trade issues with China and, more recently, the coronavirus. If you’re thinking of buying or selling a home this year, you may be wondering what effect, if any, these domestic and global events can have on real estate. Here […]
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Happy New Year! The start of the year is always an exciting time. It’s a chance to plan for the future and look back on the past year. It’s also the time of year that I hear from many clients who want to know how the real estate market ended and where it’s headed. […]
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Winter Home Maintenance Tips Fall is officially here. Before colder weather arrives, there are a few things you should do to prepare your home for the the winter. Taking these steps now can help ensure you’ll go through fall (and winter) without any problems. Shut off outside water faucets. Close valves inside the house, then […]
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The Costs of Buying a Home in North Carolina Congratulations! With the help of a Realtor, you have negotiated the purchase price and terms for your future home . . . you are officially under contract! You may be wondering, “What other costs should I expect to pay when buying a house?” Generally, closing costs […]
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Home Inventory Shortage No matter where you look, inventory shortages are driving the real estate market. With fewer properties for sale, home prices have grown higher while sales periods have tightened. These conditions present tremendous opportunities for sellers, but it can be worrying for those individuals who also need to buy a new property after […]
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The flourishing city of Apex has been named as a top 10-ranked community in major publications: Business North Carolina, Money, CNN/Money, and Forbes. The unique mixture of historic homes, restaurants, and specialty shops gives special meaning to the motto: “Apex, the peak of good living.” Plan your calendars with upcoming events and festivals in the […]
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