Here were our 2023 Market Predictions. Our final market update for the year shows the most important thing to remember about monthly market updates. Most reports will track median prices as their primary metric of market health. While they are a good way to keep an eye on trends...they don't … [Read more...] about Raleigh Housing Market Update: December 2023
NC Insurance Rates to Skyrocket?
What’s Happening with Insurance Rates: FACTS Last week, the North Carolina Rate Bureau requested a massive increase in homeowners insurance rates. They asked the NC Department of Insurance to increase the rates by an average of 42% across the state. We’re going to talk about Unlike … [Read more...] about NC Insurance Rates to Skyrocket?
Small Towns near Raleigh, NC: Tired of the Rat Race?
These small towns near Raleigh, NC can get you out of the rat race, without taking you too far away from the shopping, dining, and recreation amenities we all love. We’re going to look at 3 small towns near Raleigh, and all of them are on the northeast side of Raleigh. We'll update this post with … [Read more...] about Small Towns near Raleigh, NC: Tired of the Rat Race?
Raleigh Housing Market Update: November 2023
November saw year over year median home value drops in all but 4 towns in the Triangle. [scroll down to see the chart] If this was a month over month change, I wouldn't even be talking about it, because we EXPECT to see lower prices in November. There is usually less competition during the … [Read more...] about Raleigh Housing Market Update: November 2023
Best Places to Retire in North Carolina: Lies and Statistics
You're looking for the best places to retire in North Carolina. Letting an algorithm tell you where to live is a great way to end up in a town that you hate. Over the last few years I’ve gotten dozens of calls with this same story. . . people asking me to help them out of a big mistake. … [Read more...] about Best Places to Retire in North Carolina: Lies and Statistics
The Scary Economic Impact of MiddleEast War: [Mortgage Rates]
War is horrific. And besides the innocent victims of violence, there are trickle down effects into other parts of life. Like housing. We thought we were almost through the worst of the housing market. In just a few more months, many people expected rates to start trending down and finally regular … [Read more...] about The Scary Economic Impact of MiddleEast War: [Mortgage Rates]
Redfin Predicts Even More Rate Hikes: Will Rates Ever fall?
In April of 1980 mortgage rates hit an unheard of 15%. Alongside this spike in rates, came an unemployment rate of around 7% which was high. But nothing compared to what was to come. That summer, a sharp 4% drop in mortgage rates made Americans feel slightly optimistic, but it was the calm … [Read more...] about Redfin Predicts Even More Rate Hikes: Will Rates Ever fall?
This is the #1 reason home prices aren’t falling!
Last week, someone made this comment on my channel. They said, “Look for prices to come down nationally by 40-50% by 2027….the market always corrects.” And it makes sense that a lot of people think this. Look at the headlines from this week. Incomes are Falling, Average Household Debt is over … [Read more...] about This is the #1 reason home prices aren’t falling!
