Market Updates

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

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

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]

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?

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!

My thoughts on the numbers. . . In the housing price data below, Cary and Morrisville had the greatest number of competing offers, however, price increases didn't necessarily reflect that competitiveness. While Cary had competing offers on 32% of sold properties, the year over year sales price … [Read more...] about Raleigh Housing Market Update: October 2023

All real estate markets are LOCAL. This means that even within a small geographic area like the Triangle, there isn't just ONE real estate market. There is a market for every price point, in every town, and they're all different! Here were our 2023 Market Predictions. Median Price Change … [Read more...] about Raleigh Housing Market Update: September 2023

Zillow is predicting a significant price increase in the housing market in 2024. Robert Shiller, is not jumping on the bandwagon. If you don’t know who Robert Shiller is, he predicted the .com bubble in the early 2000’s. And then in 2007 predicted the 2008 housing market crash. While the … [Read more...] about Housing Market 2024 Predictions: What You Need to Know