Economic Update & Local Housing Impact

I wanted to reach out and touch base regarding the local real estate market in relation to all of the ongoing news and economic issues. The Triangle real estate market is strong compared to anywhere else in the country, with an average appreciation of +4.8%, the USA appreciation rate is -4.8% . Although activity on listed properties has slowed, WOW what a Buyer’s market! If you are interested in investment purchases or “moving up” now is the time. Email Subscribe@NoseyNeighborz.com and put the name of your favorite subdivision in the subject line to begin receiving notices of new listings on the market in your favorite neighborhood.

The 2 main reasons buyers in the Triangle are not willing to “pull the trigger” on a house purchase are 1) 57% are skeptical of the market conditions and 2) 62% cannot sell their current residence . The good news is that 61% of people surveyed feel that market conditions will improve. If you know someone who is considering Buying or selling real estate anywhere in the country tell them to get off the fence and take advantage of this market.

Making a real estate purchase is the best way to contribute to turning this economy around. Interest rates are low and prices are a steal – the bank will give you a loan if you can actually qualify and afford the purchase (there is no more “free money”). Call our team for more information about how to interpret the economic impact on real estate and lending.

A few tips - Be Smart, Shop Around, and Hire a Negotiator who will help you take advantage of this market. If you are looking to purchase an investment property or “move up” as a Seller, call Sara & Team for a consultation on what your home might sell for in today’s market. Working as your real estate partner, we can help you capitalize on equity on the Buying side of the transaction.

Thanks, Sara & Team