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Monday, July 1, 2019   /   by Terri Bias

3 Things to Know in the Housing Market Today!

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.
1. Interest Rates
One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.

2. Building Materials
Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much as $10 billion in goods imported from China are used ...

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  house for sale, real estate, realty, selling, home, house, north carolina, economic, interest rates

Wednesday, June 19, 2019   /   by Terri Bias

Starting The Search For Your Dream Home? Here Are 5 Tips!

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.


1. Get Pre-Approved for a Mortgage Before You Start Your Search


One way to show you are serious about buying your dream home is to get pre-qualified or pre-approvedfor a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.


This step will also help you narrow your search based on your budget and won’t leave you disappointed if the h ...

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  house for sale, real estate, realty, selling, home, house, north carolina

Monday, June 17, 2019   /   by Terri Bias

5 Reasons To Sell Your Home This Summer!

Here are 5 compelling reasons listing your home for sale this summer makes sense.


1. Demand Is Strong


The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.


Take advantage of the buyer activity currently in the market.


2. There Is Less Competition Now


Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.


Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to ...

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  house for sale, real estate, realty, selling, home, house, north carolina