With International Women’s Day having recently come and gone, it was a great time to learn that the Durham-Chapel Hill market ranked among the top places women are buying homes right now.
According to a recent study from SmartAsset, women are facing more challenges when trying to purchase a home, and part of the problem is directly related to the gap in gender pay (the U.S. Census Bureau has found that women earn about 81 percent of what men do).
As a result, women had a higher loan-to-income ratio in 348 of the 402 metros SmartAsset analyzed.
New figures show a slight softening of home sales in the Triangle. For January of this year, homes sales were down about six percent over the previous year.
When it came to home resales, sales slid eight-percent. Home resales reflect existing homes that simply traded hands.
Those numbers are pretty much in line with the rest of the nation. While home prices keep going up, sales are softening and even starting to decrease when compared to previous years.
Analysts have said slower sales are due to rising home prices and an increase in mortgage interest rates. They say that’s translated to fewer people jumping into the home buying process.
In reality though, mortgage interest...
Looking for that perfect Durham home with plenty of living space this spring? Start your search in the following neighborhoods to find a great deal on a four-bedroom home right now.
For a four-bedroom home in a master-planned community, consider the neighborhood of Brightleaf. Opportunities exist right now for a two-story home with at least 2,500 square feet of living space.
Another planned community makes room for hundreds of homes, and some lots...
Wondering where homes sold the fastest in the Triangle in 2018? Here’s the latest data from the Triangle MLS, which was also recently featured in the Triangle Business Journal.
- Median days on market: 5
- Average days on market: 6
- Average sales price: $191,000
- Number of sales: 32
- Median days on market: 4
- Average days on market: 9
- Average sales price: $219,000
- Number of sales: 135
- Median days on market: 4
- Average days on market: 6
- Average sales...
The luxury home market is still strong heading into the spring market, especially in some of Raleigh's most sought-after neighborhoods. Desirability and demand aside, though, here's a closer look at where you'll find some of Raleigh's priciest homes on the market right now.
Morning Mountain Estates
As one of Raleigh’s most exclusive neighborhoods, Morning Mountain Estates is the place to search for large homes and a large amount of acreage. One of the priciest homes on the market right now includes 12-thousand square feet of living space, and is priced at $5.5 million.
More upscale homes can be found in Still Creek....
Thanks to steady job growth and an affordable cost of living, the Triangle housing market remains one of the more competitive mid-size markets in the country. And while most of us who already live here are well aware of that competitiveness, a new report from realtor.com further demonstrates just how robust our market can be, especially when it comes to flipping homes.
According to the data, Raleigh registered the highest year-over-year home flipping increase in 2018, edging out a number of popular retirement destinations like Orlando, Phoenix, and Las Vegas.
The report, which studied a whopping 200 markets, examined home sales from last July, August and September, and then proceeded to compare those sales...
Townhomes are very highly sought-after right now, especially among young and first time home buyers on a budget. Along with being more affordable, most townhomes also offer the comfort and convenience of being maintenance-free, further boosting their appeal to those in the market for a new place to live. And if you're looking for a townhouse in Raleigh but only have a budget of around $300,000, we have a few great places in mind that may be the perfect place to begin your search.
One great place to search is ...
If you’re thinking about buying a home in 2019, you'll probably want to consider buying sooner rather than later.
Why, you ask? We explain below...
HIGHER MORTGAGE RATES
To start, mortgage rates are rising. While still low for now, the 30-year, fixed rate mortgage is expected to reach 5.8-percent by the end of 2019. That’s something we haven’t seen in about a decade, and a good reason to buy early.
RENT PRICES ARE STILL RISING
Nationwide, rent prices are also expected to rise. Thanks to a good economy, rental prices should be on the upswing, again making now a good time to buy.
STRONGER BUYER COMPETITION...
If you're planning to buy on a budget in 2019, we have a few places in mind that may be the perfect place to start your Durham home search.
Southland Park is a great place to begin your search for a new home. With several affordable options in homes for 2019, the area offers three- to four-bedroom homes, priced in the low to mid $200,000s.
Another great community to search is Dunbarton. With a number of different home designs and mature landscaping, it’s possible to find up to a four-bedroom home here for under $300,000.
With Turkey Day right around the corner, what better way to get in a Thanksgiving-kind-of-mood than to browse Triangle area homes with some of the most incredible kitchens you'll find anywhere? And if you happen to be someone who's in the market for a beautiful new place to call home, even better! Below are just several area subvisions and communities that truly feature homes with Thanksgiving-worthy kitchens, but the list doesn't just stop here. Continue searching other luxury homes for sale in the Triangle area to keep the fun going!
The Hills of Rosemont (Durham)
If you really want to make a statement, ...