Durham Real Estate Blog

Durham-Chapel Hill Ranked Among Top Places Where Women Are Buying Homes

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. 

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Triangle Home Sales Start Soft For 2019

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...