REAL ESTATE TIPS

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.  Read More

$15.3 BILLION IN WAKE COUNTY REAL ESTATE CHANGED HANDS IN 2019

-          Courtesy of Drew Ludlow
          Broker/Realtor® - Ludlow Real Estate Group

For both the fourth quarter and full-year 2019 the value of Wake County real estate transactions is up compared to 2018 according to data released by Charles Gilliam, the Register of Deeds.

During the fourth quarter of 2019, the value of transactions was $4.3 billion compared to $3.7 billion in the same 2018 period, an increase of about 16%. 

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ECONOMISTS: MORTGAGE RATES LIKELY TO GO LOWER IN 2020

-          Courtesy of Drew Ludlow
         Broker/Realtor® - Ludlow Real Estate Group

 In the last month, mortgage rates have fallen to their lowest monthly averages in more than three years, and economists predict they’ll stay there well into 2020—and even possibly lower. Last week, the 30-year fixed-rate mortgage averaged 3.65%, down 1.06 percentage points from a year ago, Freddie Mac reports. The lower rates are translating into savings for home buyers.
 

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The Cheapest and Priciest Places To Live in the U.S
El Paso Texas and Lincoln Nebraska are the cheapest places to live in the U.S while San Francisco and New York are the priciest cities according to a new study by Move.org. Raleigh ranked #38 among a field of 75 cities that were analyzed for affordability.

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NAR: Home Sales Climb, Sellers Are in a Good Position
According to the National Association of Realtors (NAR), existing homes sales took a 3.6% bump up in December despite the fact that we are still riding a Seller’s market with housing shortages continuing at the start of 2020.  
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