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

iBUYERS: WHAT IS THE “COST OF CONVENIENCE” WHEN SELLING YOUR HOME?
-          Courtesy of Drew Ludlow
          Broker/Realtor® - Ludlow Real Estate Group

When thinking about selling their house, homeowners have many options. A relatively new option is using an “iBuyer.” What is an iBuyer?  According to Jovio, the definition is:
“A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It allows sellers to close on a property quickly. Once sold, the company then turns around and resells the home for a profit.”

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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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Freddie Debuts Remodeling Loan for Fixer-Upper Buyers
Freddie Mac says its new mortgage product is to help home buyers finance or refinance fixer-uppers.

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Freddie Mac’s Multifamily 2019 Midyear Outlook
In their Multifamily 2019 Midyear Outlook, Freddie Mac says that strong economic growth, low interest rates and high investment demand continue to support strength in the multifamily market. 
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Value of Wake real estate transactions up 3.0% in 3rd quarter 2019   
In the third quarter of 2019 the value of all Wake County real estate transactions was up 3%, and lending activity was up a substantial 30.6% compared to the same period in 2018.
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