How’s Our Raleigh Market Doing This October?

In our current real estate market, the sooner you are stable enough to own a home,
the sooner you can build your financial future.

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How is our 2017 market looking now that we’re into October?

As you know, much of the real estate market flows with the economy, and the economy is improving. Interest rates are low and employment is high, and that’s perhaps why Gallup recently voted real estate as the best long-term investment out there.

 

Real estate is the best long-term investment out there.

 

So, should young professionals invest in a 401(k) or buy a home? To quote Loretta Sanchez, a member of the House of Representatives, “Homeownership is the first rung on the ladder of wealth creation in our nation.”

Of course, I agree with her. The sooner you are stable enough to own a home, the sooner you begin to build your financial future.

If you have any questions about our market or you’re thinking of buying or selling a home in the Raleigh area, don’t hesitate to give me a call or email me. I’d love to help you!

2 thoughts on “How’s Our Raleigh Market Doing This October?

  1. Marti,
    Do we still have the situation in the Triangle where homes under a price point (say $400,000) give us a “seller’s market” and the homes over a price point (say $500,000) put us in a “buyer’s market” ? If so, based upon your latest impressions where is that price point this fall ? Is that price point rising or falling over time ?
    Thanks.

    1. A politician once said that we have two Americas! Currently, we have 2 markets in Triangle Real Estate: a strong, Buyer’s Market and a strong, Seller’s Market. However, labeling all homes under a certain price point (say $400K) as “Seller’s Market” and all homes above a certain price point (say $500k) as “Buyer’s Market” is a sweeping generalization that may cost you a lot of money. One size does not fit all in real estate; real estate is local — right down to the subdivision, and, many times, even the street within that subdivision. That is why headlines are deceiving, and missteps in real estate can cost thousands! Do not price your home based on headlines. Call a professional real estate broker that you trust.

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