Buying a home in Raleigh and Durham is already difficult, but new economic considerations threaten to create the markets even more competitive. “The virus has been controlling the economy for the last two years,” said NC State economist Mike Walden” Now that the infection has passed, we have another event over that we have no control: the Ukraine war, which […]
How Inflation And Gas Prices Are Affecting The Housing Market
Raleigh Housing Market
Housing Market Trends And Forecasts In Raleigh 2022 Examining real estate information from many sources allows us to get a far more comprehensive picture of a market’s trend. We’ll now look at some of the most current housing trends in Raleigh, as reported by several sources, and compare them to previous years. We’ll mostly talk about median property prices, inventory, […]
Raleigh Sees Largest Decline In Inventory Over 2 Years, Ranks Top In Nation
There are roughly half as many homes for sale in the United States currently as there were before the outbreak. Raleigh is particularly affected by the dwindling inventories. According to Zillow’s most recent monthly market report, Raleigh’s market has seen the biggest drop in inventory over the last two years. According to Zillow, there are 70% fewer houses on market […]
Permits For New Homes Increasing But Building Process Filled With Delays
For purchasers looking to get on one of the greatest housing markets in the world, a shortage of homes in North Carolina remain a major concern. More permit for new residential construction is being authorized, according to the ABC11 I-Team, but relief may not be as simple. “The length of timeframes is arguably the longest it’s ever been. On the […]