Have you thought about buying a home or investing in real estate? As you would when buying real estate like people, you are stimulating the economy, waiting for the stimulus package, or listening to the negative press.
Well, this is a good time to buy, and the housing market in and around Raleigh is doing well.
Raleigh, NC, has been listed as the 6th healthiest home in the US in 2009, according to new articles in Builder Magazine. No wonder. The Raleigh-Durham area is consistently ranked among the top 10 cities in the US and is a popular relocation option for families.
According to an article in Builder Magazine, they surveyed the top 75 homes in the country. The article looked at population trends, job growth, house prices and number of building permits to determine the top markets. The article describes which of the healthiest housing markets are approaching the ocean, mountains or major universities, and there has been no significant rise in the price of housing. The Raleigh area has all of these attractive features, including four seasons, comfortable climate, affordable living, Research Triangle Park (RTP) and more.
The US Census Bureau announced that the Raleigh-Cary area is one of the fastest growing metro areas between 2007 and 2008, from July 2007 to July 2008, with 4.8 percent of the population growing in the Raleigh metro area and most people still do not. buying houses. In addition, Forbes recently located Raleigh as a US employment growth.
The triangle housing market is more stable and stable than the rest of the country. The homes here have not diminished. According to the Triangle Residential Residential (TARR) report, Triangle Residential Homes are between 2 and 4 percent. US homes average 8.2 percent less.
Many homes have been sold for a short time to their highest value. For example, a search for single-family North Raleigh homes in the MLS area of $ 275 to $ 325K resulted in just 73 searches in the market with a median of 54 days on the market. This does not qualify as a surplus in our market. This is also an indicator of why most of our market areas have performed in the last 12 months.
However, if you have the patience, you can find a deal, not break it. Most of what is on the market is long overdue because the initial asking price was too high. These are starting to fall in price.
Interest rates are 37 years old; If you wait, think that you can get a lower price on a home if you are going to raise rates in the long run. In any case, saving on a possible sale price would result in a higher interest rate increase over a 30-year loan.
When the market starts to turn to the seller market, it will happen quickly. Proper prices and best-of-breed listings will be sold immediately upon entry into the market.
This is a good time to buy a home. Talk to a real estate agent about listings in the Raleigh area. Contact your mortgage broker to take advantage of low rates.