Category: Market Update
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December Housing Market Recap
In December, our median sales price increased to $261,800. Low inventory remains a concern, as prices climb, but homes are taking longer to sell, and there are less transactions.
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What 2023 Will Bring For The Hickory NC Housing Market
From tight competition to aggressive rate hikes, 2022 was a very unique year for the housing market. With house sales steadily declining into the beginning of 2023, many people are wondering if 2023 will be the year to buy a home or perhaps keep renting. Many sites online say that the housing market could have […]
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The 2022 Housing Market: Record Highs and Record Lows
The 2022 market was one for the books. We saw some positive all-time highs in 2022, such as home values, and some other highs that aren’t so positive (like interest rates). We also saw record lows. Record low interest rates and record low days on market were the new normal in the early months of […]
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Mortgage Rates Fall For The Fourth Straight Week
Interest rates have dropped for four weeks in a row, here is why they dropped and what we can expect next.
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November Local Real Estate Report
It’s a new month- and that means it’s time to take a look back at last month and identify some trends we are seeing in the Real Estate market. With interest rates rising last month (then abruptly dropping .60 points), this report shouldn’t be surprising- it shows slight downturn. But the drop in rates is […]
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Recession vs Crash: What To Expect From Our Housing Market
The Real Estate Market in North Carolina has started to see the affects of rising rates and lower demand, but here are a few reasons why the market will not crash again like it has before.
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The Real Estate Market in North Carolina
The real estate market has a lot of buzz surrounding it, and it can be hard to tell what information is factual and what is just a headline designed to secure the most clicks… so instead of listening to opinions, let’s go over some cold hard facts provided by Redfin using MLS data and public […]
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Experts Claim We Are In A “Housing Recession”- At Least, In Some Aspects
Just months ago, the market was at the peak of what we’ve experienced. Prices were increasing every month and it seemed like you could sell a house within just a few hours of it being listed. Now, some are saying we are in a Housing Recession- at least, in some aspects. Well, it’s no surprise […]
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Sellers VS Buyers Market
I’m sure most of us are hearing all the time that we are currently in a seller’s market, but what exactly does that mean? The short answer is the demand for housing is higher than the inventory. A buyer’s market, as you may have already guessed, is the opposite. There are some key traits that […]
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Homebuyer Competition Drops to Lowest Level Since Beginning of Pandemic
The demand for single-family homes has rapidly climbed in the past two years, as the coronavirus shut down encouraged people to look for more living space. The increased demand, limited by low inventory and encouraged by low interest rates led to home appreciation unlike anything we had seen before- until last month. According to a […]