Biggest Rate DROP in 18 Months - Raleigh Real Estate Market Update

Property taxes keeps going up

I plan on moving to NC in the next year. Looking for lots of southern charm. Maybe near the coast and walkable downtown. Any recommendations? Love your videos! TY!

We moved here eleven years ago. It was an affordable place for retirees ant the time. Unless you have a lot, and I mean a lot, of $$$ I’d. Look for a better place to live. The voters here are bond issue happy and approve every ballot proposal whether it’s for essential schools, sewers and utilities down to walking paths, of which there are many, pickleball courts or yet another park. Every bond issue passed raises property taxes. Every 3-5 years there is a property value reassessment and while it’s nice that our homes ‘value’ has doubled in 11 years our taxes have tripled. It’s tough living here on a fixed income. There are better options.

35% increase of inventory since last year, BUT, can I ask you - How many housing units are available in wake county NOW vs August 2019 (pre-covid)? I am guessing a lot of folks aren't looking to give up their 3.25% rate and cheap house price (that they paid before the run up).

Plus there is really only one agent in town representing new home builders who controls prices across all locations and he raises the price every month or quarter for the last five years or so

Prices way overvalued, mortgage rate at 6.5% is not a significant drop. People paying 37% of income for housing, at the highest ever in this state. Crash is gonna happen. Greedy people way overpaying during 2020-2024. Buying junk for way high prices sight unseen due to greed.

If you are planning to move to the Raleigh area, please Call or Text us at 919-964-0474, we would love to guide you through the process of buying or selling your next home!