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Hello friends, welcome to June!
I hope you had a wonderful holiday weekend spent in the company of your cherished family and friends, while also taking a moment to honor the service men and women who made the ultimate sacrifice. In addition, let us extend a heartfelt round of applause to the Carolina Hurricanes for their commendable performance during a challenging and rewarding season. We are confident that the upcoming year holds even greater promise for their continued success!
Now, let's delve into recent headlines: Elon Musk recently stirred up the internet with his predictions about real estate, stating, "Commercial real estate is melting down fast. Home values next." While this statement may grab attention, let's consider the facts: 42% of homes in the United States are mortgage-free. Among the 58% with mortgages, over 85% have fixed-rate mortgages below 6%. Furthermore, the United States is witnessing a decline in listing inventory, nearing an all-time low. Locally, we continue to experience low supply and high demand, with most price points at 30 Days-on-Market or less.
In this particular case, Elon, I must point out that the cloudy skies of May do not reflect our local residential real estate market. Properties are still selling close to or even above the asking price when appropriately priced. Turn-key homes are setting new records in most areas of Wake County. Would you like me to provide you with the statistics for your specific zip code? Remember, information empowers decision-making, and we have access to the data needed to go beyond a mere tweet.
We have some great local news and listings to share with you. But first, lets take a look at the local real estate market. Here are the most recent stats from the Triangle MLS.
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Thinking of selling in 2023?
We would be happy to assist.
Give us a call today to get started!
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When: June 1-4, 13-18, 20-25
Check the schedule for game promotions and fireworks.
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BOND PARK - Bands, Bites, & Boats!
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When: Friday June 2nd, 6pm-8pm (and every first Friday thru October)
Bites: Buff-O-Lina, Empanada RD
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Living Room Improvements That Help Sell Your Home For More Money
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The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV).
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11 Home Organizing Products from Amazon that Professional Organizers Swear By
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Having plenty of options is a good thing, but when it comes to shopping for organization products on Amazon, it can feel like overload. That’s why we tapped a panel of professional organizers to help narrow it down.
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4 BD 3 BA 2775 SF $484,900
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4 BD 3 BA 2215 SF $435,000
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4 BD 3 BA 3210 SF $665,000
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3 BD 3 BA 1800 SF $495,000
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that we have trusted real estate professionals throughout the US? These are friendships and contacts that have been built for over 20 years.
Thinking of a second home at the lake? Or the mountains? Family moving in other areas?
Call, email or text us first, we have you covered!
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REALTOR® ABR, CRS, E-PRO, CLHMS, PMN, C2EX
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Maximize the value of your home with Compass Concierge.
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Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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