Is Now a Good Time To Purchase a House in Raleigh?

purchase a house in RaleighIs the real estate market in Raleigh, NC good right now?   I think most experts can honestly say that it is a great time to purchase a house and interest rates seem to still be pretty low to average.  There are more home buyers in Raleigh, NC than there are for mid-priced homes for sale right now.  The Triangle area is hot (in August, Forbes listed Raleigh, NC as #3 for Best Place for Businesses and Careers due to the proximity of local universities).  Sellers are actively trying to get their homes on the market because they see the current demand for homes right now.  There are more competitive offers taking place as well as all cash offers.  Buyers and sellers are understanding the benefits of cash offers to help close faster and show the seriousness of the buyer.

But for those that are planning to speak to a mortgage lender, which I would highly advise, the following article is a great read for you.  Last week the Fed announced they will continue their bond buying program.  Read more so you understand how this could affect interest rates.  No one knows for sure but experts believe this could be a reason for a drop in interest rates.  For those of you considering a house purchase in the near future, this might be a good time over the next few weeks to evaluate a purchase.  A mortgage lender can give you details on available options and other loan information you might need to help with your decision.

If you know of anyone in the Raleigh area looking to buy or sell a home, I would be happy to help!

kelly cherry realty

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