Spring is here and real estate certainly has bloomed! The resale market is very active, interest rates remain at or near historic lows and many lenders have lowered the amount of down payment required for a loan. It’s surely not the days of ‘stated income’ lending but rather lenders have in place a much more measured and underwritten approach than ever before. Lending mistakes from the past are behind us and now homeowners are looking as much as ever to make a move.
First time and move-up buyers are currently looking at resale and new construction. Multi-generational floor plans are also the new buzz word in the industry and highly desirable. New Construction is also a very important part of the growth and success in the Raleigh Area. New communities in Apex like Stratford at Abbington, Bella Casa, and Branston; in Cary like Sedgefield and Fryars Gate; in Holly Springs like Forest Springs…all these offer wonderful amenities and opportunities for building a heritage for lasting memories. Established top-selling communities in the Triangle area are also seeing excellent activity this Spring.
With inventory of homes available for purchase in the Raleigh area low and hopes that this spring will continue to bring out more sellers, now is a great time to sell. That means if you have been thinking about listing and want to maximize your buying power with low interest rates, consider the timing perfect!