Archives: April 2013

Mortgage Rates Fall

The average rate on a 30-year fixed mortgage continues to sink towards record lows. The rate fell to 3.4% this week, down from 3.41% for the prior week, according to the Freddie Mac weekly survey. Furthermore, the rate on a 15-year fixed-rate mortgage reached a record low of 2.61%. These low rates continue to have […]

Set The Stage

Most sellers understand that presenting the very best version of their home is important to getting it sold, but are hesitant to invest money into the process. There are actually many cost-effective ways to revamp and stage your home to give it the boost it needs. Here are some highlights from an excellent article on […]

Return Of The Bidding War

Bidding wars are back in real estate! In March, 75% of agents with broker Redfin reported that their clients offers were countered with other bids. Agents all over the country are reporting intense competition for prime listings; the recent sale of two condos in Cambridge, Massachusetts prompted bids from over 250 potential buyers. Homebuyers are eager […]

Triangle Jobless Rate Falls

The Triangle’s jobless rate fell to 7.5% in February, which is down from 8.1% in January according to the NC Department of Commerce. This is substantially lower than the 8.2% rate reported in February of 2012. The Raleigh-Durham metros added about 19,300 jobs between February of 2012 to February 2013, and added 8,200 jobs in […]