Monday Coffee with Buddy for July 24, 2023
Unraveling Real Estate Insights with Top Realtor Buddy Blake in Wilmington, NC
Hello, this is Buddy Blake, your trusted realtor with Coldwell Banker in Wilmington, North Carolina. In this blog post, I'll be sharing some valuable insights from the latest happenings in the Wilmington real estate market. If you're considering selling your house or looking to buy, you won't want to miss this. We've observed some intriguing shifts, and it's essential to stay informed to make the right decisions in this dynamic market.
The Current Real Estate Landscape
Interest rates continue to hover in the sixes and sevens, depending on your credit scores and loan type. While they are expected to remain steady for a while, we anticipate a potential easing in the future. More buyers are getting comfortable with the current rates, realizing they can refinance later when rates eventually settle down. As for housing prices, the rapid surge we saw in the past has tapered off, particularly in the higher price segments above $600,000. In contrast, houses below $500,000 to $600,000 remain in high demand, and prices are projected to continue their upward trajectory. WATCH THE FULL 14-MINUTE MARKET OVERVIEW HERE
If you're in the market for a home under $500,000 to $600,000, the window of opportunity is now. Prices are likely to keep rising, and waiting for a lower interest rate might not be feasible given the persisting demand in the Wilmington area. Many buyers are leveraging their home equity from previous sales to make cash purchases, making the interest rate less of a concern for them.
Strategies for Sellers
For sellers in this market, we have some fantastic strategies that have proven to be effective. We've combined time-tested approaches with innovative new techniques to ensure our clients get top dollar for their homes and a quick sale. Our team of agents is dedicated to assisting you in every step of the selling process. From listing your property to expert negotiations, our focus is on getting you the best results.
Check Your Home's Value
Are you curious about your home's current value in this evolving market? Click on the button below to access our cutting-edge AI-powered technology that will give you an estimate of your property's worth. While the technology may not account for recent updates, it will provide you with valuable insights.
Experience the Difference with Our Team
As a real estate professional, I spend significant time engaging with people like you. My team and I are always available to have conversations, whether you're planning to make a move now or in the future. We take pride in our exceptional customer service and focus on helping you achieve your real estate goals. From finding your dream home to strategizing for a successful sale, we're here to assist you every step of the way. Listen to their inspirational podcast here.
Thank you for taking the time to read this blog post. In the video linked below, you'll find a wealth of information about the current state of the Wilmington real estate market. If you have any questions or need assistance with your real estate endeavors, please don't hesitate to reach out. My family and I have recently been inspired by a touching experience at Hope Hills Camp in Alabama, and I encourage you to explore their story through the provided link.
Here's to a great week ahead, and I look forward to helping you navigate the dynamic world of Wilmington, NC real estate!