Mortgage rates edged further toward 7%, rising for the fifth consecutive week, as the Federal Reserve suggests rate increases will continue amid stubborn inflation. Meanwhile housing remains in short supply. Here’s an update on the housing market.
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New data shows that Raleigh rents are again rising after five months of decreasing rental prices. And rent remains more expensive than a year ago.
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Commercial real estate in the Triangle remains in demand – even office space, which is rebounding following a decline during the COVID-19 pandemic.
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A new report ranks Raleigh as the hottest housing market in the nation, despite recent data showing a decline in home sales and slowing price appreciation.
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North Carolina ranked third in the nation for the share of inbound movers coming into the state. And the Triangle is among the top regions in the country, too.
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Zillow is expanding its partnership with the instant homebuyer Opendoor, and has launched a new technology tool available only in Raleigh and Atlanta.
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The price of renting in the Raleigh area continues to rise at the fastest annual percentage increase of any of the nation’s most populous cities.
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Johnston County and Chatham County are experiencing a boom in their commercial real estate markets, especially in the industrial segment, a report shows.
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By Anna Bahney, CNN Mortgage rates rose this week after four weeks of declines, as a stronger-than-expected jobs report suggested the Federal Reserve would continue hiking its benchmark lending rate in its battle against inflation. The 30-year fixed-rate mortgage averaged 6.12% in the week ending February 9, up from 6.09% the week...
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