The past few years have been a roller coaster ride of real estate forecasts, opinions and updates. The numbers recently released are positive in almost every direction across the country. The Triangle area’s real estate market was fortunate enough to not be greatly affected by the recession, but positive changes have still been noted as of late. Not only are prices rising in homes all over the area, but rates are still low. The chart above proves the return on real estate investment is well established as the best option. If you are considering selling your home in order to downsize, move-up or move along, the time is now. The real estate market is the perfect environment for those hoping to receive a higher price for their home. If you want to turn around and immediately buy another property, interest rates are favorable for these situations especially.
Year-over-year real estate is the best long term investment option especially if you are willing to commit long term. However, in this area there is such a high demand for homes due to growth, technological innovation and university demands for housing, there is always room to grow and reason to sell.
If you have any questions about the numbers above or about your local market in general, please give us a call. Our Definitive Guide to Selling Your Home is also an excellent resource for those first-time home sellers or homeowners who have not sold a home in awhile and need to brush up on a few things.