Meredith Wilson Bridges, Realtor

09/08/2023

https://wilsonmeredith24.wixsite.com/my-site/post/two-things-to-look-for-in-a-long-term-rental

In today's competitive real estate market, choosing the right investment property is crucial for long-term financial success. There are two primary factors that should be at the forefront of your decision-making process: Appreciation and Cash Flow. Let's delve into these key considerations step by s...

08/02/2023

Buyers needs have evolved, especially in the last few years. Click here to learn more about what buyers are looking for when home shopping.

In 2023, homebuyer preferences have evolved, influenced by changing lifestyles and priorities. Here are the top things that home buyers generally seek when shopping for their dream home: Fenced-in Yard for a Dog: More than ever, home buyers are embracing pet-friendly features in their home search. A...

07/26/2023

https://wilsonmeredith24.wixsite.com/my-site/post/why-you-should-invest-in-raleigh-nc

As a real estate agent in Raleigh, North Carolina, you have a unique opportunity to tap into one of the most promising and fastest-growing real estate markets in the United States. Raleigh is experiencing tremendous growth and has become a top choice for homebuyers and renters alike. It's an excelle...

07/24/2023

We're thrilled to be recognized as one of eXp Realty's top 3 teams among 90,000 agents! Every client we serve becomes part of our family, and their happiness is our priority. We're grateful for your support and trust, motivating us to raise the bar higher! Thank you, our incredible community, for joining us on this journey. We're deeply honored and excited for more adventures together!

08/15/2022

The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year:

08/11/2022

Moving to the Triangle from out of state? ✈️ I've got you!

For my out of state clients, here's what to expect:

- A buyer consultation for a complete understanding of the NC contract and each step of the process 📄
- Detailed videos of the home to make you feel like you're actually here 📱
- Detailed videos of the neighborhood and the area closeby 🎾🛝
- Sale comparables for your understanding of the price compared to similar homes in the neighborhood 📊

Any questions that come up along the way, I'm here! 🏡

07/16/2022

Some happy buyers negotiated this 3 story beauty UNDER the list price in the popular Chessington subdivision. If you would have told me 3 months ago that we would get something below list, I wouldn’t have believed you. Buyers, some of these statistics in our local market might surprise you!

*Showings are down 37% from this time last year
*Month end total inventory is up 95% from a year ago
*Listings with at least one price drop, UP 332% (That is not a typo)
*AVERAGE SALES PRICE INCREASE OF 22%

What this means - More inventory and definitely more price adjustments. Overall in the Triangle Market, buyer demand is steady and prices are continuing to increase. 🏡📈

06/22/2022

My job as your real estate agent is to be your professional problem solver.

What this means is looking at what’s going on in the market, interpreting it and advising you on how to transact based on if you are buying or selling. 🏡

We live in a market that is constantly changing. Here are a few things that are going on.

*Rising interest rates.. The Fed met last week and rates increased again
*More buyer friendly offers are getting accepted.
*Price reductions and longer days on market
*More inventory - We still have high buyer demand but more homes for sale is a breath of fresh air
*Home prices are projected to continue to increase this year by 6-9%, 4-5% in 2023 and 3-4% in 2024
*Homeowners today have an average of $120,000 in equity in their home.

If you've got questions, I've got answers, let’s chat! 📱

05/24/2022

This Charleston style cutie is under contract and my buyer is the ✨lucky✨ one!

A little patience and perseverance & we got our YES. Here are three takeaways if you're a buyer in this market.

1. The first one is not always THE one
2. The highest offer doesn't always win
3. You might surprise yourself with what you like so keep your options open 😉

04/29/2022

JUST LISTED IN CARY✨
4027 SF | 4 Bedrooms | 4.5 Baths

*Designer touches throughout including custom lighting, shiplap, built-ins, fireplace, and much more
*Gourmet kitchen with oversized island is a chef’s dream

Listed at $850,000
307 Southmoor Oaks Court, Cary NC 27518

04/26/2022

“So is this market a bubble and when will it pop?”

The short answer is no. Here’s why:

What happened in 2006:
-Lending standards were loose which drove artificial demand. Buyers were purchasing homes that they could not afford
-Foreclosures flooded the market
-Homeowners tapped into the equity of their home then when prices dropped, many homeowners were left underwater

How 2022 is different:
-Purchasers and refinancers face higher standards when getting approved for a loan than in 2006
-Homeownership demand is real. The pandemic changed buyer needs, locations and jobs
-Slower pace to new construction due to land and supply chain shortages
-Population growth ( the largest generation, millennials are aging into first and second time home buying age)

Scroll to see the graph of rising home prices and the way lending standards have changed from 15 years ago.

Buyers, jump in.. waiting 6 months will cost you. Sellers, we need you!

04/01/2022

What’s happened THIS WEEK with interest rates & where does it go from here?!

Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% since January of this year. The rate jumped by more than a quarter of a point from just a WEEK ago.

What everyone is questioning: Do rates continue to rise at this pace? What will 2022 look like?

Experts are saying that generally, mortgage rates are expected to rise however, the pace of interest rates rising is expected to moderate. Some say that they expect some of this impact to be mitigated through lower inflation.

WHAT THIS MEANS FOR YOU -

If you’re buying in this market, it’s better to purchase sooner rather than later. For every point that interest rates rise, your buying power goes down by 10%. The longer you wait, the more it will cost you.

What may seem like overpaying now, will be equity in your home in just a few short months. Keep in mind the average of the experts’ forecasts calls for a 9% increase in home values in 2022. Are you ready to jump in? 🏡🙋🏼‍♀️

*Information pulled from Keeping Current Matters*