LaPierre-Herrera Real Estate

10/28/2024

Debunking Scary Myths About Buying a Home

Don’t let scary myths delay your homebuying dreams. Let's connect so you have a pro to help you separate fact from fiction.



www.raleighcaryhomes.com

10/24/2024

Why Today’s Foreclosure Numbers Won’t Trigger a Crash

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market. Many people are concerned that high prices and tighter budgets could cause more homeowners to fall behind on their mortgage payments, leading to a wave of foreclosures.

But before you start worrying about a housing market crash, here’s a look at what’s really happening. And the good news is: the latest foreclosure data shows there’s no wave on the horizon.

How Today’s Market Is Different from 2008

Let’s ease those fears by looking at the bigger picture. There’s a big difference between what’s happening now, and what happened when the housing market crashed.
As an article from Bankrate explains: “In the years after the housing crash, millions of foreclosures flooded the housing market, depressing prices. That’s not...



www.raleighcaryhomes.com

With everything feeling more expensive these days, it’s natural to worry about how rising costs might impact the housing market.

10/23/2024

Homes are still selling faster than they did pre-pandemic, even though the number of days they’re on the market is higher than it was last year.

With the right strategies and the right agent partner, you could sell even faster than today’s norm. DM me to talk through what we can do to make sure your house stands out.



www.raleighcaryhomes.com

10/21/2024

What’s ahead for mortgage rates in 2025?

Expert forecasts show they’re projected to come down over the next year. But it won’t be a straight line – you should expect some volatility.

Even so, the overall trend is great news for your buying power. Want to talk more about what this means for your plans? DM me.



www.raleighcaryhomes.com

10/17/2024

Why an Agent Is Essential When Buying a Newly Built Home

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes. Unfortunately, this is turning some buyers away from what may be one of their best options in today’s housing market.

So, is there any merit to the myth? Let’s break down the best way to make sure you feel good about looking into new home construction. That way, you’re not missing out on such a great option today.

Choosing the Right Builder

The key to making sure you get a quality newly built home is to choose a good builder. Reputable builders adhere to strict building codes and standards, use advanced construction techniques, and often offer warranties that cover structural issues for several years.

Beyond that, maybe they’ve even worked with other buyers who opted for a home in one of those...



www.raleighcaryhomes.com

For some buyers, there’s a misconception that newly built homes aren’t made to last or fall short of the quality you can find in older homes.

10/16/2024

Thinking of selling your house and moving? It’s worth considering if you want to put 20% down on your next home.

While that typically isn’t required, putting that much down has clear advantages – and the equity you’ve built up in your current home can help make it possible.

DM me today for a professional equity assessment and to discuss how you can use your equity to fuel your next move.



www.raleighcaryhomes.com

10/10/2024

Have you heard? Housing affordability is improving. And there are three main reasons why.

Mortgage rates are trending down, home prices are moderating, and wages are climbing.

If you put your search on pause because it was too expensive to buy, let’s chat about why now may be the perfect time to jump back in.



www.raleighcaryhomes.com

10/09/2024

Worried about a housing market crash? Here's why supply and demand show you don't need to be.

In a balanced market, we see about a 6 months’ supply of homes for sale – meaning supply and demand is about equal. Back in the 2008 crash, that jumped way up to 13 because there were too many homes for sale. And today, we have only a 4.2 months’ supply.

This shows we're not even back to normal – and we’re really far off of what happened in 2008. That’s why a crash isn’t expected.



www.raleighcaryhomes.com

10/07/2024

The Top 3 Reasons Affordability Is Improving

Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as rates come down, prices level off, and wages climb. If you put your search on pause because it was too expensive to buy, let’s talk about why now may be the perfect time to jump back in.



www.raleighcaryhomes.com

Affordability is based on three key factors: mortgage rates, home prices, and wages. 

10/03/2024

Seeing headlines that the median price of a home has dropped? It's easy to assume that means home prices are falling. But that’s not the case.

While median prices have dipped, that's because smaller, less expensive homes are hitting the market—and that’s impacting the mix of sales and driving the median down.

A closer look shows prices are still rising nationally. Have questions? DM me.



www.raleighcaryhomes.com

10/02/2024

This Is the Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long.

The truth is, if mortgage rates continue to ease, as experts project, more buyers will jump back into the market. A survey from Bankrate shows over half of homeowners would be motivated to buy this year if rates drop below 6%.

With rates already in the low 6% range, we’re not terribly far off from hitting that threshold. The bottom line is, that when they drop into the 5s, the number of buyers in the market is going to go up – and that means more competition for you.

What This Means for You

Right now, you’ve got the chance to get ahead of all of that...



www.raleighcaryhomes.com

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move.

09/30/2024

According to a recent study from Zillow, Mortgage payments are lower than rent in 22 of the 50 largest U.S. metros.

That’s a game changer if you’re thinking about owning a home.

Let’s grab a calculator and do the math together to see if buying might be right for you in our local market.



www.raleighcaryhomes.com