Local Market Update – May 2021 As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory
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Local Market Update – November 2019 In November, the Federal Reserve reduced its benchmark rate for the third time this year. This action was widely anticipated by the market. Mortgage rates have remained steady this month and are still down more than 1 percent from last year
Read more →Local Market Update – October 2019 In October, mortgage rates increased slightly from the three-year lows seen in September. While the Federal Reserve reduced the federal-funds target rate by .25%, this decline was widely expected and largely factored into mortgage rates already, which are still approximately 1%
Read more →Market Overview Just like last year at this time, prospective home buyers should expect a competitive housing market for the next several months. With payrolls trending upward and unemployment trending downward month after month in an extensive string of positive economic news, demand remains quite strong. Given
Read more →The housing market continues to boast healthy sales for the second quarter of 2016. According to market indicators reported by Triangle MLS, New Listings in the Triangle region decreased 0.6 percent to 4,650 (compared to May 2015). Under Contract Sales were up 16.4 percent to 4,171. Inventory levels fell
Read more →Discover Durham’s rich architectural history during this self-guided tour through seven Modernist homes in Duke Forest. Agents from Peak Swirles & Cavallito Properties, which is an event sponsor, will be onsite at the The James T. and Margaret Rose K. Sanford House and at 2927 Wade Road. Local
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Check out the new PSCP newsletter for upcoming open houses, new listings, and price reductions! OPEN HOUSES NEWLY PRICED: 64 Lake Village Drive, Durham, NC MUST SEE upgraded end unit townhome in Woodlake! Granite coutertops, enclosed patio, garage, etc. Walking trails, pools, clubhouse, exercise room & dog
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This issue of the PSCP Real Estate Book features some of our agents favorite places to eat in the area. One of the places we love to buy food is the Durham Farmers’ Market. As Sudi Swirels said, “the market serves as an important Saturday ritual.” Take
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