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How much is your home in Raleigh really worth?

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For many of the families that the Martini Mortgage Group serves their homes the largest asset. 

Knowing how your biggest asset is performing is not just nice, it is required!  Having a clear understanding of your homes values can be useful to help determine if there are any next steps to take.

Homebot is a very powerful free tool offered by the Martini Mortgage Group to provide a quick snapshot of your equity in what is likely your largest asset, your home. 

Kevin Martini, Certified Mortgage Advisor & Raleigh Mortgage Broker

Find out what your home is really worth with the Martini Mortgage Group home value tool.

Our data comes from the #1 market data company and it provides real-time market insight (i.e. a quick snapshot of the market, market indicators at-a-glance and market trends charts with historical view of home prices).

Benefits of knowing your home’s value by the Martini Mortgage Group

  • Monitor your home’s value as it changes over time
  • Track your ‘Tappable Equity’ (NOTE: Tappable Equity is the amount one can borrow and still preserve a 20% equity position)
  • Manage you home’s value to assure it fits into your short and long-term financial strategy
Access FREE Real-Time Insights on Your Home Value

Buy a Home with Confidence

If you are thinking of buying for the first-time or as a repeat homebuyer, unlock the your free report that highlights market temperature based on city and price point along with other powerful metrics. Here are just a few benefits to using the Martini Mortgage Group buyer portal:

  • Know where and when to buy
  • Understand your buying power
  • Be ready and able to make your move
Access FREE Our Unique Buyer Portal

Oh by the way…

It is never too early to start to explore your homeownership options and you are not too late either.  The first part of the homeownership journey is the loan and then after you have the certainty and being armed with price and cost clarity, the second step is to go find your home. The Martini Mortgage Group offers trusted advice with a frictionless digital mortgage process that provides certainty.  To contact Mortgage Strategist with the Martini Mortgage Group simply call: (919) 238-4934.

logan martini raleigh mortgage lender with martini mortgage group 2

LOGAN MARTINI

NMLS 1591485 | Senior Mortgage Strategist 

Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604

Logan@MartiniMortgageGroup.com

KEVIN MARTINI

NMLS 143962 | Certified Mortgage Advisor

Martini Mortgage Group at Gold Star Mortgage Financial Group, Corporation | NMLS # 3446 | 507 N Blount St, Raleigh, NC 27604

Kevin@MartiniMortgageGroup.com

kevin martini best raleigh mortgage broker

3 Kevin Martini Things That Could Impact Raleigh Real Estate 

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The question that is top of mind for many, that either one whom owns real estate in the Raleigh area or one whom want own real estate in Raleigh, North Carolina area, is if the perceived real estate pivot is an opportunity or a challenge.  According to Raleigh mortgage broker and Certified Mortgage Advisor Kevin Martini; “Right now there are 3 pivots in today’s housing market that could impact current homeowners and homebuyers.  They are inventory, price growth and interest rates”. 

INCREASE IN HOUSING INVENTORY

The number of houses available for sale in most markets across the U.S. and in Raleigh area has increased from the ultra-low levels of the past few years however there is still an undersupply of home for sale on the aggregate. The perception that we have shifted to a full blown buyer’s market is not correct.  The slight increase in inventory and days-on-market has provided some homebuyers with negotiating power. 

MORE TRADITIONAL HOUSE PRICE GROWTH

House values have risen by 20%+ per year in many markets throughout the pandemic. It is unrealistic to expect that this hose price growth will  continue moving forward. The growth of house prices is slowing to more of a traditional pace versus the pandemic pace, house price growth is forecasted to normalize.  Sure normalization means a deceleration form pandemic levels but declaration does not means depreciation.

FLUCTUATING HOME LOAN INTEREST RATES

Raleigh mortgage rates have risen by over 2% this year in response to high inflation and the removal of the Federal Reserve’s pandemic-era stimulus programs. This means that mortgage payments have increased for potential buyers however since there are higher weekly wages, the playing flied has remained level for keeping home affordable.

On the topic of affordability, check out episode 153 of the Martini Mortgage Podcast which highlights how higher home prices and fluctuating mortgage rates are not really impacting home affordability.

RALEIGH MORTGAGE BROKER AND CERTIFIED MORTGAGE ADVISOR KEVIN MARTINI

Even with the recent perceived pivot in the real estate arena, if you are still considering to make a move, it may be time to pick up your home search back up today.  Rember, it should always be home loan first and then go find your home. If you have questions about the increase in housing inventory, traditional house price growth or about the fluctuating home loan interest rates contact Kevin Martini by dialing (919) 238-4934. 

It is going to be a big day for Raleigh real estate today

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On the economic calendar is the Fed Interest Rate Decision!  It is expected they will hike their benchmark Fed Funds Rate however it is CRITICAL to know the Fed does not directly control mortgage rates. 

Let’s get technical with you for a hot second.  Recently, the yield spread between the 10-year Treasury and 2-year Treasury has been trending lower.  This increase in yield over time is known as the yield curve, which naturally moves up with maturity. But there is a phenomenon called an inverted yield curve, which has longer-term maturities yielding less than shorter-term maturities. This occurs when investors feel that prices in the future will decrease beneath present levels. When this goes inverted, it has been a very reliable recession indicator – YIKES!

Again, the Fed is expected to hike their benchmark Fed Funds Rate at their meeting on Wednesday March 16, 2022. This hike will push the short end of the yield curve higher, while the long end could move lower if it’s perceived that inflation is being reduced. This will cause an inversion at an even faster rate.

How will Raleigh real estate be impacted by a recession

If we are to see a recession, how will it impact housing?  It is important to know recession does not mean housing bubble. Let me say it again, recession does not mean housing bubble. If look back at recessions since 1960, housing either remained essentially stable or increased in almost all of them. 

Fresh on the minds of many is the recession in 2009. Please remember this fact, the recession was caused by the housing bubble, the recession did not cause the housing bubble.  With the most recent recession in 2020, home prices rose.

Historically, home values perform very well during periods of inflation like we are experiencing today and during recessions too.

Is Raleigh real estate afforable?

Shifting gears, homes are still affordable today!  In the most recent episode of the Martini Mortgage Podcast, episode 134 called “Home Affordability Today”, that dropped this week unpacks home affordability today.  Spoiler alert, homes are less affordable today than they were 12-months ago however less affordable does not mean unaffordable.   Real estate today remains what some call a ground floor opportunity level.

Buying a home this spring is smart and starting or continuing your homeownership journey can pay off significantly especially you take action sooner than later. 

Raleigh Mortgage Broker & Certified Mortgage Advisor, Kevin Martini

Connect with a Mortgage Strategist with the Martini Mortgage Group by calling (919) 238-4934 if you want to learn more about what you have read or if you want to talk about the options available to you any your family.