In this Cary Spotlight Issue…

💭Spotlight Hook Trivia

☀️ Cary NC Weather

🏡 Cary Real Estate: Properties Sold in Cary Last Week

🔍 FREE Report of the Estimated Selling Price for Your Home

🏡 U.S. Trends in Mortgage & Real Estate

🏡 Mortgage Tip

😀 Viral Meme

This is the Real Estate Edition: local news and events will be back on Tuesday.

Question: American video game developer who was born in Cary, NC?

A) Jeff Bezos B) Tim Allen C) Tim Sweeney

(Answer at the bottom of the newsletter.)

Properties Sold in Cary, NC for Week of 20 Jan 2024 (Data source: Redfin)

Property Type: Single Family Residential.

There were 11 properties sold in Cary, NC during the past week. Please note that we exclude land sales and townhouses. Here are a few statistics based on the sales from this past week:

The average price for all properties sold is $781,773.

The average size in square feet for houses sold is 2,837.

The average price per square foot for houses that sold is $275.

The properties are listed from highest SOLD PRICE to lowest:

• Address: 604 Ansley Ridge Pl, Cary, NC 27518 
  Sold Price: $1,360,000 | Beds: 5 Beds | Baths: 5.5 Baths | Size: 4376 sqft
  

• Address: 3460 Sienna Hill Pl, Cary, NC 27519 
  Sold Price: $1,290,000 | Beds: 6 Beds | Baths: 5.0 Baths | Size: 4864 sqft
  

• Address: 1101 Walcott Way, Cary, NC 27519 
  Sold Price: $1,195,000 | Beds: 4 Beds | Baths: 3.5 Baths | Size: 3635 sqft
  

• Address: 315 Parkmeadow Dr, Cary, NC 27519 
  Sold Price: $793,000 | Beds: 3 Beds | Baths: 2.5 Baths | Size: 2812 sqft
  

• Address: 104 Rosecrans Ct, Cary, NC 27518 
  Sold Price: $775,000 | Beds: 5 Beds | Baths: 3.5 Baths | Size: 3137 sqft
  

• Address: 107 Ripplewater Ln, Cary, NC 27518 
  Sold Price: $631,500 | Beds: 3 Beds | Baths: 2.5 Baths | Size: 1932 sqft
  

• Address: 719 Birstall Dr, Cary, NC 27519 
  Sold Price: $575,000 | Beds: 2 Beds | Baths: 2.0 Baths | Size: 1908 sqft
  

• Address: 202 Townsend Ct, Cary, NC 27518 
  Sold Price: $570,000 | Beds: 3 Beds | Baths: 2.5 Baths | Size: 2550 sqft
  

• Address: 303 Robert St, Cary, NC 27511
  Sold Price: $525,000 | Beds: 4 Beds | Baths: 2.5 Baths | Size: 2389 sqft
  

• Address: 1412 Helmsdale Dr, Cary, NC 27511 
  Sold Price: $499,500 | Beds: 4 Beds | Baths: 3.0 Baths | Size: 2331 sqft
  

• Address: 101 London Plain Ct, Cary, NC 27513 
  Sold Price: $385,500 | Beds: 3 Beds | Baths: 2.0 Baths | Size: 1272 sqft
  

FREE Report of the Estimated Selling Price for Your Home!

U.S. Trends in Mortgage & Real Estate

Here's a summary of the latest information on mortgage rates and real estate market trends in the United States, based on national news stories:

1. Predictions for the US Housing Market in 2024: Top experts predict that there will be a 1% drop in home prices by the end of 2024, with the 30-year mortgage rate averaging around 6.6%. This is indicative of a slight cooling in the real estate market, reflecting broader economic trends and possibly increased affordability for buyers​.
   Read Source
   

2. Real Estate Market Trends: The U.S. real estate market showed strong

   signs at the end of 2023, with many indicators pointing to growth in 2024. This trend is expected to continue with a slow increase in inventory, hinting at a potentially more vibrant market for the coming year. Read Source

Mortgage Tip

Raise your hand if you have the desire to buy your next home... but think it may be foolish to leave your current home due to how low your interest rate is.

Don't worry, you are not alone in this thought but it doesn't mean you have to live in a place that no longer fits your needs.

This is one of the best ways to create wealth faster which is through owning more real estate.

If you worry about how you could qualify for your new home if you keep your current mortgage debt... then perhaps you didn't know that lenders can actually use up to 75% of the future rent to be used as income to help with your debt-to-income ratio for qualifying purposes.

You can buy a primary residence with as little as 5% down, when you grow out of it or need to move you can rent it out!

Buy your next primary residence with 5% down.

Rinse and repeat!

It is how most passive investors begin.

Start early and watch your wealth grow!

Diversify your portfolio.

Leave properties for your family members for cash flow or for their dwelling place!

I see clients buying homes today expecting it will be where their children live when they go to college.

Forward thinking is a the gift today to your future self.

The best bet is to jump on a call and allow us to show you the numbers side by side so you can make the most informed decision based on your needs.🏡

Source (LinkedIn): April Blackwell - Mortgage Broker | Residential Mortgage Strategist | Smart Co-Buying Specialist 💎 First-Time Homebuyers 💎Investors 💎Relocating Professionals

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