Thomas Wohl's Blog Posts

Existing Homes Sales Decline! Know the reason....

Know the Numbers: Existing-home sales decreased 4.6% between November and December, hitting a seasonally-adjusted, annual rate of 6.18 million, the National Association of Realtors said Thursday.

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Finally, Good news for Buyers as New Construction Starts are surging?

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.7 million in December, representing a 1% increase from the previous month, the U.

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Is your Realtor leading you Astray? Red flags to look out for....

I am a big proponent of knowledge and education in my profession I wanted to share some signs of a "bad" agent that a Buyer should look out for.  If you're a buyer, there's really no

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There may be a slight correction in pricing.... -what buyers need to know about the housing market in 2022!

Though housing prices have been rising, mortgage rates remain near historic lows, though many experts think they will rise. And that’s leading many Americans to wonder what to do about buying

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Triangle 2nd in US for growth from relocation! Wow!

RALEIGH – With housing costs rising across the Triangle and available housing supply at historically low levels, the region has experienced significant price appreciation

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Biotech is Coming to Morrisville, NC- 1 Billion Invested!

Two developers that have invested significantly across the Triangle in recent years are targeting Morrisville for a massive new life sciences campus that could eventually add 1.5 million square feet

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Don’t expect prices to fall!

isten to a just a handful of the stats about the housing market, and it’s easy to see why there’s lots of chatter about whether or not we’re in a housing bubble. While mortgage

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Rise in U.S. house prices to halve next year but affordability to worsen.

The rise in U.S. house prices will slow to half its double-digit rate next year but still outstrip increases in consumer prices and wages, according to a Reuters poll of property analysts, who said

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Triangle home prices continue to rise, sales decrease- December 2021

Experts say Homes Prices in the Triangle keep going up! ( The worst kept secret was just announced early last week: the Raleigh and Durham area was listed as the second best place to live

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Pending Home Sales higher in October. Will the Omicron variant effect the market?

The numbers: Contract signings jumpedThe number of home buyers who signed a contract to purchase a home in October increased markedly, far exceeding economists’ expectations.Pending home sales

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Why the boom in US home sales is not a bubble!

The US housing market is still in a frenzy as pandemic-induced demand intensifies a longstanding housing shortage. In October, the number of existing homes sold across the country rose by 0.8%

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How reliable is Zestimate, Zillow’s extremely popular home-valuation tool?- Is that just a Toy?

Zillow’s experiment in home-flipping has blown up in its face — and the company is blaming the “unpredictability” of home prices. IN my opinion there was somethign else very

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Unrealistic Expectations of First- Time Home Buyer

  A first-time home buyer may need to be educated ( by a professional) about the realities of the housing market before they fall in love with a home and then quickly lose out to another bid.

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Zillow to shutter home buying business.! Wow

I am not shocked as asomehting must be wrong with their Zestimator and Algorythim as they are paying 20% in average above fair market value fo homes. Of course they are losing 100's of millions.

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The End Of The US Housing Bubble? Or Is there a Bubble?

How interesting even thinking about this . On Thursday, traders were a little surprised, if not disconcerted, following the third-quarter earnings report from Tri Pointe Homes. This is one of the US

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New Construction Buyers - Why Lot Selection is Key!

Overall, the new construction process is a great option - pick the community, sign a contract, work with the builder to pick floor plan, lot, design options, and have a team to guide you right

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What’s The Return On Investment Of Adding An ADU To Your Home?

Blog: https://thomaswohl.exprealty.com/blog.phpTopic: What’s The Return On Investment Of Adding An ADU To Your Home? The housing market has become increasingly favorable for sellers since

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How High Real Estate Price will go in 2022?

Back in May, The Atlantic published an article titled “Why You Should Wait Out the Wild Housing Market,” which argued that the “ludicrousness” would soon

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Zillow to stop purchasing homes! Is that real?

This is combined with some interesting news on the Stock market as Zillow yet to turn a profit..."Zillow Group Inc. (ZG) is pausing the purchase of U.S. homes as it works through a backlog of

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Wake Forest approved New Homes with money to move mobile home park Residents

Former Wake Forest, NC mayor George Mackie, Jr. plans to sell Wellington Home Park to developers putting 57 familiaes at risk of displacement and possibble homelessness. Roughly two dozen Wake

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Largest Parade of Homes in NC returns amid hyper-competitive Triangle housing market

North Carolina’s largest open house kicked off this weekend with more than 120 houses across Wake, Durham, Orange, and Chatham counties part of Triangle Parade of Homes.The prices of the homes

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Mortgage Rates Jump above 3%. Does it really matter?

The 30-year fixed-rate mortgage averaged 3.01% for the week ending Sept. 30, up 23 basis points from the previous week, Freddie Mac reported this week. A year ago, the 30-year fixed-rate

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House price inflation is cooling- Sales falling.

U.S. home sales fell in August as supply remained tight, but there are signs the surge in house prices and the COVID-19 pandemic-fueled demand have probably run their course. But on a local market

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Americans are Pissed about the housing market!

Do Amricans really hate the Housign market?  Last year, everyone was excited to buy a house. This fall, they're pissed.Just 29% of Americans said in September that it was a good time to buy a

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Home Sales Keep Rising, but Sales Fall for First Time in 15 Months

The median sale price for a home in August rose year-over-year by more than double-digit percentages for the 13th-straight month, but sales fell for the first time in 15 months, according to real

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Interior Design Trends going away in 2021.

2020 was a defining year for everything but especially the collective relationship we all have with our homes. Shutdowns due to the pandemic left many of us scrambling to create home offices, 

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Investment Companies compete Home Buyers.

 Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.Residential real estate bought by

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BEHR Paint Unveils BREEZEWAY as its 2022 Color of the YEAR!

Iti si silvery Green with cool understones!Behr Paint Co. announced its 2022 Color of the Year, Breezeway MQ3-21. The silvery green shade with cool undertones is inspired by the earth’s beauty

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Will The Housing Market Cool Off By Fall? Here’s What Experts Predict.

Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began

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Home construction and design firms expect a strong third quarter 2021 despite rising costs and shortages

Home construction and design firms expect a strong third quarter 2021 despite rising costs and shortages. Especially with decrease in Lumber cost.Not sure if that is good news for home Buyers in the

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Moving to Cary NC? Get to Know Cary!

In my professional real estate career I have driven hundred of miles on the roads of Cary every week,  have seen Prestonwood Country Club and Presotn being Built, Passed by SAS institute

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Home Prices Are Now Higher Than The Peak Of The 2000s Housing Bubble! Is it Bursting?

ven before the pandemic pushed the U.S. housing market into overdrive, the price of the average American home was on a rocket ride, climbing more than 50% between 2012 and 2019. It was the

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Falling Lumber prices not effecting New Home Builders in 2021

The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped 5

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The market begins to Cool but still Seller's market!

The pandemic created a frenzied real estate market in much of the United States that has yet to let up, with demand for housing still outpacing the number of homes coming on the market, giving

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Realtors Confidence Index Survey and Covid -19

Mortgage rates have reached record lows during the pandemic and have once again been on the decline since late June. Specifically, the 30-year fixed-rate mortgage was 3.02% on June 24, dropping to 2

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Cyber Crime in Real Estate and Mortgage Lending

Lenders Uncovering Identity Theft in Mortgage Reviews!About 14.4 million adults are victims of identity theft each year. But many may not even realize it until they try to qualify for lending. A

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