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First Newsletter of 2023


Happy New Year Y'all!!


 I hope you're excited to tackle some new goals with me.

A quick market update for those of you who are considering buying or selling in 2023...

  • While showings on homes decreased over the holiday season, they have significantly jumped this past week.  The first week of January had the most home showings since October (5,200ish).  
  • Economist, Real Estate Experts, Freddie Mac and others predict mortgage rates to decrease slightly towards the end of the year, think high 5's. (5.7ish%) fingers crossed!
    • However, the likelihood of them ever being in the 3's again are not realistic.
    • Though, in comparison to where rate's were in the 90's, (8-9%) we're still sitting pretty at todays current rates, which are fluctuating between 5.9%- 6.25% (varies based on credit score and down payment.)
  • The hottest price point is $150,000 - $250,000.
  • Experts predict home prices to slide from the highs they've been the last two years,  the Raleigh and Charlotte market have already declined 2%, I'd expect Greensboro to follow the trend in the coming months.

Carolines Picks This Week!

In Summerfield...
5605 Fairlawn Drive
Listing Courtesy Of: Nest Realty Greensboro, Jan Branyon
A 3 bed, 2bath home situated on an acre with numerous updates!  Listed at $240,000

In Ruffin...
590 Mayfield Rd
Listing Courtesy Of: Keller Williams One,  Melody Tuttle
Another 3 bed, 2 bath home on an acre with a view of horses!  Listed at $142,900

In Mayodan...
219 4th Avenue
Listing Courtesy Of: Allen Tate, Oak Ridge Commons, Delia Stanley Knight
I love this charming 2 bed, 1 bath home, the refinished floors are stunning, plus a fenced in yard.
Listed at $149,000


Which house is your favorite?  
Let me know in the comments!

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