Coldwell Banker Advantage Blog

A Heavy Lift: Builders say housing is broker, and fixing it ahead of Toyota, Boom requires urgency

Originally published on the Triad Business Journal on April 11, 2022
Posted by Elsa Woods on April 28, 2022 in  uncategorized
By John BrasierReporter, Triad Business Journal The bad news? Those looking to buy a home in the Triad, especially at lower price points, aren't likely to find relief in the near future.  The good news? There's time to do something about it. But it won't be easy. That's the consensus as local Realtors and developers evaluate a perfect storm of factors influencing how rapidly homes are selling in the Triad, and at prices increasingly outside the reach of most attempting to purchase their first homes. First, ... read more

Interest Rates - Where Are We?

Posted by Elsa Woods on April 14, 2022 in  uncategorized
Rates have moved higher in 2022 but still at historical lows.  Why the increase and how does it change your buying power?  Interest rates are very sensitive to inflation.  High inflation is typically offset by the Feds raising their overnight rate or the prime rate. With inflation the highest in 40 years an added step is being taken – shrinking the balance sheet or quantitative tightening.  What is the result?  “There is no way anyone has an extraordinary clear view as to what ... read more
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