Home Prices forecasted to go up in NC for 2023

January 10th, 2023 1:53 PM by Andrew Walter May CEO

Job Growth = Home Price Appreciation. Simple fact. Highly correlated to an 18 month window into the future. Here's another fact. North Carolina won all kinds of awards including State of The Year (last week by Business Facilities Magazine) and continues on a fast path to more job growth. According to the NC Dept of Commerce, in 2021 NC added over 24,000 jobs; and another 28,000+ in 2002. 2023 is supposed to really grow as the Toyota Plant (near Greensboro) and larger projects come alive. We just closed someone that works at the Toyota project.

If you are sitting on the fence and afraid to enter the market. Remember, Wake County home prices are expected to climb by around 5% in 2023. That's enough for more than a down payment. Time is money.

And over 60 people a day are moving to Wake County. They need housing. The state added an estimated 133,088 residents in the year ending last July 1, according to the latest population estimates from the U.S. Census Bureau. That's the third highest numerical growth in the country, after Texas (470,708) and Florida (416,754).Jan 3, 2023. That's about 365 people a day moving to North Carolina.

If you are looking for a buydown option, has rates that will impress you. We have the largest investor in the country providing a unique rate matrix for buydown 30 year fixed rates. Call us to find out more. 919 771 3379. for disclosures. Lastly, we do mortgages in Texas and Florida (the top two fastest growing markets). As well as Virginia and California.

Posted by Andrew Walter May CEO on January 10th, 2023 1:53 PM


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