Raleigh Real Estate Podcast with Greg Ismay
78 episodes - English - Latest episode: almost 3 years ago -If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Ismay Realty Group - your professional Raleigh Real Estate Agents.
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Episodes
August 2021 Raleigh home price update
August 02, 2021 00:00 VideoDear friends and clients, Home price growth has accelerated in the past year as buyers frantically competed for a limited number of houses on the market. Prices continue to increase and break records as strong demand collides with low supply. Sales of new and existing homes have declined somewhat in the past few months, mainly due to those sky-high prices. Peter Boockvar, chief investment officer at Bleakley Advisory Group said, “We have a major affordability issue, especially for the firs...
June 2021 Raleigh Home Price Update
June 14, 2021 00:00 VideoFriends and clients—Even after more than a year in our frenzied market, home prices continue to soar, which is excellent news for those who own new and existing homes in our marketplace. The Case-Shiller National Home Price Index measures the average home prices in major markets across the nation—they’ve tracked that home prices rose by 13.2% year over year as of March, which had the highest annual price growth rate in almost 16 years. According to the National Association of Realtors, the m...
Ismay Realty Group June Newsletter
June 01, 2021 00:00 VideoWelcome June! The weather continues to be spectacular, summer is quickly approaching and the world is returning to “normal.” We hope you and your loved ones are enjoying this time and looking forward to relaxed fun this summer! If your plans include looking for a new home in or around Raleigh, now is a great time to look at your options! The housing market continues on it’s upward trend. The LittleBigHomes.com estimates that the probability for rising home prices in Raleigh is 86%. If this ...
Ismay Realty Group May Newsletter
May 04, 2021 00:00 VideoHere comes May! The weather is spectacular, the buds are blooming and we are done with pollen! May is one of my favorite months as the unfolding beauty of North Carolina makes a grand statement. Meanwhile, vaccinations are flowing and the world is returning to normalcy! There is so much for which to be grateful! U.S. housing starts rebounded sharply in March to the highest levels since 2006, exceeding forecasts and indicating residential construction is getting back on track after winter sto...
Ismay Realty Group April Newsletter
April 01, 2021 00:00 VideoApril has arrived! We’ve made it through the first 3 months of the year! It’s so exciting! Things are changing once again. Longer days; we are getting back to “normal” - whatever that looks like - and we can certainly embrace life! The Raleigh housing market is the #1 market for real estate investors in 2021. Whether you wish to invest in multifamily homes or smaller rental properties, you will surely generate a good return on investment in the city. The Raleigh housing market also looks to...
Prices are rising, but will rates follow suit?
March 15, 2021 00:00 VideoFriends and clients— Spring is in the air, and the floodgates have already opened on the traditionally busy selling season. The fiercer seller’s market that emerged in the wake of last spring’s pandemic shock is still with us as 2021 begins to thaw and bloom. However, with more inventory expected to hit the market soon, buyers may find a smidgen of relief. If you’re considering a home purchase or a refinance, here’s what you need to know: Rates are still relatively low, but not for lac...
Ismay Realty Group March Newsletter
March 02, 2021 00:00 VideoWelcome March! Days are getting longer, warm weather is moving in and everything is looking brighter! According to Realtor.com, Raleigh is becoming a buyer’s market, giving investors an opportunity to acquire affordable rental property in a market where jobs are once again becoming plentiful and population growth is strong. Raleigh is home to world-class technology and life science institutions, artists who thrive on the area’s rich cultural history, and one of the tastiest food scenes in t...
February 2021 Raleigh home price update
February 17, 2021 00:00 VideoFriends and clients, The real estate market has continued to soar in the early weeks of 2021. Prices are still climbing, but how much higher can they go? Your window of opportunity in this market could be shrinking soon, so here’s what you need to know about what’s going on in our market right now: 1. Mortgage demand has dropped slightly. Sharp gains in home prices and a slight rise in interest rates combined to weaken demand for mortgages in mid-January. Although mortgage applications f...
Ismay Realty Group February Newsletter
February 01, 2021 00:00 VideoIt’s February!! We are moving right along in 2021! Spring is around the corner! What will the real estate market look like in 2021? Market experts say the pandemic is a main predictor. The nation will continue to see COVID-19’s unprecedented seller’s market effect on the single-family housing market, experts say, and it will be evident in North Carolina — particularly in the Triangle and Charlotte. Since the summer’s housing boom began, sales surpassed those in 2019 due to the Triangle’s e...
January 2021 Raleigh home price update
January 21, 2021 20:59 VideoFriends and Clients —The real estate market continues to surge ahead. However, clouds might be forming on the horizon for sellers. Let me give you the details: 1. Ultra-low mortgage rates Throughout 2020, the popular 30-year fixed mortgage rate set 15 new record lows. It ended 2020 just one basis point higher than the latest record low and currently stands at 2.86%, a full percentage point lower than one year ago.These ultra-low mortgage rates are driving an increase in demand. Unfortunatel...
Ismay Realty Group January Newsletter
January 21, 2021 20:55 VideoWelcome January 2021!! We made it! We’ve moved out of 2020! Spring is on it’s way! A new survey ranks Raleigh-Durham No. 1 and Charlotte No. 11 for expected growth in housing construction in 2021 among the nation’s 80 largest markets. Experts say it’s being driven by continued migration to the state. The findings come from the 2021 “Emerging Trends in Real Estate” report. It’s based on a survey of developers, investors and other real estate professionals and other data. Home prices, relati...
December 2020 Raleigh home price update
December 14, 2020 19:30 VideoFriends and Clients —The recent surge in the real estate market has now offset the spring market losses. This means it’s a great moment for anybody thinking of selling a home. However, it’s uncertain how long this will last. Let me give you the details :1. Never-before-seen price levels Sales of existing homes in October soared well past expectations, rising 4.3% compared with September and 26.6% annually. More impressively, home prices jumped 7% in September year over year. That’s the la...
Ismay Realty Group December Newsletter
December 08, 2020 21:10 VideoHello December!! The final month of the year 2020! We made it! We continue to watch and see the real estate industry in the Triangle move steadily up. Houses are selling. New construction is being built. People from all over the country are realizing what a great area this is! From Millennials moving to the area to retirees living here, Raleigh continues to be a great place for people from all walks of life. The job market is doing well; the economy is rising and people are thriving here! I...
November 2020 Raleigh home price update
December 08, 2020 21:06 VideoFriends and Clients — The real estate market is golden for sellers right now. However, things might change soon. Here are the details: 1. Prices are soaring The median price of an existing home sold in September rose 14.8% compared to a year earlier. That is a new record in price growth since these numbers started being tracked in 1968. It is also an all-time high when adjusted for inflation. So what’s behind this surge in prices? 2. Limited supply of homes The inventory of homes on th...
Ismay Realty Group November Newsletter
December 08, 2020 21:02 VideoHere we are in November! We are looking forward to the holidays. We are focusing on the economy and we feel strongly that the economy is going to bounce back even better than before and is going to flourish. We encourage everyone to focus on the positive. Let’s keep doing our part to support our amazing local businesses. August 2020 saw Wake County real estate activity remained steady at levels comparable with pre-COVID-19 periods. August’s activity was overall consistent with June and July ...
October 2020 Raleigh home price update
December 08, 2020 20:54 VideoFriends and Clients — The housing market has continued its booming recovery, and sellers continue to benefit. But things might be changing soon. Let me give you the details: 1. Demand still outpaces supply by a lot This August, sales of existing homes rose 10.5% compared to the same time last year. This is the fastest sales pace since December 2006, before the Great Recession. The only thing that’s holding sales back is a lack of homes on the market. Inventory of homes for sale is down...
Ismay Realty Group October Newsletter
December 08, 2020 20:48 VideoWelcome to October! The beautiful Fall season is upon us! We hope you are getting out and enjoying all it has to offer with the beautiful scenery and crisp air! According to MLS data, the 12-month home sales average price is up about 4% compared to the previous period with an average price of about $322,902. Despite the price rise, according to the Housing Affordability Index, homes in the Triangle are slightly more affordable this year compared to last year. In June 2020, the index was 119...
September 2020 Raleigh home price update
December 08, 2020 20:45 VideoFriends and Clients — The real estate market is making up for lost time, but things might change soon .1. A surge in sales and record prices This spring, home sales slowed to a crawl due to the coronavirus pandemic. However, this summer, the market has come roaring back. Sales of existing homes surged 24.7% in July compared to June (the last months for which we have full data). That’s the biggest gain in sales since the National Association of Realtors started tracking these numbers in 1...
Ismay Realty Group September Newsletter
December 08, 2020 20:41 VideoWelcome September! The days are getting shorter and hopefully that means cooler weather and lower humidity! We hope you and yours are adjusting to some of the new norms and are able to remain productive, active and healthy. Personally, I have found new ways to stay active while the gym remains closed and am enjoying the variety. By the time you read this I will be in the process (or have completed) a two-day hike up Mt. Whitney with three buddies. We are grateful that we have been healt...
Ismay Realty Group August Newsletter
December 08, 2020 20:32 VideoHello August! Hard to believe we are more than half way through the year! 2020 has certainly not been what we were expecting in January! We hope you and your loved ones are doing well and continuing to stay safe during these times! We all continue to handle things in the best way we can. As I write this newsletter in the middle of July, we are still in Phase 2, at this point it seems until at least August 7th. We hope we continue moving towards more things opening and at the same time keep...
How to save while refinancing with an “appraisal waiver”
December 08, 2020 19:51 VideoFriends and Clients — I want to tell you about a quick and easy way to save hundreds of dollars when you’re refinancing or taking out a mortgage. I’m talking about a little-known option called an appraisal waiver. In a nutshell, when a lender decides to give you a loan, they want to have a good idea of what your property is worth. The typical way they do this is by sending out an expert to examine the property. This appraisal typically costs between $270 and $750. As you can probably gue...
Ismay Realty Group July Newsletter
December 08, 2020 19:45 VideoWelcome July! In some ways, this year is really flying by! We hope you and your loved ones are doing well and staying safe in these uncertain times! It seems everyday there’s something new. We are all handling things in the best way we can. As I write this newsletter in the middle of June, we are in Phase 2, hoping to move into Phase 3 during July. With all this uncertainty, how is your world? Are you planning a summer vacation somewhere? Do you think it’s safe to be traveling? Are your fa...
June 2020 Raleigh home price update
December 08, 2020 19:41 VideoFriends and Clients — The real estate market is in a unique position right now. Let me give you a quick update: 1. Social distancing restrictions are loosening Around Raleigh, we’re starting to see more and more open houses. Home sales are also picking up once again. Of course, there is a new level of care and consideration for safety and health. At open houses, expect to see lots of hand sanitizer and gloves. We’re even seeing lots of virtual showings these days, which often suits both b...
Will COVID-19 change where people choose to live?
December 08, 2020 19:32 VideoFriends and Clients — The coronavirus pandemic is sure to have long-reaching consequences—some of which might surprise you .For example, the pandemic might completely overturn recent trends of where people choose to live. For the past three decades, people have increasingly preferred cities to suburbs. In fact, according to a recent study, each new generation of young people has been more and more likely to move to cities. Many stayed on in cities, even after getting married and having a f...
How coronavirus is affecting Raleigh home buyers and sellers
April 21, 2020 20:21 VideoFriends and Clients — I want to give you a balanced update on the Raleigh real estate situation. Of course, there’s the elephant in the room: The coronavirus pandemic has had a massive effect on the entire economy, and that includes the real estate market. Health concerns and rules about social distancing have led some sellers to withdraw their homes from the market, and fewer buyers to schedule showings. The recent volatility in the stock market is causing additional trouble. And perha...
How will COVID-19 affect real estate?
March 17, 2020 00:00 VideoFriends and Clients — As the world nervously watches the spread of COVID-19 (Coronavirus), the pandemic has begun prompting responses from every industry, and nearly every level of organization in the country. Perhaps a much anticipated social gathering or recreational league you or a family member enjoy has just been canceled or postponed indefinitely. Professional sporting events, concerts, and even political campaigning have been impacted. How then, has COVID-19 affected the real estate m...
Fall 2019 Raleigh home price update
October 15, 2019 00:00 VideoFriends and Clients — The real estate market is in an unusual position right now. Let me explain. First off, mortgages are once again incredibly low. After increasing for much of last year, mortgages started dropping last November. And they’ve kept dropping, up to and including the present. The current 30-year fixed-mortgage rate stands at 3.49%, just 0.18% over the all-time historic low. Second, home prices are rising again. This July, home prices rose 3.6% over the previous year. Ho...
Summer 2019 Raleigh home price update
August 15, 2019 20:00 VideoWhat a difference a few months make. Just this spring, we seemed to be entering a buyer’s market. Demand was receding, home price growth was slowing, and more and more homes were being listed for sale. But this is not so today. Home prices are heating up again. The average price of homes sold this May rose 3.6% from a year earlier—the biggest gain in seven months. Demand is up, too, with more buyers showing up for viewings. And the supply of homes remains very tight, particularly at th...
Homebuyer Dreams Are Ruined by These 2 Myths
May 07, 2019 16:14 VideoIf you’re in the market to buy a home, there are two myths that, if you believe them, will absolutely ruin any opportunities you have: You need 20% down to finance the purchase of a home. Studies show that 30% of current homeowners believe they need 20% down, and 39% of renters believe this as well. However, that’s not true, and people are wasting money on rent for far longer than they should while trying to scrounge up an adequate down payment. There are local, state, and federal progra...
Spring 2019 Raleigh Home Price Update
April 19, 2019 20:20 Video2019 has gotten off to an incredible start as far as our Raleigh real estate market is concerned. There has been a surge of buyer demand from millennials entering our market nationwide, and this is great news for anyone thinking of selling this year. In fact, according to Odeta Kushi, the senior economist for First American Financial Corporation, 2019 is set to be even more lucrative on this front than we’ve observed in the recent past. That’s because the “largest cohort of millennials [wi...
Are You Following CAPE?
April 09, 2019 18:12 VideoCAPE is an acronym our team uses to help sellers remember the elements that can make or break their home sale. Condition, access, price, and exposure are all key to attracting the most buyers and getting the most money possible from your sale. Today I’ll break down each of these elements and explain why they’re so important to stay on top of.First, a home’s condition is something that the seller has complete control over. Think of it this way: The buyer needs to envision themselves living i...
What's behind the recent plunge in home sales?
April 02, 2019 08:19 VideoHere’s a bit of a puzzle for you: This past December, home sales plunged across the country. In fact, they are down a staggering 6.4%. However, it’s not clear why. The economy is doing well. During that same December, 312,000 jobs were created across the country, topping all forecasts. Wage gains are accelerating and labor-force participation is increasing. Also, mortgage rates, while higher than a few years ago, are still at historical lows. What’s more, they even dropped in December. I...
Do the 2018 Market Numbers Forecast a Shift Happening in 2019?
February 11, 2019 18:06 VideoHow did our Raleigh market end the year in 2018? First, let’s compare the year-over-year numbers from the month of December. Compared to December 2017, the number of new listings in December 2018 dropped 0.3%. In that time, the number of closed sales also dropped a full 17%. Although sales were down, the median sale price and the average sale price both rose—up 6.5% and 7.3%, respectively. The average days on market, meanwhile, dropped 15.6% from 32 days to 27 days. Finally, our supply o...
Have a Box of Chocolates on Us This Valentine’s Day
January 28, 2019 16:45 VideoValentine’s Day is right around the corner, and we want to make it a sweet one for all of you by offering a free box of chocolates. If you’d like one for your sweetie, or to take care of a sweet tooth of your own, send an email on over to [email protected] by February 8 to reserve your box. We will be in touch with you and let you know all the details. Until then, Happy Valentine’s Day, and we hope to hear from you soon.
It’s Not Thanksgiving Without Pie, and We’ve Got You Covered
November 09, 2018 18:44 VideoThe holiday season is just around the corner, so today we want to wish you a safe, happy Thanksgiving and invite you to our free pie giveaway on Tuesday, November 20. All you have to do is stop by our office at 4700 Homewood Court any time between 9 a.m. and 3 p.m. to pick up your free pie. In the meantime, just RSVP by emailing us at [email protected] or calling us at (919) 636-5272 and tell us whether you’d like an apple or pumpkin pie and who will be picking up your pie. We...
Where Are the Best Places to Eat in the Triangle?
October 22, 2018 19:00 VideoInstead of talking about real estate, today I want to talk about some of my favorite restaurants here in the Triangle Area. If you haven’t been to any of these places before, I highly encourage you to check them out. Here’s my list: 1. Cafe Tiramisu. I’ve been going here for nearly two decades and it’s my favorite place to eat. The mom-and-pop family feel is something that can’t be replicated. Even though the original owners have passed away, their personality and history continue to live ...
Where Should You Make Your Weekend Getaway This Fall?
September 19, 2018 15:58 VideoWe’re taking a bit of a diversion from real estate today to talk about a few of my favorite fall weekend getaways here in the Triangle Area: 1. Asheville. This is a fantastic place to see the leaves change colors this fall. Many believe that the weekend of October 27 and 28 is going to be the best dates to do that. I highly recommend staying at Asheville Cottages, a family-owned operation that has a number of private cottages with wonderful amenities and great views of the foliage. There a...
What Every Homeowner Must Know About Selecting a Remodeling Bid
August 29, 2018 20:25 VideoWhen preparing to make a home renovation project, one of the first important decisions you’ll be faced with is selecting the right bid. To ensure you make the best possible choice, there are five tips you should follow as you proceed: 1. Become comfortable with the overall cost. Homeowners may receive bids that are thousands of dollars apart and will often choose the one which will cost them the least. However, this is not always the best way to proceed. When it comes to remodeling project...
In Real Estate, Secrets Don’t Make Friends: A Seller’s Guide to Disclosures
August 15, 2018 18:48 VideoWhen selling a home in the state of North Carolina, what are you legally required to disclose to the buyer? In the listing process for all transactions, there’s a document called the Residential Property and Owners’ Association Disclosure Statement that is required by the state. It’s a guideline for sellers to review that answers a series of questions buyers would (more than likely) ask anyway. Such questions might include: What is the age of the roof? When was the home built? How r...
If You're Buying, Renting, or Selling, You Are at Risk for Fraud
July 25, 2018 15:10 VideoAre you being scammed? These days, it’s more common than you might think. Protecting yourself against fraud when buying, renting, or selling real estate is crucial. So today I’d like to highlight some scams to watch out for as well as some information on how to protect yourself. 1. Wire fraud. The media has done a lot of reporting recently about this scam, but allow me to quickly explain it in case you’ve missed this coverage. Here’s how it works: Hackers gain access to the email account ...
Don't Get Too Comfortable: Our Market Has Looked Like This Before
June 13, 2018 17:31 VideoToday’s market is a far cry from the mortgage crisis of 2007. In fact, it’s almost too good. But while we’re sitting pretty at the moment, our current high demand and low inventory are actually somewhat reminiscent of a time just before that low point in our market. So with that in mind, it’s time to reflect on an important question: What did we learn from the 2007 bubble burst? Let’s take a look at five crucial lessons we learned from that unfortunate period in our market: 1. Don’t buy ...
Youre Not Getting Any Younger - Multigen Living Can Save Your Money and Health
May 29, 2018 18:30 VideoOver the past several years, I’ve been seeing a trend where buyers look for homes that will accommodate multiple generations—grandparents, parents, kids, and grandkids. Selling a home? Get a free home value report Buying a home? Search all homes for sale My gut tells me that there is a demographic shift occurring here, where: Grandparents or empty-nesters are becoming more inclined to live with people of other generations, and/or: Younger generations are more inclined to have their p...
Keep Radon Out of Your Home and Keep Your Family Safe
April 17, 2018 14:46 VideoToday I’m joined by Randy Paquette of First Choice Radon to discuss what you can do to prevent radon from seeping into your home. Selling a home? Get a free home value report Buying a home? Search all homes for sale As a gas, radon is the leading cause of lung cancer in the U.S. among non-smokers. It also kills more people annually than breast cancer, colon cancer, and prostate cancer combined. The good news is, radon is easy to test for, and you can do it with several different monitors...
What Buyers and Sellers Must Know About Our Spring Market
April 04, 2018 18:19 VideoThe month of March has been cold and dreary here in the Raleigh area. So, when I say that it’s time to get ready for the spring market, many people think, “Spring market? It’s still winter!” Selling a home? Get a free home value report Buying a home? Search all homes for sale However, despite the cold, spring has definitely arrived. The spring real estate market has sprung. I recently looked at all homes listed on our MLS in the last 30 days, and I found that 62% of those properties are a...
You Never Know What Issues a Home Might Have
March 08, 2018 18:51 VideoLet’s talk about home inspections. Selling a home? Get a free home value report Buying a home? Search all homes for sale Beyond a general home inspection, there are several specific inspections buyers may choose to conduct while under contract. Radon inspections, termite inspections, and others are all options, depending on the features of the property and the buyer’s concerns. If, during a general inspection, the home inspector finds fault with any of the features they examine, additio...
Have You Set Any Goals for the New Year?
January 02, 2018 18:34 VideoGoals—now that we’re in the new year, what are your goals? Do you have them written down? Are you reviewing them on a regular basis? If not, here are some things that you may want to consider that may help you set, stick to, and achieve your goals. Selling a home? Get a free home value report Buying a home? Search all homes for sale Most anything you read about goal-setting states that if you write your goals down, you’re 80% more likely to achieve them. For years, I had goals that I kept...
Don't Let This Ruin Your Home Sale
November 30, 2017 15:28 VideoIf you are preparing your home for the market, you need to check on your crawl space. Selling a home? Get a free home value report Buying a home? Search all homes for sale You may say, “Why would I even want to think about the crawl space? I don’t want to go look at it. There are spiders down there!” I completely understand where you are coming from. Like the saying goes: Out of sight, out of mind. However, we’ve had several clients experience delays and costly surprises during their tra...
10 Reasons to Consider Selling During the Holiday Season
November 08, 2017 17:00 VideoAlthough spring is traditionally considered the best time to sell a home, today I’m excited to share the top 10 reasons you should consider listing in the next few months before the spring market hits. Selling a home? Get a free home value report Buying a home? Search all homes for sale 10. You will have the opportunity to be a non-contingent buyer in the spring. In the spring, there are more homes available on the market. By listing now, you can sell high and buy low in the spring. 9. Y...
4 Out-of-Pocket Costs Homebuyers Should Expect
October 09, 2017 16:42 VideoWhen buying a home, there are four out-of-pocket expenses that you should be prepared to pay: Selling a home? Get a free home value report Buying a home? Search all homes for sale 1. Your due diligence deposit. Our purchase contract was revised a few years ago and now stipulates that the buyer make a non-refundable due diligence deposit to the seller. This deposit does credit back to the transaction as long as you make it to the closing table. The due diligence deposits can range anywhere...
Accessing Our Newsletter Just Got Easier
September 21, 2017 16:31 VideoI was just talking recently with a past client, Lori, who had a great idea. As you may know, we do have a newsletter available. Selling a home? Get a free home value report Buying a home? Search all homes for sale “NOW WE HAVE ARCHIVES OF OUR PAST AND CURRENT NEWSLETTERS ON THE BLOG.” This newsletter contains information on the market, vendors, local happenings, and success stories as well. This brings me to Lori’s great idea. It all started when she realized she’d gone to work without ...