Linda Craft Commentary: Housing Market Continues to Recover, Providing Homeowners with Options
The pace of the housing market recovery in the U.S. and the Greater-Triangle area over the last few years has been incredible, and the rebound of the market is providing homeowners with more options than at any point in the last eight or nine years, according to Linda Craft, CEO of Linda Craft & Team, REALTORS® & Certified Distressed Property Expert (CDPE).
“The last several years have been a roller coaster for homeowners in the Raleigh, Durham, Chapel Hill area and around the country. First came the crash, and millions nationwide saw the value of their homes plummet overnight,” said Craft. “Recently, however, the housing market has improved dramatically. Home prices in our area and demand are up, providing homeowners thinking of selling their home with more options than at any other time in recent years.”
From 2011 to 2014, the national median home price increased by about 20 percent, according to the investment firm BlackRock1. With the large increase in home prices, millions of homeowners who found themselves underwater on their mortgages during the housing market crisis have regained equity.
Today, the housing market continues to recover, though more slowly. Home prices are increasing at a more sustainable rate, as Craft further explains, “Going forward, we should see prices increase more in-line with wage and job growth. So for homeowners who have been waiting to sell until the market recovered, now may be the perfect time. Mortgage rates are rising, but are currently still at near historic lows. Homebuyers will have less buying power as the year goes on.”
As a Certified Distressed Property Expert® (CDPE), Linda Craft is specially trained to help distressed homeowners understand their situation and explore the options available to them. “No matter what your situation has been, it’s like significantly improved. Today, homeowners have more options than at any other time in recent years,” Craft said.
Linda Craft has provided a free report entitled “It’s Official, the Housing Market Is Back!” It is accessible from is accessible from her website, http://www.raleighrealestateforeclosures.com at: http://www.raleighrealestateforeclosures.com/Its-Official-Housing-Market-is-Back.aspx.
For more information about the CDPE Designation, visit www.CDPE.com.
About Linda Craft & Team, REALTORS®
Linda Craft & Team, REALTORS® is a locally owned residential real estate firm who has served Triangle homeowners for 30 years. The team mission and focus is market knowledge plus raving fan customer service to ensure a smooth sales process. The team is the NHL Carolina Hurricanes Corporate Real Estate Partner, Raleigh Athena Powerlink and American Red Cross sponsor.
For more information or to schedule an appointment with Linda Craft & Team, REALTORS®, please call 919-235-0007 or visit www.lindacraft.com.