Housing affordability is on the rise, thanks to declining mortgage rates and increasing median family incomes, according to the latest data from the National Association of Realtors. In November, the median existing home price in North Carolina was $409,200. Meanwhile, mortgage rates averaged 6.24% for the 30-year fixed loan, improving buyers’ ability to enter the market.
This positive trend is encouraging more home buyers, with mortgage applications and pending home sales surging. Experts forecast mortgage rates could average around 6% in 2026, potentially bringing 5.5 million more households into the market nationwide.
For buyers and sellers in Wake and Harnett counties, understanding these shifts can be the key to successful real estate decisions. We’re here to provide knowledgeable guidance rooted in local market insight. Thinking about your next move? Let’s connect and explore the opportunities this evolving market holds for you.
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