Happy August Everyone! Here is our latest compilation of local real estate updates, local events around the Triangle, Compass offerings and some fun lifestyle tips.
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Real Estate Market Updates
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As we transitioned into the Summer market in Q2, several markets showed increases in housing inventory and closings, signifying a long awaited shift. However, these increases were accompanied by rising interest rates and home prices that continued to climb. Even as buyers saw a slightly less competitive landscape, prices continued on their steady climb. This provided a counter-balance to the heightened inventory.
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DATE the RATE and MARRY the HOME With interest rates climbing and home values remaining steady, now is the perfect time to shop for your home. Why? Higher interest rates bring LESS competition to buy and perhaps more favorable terms for buyers. Don’t let interest rates deter you from buying THE ONE. Instead, “Date” the rate and “Marry” the House. Rates will fluctuate and you can always look for better financing terms when rates improve. Real Estate inventory on the other hand is more unpredictable when it comes to availability and location. So, if the right home catches your eye, don’t delay, we’ll help you navigate the ever-changing market.
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When: August 5
Where: Meredith College, Raleigh One of America's best (and fastest) track events, the Sir Walter Miler, is a free-admission event featuring an elite field of men and women runners. The event allows fans onto the track at Cardinal Gibbons to scream and cheer as athletes look to set some of the fastest mile times of the year in the U.S.. Learn more.
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Beer, Bourbon & BBQ Festival When: August 5 - 6
Where: Koka Booth Amphitheatre, Cary Beer sipping, bourbon tasting, music listening and barbecue eating-what's not to love? Don't miss the two-day Beer, Bourbon and BBQ Festival. Admission buys you a souvenir sampling glass so you can enjoy an all-you-care-to-taste sampling of beer and bourbon, plus chow down on some pulled pork, ribs, biscuits and more, all while enjoying all-day live music. Learn more.
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Live Music on the Village Green When: August 7
Where: Southern Village Green, Chapel Hill Bring a friend and come enjoy Live Music on the Village Green! Music will be performed by Fair To Middlin'. Picnics are encouraged! Learn more.
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Skywatching — Perseid Meteor Shower When: August 12
Where: Dorothea Dix Park, Raleigh Staff and volunteers from the Morehead Planetarium and Science Center, and Raleigh Astronomy Club will help you look through telescopes to view the Perseid Meteor Shower. Learn more.
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Park After Dark When: August 17
Where: 310 S. Academy Street, Cary Enjoy a fun night out in Downtown Cary with your significant other, a group of friends, or just fly solo. These free concerts feature unique food from local vendors and drinks from craft breweries. Learn more.
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When: August 27
Where: Hillsborough Street, Raleigh This annual, all-day block party and street festival, caps off North Carolina State University's Wolfpack Welcome Week at the start of another academic year. The free and open-to-the-public event features more than 300 vendor booths lining Hillsborough St., along with food, games, arts and crafts, a water slide, visual and performing arts and more. Learn more.
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Lazy Daze Arts and Crafts Festival
When: August 27 - 28
Where: Cary Town Hall Campus, Cary For more than 40 years, the Lazy Daze Arts and Crafts Festival has put local artists and craftsmakers in the spotlight. The Cary festival has grown to two days, features more than 300 artists from 16 states, has multiple stages of live music, a beer garden and plenty of food trucks to keep everyone happy. Learn more.
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How can Compass help you?
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SELL YOUR HOME, KEEP YOUR PRIVACY The Jenne Homes Team of Compass can provide you with a private exclusive listing. This is an off-market home that can be shared directly with Compass agents and their buyers. Property details aren’t disseminated widely and won’t appear on public home search websites. Privacy is the ultimate commodity and the decision to sell your home is a personal one. Call us if you want to learn more!
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COMPASS CONCIERGE Compass Concierge is the hassle-free way to transform your home with zero upfront costs or interest. The Jenne Homes Team will work with you to determine ways to get maximum value with home improvement services like painting, staging, flooring and more. When your home sells, you will simply pay back the funds that the program provided. Contact me to discuss how Compass Concierge can help you.
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10 Basement Decorating Ideas That Will Transform Your Home's Lower Level
Many home dwellers are quick to transform their basements into gyms, home theaters, or play areas for their little ones—and as you make these decisions, it's important to consider the style and flow of the space. After all, with the right modifications, your basement just might become one of the most trafficked areas in your home. So, shouldn't it look it's best, too?
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The Top Interior Design Trends to Watch, According to Experts
In 2021, people focused on pieces that mix style and practicality — think self-cleaning bidets for a more luxurious bathroom, for example. But this year, everything from bringing the outdoors into experimenting with pattern and texture, and finding design inspiration from past decades are of interest. Courtesy of Good Housekeeping
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We have new listings COMING SOON in Apex, Wake Forest and N. Raleigh!
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If you or someone you know is looking in these areas, please have them call me!
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker. All material is intended for informational
purposes only and is compiled from sources deemed reliable but is subject to errors,
omissions, changes in price, condition, sale, or withdrawal without notice. No statement
is made as to the accuracy of any description or measurements (including square footage).
This is not intended to solicit property already listed. No financial or legal advice provided.
Equal Housing Opportunity.
Photos may be virtually staged or digitally enhanced and may not reflect
actual property conditions.
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