Welcome or Register


Allan Rodgers

Raleigh, NC 27612
Phone: 919-744-2838
Email: arodgers@fmrealty.com



Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

*Contact Information NOT Shared*


Contact Allan

Allan Rodgers
3600 Glenwood Avenue, Suite 150
Raleigh, NC 27612
Phone: 919-744-2838
Email: arodgers@fmrealty.com

 

 





* fields are required

Welcome!

On behalf of The Allan Rodgers Team I'd like to extend a personal welcome to MyHomeRaleigh.com. We've designed this site to be a valuable resource for real estate information and services in greater Raleigh and other Triangle communities. I hope you enjoy your experience here and encourage you to explore everything the site has to offer, including real estate listings in Raleigh, Cary, Apex, Garner, Knightdale, Morrisville, Wake Forest, and other communities in the Triangle region. We've also included information for homebuyers and sellers, mortgage information and more about your professional Triangle REALTOR® team.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database of available properties in the area. Or let us do the work for you by using our Dream Home Finder personalized search form.

If you're planning to sell your home or property in the next few months, nothing is more important than determining a market appropriate asking price. Allow us to help you with a Comparative Market Analysis. We'll identify and use comparable sold, off market (expired) and active listings to help you determine a likely sales price range for your home or property.

For Sellers

Let us quickly and accurately assess your home's current value.

Free Email Updates

Register now to receive free email listing updates!

Contact Me

Have a question? Want more information? Let's get in touch.

Real Estate News

Latest Realty News from NAR

Home Buying Conditions by State in January 2019

Homebuying activity was essentially unchanged in January 2019 compared to one year ago, according to NAR’s January 2019 REALTORS® Confidence Index Survey.[1] The REALTORS® Buyer Traffic Index registered 52 in January 2019, just slightly above 50, a level that indicates no change in the overall direction of buyer traffic activity, One year ago, the REALTORS® Buyer Traffic Index was at 69, a level that indicates homebuying traffic was broadly stronger compared to conditions one year ago. A lower index in one month compared to the level in another month slower activity during that former month, so the steep decline in the value of the index from 69 to 52 indicates homebuying conditions have slowed significantly from conditions one year ago.[2] The REALTORS® Buyer Traffic Index has fallen below leads existing home sales by one to two months, so the January reading is an indicator of sales in the next one to two months.

Buyer traffic was broadly weaker during November and December 2018 and January 2019 compared to conditions one year ago in the District of Columbia and in states 16 states that included Oregon, California, Nebraska, Iowa, Illinois, Maryland, Connecticut, Rhode Island, and New Hampshire. However, buyer traffic conditions were broadly stronger during November and December 2018 and January 2019 compared to conditions one year ago in Idaho, Utah, Wisconsin, Indiana, Alabama, Georgia, South Carolina and North Carolina.


The REALTORS® Buyer Traffic Index has hovered at near 50 since August 2018 when the index fell to 51 and remained at below 50 through December 2018. The January reading of 52 indicates a slight upturn in homebuyer traffic as mortgage rates started falling in January 2019.  As of the week of February 14, the average 30-year fixed mortgage rate fell to 4.37 percent, from a high of 4.94 in the weeks of November 8 and 15.[3]

REALTOR® Comments

Higher mortgage rates compared to one year ago, the negative effect on confidence of the government shutdown, the cap on deductions for property, state, and local income taxes, and the very cold weather were some factors cited by the respondents for the slowdown in buyer activity in their markets.

  • Respondents from some Midwest states— Ohio, Illinois, Iowa, Michigan, Missouri, Indiana— reported that the extremely cold weather held homebuying activity.
  • Some respondents from California, New York, and New Jersey reported the cap on deductions for property, state and local income taxes is negatively affecting sales.
  • A respondent from California also noted that the widespread wildfires in 2018 are still impacting home sales[4].
  • Respondents from Alabama, California, Nevada, Florida, Texas, and Virginia reported that the government shutdown appeared to have had an impact in homebuying activity.
  • Lack of supply, especially of affordable homes, continues to frustrate would-be homebuyers.
  • REALTORS® reported that higher mortgage rates (during October, November and December) discouraged buyers

 

To note, mortgage rates have started falling again since January 2019.[5] As of February 14, the 30-year fixed rate mortgage has fallen to 4.37 percent from 4.8 percent during the weeks of November 8 and 15. The 30-year fixed mortgage rate is still slightly higher compared to the 3.95 percent in January 2018. The monthly increase in mortgage payment arising from a 0.5 percent increase in mortgage rates on a loan of $250,000 is about $73 per month.


 

[1]In a monthly survey of REALTORS®, NAR asks respondents “Compared to the same month (January) last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” NAR compiles the responses into an index, where an index above 50 indicates that more respondents reported “stronger” traffic than “weaker” traffic.  In generating the buyer traffic index at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations. The index is not seasonally adjusted, so a year-over-year comparison is appropriate.

[2] The index is not seasonally adjusted, so a year-over-year comparison is appropriate compared to a month-to-month comparison in evaluating whether market conditions are improving or deteriorating.

[3] Freddie Mac’s survey of 30-year fixed rate mortgages

[4] Bloomberg reported that 876,000 acres were burned in California due to wildfires, citing data form the California Department of Forestry and Fire and Protection in Now California Wildfires Burn All Year; see https://www.bloomberg.com/news/articles/2019-01-17/california-fires-burn-all-year-as-drought-left-state-a-tinderbox

[5] Rates started falling after Chairman Powell of the Federal Reserve Board announced in December 2018 that it was looking at one rate hike in 2019.

View All

Blog

Why You Should Buy In The Fall.

Autumn is a Great Time to Buy or Sell a Home Fall isn’t traditionally thought of as the busiest time in real estate, but there are big advantages to buying or selling a home during autumn. People are always moving into our area, and your home will... Read more

MyHomeRaleigh.com: Why local matters.

After months of work The Allan Rodgers Team of Fonville Morisey Realty is pleased to introduce a comprehensive new resource for Raleigh home buyers and sellers. With the launch of MyHomeRaleigh.com, home buyers & sellers in greater Raleigh and Wake Co... Read more
View All


Allan Rodgers
| The Allan Rodgers Team | Fonville Morisey Realty
Direct/Text 252-267-2909 | arodgers@fmrealty.com
3600 Glenwood Avenue | Suite 150 | Raleigh, NC 27612
Copyright © 2015. Allan Rodgers, All Rights Reserved