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July 2021 Market Snapshot for Greensboro
Dated: August 18 2021
Stay up to date with the latest trends in the Greensboro, North Carolina Real Estate Market with Top Realtor Michelle Porter.
The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including laon modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend the length of their mortgages. For borrowers who can't resume their monthly mortgage, HUD will offer lenders the ability to provide all eligible borrowers with a 25% principal and interest reduction.
The National Association of REALTORS® reported inventory of homes for sale nationwide rose slightly in June as more sellers list their homes, hoping to take advantage of record-high sales prices across the country. Even with renewed home seller interest, inventory overall remains 18.8% lower than a year ago, according to NAR.
I have been a leader in Greensboro’s real estate market since 1994 and have consistently been a top producer in many segments of the Triad market. As a Greensboro native, I have extensive knowledge....