July 2021 Market Snapshot for Greensboro

Dated: August 18 2021

Views: 81

Stay up to date with the latest trends in the Greensboro, North Carolina Real Estate Market with Top Realtor Michelle Porter. 

July 2021

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.

Blog author image

Michelle Porter

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....

Latest Blog Posts

2021 Annual Market Snapshot for the Triad

2021 was quite the year! Between August 2020 and August 2021, home prices across the United States and Canada rose to record levels, with the U.S. housing market rising to a record of 19%&

Read More

Local Weekend Guide

Your Local Weekend GuideIf you're looking for fun, entertaining and educational things to do in the Greensboro, NC area, you've come to the right place. Our Weekend Guide is packed with a variety of

Read More

December 2021 Market Snapshot for the Triad

If you're thinking about selling your home, it's important to have a good understanding of what's going on in the Piedmont Triad real estate market.Knowing the most important data such as

Read More

Paint Trends for 2022

Paint does more than coat the walls of a room. The color you choose can showcase personality, evoke emotion, and even make a space look bigger!That is why once yearly, all the big paint and

Read More