Market Trends: Wake County

Homebuyers have navigated an unpredictable housing market over the past few years. Between rising home prices and stubborn mortgage rates, many young would-be buyers have delayed homeownership until affordability improves, and some have given up on the idea entirely.

Now, as mortgage rates float around 6.75%, expectations for a strong summer market rebound have cooled. Homebuyers value affordable housing options more than ever, especially as mortgage rates fluctuate. While the outlook for the rest of the year is uncertain, experts suggest buyers will remain hesitant despite a slight increase in bargaining power.

Inventory in Wake County remains tight, keeping the market firmly in sellers’ territory with 3.26 months of supply. Homes are still moving quickly, averaging 16 days on the market. Add a 99.2% average sale-to-list price, and it is clear that Wake County shows no sign of a weakening seller’s market.

Interest Rates

The national average 30-year fixed mortgage interest rate is 6.75%, a decrease of eight basis points over the prior week. At the current average rate, principal and interest total approximately $648.60 per month for every $100,000 borrowed.

While mortgage rates could remain elevated, they have also been relatively stable. Many experts predict that 30-year rates will hold steady this year, averaging between 6% and 7%. Although this is higher than in recent years, it remains in line with historical norms.

Trusted Partner: Lawson Landscaping

If you are looking for reliable, affordable lawn care in the Raleigh–Durham area, let me introduce Gil Carreno, owner of Lawson Landscaping. With 15 years of experience, Gil has a solid reputation for top-notch lawn-care services. Whether you need regular mowing, tree and bush pruning, mulch installation, or leaf removal, his services have you covered. He specializes in residential and commercial properties and has become a trusted name for homeowners in our area.

I personally use Gil for my lawn care and could not be happier with the results. For $80, he takes care of my full acre with thorough mowing and blowing, leaving the yard neat and well maintained. He also takes care of several of my neighbors, which is how I met him.

Gil offers free estimates so you can understand the cost before committing. He prefers text messages at (919) 879-7806, which makes scheduling quick and easy. Whether you want to spruce up the yard for the season or need regular maintenance, I highly recommend his services.

Clever Home, Clever Idea: Cabinet Floor Protection

I worked in remodeling for nearly two decades, focusing on kitchens and bathrooms. In that time, I saw more damaged cabinet floors than I can remember. If you have ever dealt with a slow sink leak or sudden plumbing issue, you know how quickly water can damage a cabinet. The bottom panel, often made of particleboard or thin plywood, is especially vulnerable to warping, staining, and mold. That is where silicone under-cabinet floor protectors come in.

These flexible, waterproof liners sit directly on the cabinet base and create a protective barrier that contains spills, drips, or leaks before they soak in. Most have raised edges, so even a slow drip from a loose pipe or faucet can be held until you spot and address it. They are especially valuable beneath kitchen and bathroom sinks where plumbing is hidden.

They are also easy to install. There is no hardware, adhesive, or special tool required - measure the cabinet, trim the mat if needed, and lay it flat. Many versions use neutral colors and textured surfaces that prevent stored items from sliding.

One other benefit is their versatility. You can use them for whatever your imagination comes up with - for example, as pet-feeding mats, work mats, cat-litter mats, or boot trays.