Looking at the Numbers

As a member of The Inspire Collective, I am fortunate to be able to mastermind with some of

the best Realtors in the country. Last week Dr Lawrence Yun, Chief Economist for the National

Association of Realtors joined us for our annual market forecast discussion and he shared some

really interesting statistics. Most of you know me, I am NOT a “stats gal” but these numbers

REALLY resonated with me and I’m delighted to share some really SOLID Real Estate news for all

my people in North Carolina- and particularly Chapel Hill and Durham!

Here's what’s changed since Jan 2020 (Covid hit the Country) through Dec 2023:

 7 million new-born babies

 3 million marriages

 1.5 million divorces

 7 million ppl turned 65

 4 million deaths

 4 million net new jobs

You may have noticed that in the last part of 2023 Interest Rates started to decline. Dr Yun

notes that the Federal Reserve plans to reduce rates in 2024 as much as three times! That’s

great news for families who need to buy a home. He expects by the end of the year rates will be

in the high sixes! This will put real dollars back in our pockets and give back huge buying power!

North Carolina is experiencing some great job growth as well! We are coming in amongst some

of the higher percentage across the Country- This isn’t new news! We’ve all seen the names of

large companies plastered across our news- Apple, Nike, Google and More! Hiring is happening

in NC and here are the stats to prove it! 7.6%- NC is open for hire when it comes to W-2 jobs!