Luxury Home Marketing Group Focus: Mortgage Rates are Climbing – but Still Rate Among Year’s Best

The Raleigh-based Luxury Home Marketing Group focused on a dynamic marketplace during August’s networking session. Discussion centered on changes in interest rates and how these changes impact the Estate Home marketplace ($750,000 and up).

“The Luxury Home market remains strong in the Greater Raleigh area,” said LHMG President Linda Craft. “However, we pay very close attention to changes in interest rates, as these changes can influence buyers and sellers. Our exclusive marketing partner, Towne Mortgage of the Carolinas (NMLS #214800), provided our group with details on mortgage rate movement as we discussed how to take advantage of this information for our clients.”

Towne Mortgage’s Denise Beatty also presented metrics on the changing residential construction market in July and August, in addition to details on how Jumbo Mortgages can benefit Luxury Home buyers..

Tours of Luxury Homes featured estate-style homes represented by Lindsay Taylor (1908 Cedar St., Durham); Linda Craft (21 China Doll, Hills of Rosemont, Durham); Kimberly Conroy (4736 Adler Pass, The Hamptons, Raleigh) and Rick Rogers (7309 Spyglass Way, North Ridge). The Luxury Home Marketing Group website includes profiles of every member, and a home-search feature for homes in the estate-home marketplace (http://www.luxuryhomemarketinggroup.com/search).

The Luxury Home Marketing Group is always seeking strategic partners. If your business involves elite homes, and you are interested in membership, contact President Linda Craft at 919-235-6300. Visit the LHMG blog, https://luxuryhomemarketinggroup.wordpress.com, website, http://www.luxuryhomemarketinggroup.com, and Pinterest board (http://pinterest.com/lhmgraleigh/) for more details.

Background: The group was formed in 2004 as a coalition of luxury home real estate experts, representing luxury home buyers and sellers by applying extraordinary real estate expertise and service in Raleigh, Cary, Wake Forest, Durham, Chapel Hill, Research Triangle Park and surrounding counties. Executive Board members are: President Linda Craft, Linda Craft & Teams, REALTORS®, Vice-President Jill Rekuc of Olde Raleigh Real Estate, LLC , Secretary: Kimberly Conroy, Coldwell Banker HPW, Treasurer Shawn Britt of Realty World-Triangle Living and Past-President Kathy Beacham, Coldwell Banker HPW. Members include Linda Bird Kolarov, Steina DeAndrade, Deborah Nance, Lindsay Taylor, Ida Terbet , Mary Edna Williams, Molly Owen, Leslie Young and Gail Perry.

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Summer Focus for the Luxury Home Marketing Group: Millennials in the Marketplace and Construction/Renovation

The Raleigh-based Luxury Home Marketing Group examined two growing areas of the Estate Home marketplace during summer sessions: Members of the Millennial generation entering the marketplace, and providing for construction and renovation needs in lending.

“Millennials are people born between 1980 and 1995, just following the so-called Generation X,” said LHMG President Linda Craft. “With our exclusive marketing partner, Towne Mortgage of the Carolinas (NMLS #214800), we reviewed data about this growing group of home-buyers how their homeownership needs vary from previous generations as they move into the Luxury Home market.”

Towne Mortgage’s Denise Beatty presented data from the National Association of Realtors indicating that Millennials represent the largest percentage of home buyers, overall, and a small but growing number of home sellers. Towne Mortgage of the Carolina’s Chris Whitaker also presented details of how construction-to-permanent loans and renovation loans can work well with Estate Home buyers.

Recent tours of Luxury Homes featured estate-style homes represented by Leslie Young (2509 Sharon View, Wakefield, Raleigh and 1225 Keith Rd., Hasentree, Wake Forest); Kimberly Conroy (1200 Ladowick, Hasentree, Wake Forest and 1508 Tradescant Court, Raleigh); Kathy Beacham, (7713 Serenity Lake Dr., Serenity Lake, Wake Forest), and Linda Craft (106 Baybrook Ct., Baybrook, Cary and 9109 Fawn Hill Ct., Brier Creek, Raleigh). The Luxury Home Marketing Group website includes profiles of every member, and a home-search feature for homes in the estate-home marketplace (http://www.luxuryhomemarketinggroup.com/search).

The Luxury Home Marketing Group is always seeking strategic partners. If your business involves elite homes, and you are interested in membership, contact President Linda Craft at 919-235-6300. Visit the LHMG blog, https://luxuryhomemarketinggroup.wordpress.com, website, http://www.luxuryhomemarketinggroup.com, and Pinterest board (http://pinterest.com/lhmgraleigh/) for more details.

Background: The group was formed in 2004 as a coalition of luxury home real estate experts, representing luxury home buyers and sellers by applying extraordinary real estate expertise and service in Raleigh, Cary, Wake Forest, Durham, Chapel Hill, Research Triangle Park and surrounding counties. Executive Board members are: President Linda Craft, Linda Craft & Teams, REALTORS®, Vice-President Jill Rekuc of Olde Raleigh Real Estate, LLC , Secretary: Kimberly Conroy, Coldwell Banker HPW, Treasurer Shawn Britt of Realty World-Triangle Living and Past-President Kathy Beacham, Coldwell Banker HPW. Members include Linda Bird Kolarov, Steina DeAndrade, Deborah Nance, Lindsay Taylor, Ida Terbet , Mary Edna Williams, Molly Owen, Leslie Young and Gail Perry.