Q1 National and Local Overview

This report argues that the national housing market and North Carolina’s Triangle region are being shaped by the same core pressures: elevated mortgage rates, persistent housing shortages, affordability strain, and broader economic uncertainty. It emphasizes that in the Triangle, rapid population growth, restrictive zoning, rising land and construction costs, climate-related insurance concerns, and increasing institutional investment are intensifying pressure on both buyers and renters, even as long-term demand remains strong. Overall, the piece presents the region as a resilient but increasingly complex market, with cautious optimism that policy updates, stabilizing rates, and continued job growth will support the market through 2025..