Written By: The Desiree Goldman Group With BOLD Real Estate
If you live in Wake County, it’s likely your mortgage payment was more in July. Property bills are going up around the Triangle, and in Wake County. Fiscal year 2025 (July 1, 2024 – June 30, 2025) is underway, which means people will begin seeing the increases in their payments that result from higher home values. Properties in Wake County went through a revaluation this year, and Wake County homes are seeing a 53% increase on average. Residential real estate market analyst Stacey Anfindsen explained why the increases are happening. "If you have hundreds of thousands of people coming into RTP, they're using the infrastructure and the infrastructure ... every one of these things has a life expectancy." For more information and growth statistics, watch Stacey's TARR Report video here.
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