"Return to Normal": RRAR Board Members Talk Housing Market

Ann-Marie Janni and Maya Galletta both talked with local TV stations about inventory and foreclosures in Wake Co.

Published Tuesday, September 13, 2022 2:00 pm
by Jay Nelson

Raleigh's housing market continues to make local headlines. Two RRAR board members gave interviews about Raleigh housing market reports that caught the attention of some local TV stations.

Our Board members had an important message to clients:
Read beyond the headlines.

Maya Galletta spoke with WRAL about a report with the headline "Foreclosures in Wake County up 425% from a year ago". Galletta explained that the current number of foreclosures is the typical number. Those figures had reached record lows when a moratorium on foreclosures was issued due to the pandemic.

"We're getting back to normal", Galletta told WRAL's Debra Morgan in a live interview. Galletta added that the Triangle's foreclosure numbers are currently well below the national average. When asked what homeowners facing foreclosure should do, Galletta offered this advice:

"Don't let them take your home. Call a Realtor® and let us help you".

RRAR Board member Maya Galletta

A couple days later ABC 11 sat down with Ann-Marie Janni to discuss a report on increased housing inventory in the Triangle. "We're going to see people able to buy houses now. It was frustrating for first-time buyers for quite a while," Janni explained.

Data from Triangle MLS showed a 70% increase in the number of homes of sale in the region. Janni's response: "Right now, we're normalizing". She added that the trends are shifting away from a seller's market and that there has been a marked decrease in investors swooping in to buy properties.

The ABC 11 reporter also spoke with non-profit executives about rising rent costs in Raleigh.

RRAR Board member Ann-Marie Janni


Click here to watch Maya Galletta's interview with WRAL.

Click here to see Ann-Marie Janni's story with ABC 11

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