North Carolina
5 Biggest Myths of Buying a Home in North Carolina in 2025 — Dispelled by Experts
Based on the most recent data from Redfin, U.S. housing prices were up 5.4% year over year in November. But, if you are looking to move to North Carolina or if you already live there and are thinking of buying a home in 2025, you will find the market a little better than the overall prices around the country.
According to Redfin, North Carolina home prices were up just 2.6% over November 2023, with a median price of $374,100.
Try Out: 25 Places To Buy a Home If You Want It To Gain Value
Learn More: 3 Best Florida Cities To Buy Property in the Next 5 Years, According To Real Estate Agents
Experts dispelled five common misconceptions about buying a home in North Carolina heading into 2025.
Myth No. 1: The Housing Market Will Slow Due to Hurricane Helene
The number of homes sold in November was down 2.2% year over year, and a common misconception is that the will continue to slow due to the damage to homes from Hurricane Helene.
What’s the Reality?
“The North Carolina housing market experienced a slight slowdown in the last quarter of 2024,” said Polly Leadbetter, the license partner of Engel & Völkers Foothills Lake James. “This was due to higher mortgage rates, the elections and Hurricane Helene.”
As interest rates continue to drop, experts expect the housing market in most of the state to return to healthy inventory and transaction levels.
“At this point,” Leadbetter added, “only specific areas of Western North Carolina have homes that are still significantly damaged.”
Also See: Renting Vs. Owning a Home — Which Will Be Cheaper in 2025?
Myth No. 2: Housing Prices Will Shoot Up
Another common myth is that housing prices are expected to increase in North Carolina with expected interest rate announcements and increased competition.
What’s the Reality?
Nathan Richardson, a real estate expert and founder of CashForHome, said, “It goes without saying that we have noticed an upward price in the housing market in some cities like Raleigh, Charlotte and Asheville. However, other areas in North Carolina still have a reasonable price guide for the buyers.”
Just because rates are expected to drop doesn’t mean that all housing prices will increase in the state. Real estate dynamics can be fairly complex, and there are no certainties when it comes to prices over an entire state.
Myth No. 3: Homebuyers Aren’t Required To Pay Any Fees
According to Leadbetter, a common misconception about buying a home in North Carolina is that homebuyers believe they’re not required to pay any fees at the time their offers are accepted.
What’s the Reality?
Leadbetter pointed out that two fees are due in North Carolina as soon as an offer is accepted. The first fee is a due diligence fee, which is similar to an option fee. It’s paid directly to the seller for the time spent conducting inspections, securing a loan, etc. This fee is nonrefundable because the buyer pays the seller to take the property listing off the market and not for the results of the inspections.
The second fee is the earnest money deposit, which is held in a trust account until closing and is refundable if the buyer cancels before the end of the due diligence period.
“Both fees are credited to the purchase price if the sale is completed,” Leadbetter said.
Myth No. 4: The Seller Is Responsible for Making Certain Repairs
Leadbetter noted another misconception in the North Carolina market, which is that the seller is responsible for repairing damages found during a home inspection.
What’s the Reality?
In North Carolina, homes are sold “as is.”
Leadbetter clarified: “While many sellers are willing to negotiate repairs, they’re not obligated to address damage or issues found during a home inspection.”
This is why it’s crucial that you have a home inspection conducted by an expert who can identify issues that aren’t easily noticed. If you don’t bring up the issues during negotiations, you may get stuck with expensive repairs when you take ownership of the property.
Myth No. 5: Property Closings Are Done By a Title Company
A common myth about buying a home in North Carolina is that a title company does property closings. However, the process is a bit different in the state compared to others.
What’s the Reality?
Unlike many other states, property closings in North Carolina are done by an attorney, not a title company.
Leadbetter added, “An attorney is hired by the buyer and they will research the title on the property as well as obtain title insurance, coordinate loan documents, and prepare all other documents that are needed to purchase the property.”
More From GOBankingRates
This article originally appeared on GOBankingRates.com: 5 Biggest Myths of Buying a Home in North Carolina in 2025 — Dispelled by Experts
The NC Lottery offers several draw games for those aiming to win big.
Here’s a look at Monday, May 4, 2026 results for each game:
Winning Powerball numbers from May 4 drawing
30-36-42-60-63, Powerball: 13, Power Play: 2
Check Powerball payouts and previous drawings here.
Winning Pick 3 numbers from May 4 drawing
Day: 0-5-9, Fireball: 8
Evening: 5-4-0, Fireball: 7
Check Pick 3 payouts and previous drawings here.
Winning Pick 4 numbers from May 4 drawing
Day: 8-3-9-5, Fireball: 0
Evening: 4-8-7-4, Fireball: 9
Check Pick 4 payouts and previous drawings here.
Winning Cash 5 numbers from May 4 drawing
01-10-21-27-37
Check Cash 5 payouts and previous drawings here.
Winning Double Play numbers from May 4 drawing
02-09-15-23-34
Winning Millionaire for Life numbers from May 4 drawing
08-17-22-34-39, Bonus: 05
Check Millionaire for Life payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
All North Carolina Lottery retailers will redeem prizes up to $599.
For prizes over $599, winners can submit winning tickets through the mail or in person at North Carolina Lottery Offices. By mail, send a prize claim form, your signed lottery ticket, copies of a government-issued photo ID and social security card to: North Carolina Education Lottery, P.O. Box 41606, Raleigh, NC 27629. Prize claims less than $600 do not require copies of photo ID or a social security card.
To submit in person, sign the back of your ticket, fill out a prize claim form and deliver the form, along with your signed lottery ticket and government-issued photo ID and social security card to any of these locations:
- Asheville Regional Office & Claim Center: 16-G Regent Park Blvd., Asheville, NC 28806, 877-625-6886 press #1. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
- Greensboro Regional Office & Claim Center: 20A Oak Branch Drive, Greensboro, NC 27407, 877-625-6886 press #2. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
- Charlotte Regional Office & Claim Center: 5029-A West W. T. Harris Blvd., Charlotte, NC 28269-1861, 877-625-6886 press #3. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
- NC Lottery Headquarters: Raleigh Claim Center & Regional Office, 2728 Capital Blvd., Suite 144, Raleigh, NC 27604, 877-625-6886 press #4. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes of any amount.
- Greenville Regional Office & Claim Center: 2790 Dickinson Avenue, Suite A, Greenville, NC 27834, 877-625-6886 press #5. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
- Wilmington Regional Office & Claim Center: 123 North Cardinal Drive Extension, Suite 140, Wilmington, NC 28405, 877-625-6886 press #6. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Check previous winning numbers and payouts at https://nclottery.com/.
When are the North Carolina Lottery drawings held?
- Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
- Mega Millions: 11 p.m. Tuesday and Friday.
- Lucky for Life: 10:38 p.m. daily.
- Pick 3, 4: 3:00 p.m. and 11:22 p.m. daily.
- Cash 5: 11:22 p.m. daily.
- Millionaire for Life: 11:15 p.m. daily.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Carolina Connect editor. You can send feedback using this form.
GASTONIA, N.C. (WBTV) – An overturned transfer truck shut down traffic along an I-85 exit ramp in Gaston County on Monday morning.
The crash happened around 7:20 a.m. on Monday, May 4, along I-85 North off-ramp (Exit 17) near N. New Hope Road in Gastonia. Officials said the accident was causing major traffic delays.
The Gastonia Police Department said the road was closed for the next couple of hours as cleanup and recovery efforts were underway. Drivers are asked to avoid the area if possible and use detour routes.
Officials said the driver of the truck was taken to the hospital. The driver’s condition was not immediately clear, or what caused the truck to turnover.
A transfer truck is a large truck that pulls a separate trailer, typically containing construction materials up to 25 tons.
Read more: Tick population becoming more active in Charlotte amid hot and dry weather
Copyright 2026 WBTV. All rights reserved.
UNC is still high on Denis as backcourt depth piece despite coaching change and lack of playing time last season.
While North Carolina continues to rebuild its backcourt, one of its key guards is officially returning.
Guard Isaiah Denis re-signed with the Tar Heels on Sunday afternoon, the university announced on social media. The move comes after Denis withdrew his name from the transfer portal on April 18.
Denis was among the first UNC players to enter the transfer portal when it opened April 7. But after a meeting with head coach Michael Malone and the coaching staff, he reconsidered and decided to return for another season.
A former four-star prospect, Denis was part of North Carolina’s 2025 recruiting class that also included Caleb Wilson and Derek Dixon. Denis appeared in 10 games last season, averaging 1.9 points and 0.6 rebounds while shooting 50% from the field.
UNC remains high on Denis and his ability to provide depth in the backcourt.
Follow us @TarHeelsWire on X and like our page on Facebook to follow ongoing coverage of North Carolina Tar Heels news, notes and opinions.
-
Technology4 minutes agoFrom Alan Shepard to Artemis, celebrating 65 years of Americans in space
-
World10 minutes agoIDF claims to have taken out Hamas commander who participated in Oct 7
-
Politics16 minutes agoElizabeth Warren’s Bezos Met Gala jab backfires as critics mercilessly drag ‘un-American’ lawmaker
-
Health22 minutes agoIV therapy and supplements under scrutiny as experts warn of potential side effects
-
Sports28 minutes agoWhy the Pistons at -3.5 is the play as the NBA Playoffs second round gets underway in Detroit
-
Technology34 minutes agoHumanless big rig completes first US freight run
-
Business40 minutes ago
Commentary: How many Cybertrucks has Tesla sold to the public? Fewer than you might think
-
Entertainment46 minutes agoThe full list of 2026 Tony Awards nominations
