It was one year ago this month that the World Health Organization declared Covid-19 a pandemic. Coronavirus has upended nearly every aspect of our daily lives, including where we live and where we work. For many people, both are now in the same location. It’s been no different for buying and selling homes across the… [Read More]
Home listings Fall to Record Low Causing Bidding Wars
A nationwide survey conducted by Redfin found that nearly 56% of offers for homes faced bidding wars in January, up nearly 4% from December of last year. More than half of homes are now going under contract in less than two weeks. This marks the ninth consecutive month where more than half of home offers… [Read More]
Charlotte Housing Market Continues To Thrive
The odds of finding a for sale sign outside a property in Mecklenburg county are high but chances are there will be a bidding war before it’s sold within days or even just a few hours. The U.S. housing market has seen a significant rise through the pandemic and Charlotte is certainly not an exception,… [Read More]
January 2021 Existing-Home Sales and Prices Rise
Sales of U.S. homes rose again in January, signaling the strong momentum from 2020 may be carrying over into this year. According to a report released by the National Association of Realtors, data shows that housing market activity rose a modest 0.6% from the previous month. January’s existing home sales reached 6.69 million, a seasonally… [Read More]
2020 Housing Market Gains More Value Than Any Year in Past 15 Years
The U.S. Housing Market shows no sign of slowing down after a record-setting year. According to a new Zillow analysis, the housing market gained about $2.5 trillion in value last year. It was the most in any single year since 2005. The full stock of the market is now worth $36.2 trillion. Demand for housing… [Read More]
U.S. Housing Markets Poised for 2021 Swell
The 2020 Covid-19 pandemic has upended the country’s real estate market but some regions are in better positions to bounce back than others. The shift to working from home for many Americans meant households across the country rethought where they lived. There was a surge in interest in vacation towns as wealthier Americans opted for… [Read More]