Though the Charlotte housing market may have started 2019 off slowly, the region saw a flurry of housing activity in December and had a nearly 6 percent increase for the year over 2018 totals for residential sales. Monthly home sales rose 17.2 percent in December compared to December 2018. In total, 50,854 homes sold in… [Read More]
Conservative moves led to drop in housing inventory
Are lenders and builders to blame for the housing shortage we are facing in 2020? Yes, Marcus & Millchamp CEO Hessam Nadji told CNBC in a recent report. In an attempt to avoid a repeat of 2008’s devastating market crash, lenders and builders have taken more conservative approaches to how they are doing business. Builders… [Read More]
Nov. home sales drop, list prices on rise
As 2019 draws to a close, home sales in the Charlotte region are slowing down overall but showing a positive trend headed into 2020, while demand remains strong amid falling inventory. Year-over-year sales were up 2 percent, with a total of 3,878 homes sold across the Charlotte region, according to the Canopy MLS monthly report…. [Read More]
Charlotte suburb nabs top spot
Twenty years ago, Weddington barely registered on Charlottean’s radar as a feasible place to live and commute into the city. The once remote patchwork of farm land and pasture has come a long way since then and is getting noticed. The suburb, which lies about 15 miles southeast of Charlotte, was just named the top… [Read More]
Oct. sales show positive trend for region
Pending sales in the Charlotte region were up nearly 26 percent in October, signifying buyers are not deterred from the Charlotte area’s continued low housing inventory. From September, pending sales under contract increased 2.5 percent. Closed sales also saw a nearly 11 percent from October 2018, with 4,284 home sold, according to the most recent… [Read More]
Got bungalows? Three places to start your search
Some people prefer new construction, and others prefer an older home with good bones and history. One of the most popular older home styles in the Queen City is the classic 1930s bungalow. Smaller in square footage but big on charm, these homes can be found throughout the surrounding Charlotte metro area and have a… [Read More]