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]
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]
New Home Sales Surge to Highest Level Since 2006
U.S. new-home sales have surged to its fastest pace since before the great recession despite the pandemic. Sales of new homes have increased by 4.8% the Census Bureau announced last week. The housing marked extended its winning streak as Americans continued taking advantage of record-low mortgages. Sales of new single-family homes exceeded an annual rate… [Read More]
National Existing-home Sales Climb Record 20.7% in June
U.S. existing-home sales rebounded at a record pace in June, boosted by historically low mortgage rates and showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic. This, according to the National Association of Realtors in a report released last month. Total existing-home sales, which include… [Read More]
Top Three Charlotte Neighborhoods of 2019
In a recent Redfin article, the annual hottest neighborhoods report breaks down the top neighborhoods to live in 2019 using a combination of agent insights and data. Common across all areas this year, buyers are looking for affordable living which is proving to be difficult in such a hot market. This year, the top neighborhoods… [Read More]