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]
Positive trends in September housing market
In an unusual turn for September, year-over-year home sales in the Charlotte region rose in September, and the strong seller’s market continues to prevail across the region despite challenging inventory levels. Sales were up 8.3 percent in September from year-ago figures, with a total of 4,612 sales closed in September, according to the most recent… [Read More]