There were nearly half the amount of homes for sale at the end of February in comparison to a year earlier. The inventory of homes for sale in February decreased by 48.6% over the past year, a higher rate of decline compared to the 42.6% drop in January. This amounted to 496,000 fewer homes for… [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]
Queen City Ranks Third in Top Housing Markets for 2021
Charlotte is expected to have a top-performing housing market next year. Chief Economist, George Ratiu of Realtor.com ranked Charlotte number three in the top 10 housing market for residential real estate in 2021. Charlotte’s year-over-year growth in home sales in 2021 is anticipated to be 13.8% with prices forecasted to grow 5.2% over the year…. [Read More]
Senior and Affordable Housing Coming to Charlotte
Hundreds of apartments are coming to Charlotte after City Council approves nearly two dozen rezoning petitions at its meeting on Monday evening. Many units will include affordable and senior housing. The council approved a total of 24 developments. There are changes in the works for Brookhill Village. The property has attracted much interest over the… [Read More]
Home Prices Rise Despite Economic Unease
The start of 2020 has been a tough year for businesses and the stock market. But unlike the 2007-2008 recession, housing prices in the U.S. and Charlotte specifically, have remained strong. House prices in the U.S. rose 5.4 percent from the second quarter of 2019 to the second quarter of 2020. This according to the… [Read More]
Charlotte Tops List for Homebuyers Seeking Affordability And Growing Salaries
Thanks to the low cost of new home construction, Charlotte is in a prime position to attract new home buyers for the next decade and years to come. That’s according to an article by Redfin. Charlotte is among four smaller metros that include Spokane, Las Vegas, and Orlando which were all highlighted in the article…. [Read More]