If you have been hunting for a home within the past two years, you’re no stranger to the red-hot market conditions around the country and Charlotte has been no exception. Closing on a home these days is tough, but how tough is it? The combination of lower interest rates, shrinking inventory and the continued increase… [Read More]
Housing Shortage Could Take a Decade to Fix
Aspiring homeowners continue to be frustrated at the lack of supply and low demand. New reports suggest the declining price of lumber following a year of surging demand and prices could be short-lived. According to the National Association of Realtors, far too few homes have been built for the amount of people looking to purchase…. [Read More]
Existing-Home Sales Drift Down Slightly In May
Home sales fell for the fourth month in a row, but prices continue to rise– more evidence that there aren’t enough houses to go around. That’s according to data released last month by the National Association of Realtors. Of the 4 major U.S. regions, only the mid-west recorded a month-over-month increase. The other three regions… [Read More]
 Charlotte Real Estate Market Among Hottest in Nation
“I had not anticipated it being this difficult at all to find a house in Charlotte,†said Huck Broyles to WBTV Charlotte news. For nearly six months, Broyles and his fiancé Mary Helen have been looking for a home in the Queen City. “We submitted an offer and within a day they had come to… [Read More]
Charlotte #1 Destination for Millennials and Their Baby Boomer Parents
Millennials, today’s top home purchasers, have a significant influence on where baby boomers, the second largest group of buyers, choose to live. Retirement generally entails a full lifestyle transition, and many baby boomers are relying on their children and grandchildren to help them decide where to settle down next. According to a recent Zonda survey,… [Read More]
Lumber Shortage Sends Home Prices Soaring
As the housing market tightens, potential buyers are flocking to new construction in record numbers, but several factors are making those homes much more expensive than ever before. The first is a significant shift in the market’s composition because of the scarcity of existing properties. About one out of every four homes for sale is… [Read More]