A recent Bloomberg article about Home Depot’s success is relevant to the Charlotte residential real estate market in a number of ways. In fact, one might assert that, “As Home Depot goes, so goes real estate.” If sales at the home improvement behemoth are a barometer for the housing market, the outlook is certainly upbeat.
Mecklenburg County Surpasses 1 Million Mark
Mecklenburg County, North Carolina, formed November 6, 1762, is happy to boast that the numbers in the 2014 census reported that it officially became the state’s first county to surpass a population of one million residents. The new census data was released on March 26, 2015, and showed the county’s total population as 1.01 million,… [Read More]
Charlotte Real Estate Trends for February 2015
The end of the winter season is finally in sight. In terms of price appreciation, Charlotte’s residential real estate market continues its brief, seasonal hibernation. Median home prices continue to level off. For example, Trulia reports that the median selling price for a Charlotte home for the three-month period ending February 15 was $184,000. Although… [Read More]
Charlotte Real Estate Trends for January 2015
The first month of the new year begins with positive real estate news. Mortgage interest rates remain steady to slightly lower, and there’s good news from the FHA regarding mortgage insurance. Also, the selling prices of existing single-family homes continue to edge upward, especially when it comes to one-bedroom homes.
Year to Year Trends in Charlotte’s Real Estate Market
A final look at the 2014 residential real estate market in the Charlotte area yields a number of encouraging signs. For example, the Charlotte Regional Realtors Association reported that 36,191 homes were sold in the region during the year, and this represented a solid 4.8 percent increase over 2013.