For the tenth consecutive month, existing-home sales have dropped according to the National Association of Realtors. The data for Existing-Home Sales for November was released at the end of December. December’s report will be released at the end of January. All four regions in the U.S. saw month-over-month decreases. The four regions also recorded year-over-year… [Read More]
NAR Predicts Stable Prices in 2023
4.78 million existing homes will be sold, prices will remain stable and Atlanta will be the top market to watch in 2023 and beyond. All this according to forecasts by the National Association of Realtors. NAR’s Lawrence Yun, the National Association of Realtors chief economist and senior vice president of research, unveiled the predictions at… [Read More]
Home Values Could Increase in Mecklenburg County
North Carolina law requires all counties to conduct a property revaluation at least every eight years to determine its market value. These new values are being sent out by the county to all property owners now because Mecklenburg County has advanced its cycle for appraisers to conduct the valuation every four years. According to Assistant… [Read More]
New Report: Affordable Homes in Charlotte “Increasingly Difficult to Find”
A new report released this month by UNC Charlotte’s Childress Klein Center for Real Estate (CKCRE), the Charlotte housing market is showing signs of softening but it’s becoming difficult to find homes that are priced affordably. The “2022 State of Housing in Charlotte” report, says home buyers and renters in the eight-county region are entering… [Read More]
New Report Shows Good Signs for Homebuyers
According to the latest RE/MAX National Housing Report, home sellers accepted offers below their listing prices on average based on data from August. This is further indication of the housing market rebalancing which is a source of relief for prospective homebuyers who have faced an incredibly competitive market. Out of the report’s 51 metro areas,… [Read More]
Median U.S. Rent Surpasses $2,000 For First Time
The average monthly asking price for rent in the country surpassed $2,000 for the first time in May of this year. The record high is $2,002, a 15% year over year increase according to a recent study from Redfin. “More people are opting to live alone, and rising mortgage-interest rates are forcing would-be homebuyers to… [Read More]