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]
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]
New Study: Charlotte Homebuyers Overpaying by more than $100k
While homebuyers are still navigating record-high prices along with mortgage rates that are up over 5%, recent data released by the Florida Atlantic University (FAU) college of business notes that the average home in Charlotte is selling for about 55% more than its expected amount. If you’ve purchased a home in the Charlotte region recently,… [Read More]
Record bidding wars show no signs of slowing
January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,” said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.” Damato and her husband have been seriously hunting… [Read More]
Study: Charlotte Among Fastest-Growing Cities
A new study gathered by a commercial real estate blog analyzed census data between 2015 and 2019 and found the Queen City to be one of the fastest growing cities in the country. “I love Charlotte. I love the weather. I love the people,” Christina Baldauf told Fox 46 Charlotte. The news station found others… [Read More]