“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]
One Year Later: How the Pandemic Impacted the U.S. Housing Market
It was one year ago this month that the World Health Organization declared Covid-19 a pandemic. Coronavirus has upended nearly every aspect of our daily lives, including where we live and where we work. For many people, both are now in the same location. It’s been no different for buying and selling homes across the… [Read More]
2020 Housing Market Gains More Value Than Any Year in Past 15 Years
The U.S. Housing Market shows no sign of slowing down after a record-setting year. According to a new Zillow analysis, the housing market gained about $2.5 trillion in value last year. It was the most in any single year since 2005. The full stock of the market is now worth $36.2 trillion. Demand for housing… [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]
National Existing-home Sales Climb Record 20.7% in June
U.S. existing-home sales rebounded at a record pace in June, boosted by historically low mortgage rates and showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic. This, according to the National Association of Realtors in a report released last month. Total existing-home sales, which include… [Read More]