Monthly Archives: January 2020
Charlotte residential real estate market takes off in the second half of 2019; we explain why
The number of Charlotte home sales increased 3.7% in the first 11 months of 2019 (or by nearly 700 closings) compared to 2018. The real story however was that the market gained strength in the second half of the year even as fewer homes for sale were added to the market. Home sales increased just... Read More
When do I list my home for sale? Most sellers make the mistake of waiting until after March 15 – why that’s a bad strategy:
How many times have you heard people talk about “the spring market” being the best time to sell a home? They aren’t wrong, because the most number of buyers active in the residential real estate market peaks in the spring. What most people don’t realize is that the process of buying a home is not... Read More
“OK, Boomer…” How Baby Boomers can help the real estate market (and themselves)
Charlotte ranks 55th in the country among the largest MSAs for housing affordability, but is among the top-10 in affordability improvement due to lower mortgage interest rates and income gains. More expensive to rent than to buy: The average cost to rent in CLT is $1,454 per month. The cost to purchase a home in... Read More
Charlotte Stories suggests local housing crisis in Charlotte is coming; why it won’t happen
An article in the Jan. 8 issue of Charlotte Stories suggested that Charlotte home values are “almost certainly approaching a peak…(and) after that happens…owners will rush to sell, precipitating a steep decline in a short span.” Ouch! The problem with the argument in the Charlotte Stories article is that it almost completely ignores the demand... Read More