Monday, January 7, 2019 / by Nancy Braun
As we begin another year, everyone wants to know: “Where is the Carolinas housing market headed in 2019?”
It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting conditions could impact you if you plan to buy, sell, or refinance this year.
HOME VALUES WILL INCREASE
The value of real estate will continue to rise. Freddie Mac predicts housing prices will increase by 4.3 percent in 2019.1 While the rapid price appreciation we witnessed earlier in the decade has slowed, the combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push prices higher.
"Ninety percent of markets are experiencing price gains while very few are experiencing consistent price declines," according to National As ...
Saturday, November 3, 2018 / by Nancy Braun
While no one can predict the future with certainty, most experts expect to see modest growth in the U.S. housing market for the remainder of this year and next. Inventory will remain tight, mortgage rates will continue to creep up, and affordability will remain a major issue in many parts of the country.
So what does that mean for home buyers and sellers? To answer that question, we take a closer look at some of the top indicators.
CONTINUED GROWTH IN HOUSING MARKET
There’s good news for homebuyers! In many markets across the country, prices have begun to stabilize after a period of rapid appreciation. Nationwide, home sales experienced a slight decline of 1.6 percent in the second quarter, primarily due to higher mortgage rates and housing prices combined with limited inventory.
However, buyers who have been waiting on the sidelines in anticipation of a big price drop may be disappointed. Demand remains strong across the sector and prices continue to rise. T ...
Tuesday, January 9, 2018 / by Nancy Braun
What the 2018 Real Estate Market Outlook Means For You
As we head into a new year, the most common question we receive is, “What’s the outlook for real estate in 2018?”
It’s not just potential buyers and sellers who are curious; homeowners also want reassurance their home’s value is going up. The good news is that a strong U.S. economy, coupled with low unemployment rates, is expected to drive continued real estate growth in 2018. However, changes on the horizon could significantly impact you if you plan to buy, sell or refinance this year.
HOME VALUES WILL CONTINUE TO RISE
Get ready for another strong year! U.S. home values and sales volume will continue to rise in 2018.
Experts agree that home prices will increase in 2018, but predict a slower rate of appreciation than 2017, which clocked in at nearly 7 percent nationwide. National Association of Realtors (NAR) Chief Economist Lawrence Yun predicts a growth rate ...
Saturday, November 25, 2017 / by Nancy Braun
If you are selling your North Carolina home, it helps remembering that homebuyers are able to browse listings online from virtually anywhere. Not only will you attract local residents seeking to buy a home, but also those who are moving to the South for the first time. In either case, your focus must be on making your home for sale one that buyers don’t want to live without.
Thanks to television programs and DIY tips for on home decorating, renovation, and trends, potential homebuyers often have several “wish list” items they would like when shopping for a new home. As they look through listings, they will find those that match their “must haves,” and sometimes their “should haves,” while other buyers may be “all-or-nothing” when it comes to finding what is essential to their needs.
Here are the top 8 features in a home for sale that buyers are looking for right now:
1. Smart home technology. T ...
Friday, July 28, 2017 / by Marketing Team
Charlotte and US Home Sales Are Slowing As Inventory Drops
Home sales across the U.S. have now dropped to a low 4.3 month supply, according to the latest report from Freddie Mac. However, year-over-year still shows the pace up 0.7%, for a total of 5.52 million annually. This means that while fewer houses are on the market than ever before, the demand still is high for buying and selling a home.
If you live in or are moving to North Carolina, here’s what you need to know about North Carolina real estate:
Interest rates are really low at just 3.92%, even as home prices have gone up 6.5% year-over-year to a median price of $153,400 in North Carolina, and $185,800 in the city of Charlotte, both lower than the current national average of $263,800.
With the help of a real estate professional to stage your home, closing on a Charlotte home can be done in an average of 52 days.
WalletHub ranks Charlotte 88th in the real estate market, making it the 70th best ...