Wednesday, June 30, 2021 / by Client Care
Are We In A Housing Bubble?
Buyers are wary of purchasing a home in this market. They see multiple offer bidding wars and Prices going up and they don’t want to over pay. I, however, do not see the market going down. In fact, I see the housing market to continue to rise. Every day we learn of a new major company moving to Charlotte or our local companies expanding. Even today we learned that Centene, a health insurance Giant, will add 6,000 jobs to our market and invest $1B to bring its east coast regional headquarters here. Credit Karma will be adding 600 new jobs in Mecklenburg County with a new high -tech engineering hub. And there are so many more companies expanding or moving here. It is all about supply and demand. High demand will continue to drive up the prices. Which will support your home value and support your home purchase. Some very interesting stats are emerging from our Charlotte Metro market as we enter summer 2021.Sales are still crazy, and numbers are ...
Monday, June 14, 2021 / by Client Care
The Charlotte Metro Area's Market in April Was Incredible For Homeowners
Let's recap the March market.... As North Carolina continues to ease COVID-19 restrictions, April home sales — unhampered by the pandemic-induced lockdowns of last Spring, rose 25% year-over-year with 4,678 homes sold across the Charlotte region.
His time last year, residential home sales activity was interrupted and declined nearly 21% over-over-year as both buyers and sellers were sidelined during lockdowns.
So, homes under-contract that have not yet closed rose by 46% year-over-year and total 5,453, compared to only 3,727 in April of 2020.
CLICK HERE to watch my Market Update for May 2021 in which I cover:
A comparison year-over-year in the Charlotte Metro market since initial lockdowns
What Sellers are experienced in April 2021, and the trends we're noticing
Number of pending sales in our current market and their impact
How to get more money for your home
What you can do to se ...
Friday, June 4, 2021 / by Client Care
What’s Set Our Market on Fire?
I have a brand new Charlotte market Update to share as we begin 2021. The statistics from last December are jaw-dropping, and we’re approaching an important juncture in our market. I have a brand new Charlotte market Update to share as we begin 2021. The statistics from last December are jaw-dropping. The real kicker, though, is inventory: Our supply of resale homes is at a record low right now at 0.7 months of available inventory — down by a whopping 60%. Home prices are up by 13%, with a median sales price at $285,000 for single-family homes, and an average sales price of 13.6%. To find out what this means for you and learn all the latest important data from our market, watch my latest video. ...
Friday, June 4, 2021 / by Client Care
March Stats Show the Craziest Market, Ever! ??
Let's recap the March market.... there are massive increases in almost every aspect of the market right now, with records being broken across the board. Single-family home sales increased by over 30% over last year. Prices are through the roof, where we saw the Median Price rise by 12% to $305,000, and the average price rose by 18% to $370,706. Extremely low inventory is driving home prices up! The number of homes for sale on the open market is down by 70% from last year! We only have on a 0.6 month supply available vs last year where we had a 2 month supply. A healthy market stays between a 6 to 7 monthly inventory availability. Our market is that high in demand! Another crazy stat is the percentage of Sold to List Price... it is now over 100%!Here in Charlotte, we have low interest rates combined with the fact that people are flooding into our market because we're one of the top cities with work-from-home opp ...
Saturday, February 8, 2020 / by Nancy Braun
If you’re thinking of purchasing a home and would like to get a good deal, you may want to consider buying a Charlotte HUD home. HUD homes are homes owned by the U.S. Department of Housing and Urban Development, and they are usually offered for sale at affordable prices.
When buying a HUD home, there is no negotiation process. Unlike a regular home for sale on the market, there is no back and forth discussion with the seller. Instead, there is a bidding process, and the highest acceptable offer will be chosen.
Before you go bidding on a HUD home, let us first understand what a HUD home is, and why it offers a great deal.
What is a HUD Home?
HUD stands for the U.S. Department of Housing and Urban Development. A HUD home is a home that was acquired through an FHA-insured mortgage, but when the borrower failed to pay the mortgage, the property was foreclosed.
Since the FHA loan was insured by the government, if the borrower was unable to pay the mortgage, the FHA pays. ...