Saturday, October 5, 2019 / by Nancy Braun
The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1
However, if you follow national news, you’ve probably heard speculation that we could be headed toward a recession. Global trade tensions and a slow down in the GDP growth rate have sparked volatility in the stock market, leading to economic uncertainty.
Given these differing signals, you may be wondering: How has the U.S. housing market been impacted? Where is it headed? And more importantly … what does it mean for me?
MORTGAGE RATES ARE NEAR HISTORIC LOWS
In August, Freddie Mac reported that the average 30-year fixed mortgage rate hit its lowest level since November 2016, falling to 3.6%, down a full percentage point from a year earlier.2 Variable mortgage rates also fell when the Federal Reserve cut interest rates at t ...
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 ...
Monday, July 16, 2018 / by Nancy Braun
Avoid These Top 8 Home Inspection Mistakes When Buying Your Charlotte Home
It’s easy to get swept up in the excitement of buying a home. Once you’ve had an offer accepted on your dream house, you’ll probably be anxious to move in. However, before you make a significant financial commitment, it’s best to know exactly what you’re buying.
When you hire a home inspector, you get a professional, in-depth examination of the property’s structures and systems. It’s a worthwhile investment that can save you money in the long run, either by warning you away from a bad purchase or by providing a list of deficiencies you can use to negotiate with the sellers.
The inspector’s report will also list minor repairs that, if made, will help to maintain your home over the long term. Additionally, a good inspector can often predict the standard life expectancy of your roof, HVAC, and other big-ticket items so you can start planning for their eventu ...
Tuesday, May 30, 2017 / by Marketing Team
Buying a Luxury Home In Charlotte? Here are some neighborhoods and features to consider when searching for a fine home for sale.
The U.S. real estate market in the south has a lot to offer buyers right now. So if you’ve been waiting to become a move-up buyer or first-time homeowner, this season remains the best time to buy a luxury home in Charlotte, NC! And since no two luxury homes are alike, here’s a look at some of the hottest trends for you to consider when buying or building a luxury home in Charlotte:
The average luxury home ranges from 5,000 – 7,000 square feet; and many of these homes are single level, rather than multi-story because of the ability to add in vaulted ceilings, an open floor plan, and a sunporch or deck for entertaining, to make for a truly elegant living space with customized features in every room.
Many luxury homes for sale in Charlotte feature as many as 5-car garages for your priz ...