Wednesday, June 30, 2021 / by Bella I.
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 Bella I.
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 ...
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 the end o ...
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 Association ...
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. The Case-Sh/ ...