Charlotte’s Hot Housing Market Likely Won’t Cool in Winter

Charlotte NC Real Estate Market Reports

Charlotte’s Hot Housing Market Likely Won’t Cool in Winter While winter is typically a slow season in the Charlotte housing market, economists predict winter 2020 is likely to be atypical. Lawrence Yun, chief economist of the National Association of REALTORS®, says “It will be one of the best winter sales years ever.” Low inventory levels combined with high demand due to historically low mortgage rates, is sending buyers to the market in a large numbers. Many home buyers are looking to upsize their homes as they work from home as well as having their children attending school from … Continue reading...

Low Inventory Continues in Charlotte but, Easing Q2 2019

Low Inventory Continues in Charlotte but, Easing Q2 2019 In March, 2010, Charlotte marked historically high inventory levels (13.9 month supply) and as the recession eased, inventory levels fell into a strong sellers’ market. Since 2015, Charlotte housing inventory has been less than a 3-month supply. In August, 2018, we were at an all-time low with a 2-month supply and in some parts of Charlotte, even lower than that.  This painfully low inventory level has been driving up competition (and prices) for real estate in markets all across the country as well. But it looks like 2019 … Continue reading...

Going with the Devil You Know – Is 2019 the Time to Sell Your Charlotte Home?

Decisions regarding real estate

It’s better to go with the devil you know, than the devil you don’t. With 2020 being an election year, uncertainty will likely fill the minds of real estate investors (including individual home buyers). It typically does and then rebounds the second half of the following year. So, 2020 and 2021 may very well be weaker markets than 2019.  Home price growth slowed a bit in the second half this year, with fewer buyers entering the market. Analysts and those with their fingers on the pulse of the real estate market believe the cause is two-fold - 1. partially due to … Continue reading...