Buying a Home

Published on November 8th, 2013 | by Genevieve Williams


Charlotte Real Estate Market On The Rise

It is no secret that the Charlotte Real Estate market is on the rise, and logically so, being the 5th fastest growing city in the US. No one can predict the future, but data and trends are very helpful in recognizing patterns and anticipating results. Here are a few bits of info from Dr. Lawrence Yun, Chief Economist for the National Association of Realtors. These show how the market is evolving:

  • Major Charlotte HousingInventory Shortage (a 13-year low) – there are few homes for sale

Screen Shot 2013-11-01 at 8.45.02 AM

  • New Construction Inventory is at a 30 year low, largely due to the 2008 Economic Crisis
  • Because of the inventory shortage, prices are rising – a basic supply/demand concept

Screen Shot 2013-11-01 at 8.47.22 AM

  • Though home prices are rising, income is not. This means lending will pay a bigger role in Real Estate Transactions and there are a rising number of renters.

Screen Shot 2013-11-05 at 3.21.49 PM

  • The Economist Board estimates a 5% price rise in 2014

What this means for you –

If you’re thinking of selling, now is the time. If you’re thinking of buying, do so before interest rates push you out of the market or there are no homes left that fit your criteria. Contact metoday to learn the best approach to today’s market.

About the Author

For my clients, the best thing I can give them is my undivided attention as well as trying to make the process as smooth as possible for them. Their wishes, wants, and needs are the most important part of the real estate process and my job is to listen, but to also make it fun and enjoyable for them. Buying, selling or investing in a home can be hard. I enjoy guiding my clients through the process, being the expert they need and answering all of the questions they have.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑