Real Estate

  Millennials Continue to Be Fenced Out Of Homeownership Today's young adults continue to face delays in homeownership compared to past generations at the same age. Not only is the homeownership rate lower for those under 35 today compared to past generations, but the first-time buyer share is lower, and the age of first-time buyers is older than seen historically. When looking at the U.S....

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Sales On The Rise in Charlotte's Winter Months, But Not For Long. In October, lower mortgage rates led to a boost in home sales and pending contracts in the Charlotte region. Home sales rose by 4.4% and pending contracts increased by 4.8% from September, with year-over-year sales up by 1.7% and pending contracts up by 23.6%. This growth follows two months of declines and is largely attributed to reduced...

Real Estate For Unmarried Couples: The What & Why of Co-ownership Agreements Owning property is a common goal for many couples, as it can be both a strong financial asset and a significant part of your long-term plans and lifestyle. However, buying such a major asset comes with its share of risks—especially if the relationship ends unexpectedly. STORY TIME:I recently heard from a past client who...

Mortgage Rates High Ahead of the Election Homebuyers watched mortgage rates soar during the Federal Reserve’s two-year rate-hiking campaign to lower inflation. Many hoped for relief when the central bank finally began cutting interest rates in September. Yet mortgage rates have been volatile over the last two months. After initially dropping, they’re now surging back up again. Many factors are...

After weeks of steady declines, mortgage rates are finally within a range that brings the possibility of homeownership closer to reality for many hopefully buyers. Still, in the wake of the Federal Reserve’s jumbo-sized interest rate cut in September, many buyers are opting to remain on the sidelines in the hopes that further Fed cuts later this year will lead to more mortgage rate declines. However,...

Mortgage interest rates aren't perfect right now but they're certainly becoming a lot more favorable for borrowers. After surging to their highest level in more than 20 years in 2023, mortgage rates have since dropped by more than a full percentage point on average. In mid-September, they fell to their lowest level in more than two years. And that's before presumed additional rate cuts to come courtesy of...

After months of anticipation, the Federal Reserve cut interest rates on Wednesday by half a percentage point. It will have an impact on the housing market — but it's unlikely to make a huge difference for those struggling to afford a home.   Let's take a look: 1.Mortgage rates might not actually drop much right now Mortgage rates have been high recently, particularly in comparison to the historic...

It is still a sellers market in the Charlotte Market, but the supply of homes for sale here has been steadily rising in recent months, bolstered by a growing number of townhomes hitting the market. Why it matters: A more balanced supply will make for a less frenetic environment for folks looking to buy or sell a home. Housing supply also affects affordability. By the numbers: Thanks in part to lower...

No one likes jumping on a social media bandwagon more than NAR Research. So, by way of a recent meme, let's go! Looking at the data, let's focus on first-time buyers. First-time buyers have to be "demure and mindful" in many ways.   Finances: Housing affordability is a struggle, with current high home prices and elevated mortgage interest rates. In nearly half of metro areas, home buyers need a...