Real Estate

Home Prices Likely to Remain High Until 2026 - How Does This Impact Your R.E Plans? According to JP Morgan Chase, housing affordability won’t return to Charlotte until the second quarter of 2028, assuming no change in the mortgage rate, or by the fourth quarter of 2026, assuming a 1% drop in mortgage rates. In North Carolina, while the demand for housing is increased, new home growth is stagnant or...

While mortgage interest rates have risen from their all-time lows in recent years, the share of all cash buyers is growing. All cash home buyers have trended up significantly in recent months. In January 2024, all cash buyers now stand at 32% of home sales. The last time the share of all cash buyers was this high was June 2014. So, who are these home buyers? Data from the last six months of the...

North Carolina homes continued to sell at eye-popping prices last month. The median home sale price rose 3.9% year-over-year from $349,800 to $363,000. The number of homes listed on the market declined by 13.2% YoY from 47,494 to ~41,000 homes, with only 2 months of supply. Does the scarcity of houses make North Carolina a seller’s market? If you are a home buyer: You can avoid bidding wars and...

With interest rates backing off in the last few months more people are interested in buying a home in the Queen City. The buyers are still here. The number of people moving here continues to grow. It's still a very popular market since interest rates have started to come down....That also means demand could pick up sooner rather than later! There's a lot of buyers that would have waited until...

Charlotte will be one of the hottest housing markets in 2024, though we’ve slipped from the 2023 No. 1 spot and the 2022 No. 5 Spot, according to an annual Zillow report. What to Expect. Mortgage rates Are Here To Stay: Don’t expect any wild swings in rates. “We won’t be going back to 4%,” The Flow Of Sellers Is Likely To Pick Up: With rates not budging, homeowners who need to...

The key determinant impacting housing demand in these areas is the influx of additional buyers resulting from the decline in mortgage rates next year. Changes in mortgage rates have a direct impact on borrowing costs. Higher mortgage rates increase the cost, while lower mortgage rates help with affordability, giving individuals more financial flexibility. Specifically, the monthly...