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Charlotte Real Estate Good News/Bad News/Better News for 2018

 
It’s irresistible: peering into the new year, trying to guess what the Charlotte real estate landscape will look like in the coming 365 days. At the close of an outstanding 2017, although it’s always a little foolish to assume too much about details in a world that changes as rapidly as ours does, I think there are some more-probable-than-not real estate good news/bad news scenarios likely to come our way:
GOOD NEWS:
         New-home sales increased an astounding 17.5% in November, creating “the exact kind of new-home sales numbers the market has been desperate for” according to Economist Aaron Terrazas. Builders report that they are selling homes before they even start building them, while (per the Wall Street Journal) “The housing market is showing strength across the board.”          For Charlotte homeowners looking to sell in 2018, it’s common knowledge that the housing supply has been in seriously short supply for a long time. One result is, as website Trulia says, “homes are being snapped up at the fastest clip” since they started keeping records.          If claims for the tax overhaul signed into law last week prove justified, a majority of wage earners should see fatter paychecks as early as this ... more

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