If you’ve been following the news lately, you’ve probably seen that interest rates are up... quite a bit, in fact. The cost of a mortgage now is about 55% higher than one year ago. And the volatility in the rates is not likely to change soon. That means getting the best rate possible is more important than ever. Even a slight difference can save you tens of thousands over the life of your loan.
Although mortgages are more expensive it's not time to panic! It’s still possible to secure a good mortgage interest … (34 comments)
Both home prices and interest rates are projected to increase throughout 2022. Spring 2022 is a great time to find a new home in the Greater Charlotte area to lock in your housing costs for years to come, as well as to build equity and family wealth.
Did you know that the average homeowner gained $55,300 in equity over the past year? Year-to-date as of February 2022, average home prices in the Charlotte region increased 17.6%. Why delay building some equity for … (38 comments)
advice for home buyers: Buying Or Selling A Home? What Happens If The Appraisal Comes In Low?
- 07/23/21 04:39 AM
WHAT YOU NEED TO KNOW IN TODAY'S MARKET IF YOUR HOME PURCHASE OR SALE DOES NOT APPRAISE You may have heard that there’s a shortage of available homes on the market. This shortage of homes has sparked bidding wars amongst eager (and sometimes desperate) buyers who are looking for a place to live. These bidding wars have generated offers and contracts above the asking price for homes.
Charlotte Region has been seeing its fair share of bidding wars in 2021. As the graph below shows, the average percent of sale price to original listing price has been increasing steadily. In June 2021, … (36 comments)
Today is the first full day of Fall 2020. In Charlotte we can feel the fall season in the cooler air we've been enjoing the past few days. What's not cooled down in the Charlotte area is the Charlotte housing market, which is on fire as we move into fall. Let's connect to make sure you have the most current information that can make buying a home or selling a house a confident decision for your family.
Just as the housing market has seen big changes in the COVID-19 environment when it comes to how we can or can't show homes, meet with out clients, etc. we are also seeing changes in the mortgage markets as a result of COVID-19. Here's what I've been hearing from some of my best Charlotte area lenders -- 9 changes you need to be aware of as they might very well impact your ability to get a mortgage or close on a home on time.
Welcome to the September 2018 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this Newsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
Timely Articles of Interest For Home Owners, Buyer, … (20 comments)
Welcome to the August 2018 edition of the Carolinas Realty Partners' Housing Trends eNewsletter. The current edition of the Housing Trends eNewsletter provides updates on real estate trends in 150 metropolitan housing markets, including the Charlotte region.
In this Newsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
Timely Articles of Interest For Home Owners, Buyer, … (20 comments)
advice for home buyers: Buying A Home: An Emotional, Not Just Practical, Journey {Infographic}
- 05/01/18 12:31 PM
Buying A Home Is An Emotional Journey Buying a home is for many people the single largest financial investment decision they make in their lifetimes... no doubt making this decision is not just a "practical" one, but also an emotional decision. NewHomeSource has provided a terrific infographic (see below) outlining the steps involved in making the emotional and practical journey towards home ownership. And while this infographic focuses on steps involved in deciding on new construction, the reality is that these are the very same steps home buyers need to make if they are buying a resale home.
If you've been searching for a home … (44 comments)
In this Newsletter, you'll also find timely articles, tips, and advice for current and future homeowners. Whether you are looking to buy or sell, have recently moved, are staying put, or simply want to stay current with real estate trends in the Charlotte region and beyond, there's something for everyone in Carolinas Realty Partners' Housing Trends eNewsletter.
The February 2018 edition also features the following timely articles on: 3 … (17 comments)
Since real estate is local, if not hyperlocal, how did Charlotte, North Carolina's 2016 real estate market compare to national averages? Quite well, in fact:
Closed sales in Charlotte metro area increased 8.4% year-over-year as compared with +0.7% nationally. Inventory in the Charlotte metro area was down to 2.3 months (down 32.4%) as compared with the national average of 3.6 months (down 10.8%). Sale prices … (18 comments)
advice for home buyers: Should You Buy A Home Now? Will It Cost More To Wait? {Infographic}
- 07/16/16 10:58 PM
Lots of people seem to be asking the question ~ "Should I buy a home now or wait another year? And if I wait will it cost me more to buy?" What does the cost of waiting actually mean? The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.
What determines the cost of waiting to buy? If interest rates increase while you wait, you will pay more in monthly mortgage payments. If home prices rise while you wait, you will pay more … (85 comments)
CAN YOU LOWER YOUR MORTGAGE RATE?
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