As with any momentous decision, settling on when to sell your Charlotte house can take time—and even then, acting on the decision can be slowed by extraneous factors. Who doesn’t have local obligations to deal with and Charlotte friends and neighbors who’ll need to be reassured that your relationship isn’t going to be irredeemably severed? Acting on a decision to sell your Charlotte house can seem to be the real estate equivalent of moving an ocean liner with a single tugboat: very slow going. Even so, there are persuasive reasons why you might want to move the process along more quickly than (0 comments)
If a National Association of Realtors® expert is to be taken literally, there is one unlikely factor that could lessen the stress level associated with selling your Charlotte house. Just have some kids around. That may not sound logical—but weirdly enough, it really could make sense. The expert whose thoughts spawn this deduction is the home improvement specialist writing for the NAR’s magazine. Last week, Stephanie Booth observed that sometimes “raising kids actually makes your house cleaner” (Ms. Booth’s italics). I have to agree. If you have small kids, you’re already thoroughly familiar with the accompanying housekeeping side effects. Ms. Booth recalls her (0 comments)
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 (3 comments)
Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price. The chart below shows the four tiers and each one’s growth from July 2016 to July 2017 (the latest data available).
We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, creating the beginning of a buyer’s market. Last week, the National Association of Realtors released their Existing Home Sales Report which shed some additional light on the impact of inventory levels on sales in each price range. The chart below shows the year-over-year difference in sales at each price range.