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

By
Real Estate Broker/Owner with One Home Team Realty/Charlotte,NC 704-293-3931 246546

Real Estate Pediction

 

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 February. If consumers react accordingly, Charlotte real estate is likely to see positive collateral fallout. When consumers build confidence about their own financial futures, Charlotte real estate activity usually benefits.

BAD NEWS:

  •          When real estate affordability measures are positive, potential buyers find they can comfortably acquire the home of their dreams without breaking the family budget. But as mortgage interest rates rise as is widely expected, they are likely to find less wiggle room.  

BETTER NEWS:

  •          Those interest rates may well rise throughout 2018—but as the year begins, they are still incredibly low by historical standards. In other words, Charlotte real estate’s buyers still have a window to make deals that should look extraordinarily shrewd in years to come.
  •          The National Association of Realtors®’ “Game Changer Number One” prediction for the coming year is “Supply finally catching up with demand.” They forecast that the tight housing inventory situation will continue for the first half of the year, but finally “ease up in the second half of 2018.”. When you think about it, that’s an extremely unusual prescription—one that’s encouraging for both buyers and sellers!

If the coming year does turn out to be even brighter for Charlotte real estate, at least in that respect, next January should find Charlotten’s populace in truly good spirits. For now, here’s wishing you and yours good health, good company—and a most Happy New Year!

Posted by

Wayne Bennett - Broker Owner / Realtor ® GRI, ABR, e-PRO, SFR, CDPE

Licensed in NC & SC

One Home Team Realty

O: 704.218.2064

C: 704.293.3931

F: 704.749.2030

 

http://www.CharlotteNCAreaHomeSearch.com

http://www.CharlottePropertySource.com

 

                  

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
North Carolina Mecklenburg County
Tags:
national association of realtors
trulia
charlotte real estate
wall street journal
charlotte homeowners

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
2,580,501
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thanks for sharing this information....  I hope you had a wonderful holiday!

Dec 26, 2017 07:32 AM #1
Rainmaker
275,277
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Hi Wayne Bennett 

Great information in your Market Report for Charlotte.

Best Wishes for a Wonderful 2018

Brad

Dec 26, 2017 07:36 AM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
183,667

Wayne Bennett

Real Estate...As It Should Be
Ask me a question
*
*
*
*
Spam prevention