This lack of inventory is the most critical aspect of the Charlotte market right now, as it has been for the last several years -- namely, the shortage of homes for buyers to purchase. Availability of affordable homes is really at critical shortage. The supply of homes, or rather lack thereof, is driving Charlotte area home prices up and the housing affordability index down as demand continues to (33 comments)
Charlotte Region Continues To Rank As A Top Place To Live
Have you been thinking about moving to the Charlotte, North Carolina region in 2021? Did you know that numerous recent surveys rank the Charlotte Region as a top place to live in/move to and as one of the USA's hottest housing market? These include:
Curbed.com: ranking Charlotte as one of the top 10 cities to move to, referring to the Queen City as a "millenial boomtown." Livability.com: ranking Charlotte #13 of the best 100 places to live. Livability.com also ranks Charlotte a top 5 city attracting millennials. Zillow.com: ranking Charlotte one (23 comments)
The Greater Charlotte area ranks #3 as one of the 10 hottest housing markets positioned for growth in 2021 according to Realtor.com's Top Housing Markets Report for 2021, released December 7th.
Realtor.com predicts a year-over-year sales growth for the Greater Charlotte market of 13.8% in the coming year and a price growth of 5.8% year-over-year. According to Realtor.com, "home buyers, particularly first-time buyers, looking in one of these markets should expect rising prices and heavy competition. Meanwhile, sellers will remain in a position of power, but will find themselves (40 comments)