Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low at 0.4% in August 2023. This was the third consecutive month of declines in foreclosure sales as a percentage of total sales in Greater Charlotte (July: 0.5%; June: 0.6%). In August 2023, the Greater Charlotte region had a total of 15 foreclosure sales and four short sales versus 3,858 traditional sales.
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 0.4% in 2022. From 2021 to 2022 there was no change in the sale of lender-mediated properties. Compared with 2020, the number of distressed property sales was half that in 2021 and 2022 and two-thirds lower than in 2018. In February 2023, the percentage of distressed property sales dropped month-over-month by 0.6% to 0.3% of total sales. Year-over-year, distressed property sales … (18 comments)
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low (0.3%) as of January 2022. That's 50% lower than at the start of 2021!
If you've been searching for a distressed property "bargain" in the Greater Charlotte area and are having a hard time finding one, here's why:
Foreclosure sales were down 63.2% in January 2022 versus January 2021. Charlotte region saw 7 foreclosure sales closed in January 2022 versus 19 in the same … (42 comments)
Having trouble finding a foreclosure or short sale home to purchase in the Charlotte area? Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 0.9% of total sales in April 2020.
Why Foreclosure Bargains Are Almost Impossible To Find In The Charlotte Region:
Foreclosure sales were up by just one sale in April 2020 compared with April 2019. Just 30 … (28 comments)
Having trouble finding a foreclosure or short sale home to purchase in the Charlotte area and thinking the Luck of the Irish has abandoned you? You'll be glad to know it's nothing to do with the luck of the Irish. Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1% of total sales in February 2019, down from 2% in February 2018. As a percentage of closed sales for the past 12 months, it's even lower at 0.8%.
Why Foreclosure … (22 comments)
foreclosure trends in charlotte: No Luck Finding A Charlotte Foreclosure Or Short Sale? Here's Why...
- 04/15/18 08:44 AM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1.3% of total sales in March 2018, down from 2% in February 2018 and down 0.5% compared with March 2017. Closed lender mediated sales for the 12 month period ending March 2018 were just 1.6% of total Charlotte region home sales.
If you've been searching for a distressed property bargain in the Charlotte metro area and not finding one, here's why:
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low (2.1%) in April 2017. And that's .8% lower than at the start of 2017!
If you've been searching for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
Foreclosure sales were down 20.6% in April 2017 versus April 2016 … (32 comments)
foreclosure trends in charlotte: Home Foreclosure Rates Drop To New Lows {Infographic)
- 06/16/16 11:36 PM
If you've been shopping for a bargain in a foreclosure home and having a hard time finding one, here's why: foreclosure rates have dropped to a new post-housing crisis low and we are in the 54th consecutive month with year-over-year declines.
Clearly, this is great news for home owners and the housing industry. But for buyers who still think they can find a great foreclosure bargain, not so much.
HOW DOES THE CHARLOTTE, NC REGION COMPARE? The story is pretty much the same in the Charlotte, North Carolina region where in May 2016 foreclosure sales were down 12.6% compared with the same month the … (24 comments)
foreclosure trends in charlotte: Foreclosures -- Are They Up? Are They Down? More Coming? [Infographic]
- 05/19/16 02:29 AM
Earlier this week I wrote about how in the Charlotte, North Carolina region, foreclosures and short sales represent just 2.7% of a very active housing market and that this 2.7% is half what it was just one year ago. But what's happening around the country, state by state? Are foreclosures up? Are foreclosures down? Are more foreclosures coming down the pike?
Check out the infographic below showing foreclosure inventory for each state in the nation. Across the USA, as a whole, foreclosure inventory is down an average 23.2% and only one state (North Dakota) showed an increase in foreclosure invetory, as reported in CoreLogic's National … (39 comments)
foreclosure trends in charlotte: Foreclosure & Short Sales At Lowest Levels In Charlotte Region
- 05/15/16 09:37 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low (2.7%) in April 2016. If you've been looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
Foreclosure sales were down 49.6% in April 2016 versus April 2015 … (24 comments)
foreclosure trends in charlotte: Foreclosure & Short Sales Homes Remain In Short Supply in Charlotte
- 12/19/15 11:57 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low (below 4%) in November 2015. If you've been looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
Foreclosure sales were down 30.4% in November 2015 versus November 2014 Short sales were down 45.8% in November 2015 versus November 2014 Foreclosure and short sales accounted for only 3.9% of total Charlotte region home sales in November 2015, down from 6.0% in November 2014. So one reason it's hard to find that "bargain" is because there … (20 comments)
foreclosure trends in charlotte: Foreclosures & Short Sales Continue Falling In Charlotte, NC Region
- 09/09/15 11:58 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall. If you're looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why: Foreclosure sales were down 32.1% in August 2015 versus August 2014 Short sales were down 18.0% in August 2015 versus August 2014 Compare this with an increase of 8.2% of non-distressed property sales. Foreclosure and short sales accounted for only 3.5% of total Charlotte region home sales in August 2015, down from 5.1% in August 2014 and down … (18 comments)
foreclosure trends in charlotte: Foreclosure & Short Sales Continue Falling In The Charlotte, NC Region
- 08/07/15 10:52 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall. If you're looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why: Foreclosure sales were down 10.8% in July 2015 versus July 2014 Short sales were down 31.0% in July 2015 versus July 2014 Compare this with an increase of 19% of non-distressed property sales. Foreclosure and short sales accounted for only 3.9% of total Charlotte region home sales in July 2015. So one reason it's hard to find that … (40 comments)
foreclosure trends in charlotte: Foreclosure & Short Sales Continue Falling In Charlotte, NC Region
- 07/18/15 07:04 AM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall. If you're looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why: Foreclosure sales were down 26.4% in June 2015 versus June 2014 Short sales were down 41.1% in June 2015 versus June 2014 Compare this with an increase of 18% of non-distressed property sales. Foreclosure and short sales accounted for only 3.9% of total Charlotte region home sales in June 2015. So one reason it's hard to find that … (14 comments)
foreclosure trends in charlotte: Foreclosure & Short Sales Continue Falling In Charlotte, NC Region
- 05/08/15 12:51 AM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall. If you've been looking for a distressed property bargain in the Charlotte metro area and have had a hard time finding one, here's why: Foreclosure sales were down 14.5% in April 2015 Short sales were down 36.7% in April 2015 Compare this with an increase of 17.1% of non-distressed property sales. Foreclosure and short sales accounted for less than 5.5% of total Charlotte region home sales in April 2015. So one reason it's hard to find that "bargain" is because there … (6 comments)
foreclosure trends in charlotte: Why Is It So Hard To Find A Great Foreclosure "Deal" In Charlotte?
- 02/23/15 12:47 AM
Why is it so hard to find a great foreclosure "deal" in Charlotte? Asking this question reminds me of the old Peter, Paul, and Mary song "Where Have All The Flowers Gone?" That's the operative question for the Charlotte, North Carolina metro market -- where have all the foreclosures gone and why can't I find a good deal?
From the chart below, you can see that nationally, the percentage of distressed property sales has dropped in the past three years from 35% to 11%. The inventory simply isn't there. And keep in mind that real estate is all about supply and demand, … (6 comments)
foreclosure trends in charlotte: How Do North And South Carolina Stack Up In Foreclosure Inventory?
- 02/11/15 12:35 AM
North and South Carolina compared quite well against the national rate of foreclosed homes of 1.4%, especially North Carolina, where the rate of 0.8% is almost half that of the national average. Home buyers in our market who have been trying--without much success--to find foreclosure bargains in the Charlotte region will continue to be frustrated in their attempts to find that great "deal." To put it bluntly--"that ship has sailed."
From Keeping Current Matters comes the following graphic, based on the latest CoreLogic National Foreclosure Report, showing the foreclosure inventory state by state. And, of course, the good news is that not … (14 comments)
I'm still getting lots of requests from prospective home buyers in the Charlotte region for a "great foreclosure deal." If you've been waiting on that great foreclosure deal in the Charlotte area, it would appear you'll be waiting for a while, as I've been saying for over a year now. This week, Corelogic reported that completed foreclosures during the month of May 2014 were down by some 9.4% nationally versus May 2013. They also reported that approximately 660,000 homes were in some stage of foreclosure in May 2014. That's a staggering reduction … (2 comments)
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