How is the Current Real Estate Market? Here are 6 Graphs Demonstrating that the Market is STRONG [INFOGRAPHIC]

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Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

How is the Current Real Estate Market? Here are 6 Graphs Demonstrating that the Market is STRONG [INFOGRAPHIC]

 

How is the real estate market in 2019?The latest conjecture from our news media seems to have started a bit of  'alarm' in a lot of real estate markets across the country. Buyers who were anxiously awaiting the perfect home to hit the market are hedging a bit, primarily in fear of what the real estate market will do. Are we headed towards the dreaded 'R' in our nation? As you've probably noted in the last several articles I've shared here as I review every aspect of the data, the news is truly only conjecture.

 

Are we headed for a correction or a recession? Of course, we always are - they are a fact of any economy! They are vastly different when they do occur and the 'cause' is as well. The problem with lumping all financials into one theory is that they don't go hand-in-hand in every single recession. 

 

For example, let’s compare the dot-com recession of 2000 with The Great Recession of 2008. Home values fell 19.7% during the 2008 recession, which happened to be caused by a mortgage meltdown. However, during the dot-com crash/recession in 2000, stock prices fell almost 25% but, home values appreciated 6.6%

 

 

Now, how is the current real estate market? Let’s take a look at the infographic of 6 Graphs demonstrating that the market is STRONG:

 

Home value appreciation

*Thanks to KCM for providing the above graphic.

 

Bottom Line in Charlotte Real Estate

 

 

  • Staying abreast of the current housing market conditions is one of the best ways to make educated and confident decisions when it comes to buying or selling a home.
  • With mortgage rates remaining near historic lows and houses selling in a national average of only 29 days, two key components in real estate sales are healthy and continue driving the strength of today’s market.
  • While national data is shown above, it is imperative that you have a full understanding of your local market so you are fully informed when you’re ready to make your next move.
  • If you’re thinking of making a move soon, let’s talk. I live and breathe our local real estate market and am only a phone call or text away! I can be reached at (704) 491-3310.

 

READ MORE about our current state of the real estate market in Charlotte

Keep Calm – The Sky is Not Falling! This Is NOT 2008

Keep Calm and Don’t Be a Chicken Little

Home Sales Expected to Continue Increasing In 2020

What Is the Probability That Home Values Will Sink?

 


Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | How is the Current Real Estate Market? Here are 6 Graphs Demonstrating that the Market is STRONG [INFOGRAPHIC]

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Rainmaker
2,948,106
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Debe.

If you tell a lie log enough, it will become reality.  Good new is, most people an see through it.

Sep 15, 2019 01:34 AM #1
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Debe Maxwell, CRS consistent repetition of bad news is called brainwashing....as James said, if you hear it enough, you'll believe it.... 

Sep 15, 2019 03:49 AM #2
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Staying informed about your current local market is a bonus for both buyers and sellers. They are going to like to learn about your Real Estate market Debe as you give it to them straight!

Sep 15, 2019 05:36 AM #3
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Debe,  Great information and hope more buyers and sellers see this great blog.  

Sep 15, 2019 07:32 AM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debe I love the charts, thank you for sharing them with us.

Sep 15, 2019 04:01 PM #5
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