Is The Real Estate Market Heading For A Crash?

By
Real Estate Agent with Coldwell Banker Realty

 

It’s no secret that the real estate market is HOT right now. But is the real estate market becoming over-heated?

 

In our latest blog post, we answer the top questions we’re hearing from our clients these days, including:

 

  1. Are we facing a real estate bubble?

  2. Are some markets and sectors looking particularly weak?

  3. How has COVID affected the “seasonal” real estate market?

  4. How is the housing market different today from what we saw before the Great Recession sent it sideways?

 

Whether you’re a current homeowner concerned about your equity—or a buyer hoping to time the market to your advantage—we have answers to your biggest questions. You can find them here:

 

Is The Real Estate Market In Danger Of Crashing?

 

And if you want to know how these market dynamics could impact your plans to buy or sell a Greater Charlotte area home this year, give us a call at 704-779-0813 to schedule a free consultation. We’d love to help you navigate these unprecedented times.

 

 

Why This Spring Is A Great Time To Sell Your House: Video

 

 

If you've been thinking about selling your Greater Charlotte area home.  We can provide you with a free home equity valuation. What you don’t know can cost you time and money when it comes to selling your home. The best source of information is your real estate agent and we’ve put together a growing list of helpful resources about the home selling process. When you’re ready, call Nina Hollander at 704-779-0813 to discuss the market conditions in your neighborhood and how we can help sell your home. 

 

 

WONDERING WHAT YOUR GREATER CHARLOTTE AREA HOME IS WORTH?

(You might be surprised!)

 

What's Your Charlotte Area Home Worth This Spring?

 

 

Contact us if you'd like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

Note: If you don't see your subdivision or complex, or the data looks incomplete, it's because there weren't enough properties sold in a given year.

We're happy to provide an expert home value analysis with no obligation on your part.

 

 FREE  Home Seller Guide: "Things To Consider When Selling Your House"

 

 

Need Help With Home Renovations/Updates Before Listing Your Home For Sale?

 

ASK US ABOUT COLDWELL BANKER'S REALVITALIZE PROGRAM

 

RealVitalizeSM is an exclusive Coldwell Banker program that helps with improvements and repairs to prepare your home for sale. We cover upfront costs and get paid back when your home sells. No hidden fees, interest charges or markups.

 

RealVitalize Home Improvement Program By Coldwell Banker

 

 

THINKING OF SELLING YOUR HOME? CHECK OUT THE COLDWELL BANKER MARKETING ADVANTAGE 

 

 

We've been opening doors for Greater Charlotte area home sellers and buyers for over 20 years. If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

 "The Right Broker Makes All The Difference."

 

 

Great Homes In Charlotte

 

Posted by

 

 

 

 Nina Hollander, RE/MAX Broker, Realtor

 

 

 

 

 

 

 

Broker, Realtor, MBA, GRI, ABR, SRES, CDPE, SFR, SPS, CMRS
Carolinas Realty Partners with Coldwell Banker Realty
Direct: 704-779-0813
Website: www.GreatHomesInCharlotte.com
Blog: News You Can Use From The Greater Charlotte Area
Search For All Charlotte Area Homes: www.GreatHomesInCharlotte.com 

Charlotte Magazine 5-Star Customer Satisfaction Award Winner Since 2007

 

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, or financial advice.  For legal advice see an attorney.   For tax advice or financial advice see a tax attorney, certified public accountant, or other qualified professional.

 

Comments (31)

Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I hate to say this but I'm afraid that our Market is going to crash when inflation starts to show its ugly face Nina....

Apr 05, 2021 10:23 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Nina.

For those of us who have been doing this for awhile, we know a correction is in the future, the question is when?

Apr 06, 2021 12:21 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Myrl... the Fed has already signaled they are not in a frame of mind to significantly raise interest rates this year. I think they will tick up, but they'll still be in the the threes, which are still awesome by any historical standard.

Apr 06, 2021 03:55 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Paul... if inflation rears its ugly head (and I believe it will at some point), the markt will adjust. Will it crash... not so sure.

Apr 06, 2021 03:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, James... that is the key question...not if, but when will the market correct and what will the correction look like.

Apr 06, 2021 03:56 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Tuesday morning, Nina.

Take care, be safe and have a great day.

Apr 06, 2021 04:50 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think the market reacts to what the prognosticators get the people to believe whether it is true or not.  This causes people to react in a manner that they normally wouldn't and forces something that might truly not have happened, haha.

Apr 06, 2021 05:15 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Roy Kelley... thanks for popping by with the good wishes. Wishing you a lovely day, as well.

Apr 06, 2021 05:32 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Brian... personally, I'm not that convinced the market prognosticators have that much power... many were warning of a housing bubble almost one year ago and it still hasn't come to pass.

Apr 06, 2021 05:33 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Nina - I have been called a broken record(and a lot worse) by saying real buyers buy and real sellers sell.  Each and every day.  In all kinds of markets. 

 

Apr 06, 2021 06:18 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Michael... I suspect that those of us who've been in this business for a while can all be called broken records from time to time!

Apr 06, 2021 06:22 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Nina - I don't see it like the last time.  After all, banks are not giving away money like they were then.  This is more supply and demand.

Apr 06, 2021 06:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Grant... you are spot on. And homeowners also have much more equity in their homes than they did 10 years ago.

Apr 06, 2021 06:56 AM
Adam Feinberg
Elegran - Manhattan, NY
NYC Condo, Co-op, and Townhouse specialist

I am not seeing indications of a crash coming, but for much of the nation it does sound a bit frothy.  The boom has been relatively short in duration, but I could see things slowing off the extremes. I wouldn't even call it a correction. I also see inflation coming in the years ahead...nothing like the early 80's mind you, but I do see some inflation ahead. I think the Federal Reserve is ok with a little inflation (I agree)- just as long as we aren't looking at a return to the early 80's.

Apr 21, 2021 01:59 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Adam... always love to hear from a fellow New Yorker. I was raised in NYC and was a broker with Halstead Property for almost six years before we moved to Charlotte in 1998. Love your expression "frothy." And I agree with your perspective. The only "crash" I would see coming is no sales because there's no inventory... and ours here in the Carolinas is on life support.

Apr 22, 2021 03:50 AM
Adam Feinberg

The Halstead name was absorbed over the last year and is now renamed with the parent company name Brown Harris Stevens. When I was still new in the business (but ironically far greater knowledge than most agents because I was President of my condo association in a troubled building that I turned around) - my 2nd deal ever was with Halstead and they were aggressively recruiting me. They thought I was in the business 10+ years, not realizing I had only been doing it for less than a year at that point.


Frothy is a common Wall Street term - which was my 1st career- nearly 17 years. In the summer of 2006, I predicted that we would see a crash unlike anything in our generation in the summer of 2008 (I was pretty close) due to the mortgage market. In 2008/2009- houses were being bulldozed and few builders were moving forward - and I predicted there would be long term consequences of this pattern- setting the stage for an eventual housing shortage unless development went into fast forward at some point.  My calls were common sense, which took a vacation in each of these periods. 


At least I am at a firm where I feel at home. Our CEO ran a hedge fund, my director worked at an investment bank, and we have other former bankers turned real estate agents. I am not hearing anyone in our firm calling for a crash in the national scene (especially since our clients are coming from everywhere in the nation) but we are discussing a slow-down because of inventory shortages. 

Apr 22, 2021 07:12 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Markets go up and markets go down - the question is how fast it comes down! We can't sustain this hot market forever - but when it comes down, it will go up again.  

Apr 23, 2021 07:26 AM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Nina,

The market is always heading for a crash. We just do not know the timeframe. Could be 20 years from now. There would be a lot of living to be done in the house you buy today until that happens.

Apr 23, 2021 07:37 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Adam... I knew that Halstead had merged with Brown Harris as my former partner at Halstead is still with them. It was a great firm to work in when I was there in the early to mid-1990's. Clark was a great guy and Diane Ramirez, the best. I spend almost 20 years in corporate finance (on the corporate side) but never came across that expression "frothy." Maybe it came about after I retired from the corporate world. In any event, sounds like you've found the perfect place to hand your hat in terms of brokerage.

Apr 23, 2021 08:09 AM
Adam Feinberg

I was in/around the trading desk for all those years. No matter what my role was (I am sort of Jack of All Trades but yet a specialist at the same time)- I was always affliated with the trading desk. I worked on trading floors at Investment Banks, assisted Hedge Funds, and even worked for an Exchange- so it explains the difference in language vs. Corporate Finance.

Apr 23, 2021 09:35 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Dorte... now you have a point, for sure! No one could argue that position!

Apr 23, 2021 08:10 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Lise... I suspect this hot market will continue until we have much more inventory that puts us into a more balanced market. And that's the operative question... when will that happen?

Apr 23, 2021 08:11 AM

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