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The Housing Bubble Discussion Again? 🏘

04/24/2021 by Debe Leave a Comment

The Housing Bubble Discussion Again? 🏘

I can’t tell you how often I am asked when I ‘think this bubble is going to burst.’ The ‘mockingbird media’ tends to believe that we are in the midst of a major bubble and that we are soon to be in a world of hurt! This is not about a ‘bubble,’ this is about simple economics, supply & demand.

When asked if today’s high buyer competition and rising home prices are evidence of a housing bubble, Lawrence Yun, Chief Economist at NAR, said “thisis not a bubble. It is simply lack of supply.” Today’s housing market is healthy and rising prices are driven by real buyer demand.

We currently have a record-low number of homes available to buyers. It is impossible to go from a ½ month supply (which we currently have here in the Charlotte Metro) to a 6-month supply (which is a neutral market – good for both buyers AND sellers) in 1-2 years. Our inventory will continue to be low for a considerable amount of time.

The total number of active listings (nationally) this month is down a record 54% from the same week a year ago, according to Realtor.com. In turn, that painfully low inventory has driven national housing prices up 17.2% over last year.
Almost half of homes now sell within one week of being listed. That is broadly across all price ranges as well.

For homebuyers, this can be disheartening; for sellers, celebratory. Hiring a real estate agent who can coach buyers to win at bidding wars is critical in today’s market. Speaking with a seller who just sold their home recently, they could have EASILY walked away with another $25K for the sale of their home. Hiring the right Realtor® is critical to your home selling super success!

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy and rising prices are driven by real buyer demand.

Let’s connect to talk about the best ways to navigate today’s energetic housing market. Call or text me at (704) 491-3310 or email me at SavvyBroker@me.com.

#NOhousingbubble #TheMaxwellHouseGroup #CharlotteHousingMarket #housinginventory #buyerdemand #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #realestategoals #realestatetipsoftheday #realestatetipsandadvice

Location, Location, Location in PRIME Dilworth’s Latta Pavilion!

03/19/2021 by Debe Leave a Comment

1320 Fillmore Avenue Unit #129
Charlotte NC 28203
MLS #3719445
2bd, 2.5ba, 1,363sqft
Offered @ $372,000

UNDER CONTRACT

Another Maxwell House Group – Re/Max Executive Listing is UNDER CONTRACT

Sorry you missed this lovely home! If you’re thinking of selling your home, visit www.ListMyCharlotteHome.com, call (704) 491-3310 or email CharlotteBroker@icloud.com for other available homes for sale in this area or give us a call and we’ll put you on our ‘hot list’ for instant notification when a home in this area comes available–as SOON as it comes on the market!

Open & bright with large windows that let the sunshine into this pristine condo in the heart of Dilworth. 1320 Fillmore is one of the most coveted condo addresses in the city. This well-appointed home offers access from the gated, secured parking deck or from Fillmore Avenue. Yes, this street-level condo is a hot commodity in one of Charlotte’s most walkable communities, surrounded by restaurants, bars, coffee shops grocers, boutiques and more; walkable to Atrium Health & Freedom Park. This lovely condo offers hardwoods throughout, open kitchen with stainless appliances, granite countertops, spacious pantry with raised seating bar that opens to the spacious living room. LR fireplace is flanked by tons of great shelving/storage. Upstairs owner’s suite has its own private bath & terrace. Spacious secondary bedroom & hall bath are also located upstairs. Fitness room & rooftop terrace with grill located in adjacent building, adjacent indoor lounge space & multiple courtyards & fountains.

View a Virtual Tour of this Wonderful Condo

Debe Maxwell, CRS, Realtor®/Broker
RE/MAX Executive
2901 Coltsgate Road, Suite 100
Charlotte, NC 28211
Mobile: (704) 491-3310

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©Debe Maxwell | RE/MAX Executive Real Estate | Location, Location, Location in PRIME Dilworth’s Latta Pavilion!

Why We Love Daylight Saving Time

03/14/2021 by Debe Leave a Comment

After a long day of outdoor activity and enjoying our gorgeous Carolina weather today, it’s time to reflect on the positive impact of Daylight Saving Time. Being given longer evenings works extremely well for me both personally AND professionally!

While setting the clocks forward one hour in the spring doesn’t ‘create’ more daylight, it does change the time the sun rises & sets. Personally, I love getting home from showings or listing consultations and having wonderful free time with my husband out on the patio…or this year, at the dock! Tonight was our first evening to have dinner at 6:30 and catch the 7:30 sunset over the water. #LifeIsGood

I tend garden and prefer to weed and gather the bounty just before preparing it for dinner. Standard time does not allow me to do that – it’s dark by the time I get home on most evenings. So, I am elated to grab a few things out of the garden, wash them and prepare them for dinner…then catch the sunset with my hubby!

Professionally, Daylight Saving Time is positively glorious! Standard time does not allow my corporate clients to leave their jobs in Uptown and head south to tour a home before dark. Because so many buyers these days demand wonderful backyard hardscaping, golf course or lake lots, they are unable to actually SEE the exterior during standard time. DST allows them to tour the complete property on their way home from the office and comfortably place an Offer on their next home, having seen it inside AND out.

One thing is for certain – I’m not showing homes at 6 or 7AM any time of the year so, you can understand my exuberance that we are now operating on DAYLIGHT SAVING TIME!! I won’t even go into the safety factor of showing homes at 6PM in the daylight…

Enjoy your spring and summer evenings – I know I am!

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SouthPark Open House CANCELLED This Weekend – SAT 2/27 – 1 – 3PM

02/27/2021 by Debe Leave a Comment

SouthPark Open House CANCELLED This Weekend – SAT 2/27 – 1 – 3PM

WE APOLOGIZE FOR ANY INCONVENIENCE but, our Open House for today, 2/27 from 1-3PM at 2710 Huntingtowne Farms Lane, Charlotte, NC 28210, has been cancelled. With multiple Offers in-hand, the sellers have opted to cancel this event today.

This stunning mid-century home is seeking a new owner to continue to care for this house as the current homeowners have. This one-of-a-kind modern home lets you commune with nature at every turn in the house. Large casement windows (and PLENTY of them) bring nature right into your home.

Watch our YouTube video tour below and then give us a call at (704) 609-2381 or (704) 606-1059 to set up an appointment for your private tour today before 6PM.

It’s an Unprecedented Sellers’ Market

02/26/2021 by Debe Leave a Comment

It’s an Unprecedented Sellers’ Market

I received an email this morning with an article about how sellers are ‘finally feeling comfortable selling again.’ I almost wrote back and asked what planet the sender was on! Our sellers have felt comfortable selling since mid-2012 and we’ve been in a strong sellers’ market since February, 2016.

If you don’t own your home (meaning outright or carrying a mortgage), the median sales price should be a wake-up call! Where else can you invest your money and garner a 13+% increase in value in 12 months – not years, MONTHS – ONE YEAR! That is unprecedented. If you do own, have you thought about adding investment property/properties to your portfolio?

Sellers are in the driver’s seat when they receive 3+ Offers in 2021. That doesn’t mean it’s not a great time to buy as well. When have you seen interest rates this low? For sellers, they are able to call the shots with multiple Offers in-hand.

Over the past year, buyer demand is soaring like it never has before – not even during the years of 2005-2007.
According to NAR, homes are selling twice as fast as they did in 2020 at this time, getting multiple Offers and exponentially increasing in value, putting homeowners squarely in the driver’s seat.
Thinking of selling your Charlotte area home this spring or summer? Let’s talk! Let me show you how to leverage your position as a seller in today’s market. Call me at (704) 491-3310 today.

Mid-Century tri-level home in the heart of SouthPark!

02/24/2021 by Debe Leave a Comment

2710 Huntingtowne Farms Lane
Charlotte NC 28210
MLS #3711993
4bd, 2ba, 1911sqft, .44 acres
SOLD

UNDER CONTRACT IN JUST 1 DAY

Another Maxwell House Group – Re/Max Executive Listing is UNDER CONTRACT

Sorry you missed this lovely home! If you’re thinking of selling your home, visit www.ListMyCharlotteHome.com, call (704) 491-3310 or email CharlotteBroker@icloud.com for other available homes for sale in this area or give us a call and we’ll put you on our ‘hot list’ for instant notification when a home in this area comes available–as SOON as it comes on the market!

One-of-a-kind, hip mid-century gem, in primo SouthPark location. You won’t want to miss this stunning, modern home that sits on nearly ½ acre, private lot – it even has it’s own stream running along the back of the property, a treehouse for the adults or the kids, two private side patios (one is screened) and an enormous circular deck with seating. The home is located within walking distance to the Little Sugar Creek Greenway and has easy access to everything Charlotte… NOW, let’s talk about the fabulously renovated interior – TONS of windows let the sunshine into this incredibly well-planned home that truly feels like you’re living among nature, right in the heart of the city. The great room has a vaulted ceiling, kitchen and baths have been renovated and those gleaming Brazilian cherry hardwoods are AMAZING! The home has new wood siding, new decking and a fresh coat of paint (inside and out)…and so much more!