Looking to Buy or Sell Charlotte Homes?  Economists have Good News for You!

For the last four to five years, the housing industry news has often been gloomy but, the tide is finally beginning to turn for buyers and sellers of Charlotte homes!  A recent survey of 100 economists points to modest gains in home prices starting in 2013.  Those gains are expected to continue through 2016!

Improving Real Estate Market

While some prices are still slated to drop in 2012, those losses will likely mark the bottom of the trough.  The tumultuous times in the real estate industry are, according to most economists, behind us.

Those tough times have left their mark, however. For instance, many former homeowners who have gone through foreclosure will find it difficult to return to homeownership for many years to come because of the impact on their credit. This could cause overall homeownership rates to fall.

Opportunities for Buyers and Sellers

If you have been sitting on the sidelines, just waiting for the right moment to sell your home, or buy your first (or fifteenth) home, the stabilization of the market is good news for you:

SELLERS:  Current owners of Charlotte homes looking to sell are now benefitting from a larger pool of home buyers.
BUYERS:    Charlotte home buyers can look to housing as a solid investment once again.  Buyers may have to contend with a more competitive market and bidding wars on properties so, remember to move quickly when you do find the home of your dreams!

If you’d like to know the latest on the market for Charlotte homes, I can help. Give me a call today at (704) 491-3310 or email me at Debe@DebeMaxwell.com.

©Debe Maxwell | The Maxwell House Group Real Estate | Charlotte Home Buyers and Sellers – Economists have Good News for You