What’s the latest on the Charlotte NC real estate recovery?

The buzz around Charlotte has been increasingly positive over the past month with regards to the Charlotte real estate market! Recovery is in process and we’re seeing movement in many areas of the Charlotte Metro region.

There’s good news for both buyers and sellers of Charlotte real estate: The U.S. Economic and Housing Market Outlook is encouraging across the nation. According to this research done by Freddie Mac, both the economy and the housing market are showing signs of recovery.

Here are some of the changes stimulating these improvements in both nationwide and Charlotte real estate markets:

Loans that were seriously delinquent or going into foreclosure declined to the lowest quarterly share since the start of 2009, according to the latest Mortgage Bankers Association Mortgage Delinquency Survey.
In January, existing home sales were at their highest since May 2010, according to the National Association of REALTORS®.
Job gains have exceeded expectations for the past two months.
In January, the unemployment rate fell to its lowest since 2009. In December, jobless claims were at their lowest level since 2008.
Applications for weekly unemployment benefits decreased for the third consecutive week, to 348,000; the fewest since the first week of March 2008.
Home builder confidence continues to grow.
Households are paying off their debts and accessing credit more easily.
Historically low mortgage rates continue. According to Freddie Mac, the national average rate for a 30-year, conventional, fixed-rate mortgage was a record low 3.92 percent in January.

Please join The Maxwell House Group Real Estate in celebrating these positive trends!

Thinking of buying or selling Charlotte real estate? Please give me a call at (704) 491-3310 or email me at Broker@TheCharlotteScoop.com to discuss taking advantage of the upcoming spring and summer selling season.