Low Inventory Continues in Charlotte but, Easing Q2 2019 In March, 2010, Charlotte marked historically high inventory levels (13.9 month supply) and as the recession eased, inventory levels fell into a strong sellers’ market. Since 2015, Charlotte housing inventory has been less than a 3-month supply. In August, 2018, we were at an all-time low with a 2-month supply and in some parts of Charlotte, even lower than that. This painfully low inventory level has been driving up competition (and prices) for real estate in markets all across the country as well. But it looks like 2019 … Continue reading...
Top Home Buying Myths – And the Truth
Top Home Buying Myths – And the Truth Buying a home can seem like a huge undertaking. You don’t need to be a first time home buyer to find the process overwhelming. There is so much information available, how can you tell what’s true and what’s a myth? Understanding the difference can help you make the best decision for you and your family goals. Top Home Buying Myths – And the Truth The First Step is finding the Right House – Before you head out shopping, speak with a lender to understand your financial options and how much house you can afford. You Can’t Buy … Continue reading...
What’s Your FICO Score? Do You Know What Score You Need to Buy a House?
What’s Your FICO Score? Do You Know What Score You Need to Buy a House? Oh the myths we hear in our business! Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is those reporters were misinformed…as were the renters who read the erroneous articles! To begin with, only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian: 16% Very Poor (300-579)18% Fair (580-669)21% Good (670-739)25% Very Good (740-799)20% Exceptional (800-850) Just because you have … Continue reading...
Custom Home in Popular Dilworth Neighborhood is Under Contract!
**Another Maxwell House Group - Re/Max Executive Listing 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! HUGE $100K+ PRICE IMPROVEMENT! Price per square foot is below market value on this stunning custom 2-story arts & crafts home. Located in the Dilworth … Continue reading...
Why Do I Need a Real Estate Agent?
Why Do I Need a Real Estate Agent? 87% Of Buyers Purchased Real Estate Through An Agent Or Broker In 2018 Why you need a Charlotte Real Estate Agent Between the historic inventory shortage, intense competition and rapidly rising prices, navigating the Charlotte real estate market in 2018 was a real challenge for buyers. For that very reason, the vast majority of home buyers partnered with real estate professionals for their home search. According to the 2018 Profile of Home Buyers and Sellers from the National Association of Realtors, 87% percent of buyers purchased their … Continue reading...
3 Reasons We are NOT Heading Towards Another Housing Crash
3 Reasons Why We Are NOT Heading Toward Another Housing Crash Let's examine the 'why' we are NOT heading towards another recession/housing crash*Graphic provided by Keeping Current Matters Almost DAILY I receive a call, text, email or Facebook or LinkedIn private message - "What is going on with the market? Are we headed towards another crash?" or "Is another recession in our near future?" or something akin to those questions. I can't tell you how many people I have reminded NOT to listen to the 'talking heads!' Seriously, that's all they are - they are speaking in general terms without … Continue reading...
What Residents Like Best About Living in Charlotte
What Residents Like Best About Living in Charlotte I always enjoy listening to the 40-under-40 responses each year as the Charlotte Business Journal interviews the winners of this prestigious award. I'm always interested in where they attended college, what they have achieved, where they work, their job/title and my favorite question - "What do you like best about living in Charlotte?" Charlotte Skyline Here are some of the highlights that the 40-under-40 like best about living in the Charlotte region: The welcoming and collaborative spirit of the Queen CityThe restaurants - … Continue reading...
Buying a Home in Charlotte in 2019? Here Comes the Inventory!
Buying a Home in Charlotte in 2019? Here Comes the Inventory! The #1 reason homeowners cited for not listing their home for sale in 2018, was that they felt they would be unable to find a home to purchase. After 3 years of declining inventory in the Charlotte region, we’re finally starting to see listings hit the market! So, let’s get together to chat about what this means for your home purchase or sale our market. Call or text (704) 491-3310. Thinking of selling? Let's talk NOW! Visit www.ListMyCharlotteHome.com for more information on listing your home and experiencing a … Continue reading...
Thinking of Buying a Home in Charlotte This Winter?
Thinking of Buying a Home in Charlotte This Winter? The process of buying a home can be overwhelming but, you don’t need to go through the process alone - I’m here to help. You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. Our free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home. Stories in this publication include: 4 Reasons To Buy A Home This Winter2 Factors To Watch In Today's Real Estate Market Buying Remains … Continue reading...
Going with the Devil You Know – Is 2019 the Time to Sell Your Charlotte Home?
It’s better to go with the devil you know, than the devil you don’t. With 2020 being an election year, uncertainty will likely fill the minds of real estate investors (including individual home buyers). It typically does and then rebounds the second half of the following year. So, 2020 and 2021 may very well be weaker markets than 2019. Home price growth slowed a bit in the second half this year, with fewer buyers entering the market. Analysts and those with their fingers on the pulse of the real estate market believe the cause is two-fold - 1. partially due to … Continue reading...