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Blog

  • Unexpected Friends

    Thanksgiving is a time to express gratitude toward family, colleagues, and friends. It is a time to let those around me know how much I appreciate them.  At first glance, this may seem to apply just to those in my immediate sphere, but digging a…

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  • Price Distribution Shift – Are Prices Up or Down?

    An interesting thing has appeared in the market stats for single family home sales in Mecklenburg County. In September, the median sales price fell (-2%) from the same month a year ago for the first time since January of 2019. However, the average sales price…

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  • Our Core Value Compass

    As many of you know, our office building experienced a fire within the last couple of weeks.  In case you are hearing this for the first time, no one was inside at the time, and no one was hurt.  There was extensive damage to the property, and we will be sorting…

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  • Beware of Misleading Real Estate Price Headlines

    In the Charlotte, North Carolina market, the average sales price for a single family home has fallen slightly from last month. However, that same metric is up over 7% from last year. Now that’s more like it. When we look at home prices and trends,…

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  • Celebrating 20 Years of Helping People Make Smart Decisions in Real Estate

    This month, we celebrate W Realty Group’s 20th anniversary!  Scott, the team and I have been reflecting quite a bit recently on our journey with real estate over these years.  We recognize that only some of you may remember that Scott and I purchased our…

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  • New Record Price Highs Reached in Charlotte

    Single family home sales in Mecklenburg County have been slowing for almost two years now. The number of sales this past May was 15% lower than the same month in 2022. Don’t that let confuse you about the state of home prices and real estate…

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  • The Perspective of Time

    After twenty years of working in the real estate business, I still haven’t seen it all. The current market is like no other that has come before, at least in my time. Home prices are at an all time high, but the number of monthly…

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  • Inflation Rate Falling & Pace of Home Sales Improves

    According to the US Bureau of Labor Statistics, the Consumer Price Index (commonly known as the inflation rate) has fallen to 5.0% as of March 2023. It rose to a peak of 9.1% in June of 2022, having a deep impact on the pace of…

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  • The Good Ole Spring Market Is Here

    The last month has been full of market uncertainty and lots of questions about what’s going on, what to expect with rising interest rates and inflation. There’s also been some recent turbulence in banking fueled by the media and lack of information. Here’s what’s going…

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  • January Home Sales at Eleven-year Low

    It’s notable this month that the number of closings in January is down 42% from the same month last year and has reached a low point not seen since January 2012. Back then we were coming off the worst recession in recent history. What’s different…

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  • Sales Slow, Prices Continue to Rise

    A significant change in mortgage rates over the past twelve months has driven a shift in the real estate market. The effect is a slowdown in the number of sales, yet prices continue to rise over the previous year. The decrease in units sold is…

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  • 2022 Charlotte Market Year In Review

    “This too shall pass,” they say. “Real estate prices can’t keep climbing like this forever,” they say. Markets go through cycles and it seems that 2022 has been a pivotal year. So what’s happened over the past year? Home prices – Exactly one year ago,…

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  • Are Real Estate Prices Falling in Charlotte?

    The short answer is: not yet. There is no doubt that the rapid increase in interest rates over the past year has taken effect to curb spending and the resulting inflation, real estate sales included. The number of home sales has declined sharply in recent…

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  • Unravelling the Real Estate Market Confusion

    The real estate market is experiencing odd times indeed. The market indicators are showing larger than normal changes and may be sending some conflicting messages. How are buyers and sellers supposed to make decisions right now? As of the close of September data, home sales…

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  • A Season of Change

    Most schools are back in session, which for many parents means enforcing the “early to bed, early to rise” rule at home. Summer is a time of less structure and more freedom from a kid’s point of view, but by the time school rolls around again,…

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  • Controlled Chaos – Renovating A Kitchen In 2022

    I’ve had the privilege of helping many of our clients buy and sell homes here in Charlotte, and the kitchen seems to be an area of focus. “The kitchen is the heart of the home” as they say, and while personal preferences can vary widely,…

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  • The Changing Tide

    Summer vacations often take us beach side where, if you’re anything like my family, you spend full days sun bathing, reading books, building sand castles, digging moats around them that you fill with endless buckets of water and, of course, swimming and boogie boarding over…

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  • The Optimistic Side of Rising Interest Rates

    On June 15, the Federal Reserve increased their benchmark interest rate by 75 basis points. It was the largest interest rate increase since 1994. As of June 9, the Freddie Mac 30 year mortgage rate was at 5.23%. This rise in the Federal funds rate…

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  • The Formula for Happiness

    Scott and I recently attended Buffini and Company’s conference called “The Peak Experience” to sharpen our skills and collaborate with top agents around the country. We are so thankful for the synergy and the opportunity to deepen relationships with like-minded hardworking people that genuinely care…

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  • Why You Can’t be Afraid of Rising Prices and Rates!

    The real estate market stats for March show a few new records. The average sales price for single family homes in Mecklenburg County has hit yet another new high at $534,635, up 12% over last year. Not only are home prices rising quickly, so are…

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