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…
Read MoreBlog
-
Are Real Estate Prices Falling in Charlotte?
-
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…
Read More -
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,…
Read More -
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,…
Read More -
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…
Read More -
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…
Read More -
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…
Read More -
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…
Read More -
Dare to Take Action and Turn Dreams to Reality
St. Patrick’s day is upon us and conversations about the “luck ‘o the Irish” are frequent this time of year. In a coaching session with Buffini and Company recently, we were asked to consider what it means to create our own luck. I was reminded…
Read More -
Charlotte Update: Building Momentum in February
February has always been an underrated month! Undercurrents of what can be accomplished in the year always take hold in February. You need to look just below the surface. What do you hear from everyone you speak with? Something to the effect of “Spring is…
Read More -
Celebrating Progress in Charlotte
It is a new year, and everyone I have spoken with is excited to tackle new goals living their personal and business lives in a deeper way this year. All of us have had challenges in 2021, and when New Year’s day came along, many…
Read More -
New High for Median Real Estate Price in Charlotte
A new median home price of $400,000 was reached November which marks a new record for Mecklenburg County single family home sales. This represents a 21% increase over the median price in the same month last year. The average sales price is still below its…
Read More -
Real Estate Prices and Inflation
For the past 12 months, the year over year change in median home price has averaged an increase of 17%. People say things like, “this real estate market is crazy!” and I often get the question, “when are prices going to come back down?” Over…
Read More -
Charlotte Real Estate Lockstep with National Averages
Charlotte is an incredible city full of opportunity, growth and vibrancy. It is simply a great place to live. Looking through the lens of real estate, many outsiders look at Charlotte as an affordable city and a great place to move in order to get…
Read More -
Charlotte Update: End of Summer Stats Show…
Wednesday marks the first day of autumn. The season change is here and the signs will start showing up all around us. Kids are back in school, stores are carrying pumpkins, the fall colors are soon to appear and the real estate market begins to…
Read More -
End of Summer and Back to School
In what we used to know as a “normal” year, the late summer is typically a slower time in real estate as people wrap up summer vacations and get ready for kids to go back to school. These last few years have been anything BUT…
Read More -
Is Charlotte Real Estate Cooling Off?
About this time of year, almost every year, people start asking if the real estate market is cooling off. This year it seems like people are asking that question a little more than previous years, probably because the market has been so hot. Inventory remains…
Read More -
David and Goliath – by Brandon Finch
For many, this real estate market feels like the story of David and Goliath – buyers, seemingly in an underdog situation, are up against what seems like a much stronger adversary in sellers. In a recent analysis published by Ely Portillo from the UNC Charlotte Urban Institute,…
Read More -
Real Estate Across the Nation
Real estate is local and the nuanced specifics vary from market to market. But there is still much to learn from national trends, especially when industry professionals from across the nation get together to share ideas. Early this month, Maria and I attended a real…
Read More -
Charlotte Real Estate Market: Crazy? Or just different?
Time to get some things straight. Yes, the real estate market in Charlotte is experiencing an imbalance between supply and demand right now. A well-priced home in good condition is likely to be on the market for only a matter of days and in many…
Read More