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 Changing Tide
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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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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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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…
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Spring Season Starts at Record High Prices
Spring is here and with it comes a spring selling season that seems to have started early this year. Actually, the spring selling season feels like it started last year and never slowed down. Seasonality plays a larger role in real estate sales here in…
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Leaving Money on the Table
Demand for Charlotte real estate continues to be strong almost three months into the new year. The biggest challenge the industry faces is a lack of supply, and this issue has created its own set of concerns. Having been very active in the business for…
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Year End Stats Suggest Strong Start in Charlotte
The Charlotte real estate market finished strong in 2020 with key indicators suggesting that this new year is going to continue in the same pattern. In December compared to the prior year, home sales were up 13%, average price was up 11%, time on market…
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Coming Soon: The Great Reset of 2021
As this year draws near to a close, I’ve spent some time reflecting on 20 years of real estate. It was a little over 20 years ago since I bought my first home, almost 20 years since I bought my first investment property, and almost…
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