Charlotte Housing Market Update: Buckle Up for Stability!
Carter Group Realtors
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5d ago
Homeowners in Charlotte are likely curious about the future of the market after a year of significant price increases. While national headlines may raise concerns about a housing bubble or a repeat of the 2008 crisis, here at Carter Group Realtors, we believe the Charlotte market is headed for a period of stability, with prices unlikely to experience dramatic increases or decreases in the near future. Why Prices Aren’t Likely to Fall: Limited Foreclosure Activity: The key factor driving down prices in 2008 was a surge in foreclosures. Thankfully, today’s lending standards are much stricter ..read more
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Buyers Still Out There? You Bet They Are!
Carter Group Realtors
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1M ago
If you’re wondering whether people are still moving, the answer is a resounding yes. While some folks are holding off, plenty of buyers are actively looking right now. And we’ve got the data to prove it. The ShowingTime Showing Index, which tracks how often buyers are touring homes, shows that buyer activity is still happening. Check out this graph showing buyer activity for March over the past seven years: What the Data Tells Us Looking at the graph, you’ll notice that demand has dipped since those ‘unicorn’ years (highlighted in pink) due to higher mortgage rates, rising prices, and limited ..read more
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Navigating the New Residential Parking Pass Program in Dilworth and Wilmore
Carter Group Realtors
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2M ago
As Charlotte continues to grow, our neighborhoods are experiencing increased pressure on parking spaces. In response, Dilworth and Wilmore are introducing a Residential Parking Pass (RPP) pilot program aimed at alleviating congestion caused by daily commuters and construction workers. Here’s an overview of the program, feedback from a recent neighborhood meeting, and insights on how similar initiatives have fared in other areas. The Issue: Growing City, Limited Parking Charlotte’s rapid growth has led to significant parking challenges in residential areas, particularly in Dilworth and Wilmore ..read more
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Navigating the New Parking Permit Program in Dilworth: What It Means for Our Community
Carter Group Realtors
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2M ago
Every inch of curb space in this crowded city is precious. So why are we giving so much of it away for free? As we enter and exit our residential street in Dilworth every day, we see signs of our growing city and expanding business district. Construction workers, cars that are owned by commuters entering the city each morning who don’t want to pay for an uptown or Southend parking space, dump their cars on our residential streets — for free As a result, residents who own cars often compete for spots leading to frustration and crowded streets that our buses can no longer fit through ..read more
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Transparency in Bidding Wars?
Carter Group Realtors
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3M ago
In any arena where valuable assets are exchanged – like art, antiques, or vintage cars – auctions are a common way to determine their worth. Buyers publicly compete against each other, driving up the price until an ultimate winner prevails.  But in the world of real estate, these auctions take on a different form – we call them “Bidding Wars.” However, there’s a crucial difference between traditional auctions and real estate bidding wars. While auctioneers openly reveal the bids in traditional auctions, in real estate, the listing agent intentionally obscures what other buyers are willing ..read more
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Benefits of Downsizing in Charlotte
Carter Group Realtors
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4M ago
 Are you considering downsizing as you transition into retirement or an empty nester who doesn’t need all that space from your home anymore? It’s a decision many contemplate as they not only look to reduce expenses but also simplify their lifestyle. Downsizing to a smaller home in Charlotte an attractive option for many of our clients who have accumulated substantial equity in their Charlotte homes. Understanding the Financial Gains & Market Insights: 1. Financial Freedom: One of the primary benefits of downsizing is the potential to unlock home equity. As John Burns Research & Co ..read more
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CLT Monthly Market Update – January 2024
Carter Group Realtors
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5M ago
January 2024 Market Update U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of the last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing home sales this year compared to 2023.  2023 Tells Us Where We Are Heading     January Housing Market Numbers Ne ..read more
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2023 Unveiled: Your Blueprint for 2024 Real Estate
Carter Group Realtors
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6M ago
As we dive into the heart of 2024, I wanted to take a moment to chat about the finalized 2023 data in the Charlotte region and what it means for you as an investor, a first-time buyer, or simply someone curious about the state of the market. The real estate landscape in Charlotte, North Carolina, underwent significant changes in 2023, with fluctuations in sales, inventory, and prices. Let’s delve into the key highlights and insights from the recent market report released by Canopy MLS, shedding light on what these trends mean for buyers and sellers in the region. Reflecting on 2023 ..read more
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The Locked-In Effect Dilemma: Navigating Mortgage Rates and Real Estate
Carter Group Realtors
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6M ago
In the dynamic realm of real estate, the allure of a super-low 3% mortgage rate can be enticing, offering short-term stability and affordability. However, a deeper exploration reveals a potential long-term pitfall known as the “Locked-In Effect.” Here’s the issue As our clients navigate a high-interest rate environment, they find themselves hesitant to sell or move, fearing a significant increase in their house payment. This phenomenon has led many to stay in their “starter homes” or the home they started their family in, missing out on the wealth-building opportunities inherent in trading up ..read more
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Artistry Unveiled: Personalized House Portraits Transforming Home Stories
Carter Group Realtors
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7M ago
At Carter Group Realtors, our commitment to elevating the home buying experience takes a unique form — personalized house portraits by Stacy, our resident artist. Join us as we explore the stories behind three distinctive homes, each captured through the lens of Stacy’s artistic talent. The Art of Personalization 1. Cris and Andrea Areskog: A Trio of Homes, A Lifetime of Memories Embark on a visual journey with Cris and Andrea Areskog, Dilworth homeowners of a 1930 Colonial masterpiece. From their first-time buyer experience to finding their forever family home, Stacy’s house portraits encapsu ..read more
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