Benefits of Downsizing in Charlotte
Carter Group Realtors
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3w 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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1M 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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2M 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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2M 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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2M 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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Price Nostalgia
Carter Group Realtors
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3M ago
We coined the term “Price Nostalgia” to describe a sentimental longing or wistful affection for past home prices. Let’s time travel back to June 30th, 2004. Stacy and I, along with my newly formed real estate firm, were entering the Downtown Charlotte Market. When we bought our house in Dilworth for $230,000, we thought the market was “tapped out.” Now, let’s fast forward to the start of 2024 and get angry at ourselves once again for not buying our second house 15 years ago. I get it; those old prices are hard to look at for me too. But listen, don’t beat yourself up—there was no way to know ..read more
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Charlotte Home Values on the Rise: A Closer Look at the Next 5 Years
Carter Group Realtors
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3M ago
As longtime residents and real estate experts in Charlotte and Concord, we’ve witnessed the incredible growth our city has experienced over the past 20 years. Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future. In fact, a recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people who are dealing with that fear – maybe you’re one of them. To help ease that concern, here’s what the e ..read more
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Earning and Spending in CLT
Carter Group Realtors
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3M ago
As our credit cards reach their limit during the holidays, I’m reminded of the often-insane American lifestyle: working ourselves to the bone, only to spend it all. The headline “lottery winner blows entire jackpot” is familiar, but for them, it was “easy come, easy go.” For the rest of us, it’s much sadder: working our entire lives and having nothing to show for it. But man, is it easy to spend. Big City Family living has a knack for draining bank balances like some kind of money-sucking dementor. However, if all the money gets spent, how are any of us supposed to get ahead? I apologize for b ..read more
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Take Your Kids To Open Houses
Carter Group Realtors
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3M ago
Like most parents, we often ponder our kids’ financial education. Our twins, Tristan and Autumn, are 14, so it’s crucial that they grasp the early stages of managing money. For Christmas, Tristan is diving into entrepreneurship and has his eyes on some tech equipment for his startup, along with setting up his own business bank account. Meanwhile, Autumn is diligently earning, saving, and working towards getting her lifeguard certification. Ensuring our kids feel comfortable and at ease with money is a top priority for us. Therefore, we’ve decided to introduce them to an experience they may not ..read more
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Charlotte & Concord Boomers: Your Real Estate Goldmine Awaits
Carter Group Realtors
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3M ago
The real estate landscape is experiencing a seismic shift, and for baby boomers in Charlotte and Concord, the time to seize the moment is now. Let’s delve into the factors that make this a golden opportunity and explore the stories of two homeowners who have witnessed a remarkable evolution in home values over the past three decades. 1. The Perfect Storm for Baby Boomer Sellers For empty nesters, the stars seem to be aligning. The kids have flown the coop, and the prospect of navigating those stairs for a few more decades isn’t as appealing as it once was. Enter the allure of downsizing, coupl ..read more
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