Home Buying for Beginners
The SL Home Group Blog
by Steve Lonnen
21h ago
Navigating the decision to buy a home involves more than just finding the right property; it's about ensuring that your investment aligns with your lifestyle and long-term goals. In the Greater Charlotte area, where options abound and neighborhoods vary widely in character and amenities, finding the perfect fit requires careful consideration. As real estate professionals, our role goes beyond simply showing houses; we act as strategic partners, guiding clients through a comprehensive exploration of their housing needs and aspirations. Through in-depth conversations, we delve into your preferen ..read more
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The Economic Appeal of the Greater Charlotte Region: A Magnet for Job Seekers
The SL Home Group Blog
by Steve Lonnen
21h ago
The Greater Charlotte region has emerged as a powerhouse in terms of economic growth and job opportunities, making it a magnet for professionals seeking dynamic career prospects. From substantial capital investments to robust job growth, the region's economic vitality is evident across various sectors. In 2023 alone, the Greater Charlotte region witnessed a remarkable capital investment of nearly $1.5 billion, signifying sustained economic development and business expansion. This substantial influx of capital underscores the region's attractiveness to investors and businesses alike, fostering ..read more
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Exploring the Vibrant Landscape of Charlotte's Real Estate Investments
The SL Home Group Blog
by Steve Lonnen
3d ago
In the dynamic landscape of real estate development, understanding where investment capital is flowing is paramount to gauging the future growth potential of a region. Charlotte, with its bustling economy and burgeoning urban scene, stands as a prime example of this phenomenon. Behind the curtain of each towering skyscraper or sprawling residential complex lies a team of seasoned analysts meticulously dissecting market trends and projecting future demand. These multi-million and even billion-dollar projects serve as tangible evidence of investor confidence in Charlotte's trajectory. From corpo ..read more
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Exploring the Greater Charlotte Region: Beyond Mecklenburg County
The SL Home Group Blog
by Steve Lonnen
3d ago
Charlotte, North Carolina, is experiencing significant growth, and it's not just confined to Mecklenburg County. The city's expansion extends to surrounding counties like Gaston, Lancaster, York, Iredell, and Union, collectively forming the greater Charlotte region. This broader perspective is crucial for understanding the dynamic real estate market in the area. When discussing Charlotte, it's essential to consider the entire 485 Corridor, encompassing various communities and neighborhoods that contribute to the city's vibrant atmosphere. While Mecklenburg County remains central, the surroundi ..read more
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Up, Up and Away!
The SL Home Group Blog
by Steve Lonnen
1w ago
In a recent report by Redfin, the real estate market has witnessed an unprecedented surge, with the median monthly home payment soaring by 11% year-over-year. This surge has propelled the median monthly payment to an all-time high of $2,747, marking a significant milestone in the industry. The surge in home payments can be attributed to several factors, including the exponential rise in home prices and the concurrent increase in mortgage rates. As a result, prospective homebuyers are facing a challenging landscape characterized by higher costs and increased competition. One of the key drivers ..read more
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Discover Marvin: A Million Dollar Gem!
The SL Home Group Blog
by Steve Lonnen
1w ago
**Discover Marvin, NC: A Hidden Gem in Union County** Nestled within the picturesque landscapes of Union County lies the charming suburb of Marvin, North Carolina. With a typical home value of nearly $1.1 million, Marvin stands out as one of the premier destinations for luxury living in the Greater Charlotte area. According to a recent Zillow report, the rise of million-dollar homes in the region has put Marvin at the forefront of affluent communities. What sets Marvin apart is not just its upscale charm but also its desirable location. Situated just a short drive from Charlotte's bustling cit ..read more
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Available housing inventory is still down
The SL Home Group Blog
by Steve Lonnen
1w ago
Available housing inventory is still down 37.9% from pre-pandemic values. Nationally, between January 2024 and March 2024, the inventory of homes actively for sale was at its highest level since 2020. While inventory looks to be on the upswing, One price range that has outpaced all other price categories for home inventory is the $200,000 and $350,000 range.  This segment grew by 30.5% compared to March 2023. Even as home listing activity continues to climb it's important to note low inventory largely remains one of the biggest challenges for b ..read more
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Pay The Tax Man: The Growth Rate for Property Taxes Nationally Nearly Doubled in 2023
The SL Home Group Blog
by Steve Lonnen
3w ago
Pay The Tax Man:  The growth rate for property taxes nationally nearly doubled in 2023 compared to 2022 from 3.6 percent to 6.9 percent.  ATTOM recently shared their information on 89.4 million single-family homes in the U.S. and found that $363.3 billion in property taxes were levied in 2023; up from $339.8 billion in 2022.The states with the highest effective property tax rates came from the Northeast and Midwest. The top five include Illinois, New Jersey, Connecticut, New York, and Nebraska.  When it comes to Metro areas with a population of at least 1 million, the ..read more
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The Charlotte metro on average added 111.42 people a day
The SL Home Group Blog
by Steve Lonnen
3w ago
The Charlotte metro on average added 111.42 people a day from 2022 to 2023. The U.S. Census Bureau offered its latest population estimates and found that 60% of the counties in the U.S. experienced a positive net migration in that same year. At a state level North Carolina had a daily net migration gain of 347.16 and  South Carolina a gain of 251.65. These gains put both states in the top 5 fastest growing states in the country.  Of the 111.42 people moving to the Charlotte Metro area daily, here are the top 7 Counties they were moving to: Mecklenburg, Union, Iredell, Lancaster ..read more
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Living in Charlotte NC: Relocation Guide
The SL Home Group Blog
by Alisha Zingalie
1M ago
Exciting news for those considering a move to the Greater Charlotte area! We've just launched a comprehensive relocation guide packed with 30 pages of valuable insights into the vibrant lifestyle and countless attractions this bustling region has to offer. Whether you're drawn to the dynamic energy of Uptown Charlotte or the charming suburbs surrounding the city, our guide has something for everyone. From top-rated restaurants and bustling entertainment districts to picturesque parks and family-friendly activities, we've curated a diverse range of experiences to help you discover the best of w ..read more
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