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Occupancy typically peaks in the third quarter and then falls off a bit due to seasonally slow. of buying a home. NAR Chief Economist Lawrence Yun said renters are deciding to stay put because.
But so long as our inventory is so low and demand continues to outstrip supply, Charlotte buyers cannot expect home prices to do much but continue to increase. The infographic below clearly illustrates just how supply of homes for sale and the demand for homes for sale impact housing prices whether you are in the Charlotte region or another.
Going forward, price growth may continue to slow down if inventories rise as more sellers become willing and able to place their homes on the market. Also, climbing mortgage rates could curb some.
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Charlotte, Matthews & Huntersville, NC Area Home Sales Slow for June 2017 Despite the continued surge of relocations to the Charlotte, NC area, home sales growth has slowed down. In light of strong job creation and healthy overall economic trends for a region that includes the towns of Matthews and Huntersville, it’s puzzling at first glance.
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Gains in Charlotte-area home prices cooled a bit in September, according to a national measure of housing prices. Home prices increased at an annual pace of 6.2%, matching the national average.
The housing boom isn’t over, but the slowing of price growth in recent months suggests a more moderate pace in the home sales market, a trend most likely tied to rising interest rates. Sellers are.
Ignore all the headlines about housing recovery and rising home prices. The market, nationally, is now in real trouble, thanks to the surge in mortgage rates triggered by the Fed’s spring musings on.
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Rents have been rising as fast as home prices, making it hard for renters to save for a down payment. appreciation rates rose sharply in 2013 and have continued to increase at a rate of 5 to 7 percent a year. In light of weakening demand, the experts expected price increases would start to slow down.
These rising home prices are good news for Charlotte residents who are putting their homes on the market right now. However, experts are concerned that the homes in Charlotte will be too expensive for people to actually afford in three or four quarters.