We’d like to thank you all for a wonderful year and wish you Happy Holidays, Merry Christmas, and a wonderful New Year. Instead of going with a basic holiday video this season, the team decided to create and recite a poem for you all. It’s the season of giving joy, and we could think of no better way to share our cheer than to create something to share with you.
A Christmas Poem, From Our Family to Yours
Carols in the distance,
I can smell Christmas
Floating in the air.
Candy canes and bonbons,
Angels top the tree.
There’s presents over yonder,
One for you and me.
Tinsel wrapping, round and round,
Candles light the night.
Making Santa’s journey
Sparkly and bright.
A very merry Christmas
To your family, my friend.
May your new year bring happiness.
May the joyful times not end.
1:15- How to get a free copy of our helpful guides for homebuyers and sellers.
2:00- How to get involved in a fast-paced career in real estate if you or someone you know is interested.
5:15- Five reasons to sell this fall.
8:00- The cost of waiting to buy with looming interest rate increases.
11:15- A quick look at our website and how to get a free, easy home equity evaluation.
If you have any questions about anything I discussed here in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use the timestamps to browse specific points at your leisure:
0:39 – How to obtain the summer edition of our buyer and seller guides.
1:50 – How to see an up-to-date market snapshot for any area in or near Charlotte.
2:30 – How have Charlotte market statistics changed in one year?
5:30 – How our team’s approach differs from that of others.
7:22 – An examination of the Target Price Range – Sales Price to Original Price Comparison chart.
12:07 – A look at our buyer database.
If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
Here is an outline of our market update, with timestamps so you can skip ahead to the sections that interest you most:
1:00 – Where you can find our summer buyer and seller guides.
1:43 – How a drop in inventory has fueled a sales slowdown and a rise in prices.
3:51 – What the latest numbers and trends mean for buyers and sellers.
6:18 – Four reasons to sell this summer.
8:51 – How our median sale price median price per square foot and median days on market from the South Charlotte/Ballantyne area have evolved since 2012.
As always, if you have any questions for us or are looking to buy or sell a home in our Charlotte market, give us a call or shoot us an email. We would love to help you.
Here are the timestamps of the video above so you can skip ahead to certain sections that pertain to you:
1:46 – Key year-to-date stats from the Charlotte region: May 2017 vs. May 2018.
2:55 – Economic indicators, quick facts, and other stats from the month of May.
5:20 – A closer look at the average days on market, the average list price, the percent of the original list price received, and the inventory of homes for sale from 2016 to 2018.
8:52 – How our buyer database finds the right buyer for every home.
10:31 – How our three-step home equity evaluation works.
If you have any questions for us about our market or you are thinking of buying or selling a home soon, please feel free to reach out to us. I would be glad to help you.
Here’s an outline of our market update, with timestamps so you can skip ahead to the sections that interest you most:
2:00- A few special offers from our team for you to be aware of.
4:45- The latest national home appreciation numbers and the pricing trends to watch in 2018.
9:45- A closer look at how mortgage interest rates play a huge role in the health of our real estate market and where they might steer us in the future.
12:50- The many things that the Housing Affordability Index tells us about the kind of market we’re in.
15:20- Why there is never good news in our market for those in a rental situation.
17:30- The states with the highest buyer and seller traffic in the country.
18:30- The experts’ latest mortgage interest rate predictions.
22:00- The latest statistics for the Charlotte real estate market and what they mean for buyers, sellers, and investors.
25:30- Our real estate trend indicator, which we can break the numbers down for you by zip code, town, and neighborhood.
27:30- Where you can find the data that backs up everything we’ve talked about so far.
29:00- A special offer you won’t want to miss out on.
If you have any questions for us in the meantime about anything we discussed in this month’s market update, don’t hesitate to reach out and give us a call or send us an email anytime. We’d love to hear from you.
Watch the full video above to get the entire update, but here’s an outline of what I discussed in timestamps so that you can skip around to the parts that most interest you:
2:40- A quick look at the latest national numbers.
10:11- Where the experts believe the market is headed in 2018.
12:00- The truth about mortgage and home affordability in Charlotte.
18:15- The latest sales and pricing data.
20:45- What the Case-Shiller Index has to say about where the current market is.
24:00- Where mortgage rates are now and where they’re headed.
If there’s anything that you’re not quite clear on or anything you’re curious about learning about in-depth, don’t hesitate to give us a call or send us an email with any and all of your questions. We look forward to hearing from you soon.
Why does this news mean it’s important that you put your home on the market immediately if you’re a seller?
Did you know that if interest rates rise from 4% to 5%, it affects a buyer’s monthly payment by 10%? In other words, if that buyer is looking to buy a $200,000 house and rates go up 1%, they’ll then only be able to afford a $180,000 home. Not only is a buyer’s buying power reduced by 10% in this case, but sellers also have 10% less selling power because that money that would’ve gone into your pocket is now going into the bank’s pocket.
Also, did you know it takes about 30 to 45 days to close a loan? This means if we listed and sold your home now, it would take some time between the end of May to the beginning of June to close the deal.
So, if you’re thinking of selling and you’d like to know what you would net at the closing table, reach out to us and we can give you a free, no-obligation consultation.
If you have any other questions or real estate needs, don’t hesitate to give us a call or send us an email. We’ll see you at the closing table.
Our latest market update is a comprehensive look at the most recent national housing trends, as well as a statistical breakdown of what’s happening here in Charlotte.
Here are the timestamps of the video above so you can skip ahead to certain sections that may interest you:
1:17 – Year-over-year changes in home price by region and state.
2:03 – State-by-state and country-wide home price appreciation over the last five years.
2:39 – Forecasted year-over-year growth in home prices.
2:59 – A summation of our current national market by Dr. Frank Nothaft, the chief economist of CoreLogic.
3:45 – Case Shiller’s 20-city composite of monthly year-over-year price changes.
4:16 – The national average annual appreciation, broken down into four time periods: pre-bubble, bubble, bust, and recovery to date.
5:17 – The projected national percentage of appreciation over the next five years.
5:43 – Cumulative house appreciation by 2022.
6:08 – Thoughts on our current market from Daren Blomquist and Zillow.
6:37 – The actual median sales price for each year from 2000 to 2017 versus the hypothetical median sales prices with normal historic appreciation.
7:28 – State-by-state breakdown of the home appreciation percentage from the pre-crisis peak to now.
8:09 – A mortgage rate forecast and its implication for buyers.
9:16 – The statistical impact of increasing mortgage rates on home prices.
10:25 – Thoughts on increasing mortgage rates from Freddie Mac, First American, and MarketWatch.com.
12:55 – Appraiser home value opinions compared to homeowner estimates for the last 12 months.
13:13 – Thoughts on the luxury market from the Institute for Luxury Home Marketing.
13:32 – The national average days on market for luxury homes for the last 10 months.
13:46 – Each state’s current average days on market.
13:58 – Percentage of distressed property sales.
14:13 – State-by-state seller traffic.
14:24 – The average month’s inventory from January 2011 to January 2018.
14:36 – State-by-state buyer traffic.
14:47 – Past and future foot traffic.
15:15 – Mortgage rate projections for each quarter of 2018.
15:30 – The average FICO score distribution by percentage.
16:45 – The average price per square foot, the average sale price, and the average days on market of Charlotte homes from 2005 to 2018.
If you have any questions about our national or local market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to us. We’d love to help you.