Great Real Estate Market
For those who are interested in Charlotte Real Estate Investments, and have been looking for a reason to buy, you are most likely aware that Charlotte is now becoming an increasingly popular destination for housing buyers. Recent upgrades to schools, infrastructure, and amenities have resulted in a marked increase in the number of homes on the market for sale. While some of the housing market has cooled off somewhat recently, there are still many options available to those who are interested in making an investment. In our latest post, we will take a brief look at Charlotte Real Estate Investments as they relate to the overall housing market.
While Charlotte has seen a drop in home sales over the past year or so, there are still a number of neighborhoods that saw sharp increases in sales over the last several months. The uptrend in purchases is particularly pronounced in the Charlotte metro area, where home sales fell 7.5% year-over-year in our second most recent post on Charlotte Real Estate Investments. Those areas, which include uptown Charlotte and uptown Asheville, have both seen strong gains in recent years. The remaining metro area saw year-over-year decreases.
Charlotte Real Estate Investments
As mentioned above, Charlotte saw a sharp increase in home sales over the July 29, 2021 calendar year-over-year. The July 29 date is also associated with the second day of the North Carolina State Fair. The fair promises to bring many great things for visitors and residents to the area. Charlotte’s top attractions, including the NASCAR Hall of Fame, will also be active during the fair, making it a prime date for potential homebuyers. A Charlotte Real Estate Investing Guide that covers this event is therefore especially recommended if you are looking to invest in the housing market during this time.
Realtor Says Charlotte Has Great Real Estate Market
Homebuyer sentiment in Charlotte has been particularly strong as of late. The July 29 date is therefore an important one for investors considering buying homes or condominiums in Charlotte. The three most recent releases from CMHC showed that home sales over the July 29, 2021 calendar year dropped to the lowest level since peaking in the third quarter of 2021. This is largely due to an unusually high number of foreclosures on the market as well as lower home values from the prior months. This release from the CMHC is therefore a good one for an investor who wants to get in now, while prices are still low and has the potential to increase further over the coming months and years.
The July 29th release from CMHC noted that home sales over the July 29, 2021 calendar year fell to the lowest level since peaking in the third quarter of 2021. This is great news for an investor who is thinking about investing in Charlotte real estate but who is uncertain how those prices will continue to fair as the economy and outlook in Charlotte improves. From the CMHC, here is the latest post on continuing economic growth in Charlotte. The release also includes the latest local employment numbers and the unemployment rate in Charlotte has continued its three-month low. With these factors, the Charlotte real estate market appears to be in good shape.
An investor looking to purchase investment property in Charlotte who is uncertain if they will ultimately sell will benefit greatly from reading this recent release from the CMHC. They will also find the recent job numbers in Charlotte to be of use to justify making their purchase. As the pros have noted in their recent post on the housing market in Charlotte, this economy has been great news for all homebuyers and Charlotte real estate investors who are taking advantage of this low interest rate environment. This means that the timing for such an investment in Charlotte is just right.
