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Maybe good news for those of us moving in the near future to Charlotte.
Tell this to all the builders trying to unload inventory and people trying to sell existing homes...
Median prices DO NOT mean existing home values are appreciating.
Any competent, truthful realtor will tell you that existing inventory, # of units sold & days on the market YOY are a true indicator of how a market is doing.
Tell this to all the builders trying to unload inventory and people trying to sell existing homes...
Median prices DO NOT mean existing home values are appreciating.
Any competent, truthful realtor will tell you that existing inventory, # of units sold & days on the market YOY are a true indicator of how a market is doing.
This was all over the news today.. Charlotte is probably doing much much better than other cities.. but being a home BUYER right now I can tell you from first hand experience there are many many homes out there.. Agents know this but they are trying to keep it quiet.. for now.. but in a few months the numbers will be out.. Seattle was also on the list.. I forget the 3rd.. but there are only 3 cities who are supposedly not depreciating..
So while this is good news for Charlotte don't be fooled.. stats are usually 1-2 months old at least.. My agent brought up a good point.. Charlotte is affected by newcomers wanting to move to Charlotte but they can't because they can't sell their own property...
Lastly, the reason given for Charlotte holding its value is that it didnt go thru an inflated appreciation cycle like most cities did. Makes sense really.
Quit being so negative folks...Charlotte is appreciating because people are moving here like gnats to a cows as*. I don't see it slowing or falling in value at all.. barchetta, I'll bet you a coke it keeps appreciating or holds steady beyond the year mark...are you a gambler...huh...are ya??? yum, yum, an icy cold coke is on the line....
Quit being so negative folks...Charlotte is appreciating because people are moving here like gnats to a cows as*. I don't see it slowing or falling in value at all.. barchetta, I'll bet you a coke it keeps appreciating or holds steady beyond the year mark...are you a gambler...huh...are ya??? yum, yum, an icy cold coke is on the line....
Having a discussion about the recent article and since you don't agree, you say "stop being so negative"....
Is this a Coke like as in Soda? Pop? I am from the North so we use Coke as a brand name.. I'd have to know if its wide open or the actual Coke product..
Quote:
Originally Posted by lyn2shoes
Quit being so negative folks...Charlotte is appreciating because people are moving here like gnats to a cows as*. I don't see it slowing or falling in value at all.. barchetta, I'll bet you a coke it keeps appreciating or holds steady beyond the year mark...are you a gambler...huh...are ya??? yum, yum, an icy cold coke is on the line....
It IS great news for Charlotte.. sort of... the question is: Why didn't charlotte have a huge appreciation cycle like almost every other city? Hmmmm VERY VERY interesting question that I would LOVE to know the answer too! Anybody??
And please.. don't try and sell me on "Charlotte people are too smart for that sort of thing".. LOL.. Seriously.. what happened? I mean during that period (this happened over the last 10 yrs)... what were people talking about? Were they wondering why properties werent appreciating like other cities?
It IS great news for Charlotte.. sort of... the question is: Why didn't charlotte have a huge appreciation cycle like almost every other city? Hmmmm VERY VERY interesting question that I would LOVE to know the answer too! Anybody??
And please.. don't try and sell me on "Charlotte people are too smart for that sort of thing".. LOL.. Seriously.. what happened? I mean during that period (this happened over the last 10 yrs)... what were people talking about? Were they wondering why properties werent appreciating like other cities?
Just a guess, but the factor which drives up prices is scarcity. If development kept pace with demand, then there would be just enough homes at any given moment, keeping home prices from spiraling up.
Likewise, if there aren't the cadre of investors and flippers (who really lay waste to the stability of a home market), the Charlotte would have been spared that inflationary pressure. Remember, home sales to those who flip in a few months drive up home values artificially; the communities hardest hit in deflation are most often rife with those flippers.
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