What Are the Latest Numbers From Our Local and Nationwide Market?

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

Welcome to our latest Charlotte area market update for the month of June. We have all the latest statistics, and today we will examine them from a historical perspective.

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.

A Summer Update for the Charlotte Real Estate Market

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

It’s time for another market update for the Charlotte real estate market. All of the latest data is in, and we’re going to take a close look at it today. We’ll look at statistics from both the local and national market, as well as the latest trends that we’re seeing out there every day.

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.

 

April 2018 Market Update for Greater Charlotte

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

The latest numbers just came in for the Greater Charlotte real estate market, and we wanted to make sure we got them out to you as quickly as possible.

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.

 

What Makes Now the Time to Sell in Our Market?

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale
 

In case you didn’t know, the Federal Reserve will meet on May 1 and 2 to raise interest rates, and they already met previously on March 21 and 22 and raised rates by 0.25%.

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.

A Comprehensive Breakdown of Our Local and National March 2018 Market

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

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.

 

January 2018 Greater Charlotte Real Estate Market Update

 


Looking for a fast-paced career in real estate? Visit our recruiting site
Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

The new year is upon us, and that means it’s time to take a look at the market so far.

Cited below for your convenience are timestamps which will direct you to various subjects I go over in the video above. Feel free to watch my full message or use these timestamps to browse specific topics at your leisure:

1:31 - The new tax code and its impact on residential real estate

4:32 - A review of 2017 statistics and projections for 2018

9:54 - A look at inventory levels

11:17 - Year-over-year price changes in our market and appreciation rates

13:32 - Are we headed for a bubble?

16:29 - Equity and tenure statistics

19:02 - Home price expectation survey

21:06 - Rental statistics

21:54 - Local market updates

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Clean Juice Is a Fantastic, Healthy Place to Get a Drink

 


Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

We’re back again for another installment of our series on local businesses that we consider high-performance businesses. This is one of our favorite places because we’re really focusing in on our health this year. We’re even doing a 66-day challenge.

 

Part of that challenge is putting good things in our bodies, so that’s why we’re here at Clean Juice on Rea Rd. in Stonecrest. They have delicious, freshly made juices ready to go. They’re also a faith-based company like ours, which makes us even bigger fans.

We appreciate your support this year.

 

We appreciate your support in 2017 and we can’t wait for what 2018 has to bring.

If you have any questions for us in the meantime or if you’re looking to buy or sell a home, give us a call or send us an email. We look forward to hearing from you soon. 

Will You Take Advantage of Our Pie Giveaway?

 

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

Thanksgiving is just around the corner. This time of year, most of us are feeling very grateful for the people we have in our lives.

For us here at High Performance Real Estate Advisors, this includes feeling grateful for all of you. We appreciate your support, referrals, and loyalty.

So, we’ve got something special we’d like to share with all of you this year. While we’re all thankful for our loved ones, we’re also thankful for something else that’s sweet: pie.

To show you how thankful we are for all of you, we’re giving away some free apple and pumpkin pies right here at our office. But to get yours, you’ll need to RSVP by November 10.

There are a couple of ways you can do this. You can either call us at (704) 444-0436, or you can visit www.HPREAravingfanclub.com.

To show you how thankful we are for all of you, we’re giving away some free pie.

 

The event is taking place on Tuesday, November 21 and Wednesday, November 22. Make sure you mark your calendar for those dates between 1 p.m. and 2 p.m. Don’t worry, we’ll send you a reminder so you don’t forget.

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.

Top 10 Reasons to Sell in Charlotte This Fall

 

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

 

Today we’re counting down the top 10 reasons that you should consider selling your Charlotte home this fall or winter. Without further ado, let’s get to it:

  1. There is less inventory on the market. This allows you to sell high now and be a non-contingent buyer in the spring when the time comes.
  1. You can restrict showings. Some sellers are worried that the holidays will be ruined if they’re selling their home, but you can certainly restrict showings during the holidays so you don’t have to worry about it.
  1. Charlotte is a huge relocation market. A lot of transferees will be moving here after the first of the year. Many of them will be looking for homes. You can stand out to those buyers by being one of the few homes on the market during this time of year.
  1. There are plenty of buyers out there. Many of them have to buy before the end of the year for tax reasons.
  1. Buyers have more time off during the holidays. This gives them more time to look for homes like yours.

You won’t get as much money for your home if you wait until January.


  1. Buyers are more emotional during the holidays. Home prices can be driven up by emotion, especially during the holiday season.
  1. Home decorations. Your home shows much better when it’s decorated for the holidays. It helps to create a better emotional connection with buyers.
  1. Inventory rises in January and February. You won’t get as much money for your home if you wait until inventory spikes during these months to list.
  1. Less inventory in the fall and winter. This means that more buyers that are more serious with more money.
  1. There are serious buyers in the fall and winter. These aren’t looky-loos or tire-kickers. They need to buy now.

The three best months for home sales on our team last year were April, May, and December. If you’re thinking of selling and want to get top dollar for your home sale, now is the time. Don’t hesitate to give us a call or send us an email if you have any questions or need any assistance. We look forward to hearing from you.

When Was the Last Time You Tested the Radon Level in Your Home?

 

 

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

Today we’re joined by a special guest,Preston Sandlin of Home Inspection Carolinas, to talk about an important subject: radon.

So, what is radon? Radon is an intangible, invisible, odorless, and tasteless gas that releases energy in your lungs when you breathe it in. When this happens, the tissue in your lungs becomes damaged and you become highly susceptible to lung cancer.

In fact, radon is the leading cause of lung cancer in smokers, and the second leading cause in non smokers—with smoking itself being the first. With 21,000 people dying each year, it isn’t hard to see why this is such a health risk. In fact, it is estimated that one person dies every 25 minutes as a result of radon gas.

According to the EPA, radon becomes a hazard once it reaches a level at or above 4.0 picocuries per liter. Higher levels are much more prevalent in mountainous areas. If you go to www.NCRadon.org, you will information indicating the likeliness of high radon levels in your home.

In the Piedmont area, specifically, we are in about the middle of the range. The national average indicates that about one in every 15 homes will have radon. However, in Charlotte the average is approximately one in every 25 homes.

One person dies every 25 minutes as a result of radon gas.


It costs between $150 and $180 to obtain a continuous radon monitor, but Preston believes it is well worth it. However, there is a cheaper option since there are two types of tests. A passive test costs only about $15. You can purchase this type in most hardware stores, and basically consists of charcoal that you leave out for 48 hours in the lower level of your home. Once you’ve done this, you mail them out to be tested.

There are some disadvantages to this kind of test, though. This method could take almost a week before you see results. Also, if you are conducting this test as part of a real estate transaction, the seller of the property you are testing could tamper with the results.

The other test, the continuous radon monitor, may be more expensive, but it can’t be tampered with and you will have your results after just 48 hours. Which test you should purchase really depends on what you are using it for. If you are merely curious about the level of radon in your own home, you would be fine going the route of the charcoal test.

So, what happens if you find that the radon level in your house is too high? In this case, you'll need to purchase a radon mitigation system. This equipment will typically cost between $1,500 to $1,800, but will be well worth it.

High levels of radon in North Carolina are a material fact, but an installed radon mitigation system in a home is also a material fact. Even though levels may be normal following the installation of the system, the real estate commission has to consider what would happen if a system were to fail. In mountainous areas, you’ll find that the majority of homes will have a radon mitigation system.

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.
1 2 3

About HPREA

Lars Hedenborg and Thomas Elrod joined their teams to create High Performance Real Estate Advisors. These two heavy hitters in real estate decided that two high performing teams could help more clients at the highest level as one. HPREA dominates real estate as the top realtor in Charlotte, NC. Our team of experienced, full-time real estate agents and staff are ready to lead and advise through the process of buying the perfect home or selling your existing home for the most amount of money in the shortest amount of time. HPREA offers a dedicated, skilled team with an innovative marketing approach. HPREA is committed to bringing their clients the best possible real estate experience.

HPREA

HPREA
3430 Toringdon Way #200,
Charlotte, NC 28277
704-817-4444
info@hprea.com
www.larshedenborg.com

Subscribe to Email Updates