Fort Mill
Real Estate
Amid new apartments, longtime Optimist Park homeowner refuses to sell
Remember that Disney film "Up?" In it, an old man refuses to sell his aging house while modern development springs up around it. It looks like it’s playing it out in real life in Charlotte’s Optimist Park neighborhood between uptown and NoDa. For more, I’m joined by Tony...
Many pointing the finger at corporate landlords over lack of affordable housing options
CHARLOTTE, N.C. — The City of Charlotte is proposing a $4.2 billion budget for fiscal year 2025 to cover day-to-day operations, city departments, and capital investments in transit, roads, and housing. The proposed budget comes with a one-and-a-half-cent increase in property taxes. Following the public hearing Monday night, the...
37.4% of homes in the Charlotte area have been purchased with cash as of February 2024
All-cash home purchases are on the rise nationally and in the Charlotte area, according to new data from Redfin.Why it matters: Wealthy buyers can adapt to the pricey market more easily than typical buyers needing a loan.Data: Redfin; Note: Includes home purchases with no mortgage loan information on the deed. National data calculated from the 40 of the most populous U.S. metro areas; Chart: Axios VisualsBy the numbers: Since January 2011, 37.4% of homes in the Charlotte area have been purchased with cash as of February 2024 — higher than the nationwide 34.5%, per Redfin data.Context: Charlotte saw an increase...
RE/MAX Housing Report: Inventory Gains and a Surge of New Listings Highlight a March in Which Sales Climbed from February 2024 But Trailed March 2023
Home sales in March increased 21.6% over February while trailing the March activity of a year ago. At the same time, a 20.9% surge in new listings during the month fueled a substantial 7.7% expansion ...
Zillow introduces new app to help homebuyers know what they an actually afford
CHARLOTTE, N.C. — Although mortgage rates remain high, the Charlotte housing market remains a seller's market with more people looking to buy than homes available. According to the most recent data from Realtor.com, there are more than 4,000 homes currently listed in Charlotte. One of the most significant challenges facing buyers is understanding their purchasing power at a given moment.
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