Last year was a wild year for the housing market. Home prices soared, interest rates dropped, and inventory dwindled—hello seller’s market! It was one of the most active real estate markets in a decade. After all of that, what can buyers, sellers, and agents expect from the market as we go through 2021?
Charlotte is one of the fastest growing metro areas in the country. The Queen City, named after the wife of England’s King George III, is beloved by its 2.5 million residents for its outdoor activities, live music, and many different places to live. On average, 91 people move to one of Charlotte’s 11 counties each day. It’s an exciting time to be joining the city—business is booming! Wondering if Charlotte is right next step for you? You’re in the right place. Let’s dive in.
This year has been quite the rollercoaster for the real estate market. However, with a record setting year coming to a close, it’s clear that the market was able to adapt and even thrive during these uncertain times. Will that be the case in 2021? Are these changes here to stay? How can you prepare? All good questions! Let’s dive in.
In 2020, first time home buyers make up 33% of the buying market. That’s a large group! So, there’s a good chance you’ll work with some, or already are. Understandably, this category needs a different type of support from their real estate agents. Here’s how you can help them and make the most out of your client relationships:
In 2016, Jake Reed moved cross-country from Los Angeles to Charlotte to relocate for a job as a loan officer. However, after landing on the east coast he decided to harness his knowledge from over 15 years in the mortgage industry to become a full-time real estate agent.
When Ed Averette bought his first home, he, like many new homebuyers, didn’t know much about the process. He didn’t ask all the questions he should have, he made mistakes, but this learning experience became a growing experience. It inspired him to become a real estate agent, so he could help ensure others knew anything and everything. And for the past 13 years, he’s been doing just that.
Agent Tracy Josey has called Charlotte home for the last 35 years—she loves the great climate and fast-growing population. Tracy started out doing home equity loans in the banking industry, but 19 years ago, she knew she needed a change. So, she became a real estate agent, leveraging her banking experience to benefit her clients even more.