Let’s face it, we are being bombarded by economic predictions of all kinds this month; so much so that I even hesitated to add my own to the massive pile. But, since my mission is to provide you with insight into our Lake Norman housing market and the role the national, state and local economy plays on [...]
So, when all is said and done, our Lake Norman single family housing market was just okay in 2011. We didn’t quite match 2010 sales but at least we didn’t have a double dip back to our abysmal 2009 numbers! 5 months in 2011 were either equal to or better than 2010 while 7 months were lower compared [...]
December 2011 home sales in Lake Norman continued the downward trend started in November. After relatively strong sales since June, our Lake Norman housing market slowed considerably in the last two months of 2011. At 60 closed sales, Lake Norman single family home sales were down 20% compared to last month’s 75. It is important to note that these numbers are [...]
There was a rather disturbing article in Sunday’s Charlotte Observer: Housing glut looms behind region’s ‘shadow inventory’. It is not the whole issue of shadow inventory that is disturbing but rather the tone of the article, starting with the ominous title itself. Home buyers are already extraordinarily nervous, why add relatively useless fuel to this fire? [...]
Lake Norman Real Estate’s 2011 Sales Analysis by Price Range
If you are a home buyer or seller in Lake Norman, it really only matters what is happening in YOUR price-range. Yes, it is important to know about the global economy, the national economy and the Charlotte area economy and real estate market but real estate is hyper-local so it is most meaningful to learn about the Lake Norman [...]