North Carolina

Home sales continue to decline ahead of projected increase by early 2024

Published

1 year ago

July 31, 2023

Home sales continue to decline ahead of projected increase by early 2024

CHARLOTTE, N.C. — Home sales continue to slump in North Carolina. According to Redfin, sales declined by 17% in June compared to the same time last year.

What You Need To Know

North Carolina home sales declined by 17% in June 2023 compared to last year, according to Redfin
Cities like Charlotte and Raleigh saw a 22% decline in sales, and Asheville sales dropped by nearly 30%
Data from Canopy Realtor Association shows median sales prices are increasing in some regions

Larger metros in the Tar Heel State are seeing an even steeper decline. Redfin reported more than a 22% decline for the Raleigh area and close to a 30% drop in sales for Asheville.

As sales dropped by 22% in Charlotte, Canopy Realtor Association’s latest data shows home values increasing across the region as inventory remains tight. Canopy President Tiffany Johannes says areas like Waxhaw, Matthews, Huntersville, Mecklenburg County and Union County all saw median sales prices go up in June.

“[It’s] a result basically of a lack of inventory, which is putting pressure on prices to go up as buyers find ways to find homes,” she said.

Even though she projects sales across the state to continue to decline through the end of the year, she said things are looking up for the start of 2024.

“I am hopeful that we will see, and I think NAR and mortgage broker association Fannie Mae all think interest rates will be down by the end of the year, and start declining as we move into the first and second quarters of 2024” she said. “And that will be a good thing for us.”

She said now might be the time to buy and rent back the [interest] rate ahead of an anticipated selling frenzy next year.

Source link

Related Topics:APP Housing App Top Stories - NC Business Featured housing news north carolina Rachel Loyd VOD

Click to comment

North Carolina

Santa Claus swaps reindeer for alpacas at farm in Waynesville

Published

9 hours ago

December 25, 2024

Press Room

Santa Claus swaps reindeer for alpacas at farm in Waynesville

WAYNESVILLE, N.C. — At Winchester Creek Farm, Santa Claus traded in his traditional reindeer for alpacas during the farm’s Santa Tour on Monday.

The event offered visitors a unique opportunity to pose for photos with Santa and interact closely with the farm’s animals.

The farm also featured a large mailbox for children to send their letters to Santa. Luanna Baldwin, a mother from Canton, expressed her delight with the experience.

“This was a great outing to take the girls for some Christmas magic,” Baldwin said. “They’ve been asking to see Santa, write a letter specifically, so that was super fun.”

At Winchester Creek Farm, Santa Claus traded in his traditional reindeer for alpacas during the farm’s Santa Tour, which concluded on Monday, Dec. 23.

WLOS via CNN Newsource

In addition to the alpacas, the tour allowed guests to feed and pet various other farm animals. Farm Manager Ashley Edwards highlighted the joy the event brings to visitors of all ages.

“We have people come in who are in their 60s, 70s, and above who have never touched a chicken before, and I’m able to provide that kind of happiness to their hearts to their soul, and I think it’s great,” Edwards said. “This is a memory people aren’t going to forget.”

Winchester Creek Farm has been hosting the Santa Tours for the past six years. Although this year’s event has ended, the farm offers tours throughout the year.

Winchester Creek Farm operates as a year-round working farm, raising animals primarily for the fiber produced by their coats.

SEE ALSO | Schools closed for winter break: Family fun things to do

Featured video is ABC11 24/7 Livestream

Source link

North Carolina

Multiple injuries reported in northeast Charlotte 8-car crash

Published

18 hours ago

December 25, 2024

Press Room

Multiple injuries reported in northeast Charlotte 8-car crash

CHARLOTTE, N.C. (WBTV) – An eight-car crash injured several people and shut down a major interstate on Christmas Eve, the Charlotte Fire Department confirmed.

The crash happened at Interstate 85 North at West W.T. Harris Boulevard. I-85 was shut down by 7:40 p.m. and isn’t expected to reopen before 10:40 p.m.

Of those injured, two were taken to area hospitals, according to Medic.

Crews at the scene said to expect significant delays in the area.

For the latest traffic maps, visit drivenc.gov.

WBTV is working to find out more information. Download the free WBTV News app for the latest updates sent straight to your device.

Source link

North Carolina

How AM radio helped storm recovery efforts in North Carolina

Published

1 day ago

December 24, 2024

Press Room

How AM radio helped storm recovery efforts in North Carolina – CBS News

Watch CBS News

After Hurricane Helene brought devastating flooding to North Carolina, internet and cell phone service were spotty at best. But many were able to coordinate relief efforts and get crucial information out over AM radio. Skyler Henry has the story.