Tuesday, August 3, 2021
In many cities across the country, real estate is hot. Homes are in high demand and selling at a premium. It’s a boon to sellers who often field multiple offers above the asking price and find their homes sold in a day.
For buyers, this presents an ever-growing challenge. Charlotte’s real estate market is white-hot. Inventories are at historic lows which is driving prices up. Interest rates are low, driving demand and prices, but there’s something else at work: investors gobbling up homes and turning them into rentals.
We take a look at the impact of all this on buyers, sellers, renters and realtors and at how long this can last.