If you'd like an update on the housing market (are you thinking of buying or selling a home?) and how it is affecting Charlotte, NC, read on.

The National Association of Realtors, in light of the recent economic developments, released this statement about the stability of the housing market:

Lawrence Yun, NAR chief economist, said home prices have been moderating. “Median home prices have been moving up and down in a relatively narrow range in many markets, which shows a stabilization trend,” he said. “Markets showing consistent price stability or increases are those with solid labor market conditions, such as in Washington, D.C.; San Antonio; or Fargo, N.D.”


Charlotte can certainly be grouped in with other cities with solid labor markets-there are multiple Fortune 500 companies in Charlotte and our hospital systems, energy and banking centers bring in new people every month.

Read the article regarding the housing market in its entirety: Second Quarter Metro Prices Mixed
.

Also, check out this video from YUN on the AAA credit downgrade:



If you'd like stats or update info on your particular neighborhood or neighborhood of interest, email me at Sarah@SarahMartinHomes.com