Julie Tuggle's (jtuggle) Blog

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Real Estate Broker/Owner - Carolina Buyers Agent - C 10204
RECENT BLOG POSTS
Sales Are Down, Rates Are Up in Cooling Housing MarketHome sales figures continue to drop nationwide, and the Charlotte real estate market is no exception. Buyers must contend with soaring inflation as well as formerly unheard of increases in interest rates. Home mortgages, which long remained at...
11/14/2022
Mortgage rates are up, sales of homes are down Leaves are beginning to fall, but mortgage rates, consumer prices, and home inventories are rising. While the overall economy remains robust, the current inflation rate is squeezing consumers’ budgets, and many are postponing or even giving up on buy...
10/15/2022
Buyers are staying on the sidelinesThe summer of 2022 is shaping up as the Great Reset of the housing market. While the price of Charlotte homes is up from last year, we’re definitely seeing a slow but steady moderation in pricing as potential buyers opt to stay put for the time being. In fact, t...
09/14/2022
Buy Now Or Wait?Last month, we noted one of the early signs of a market correction in the Charlotte real estate market. The most significant indicator was the Federal Reserve’s increase in interest rates. This month, we can report that the housing market is continuing its much-needed cool down. D...
08/23/2022
Fed Rate Increases Cool Down the Housing MarketRising prices and shrinking inventory have mauled the real estate market like a whipsaw for several years. Finally spurred to action by rising inflation, the Federal Reserve took decisive action in June, raising interest rates by three-quarters of a ...
07/20/2022
Is Help On The Way For Home Buyers and Renters?After years of shrinking inventory and skyrocketing prices, the Charlotte real estate market may soon see more positive developments. The Biden administration has proposed measures addressing housing availability and affordability. The proposed plan ...
06/17/2022
A Shrinking Pool Of BuyersPotential homebuyers can’t help but notice that the number of their competitors for Charlotte homes  is shrinking. This is evident in a number of trends, including fewer Google searches for homes for sale, a decreasing number of requests for home tours, a drop in the num...
05/26/2022
The Fed Has SpokenAnd Charlotte home buyers and their agents are listening. The latest Freddie Mac survey reveals the average interest rate on a 30-year mortgage now stands at 3.22%, the highest since May of 2020. With the uptick in inflation, the Fed’s action came as no surprise.What might surpr...
03/22/2022
The Times They Are – What?Many analysts and commentators throughout the real estate industry have half-joked that we’re stuck in Groundhog Day. Like Bill Murray’s Scrooge-like character, buyers and their agents wake up every morning to the same news: Inventory down, prices up. It’s the same for t...
01/20/2022
Times Are Tough for Renters, TooThe Charlotte real estate market remains robust — and challenging. As inventory continues to decline and prices spiral up, the impact on the rental market has been significant. Nationwide, rents have grown more than 10% since early 2020.Charlotte, which has seen st...
11/10/2021
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