Not just here in the Charlotte NC real estate market but across the country.
There are many reasons to be thankful in 2013, one of those reasons are that homes across America have gained back $2.8 trillion over the last two years ($1.9 Trillion this year alone), gaining back 44 percent of the total value that was lost during the recession.
Building on positive momentum that started in 2012 when the housing market bottomed out, 2013, with a combination of low mortgage rates, and an improving economy saw more demand and rising prices.
What does this mean for 2014?
This means that we’re finally off the bottom and headed for continued growth, however, at a slower, much more sustainable rate.
Buyers: with mortgage rates expected to rise, now is the time to start making serious moves towards purchasing a home.
Sellers: The value of your home has increased, demand is back and increasing. This is a great combination for maximizing your homes potential, so why wait!
When it comes to your home and where you live, what are you thankful for, leave us a comment and let us know.
Also, if your looking for a great opportunity to own a home, one of our suggestions is to look into HUD homes. For a FREE guide that can help you immediately, download our HUD Homebuyers Toolkit