Thank you for sharing this video! Do you have the info on when a good chunk of those new home builds will be ready for move in and start to impact home appreciation? As in a month/season.
Excellent job, hands down the most informative video on different housing markets. I live in Charlotte (28209) and I agree with your assessment. Another key point happening right now in CLT is the city council is discussing the possibility to allow multi family home development in current single family zoning. You can find move info by searching for the Charlotte 2040 plan. I found your channel because I’m researching Dallas Metro area to potentially move there. This assessment gives me confidence in your Dallas video.
Surprised Huntersville is not a darker pink. Building a home there now and the price increases have been insane. Luckily we locked in a good price at the start of the year. I would guess this area has high % of college degrees and % increase in median salary. I think Huntersville, Cornelius, and Davidson are poised to be a high home cost comparable to South Charlotte.
Just recently discovered this great channel. Thanks for the great content. I was wondering if you have any insights on the housing markets in vecinity of military bases. Will I be right to assume that markets in those areas are different from the rest of the State given the constant movement of people in and out? My particular case is Shaw AFB in Sumter, SC. Just bought a house in Sumter because there were no housing on-post and the rentals off-post were ridiculously high. Thanks in advance for any insights.
I have been watching listing in some of the more desireable neighborhoods in Charlotte (Sedgefield, Eastover, Dilworth, Myers Park, Freedom Park), and there is almost nothing coming on the market in the last month. Do you think this will change in the next 6 months? I am seeing no inventory in these areas and am wondering if the market changes you expect will simply not occur in Charlotte neighborhoods like this?
I think you also need to take into account that Charlotte population growth for the last 10 years when it comes to new permits, 21K now doesn’t necessarily mean it’s overbuilt versus 21K back then 10 years ago.
Love the video, quick question what's the website to look for new construction permit by city? I looked up US Census Beurau couln't find it. Thank you so much!
I am closely following Charlotte mkt and tried few offers as well. From an investor perspective not the best time. Also does by slower rent growth(in comparison) and county rental laws(pro tenant). Prices for 160-180k houses has shot to 220ish...lot of FOMO driven purchases. I feel it may cool down as more inventory loosens up in future. Also a factor is if corporate tax, if it goes up lot of offshoring of IT and back-office work will pick up. Kind of limbo for investors, good time for primary homes.
Check out Gaston county when looking for investment properties. There is a nice mix of properties here and you can still find some great deals. I'm an agent in the area and would be happy to help.
Would love to know about Raleigh. My fiancé and I are in the market to buy and it has been nuts. Her parents bought a home here a year ago, and their $400k home is now appraising for close to $500k. Apple is putting a HQ here, Amazon is opening a new massive DC, and the medical industry here seems to be doing as well as always. We’re seeing more and more out of state plates here, and Zillow never seems to have much inventory available. New developments are selling out of plots before ground has even been broken.
We are looking to buy in Raleigh also to seek better jobs opportunities and I’ve been researching for past few months. Everything you mentioned is correct and the prices for new construction single family homes is insane right now 😱😱😱
We’re seeing a migration we’re people are selling overpriced homes and buying in lesser valued areas. This will cause prices everywhere to move toward their regional median prices
What about huntersville 6 months ago l paid $660,000 for my brick model home 4,840 set feet home.ln Beckett subdivision less than 10 mins from Birkdale village now l want to sell ,but see nothing out there.Want to buy house in harrisburg same square footage that house is $700,000
Tell me what’s going on in Greensboro NC, i have been trying to buy a house but can’t, Greensboro is about an hour away from Charlotte and is the 3rd biggest city in NC
Thanks for the comment! Greensboro, like much of the Southeast US right now, is a very tight market right now. Hard to find much. But I suspect things will get better (aka higher YoY inventory) in the coming months.
@@ReventureConsulting awesome. SC also has a couple of good options as you discussed, Greenville and Columbia. Weather is nice and city is full of young professionals.
Thinking about relocating from New York to Charlotte. I would like to know is it better to build or buy? And the best area not directly in the city and not too far away from downtown. Being from NYC I still need to be around stuff. lol
I'm a real estate agent that moved from NYC last year to Charlotte. Dilworth & NoDa are two areas that have that NYC feel when it comes to an active lifestyle and city vibe. Reach out if you would like more info.
This is the first video I've watched where permits are near mid-2000s levels. Will be really interesting to see how this will develop. I've been very high on large cities in North Carolina in general due to friendly corp tax rate and increasing job market. Didn't consider the permit pulls in Charlotte but that helps explain how home prices have remained relatively affordable when comparing it with other cities.
Sorry to add to own comment but now considering how sensitive that home market may be with permit increases combined with present extremely high lumber prices. Certainly puts home developers in a vulnerable position.
Thanks for the comment Thomas! There aren't many markets that are producing as much now as they were in the mid-2000s. Charlotte is one. Austin, Nashville, and Raleigh are others.
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Undoubtedly the best market analysis channel on YT‼️
Thank you Lado!
Thank you for sharing this video!
Do you have the info on when a good chunk of those new home builds will be ready for move in and start to impact home appreciation?
As in a month/season.
Excellent job, hands down the most informative video on different housing markets.
I live in Charlotte (28209) and I agree with your assessment. Another key point happening right now in CLT is the city council is discussing the possibility to allow multi family home development in current single family zoning. You can find move info by searching for the Charlotte 2040 plan.
I found your channel because I’m researching Dallas Metro area to potentially move there. This assessment gives me confidence in your Dallas video.
Thanks for the comment Juan! Very interesting about the multifamily zoning.
I live in 28217 and there's been tremendous growth in the last few years.
Surprised Huntersville is not a darker pink. Building a home there now and the price increases have been insane. Luckily we locked in a good price at the start of the year. I would guess this area has high % of college degrees and % increase in median salary. I think Huntersville, Cornelius, and Davidson are poised to be a high home cost comparable to South Charlotte.
Just recently discovered this great channel. Thanks for the great content. I was wondering if you have any insights on the housing markets in vecinity of military bases. Will I be right to assume that markets in those areas are different from the rest of the State given the constant movement of people in and out? My particular case is Shaw AFB in Sumter, SC. Just bought a house in Sumter because there were no housing on-post and the rentals off-post were ridiculously high. Thanks in advance for any insights.
Very good analysis. Its pretty consistent with what I have observed so far. Thank you Nick!
Love your content! Please do one for RTP, NC area!!
Thanks Devon! Raleigh is coming soon!
@@ReventureConsulting Wow, I can't wait. Raleigh NC is my hometown. The market is impossible for buyers right now!
@@ReventureConsulting would love to see that as I am shopping for a home there
Another vote for RTP!
@@jackietran6796 he already made the video. Check it out.
I have been watching listing in some of the more desireable neighborhoods in Charlotte (Sedgefield, Eastover, Dilworth, Myers Park, Freedom Park), and there is almost nothing coming on the market in the last month. Do you think this will change in the next 6 months? I am seeing no inventory in these areas and am wondering if the market changes you expect will simply not occur in Charlotte neighborhoods like this?
Very informative, much appreciated!! Can you please do the same analysis for Wilmington, NC?
Another great breakdown. I would love to see a video on Grand Rapids Michigan
Thanks Caleb! I got quite a few ahead of it but will add Grand Rapids to the list.
I think you also need to take into account that Charlotte population growth for the last 10 years when it comes to new permits, 21K now doesn’t necessarily mean it’s overbuilt versus 21K back then 10 years ago.
Interesting to note: Charlotte's inward migration was higher in mid-2000s than it is now!
Yep I live in clt
Great city!
Love the video, quick question what's the website to look for new construction permit by city? I looked up US Census Beurau couln't find it. Thank you so much!
This video was beyond helpful. Thank you
As always great, informative video! Thank you
Thank you Maria!
Great work yet again. Do you have any on the Long Island market consisting of Nassau and Suffolk County?
Thanks again Nick! Gave me a good idea on what to expect!
Glad you enjoyed it Dilip!
I love your local market deep dives. If you could do one for Detroit, I’d very much appreciate it.
Dina
Thanks Dina! I will get to Detroit eventually. Some markets ahead of it though!
Very well explained!
Thanks Santosh!
I am closely following Charlotte mkt and tried few offers as well. From an investor perspective not the best time. Also does by slower rent growth(in comparison) and county rental laws(pro tenant). Prices for 160-180k houses has shot to 220ish...lot of FOMO driven purchases. I feel it may cool down as more inventory loosens up in future. Also a factor is if corporate tax, if it goes up lot of offshoring of IT and back-office work will pick up. Kind of limbo for investors, good time for primary homes.
Thanks for the perspective k k! There is certainly lots of FOMO out there across the country.
Check out Gaston county when looking for investment properties. There is a nice mix of properties here and you can still find some great deals. I'm an agent in the area and would be happy to help.
Would love to know about Raleigh. My fiancé and I are in the market to buy and it has been nuts. Her parents bought a home here a year ago, and their $400k home is now appraising for close to $500k. Apple is putting a HQ here, Amazon is opening a new massive DC, and the medical industry here seems to be doing as well as always. We’re seeing more and more out of state plates here, and Zillow never seems to have much inventory available. New developments are selling out of plots before ground has even been broken.
Raleigh is coming. Expect in 2-3 weeks!
We are looking to buy in Raleigh also to seek better jobs opportunities and I’ve been researching for past few months. Everything you mentioned is correct and the prices for new construction single family homes is insane right now 😱😱😱
Nice content, can we find those graphs online or those are custom graphs?
Thank you! Unfortunately not yet!
spot on. i live in fort mill, sc. town right across state line from charlotte
Good info pretty accurate
The definitive Charlotte video. I'd love a series of best/worst investment region rankings battle it out, maybe presented like a playoff bracket
Great idea!
What tools do you use to analyze these cities?
We’re seeing a migration we’re people are selling overpriced homes and buying in lesser valued areas. This will cause prices everywhere to move toward their regional median prices
What do you think of Asheville's disparity between home prices and availability, wages and the job market?
Please do a deep dive on the Lake Norman Suburb of Charlotte with regard to AirBnB potential. Seems to be amazing!
Great video. Just got an offer accepted after a dozen of failed offers.
Congrats!
What about huntersville 6 months ago l paid $660,000 for my brick model home 4,840 set feet home.ln Beckett subdivision less than 10 mins from Birkdale village now l want to sell ,but see nothing out there.Want to buy house in harrisburg same square footage that house is $700,000
Raleigh NC, and Durham NC Pleaseeeeee!!!!!!
Raleigh coming on Wednesday!
Thank you 💜
New subscriber !!
Tell me what’s going on in Greensboro NC, i have been trying to buy a house but can’t, Greensboro is about an hour away from Charlotte and is the 3rd biggest city in NC
Thanks for the comment! Greensboro, like much of the Southeast US right now, is a very tight market right now. Hard to find much. But I suspect things will get better (aka higher YoY inventory) in the coming months.
Gaston County is showing great growth, has family oriented neighborhoods, and safe compared to Charlotte areas and or Rock Hill, SC high crimes.
We need a CLT vs ATL 🙌🏽
I actually live on the Lake in the Point Community in Mooresville and am considering putting my 4000 Sq ft 4 bedroom home on the AirBnb market
Great!
Maybe you can do a video on Winston Salem
Thanks for the comment! Winston Salem is a bit too small of a market to do one on right now. But maybe I'll do a Carolinas video and touch upon it.
@@ReventureConsulting 😔
love this !
Thanks Eli!
I would love for you to do one on Roanoke Virginia
I actually have a couple good friends there! Unfortunately it's a bit too small of a market for me to cover in one of these videos.
@@ReventureConsulting thanks anyway love you videos
can you also take a look at RTP? (Raleigh)
Coming on Wednesday!
@@ReventureConsulting awesome. SC also has a couple of good options as you discussed, Greenville and Columbia. Weather is nice and city is full of young professionals.
How can you be so young yet so smart and knowledgeable!!
Ah shucks. Thanks! Being a nerd has to count for something, right?
Thinking about relocating from New York to Charlotte. I would like to know is it better to build or buy? And the best area not directly in the city and not too far away from downtown. Being from NYC I still need to be around stuff. lol
Re-sale market is a bit tamer than new construction market right now.
I'm a real estate agent that moved from NYC last year to Charlotte. Dilworth & NoDa are two areas that have that NYC feel when it comes to an active lifestyle and city vibe. Reach out if you would like more info.
You know there are several Charlotte's in the country, eleven. How about stating the state up front so we know what you are talking about???
I wonder what market took that flash crash in jobs in 2017.
Miami. Not quite sure what happened there. Good catch.
This is the first video I've watched where permits are near mid-2000s levels. Will be really interesting to see how this will develop. I've been very high on large cities in North Carolina in general due to friendly corp tax rate and increasing job market. Didn't consider the permit pulls in Charlotte but that helps explain how home prices have remained relatively affordable when comparing it with other cities.
Sorry to add to own comment but now considering how sensitive that home market may be with permit increases combined with present extremely high lumber prices. Certainly puts home developers in a vulnerable position.
Thanks for the comment Thomas!
There aren't many markets that are producing as much now as they were in the mid-2000s. Charlotte is one. Austin, Nashville, and Raleigh are others.
Alright the info is out, but still virtually no affordability for those in place. Housing consumed by a glut of transplants.
Great video! thank you for another amazing analysis!
Thanks Brenden!