Julie Tuggle's (jtuggle) Blog

Unwrapping the Mystery of Those New Mortgage FeesAs if the real estate market weren’t confusing enough, the Federal Housing Finance Agency has implemented new rate schedules. Though the change was announced this January, it took a few months before the industry realized the bottom line: rates wer...

How Buyers Can Succeed In A Changing MarketThe market for Charlotte homes is shifting rapidly, creating both pitfalls and opportunities for home buyers in the months ahead. Analysts disagree on where the market is headed, but it’s clear seismic changes are underway. In February, for the first tim...

Home Prices Trend Down – At LastAfter years of relentless increases, the median price of homes inched downward in February, thanks to the combined efforts of the Federal Reserve and cautious home buyers. This is the first drop in year-to-year home prices since February, 2012, when the market fina...

The Real Estate Times Are A-ChangingThough the Charlotte real estate market is still tilting toward sellers, we’re seeing unmistakable signs of a return to balance. It’s true that home prices continue to rise, but that’s a testament to the strength of the overall economy, continued demand for hou...

Sellers Paying Buyers To Buy Their Homes? That headline would’ve seemed impossible a year ago, but it’s true: the real estate market is finally tilting back toward buyers, and with a vengeance. With concerns about the economy mounting, plus the prospect of escalating rates for home mortgages, it ...

Prices Rise, Sales PlummetEveryone knew the persistent seller’s market and the skyrocketing price of homes couldn’t continue forever, but the reversal of long-lasting trends in the real estate market is startling. We’re reminded of a line from The Sun Always Rises by Ernest Hemingway. Responding ...

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...

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...

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...

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...