It is clear to me that home prices in Charlotte and on the rise due to the lack of inventory (blog post on October 3 rd) and the increase in homes closed. If buyers and sellers are also waiting until the election is decided to make a move they may change the typically slow holiday months for real estate into an active selling season. Or, if they wait until the new year, it could be a balanced market again --- buyers and sellers without a clear negotiating advantage.
I heard yesterday that a local regional builder is raising their prices on ALL of their models at the end of this month. A bold move. Although I don't know the reason for the increase in prices but my guess is labor and material prices are on the rise! Or they are riding the price movement of resales --- a risky move. However, it may cause buyers to jump of the fence and buy. Still a risky move.
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