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Briggs American Homes at Real Broker, LLC Blog

Monday, May 20, 2024   /   by Matthew Lawson

Institutional Investors are Changing the Landscape of Homeownership in America

What’s going on with the real estate industry NAR settlement and interest rates?

This last week has been one wild ride for the real estate industry and I’m here to break down the announcements and shed some light on recent events.

First, on Friday of last week it was announced that the National Association of Realtors (NAR) has agreed to a $418 Million settlement in the case pertaining to collusion amongst real estate agents and the commissions they charge. This case was presented against NAR and others claiming that Realtors have set fixed commission rates and that sellers should not be responsible for compensating a buyer’s broker. The settlement outlines some important changes to the way Realtors can advertise commissions through the MLS and how Realtors representing buyers will need written agreements, all to go in effect in July of this year.

Second, the FOMC announced that it would leave rates alone this past week citing hotter than anticipated consumer index data and in ...

Monday, May 20, 2024   /   by Matthew Lawson

When does the Spring Real Estate Market Start in the Carolinas?

What does this mean will come from the FOMC in their March Meeting?

The trend of all housing market discussions for the last 2 years has been all about mortgage rates. What to expect? When will they drop? Will they ever go back to 2%? Are they going higher? You name it, we’ve read about it or discussed it. In October of 2023 we began to see signs of reprieve with rates dropping from their highest point at 7.79% to 6.6% in January. Now, rates are climbing, reaching 6.9% just last week. The big question now is how has this affected the housing market and what can we expect from here?

First, the housing market has been completely unphased by the rate increase this month, and nearly for the entire year of 2023. With our spring markets underway buyers and sellers are ready to do business. The average days on market in the Charlotte region is down to 20 days in January compared to 26 days in January of ’23. The average sales price has also taken a jump, up $14,450 (3%) to $409,450 in t ...

Monday, May 20, 2024   /   by Matthew Lawson

Expectations and how to Prepare for the 2024 Real Estate Market

And they are Only Growing

The term “institutional investor” wasn’t used frequently in the real estate industry prior to the COVID housing boom of 2020. Now, it’s a term I use almost daily when connecting with my buyer and seller clients about housing. For those of you that don’t know, an institutional investor in the real estate industry is a company that purchases homes for the purpose of investment by turning homes into rental properties. An institutional investor is essentially a large-scale landlord, who today, have become some of the largest holders of Real Estate in the United States.

The large-scale investors have a very simple approach: Purchase real estate in growing and affordable areas and create rental properties to seek returns through rental income and equity growth. This approach has been around for decades, but it’s only recently been applied in such a large scale thanks to companies like Blackstone and Invitation Homes. It’s very important we take note of what th ...

Monday, May 20, 2024   /   by Matthew Lawson

Closing out 2023 and what to Expect in the Year Ahead

A question I get asked often is when is the best time to buy or sell a home? The answer varies for everyone depending on what you’re looking for in your next home, but traditionally speaking the Spring is usually one of the hottest seasons for the real estate industry. There are a lot of factors that go into the decision to buy or sell a home, and time of year can be one of the most important factors based on your needs.

For families, the spring and summer months are traditionally the best time of the year to move due to the traditional school calendar. Traditionally schools release for summer break somewhere between the end of May and go back in session during the middle of August. Families tend to want to make their moves during these months to limit the disruptions to a child’s school year.

The spring also marks one of the best times to move because of the change in temperature and tendency to “spring clean” as the seasons change from colder, shorter days to longer, warmer one ...

Monday, May 20, 2024   /   by Matthew Lawson

FED Holds Rates in December and Projects Future Cuts

The real estate industry across the United States has experienced what can only be described as a wild roller coaster ride over the last 3 years. Here locally in the Charlotte region and across the Carolina’s we’ve weathered the storm a lot better than most of the country, but what’s next?

The year ahead of us is shaping up to be a very interesting one for the real estate industry and it’s time to prepare. Regardless of whether you’re looking to purchase a home, sell your home, or a combination of the two, this guide is designed to help you.  Maybe you’re not looking to do anything this year and just want to know what to expect of the year ahead, we’re here to help.

I want to start by saying that I know hundreds of people, and I’m sure thousands more, that don’t believe what I’m about explain. Regardless of what you believe right now, I implore you to read this article with an open mind and understand that what I’m explaining is based on factual data and is not a sales pitch ...
Briggs American Homes at Real Broker, LLC
Matthew Lawson
5960 Fairview Rd Ste 400
Charlotte, NC 28210

Based on information submitted to the MLS GRID as of 6/18/2024 4:13 PM CST. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
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