“This is the Real Deal. We Have Bottomed Out”
That was the quote by noted Wells Fargo economist, Mark Vitner, when asked about the improving new home sales in the Charlotte area recently. For many of us the comments of an economist don’t really mean much. What does he know about my situation anyway?
This is different this time. Vitner was referring to the fact that options for home buyers are becoming more limited. More and more homes are being bought and some even have multiple offers on them now! Think of it like the big sale at Nordstroms is ending. because their inventory is running low. Either you got there for the sale or you missed out on the opportunity.
Evans Coghill builds homes in Riverwalk, Springfield and Baxter Village. These neighborhoods are specifically called out in this Rock Hill Herald article about increasing new home building and the potential for increasing prices.
Is now the time to sell your old home and, finally, move into a brand new home? Sounds like it might be?