Charter One Realty Blog - Charter One Realty

How Supply and Demand Can Impact Your Buying and Selling Goals

In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers.

Nationally, Demand Is High and Supply Is Very Low

The latest buyer and seller activity data from the National Association of Realtors (NAR) indicates buyer traffic heavily outweighs seller traffic today, as shown in the maps…

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The #1 Reason To Sell Your House Today

Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.

Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.

Inventory Is at an All-Time Low

Because purchaser demand is so high, the market is running out of available homes for sale. The above-mentioned report states that the current months’ supply of…

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The Perks of Owning More Than One Home

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing:

“As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.”

This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering where they want to live and buying second homes to give them greater flexibility. If you fall in that category, here are just a few of the perks…

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Real Estate Voted the Best Investment Eight Years in a Row

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below):

If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines.

Why Is Real Estate a Great Investment During Times of High Inflation?

With inflation reaching its highest level in 40 years, it’s more important than ever to understand the financial benefits of homeownership. Rising inflation means prices are…

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4 Simple Graphs Showing Why This Is Not a Housing Bubble

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time.

1. Houses Are Not Unaffordable Like They Were During the Housing Boom

The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending standards say a purchaser should not spend more than 28% of their gross income on their mortgage payment.

Fifteen years ago, prices were high,…

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Lowcountry Real Estate Market Report - January 2022

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of historically low mortgage rates. Home sales would’ve been even greater were it not for soaring sales prices and a shortage of homes for sale in many markets, forcing a multitude of buyers to temporarily put their home purchase plans on hold.

Hilton Head & Mainland Real Estate Market Update - January 2022

For the 12- month period spanning February 2021 through January 2022, pending sales in the Hilton Head region were down -3.9 percent overall. Market-wide, inventory levels were down…

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Why It's Worth Getting a Pro to Sell Your Home...Especially in This Market

When you sell your home yourself, it's known as "for sale by owner" (FSBO). With limited inventory and listings spending relatively little time on the market, selling your home yourself may seem like a way to save money. Acting as your own seller's agent sounds appealing, but here are some compelling reasons why you may want to reconsider.

1. Real Estate is a Full-Time Job

Can you rush home every time someone wants to see your home? Can you excuse yourself from a meeting every time your phone rings with a potential buyer? At the end of a long workday, do you have the energy to take advantage of every possible opportunity to market your home? Are you an expert in marketing homes?

Your answer to all of these questions is probably "no." A Real…

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Want Top Dollar for Your House? Now’s the Time To List It.

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

1. Demand Is Very Strong This Winter

A recent article in Inman News explains:

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime…

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Charter One Realty Welcomes Krista Wilson

Krista Wilson Joins Charter One Realty

BLUFFTON, SC, February 2022 – Charter One Realty is pleased to announce that Krista Wilson has joined the company as an Agent, partnering with John Weber and the John Weber Team. Krista and her team bring over 30 years of experience in sales, marketing, and real estate in the Coastal Lowcountry. Krista has joined the company at their Berkeley Hall office located in Bluffton, SC, and can be reached at 912-441-5328 or by email at Krista@thejohnweberteam.com.

Originally from Detroit, Michigan, Krista moved to Hilton Head Island in 1976. She has watched this area grow for the past 45 years and has seen the changes that make the Lowcountry what it is today.

Krista began her career in the Luxury Hospitality…

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Charter One Realty Welcomes Terri Brackenbury

BLUFFTON, SC, February 2022 – Charter One Realty is pleased to announce that Terri Brackenbury has joined the company as an Agent, partnering with Rich Reed and the Lowcountry Specialists team. Terri and her team bring over 30 years of experience in sales, marketing, and real estate in the Coastal Lowcountry. Terri has joined the company at their Promenade office located in Bluffton, SC and can be reached at 570-269-8735 or by email at TerriBrackenbury@CharterOneRealty.com.

Originally from Northeast Pennsylvania, Terri Ann Brackenbury discovered the Lowcountry back in 2009 when she and her husband Dennis decided to rent a home on Hilton Head for the winter to get away from the cold Northeast. After renting for a few more winters on HH, they decided to…

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