The North Carolina Housing Market Flourishes During the Pandemic
When COVID-19 first took hold of the country in 2020, many predicted that the housing market would have a massive and potentially catastrophic drop. Now almost two full years later, the North Carolina housing market, like many across the country, is experiencing the exact opposite. Many realtors cannot remember a time in which houses moved so quickly. Both new and old builds are in high demand, creating a competitiveness that hasn’t been seen in quite some time. Let’s dive in and take a look at what this could mean for those looking at the North Carolina housing market.
How Did We Get Here?
When the pandemic began almost two years ago, most forecasts concluded that we were likely to see another major recession, something along the lines of what the country experienced in 2008. It seemed the prognosis for the real estate market was bleak, especially with the memories of the Great Recession fresh in everyone’s minds. While assets did take a downturn initially, low interest rates have enticed buyers of all kinds. Now, people are relocating to North Carolina from all over the country. North Carolina as a whole was recently listed as the number 6 state for inbound movers, with major cities such as Charlotte highly ranked in their respective lists for inbound buyers as well. Offering a little bit of everything at a more affordable rate than many comparable northern states, NC seems to catch everyone’s eye at least once.
Several Demographics are Ready to Call North Carolina Home
As we mentioned in previous articles, buyers of all ages are ready to call the Tar Heel State home thanks to all it offers. Charlotte in particular is a thriving location. A prosperous job market combined with seemingly endless recreation help Millennials create their ideal work-life balance, and the various neighborhoods offer options for every lifestyle. Whether buyers prefer a community that makes their commute to Uptown more convenient or being close to green spaces and leisure hotspots, there is a neighborhood for every need. Millennials’ Baby Boomer parents have also been loving southern living, not just as a chance to be closer to their family but because North Carolina provides them easy access to whatever they may want to fill their time with, whether that be beach or mountains, city or country. Lower real estate prices in comparison to other states allow retirees to relocate without compromising their quality of life.
How to Approach NC’s Market as a Prospective Buyer
This influx of new potential owners combined with the current housing demand means that properties are being snatched up, and quickly. Folks in and out of the real estate business have noticed that the current market is not only fast-paced but costly. Many sales are happening within a week of a property hitting the market. One recent home buyer noted that sellers are frequently receiving bids several thousand dollars above the listed asking price, in addition to offering additional bonuses to current owners to further attract them to one potential buyer or another.
While there is competition for buyers, low interest rates on homes offer hope to those who wish to own in North Carolina. These rates allow potential homeowners to buy homes that may have otherwise been out of reach, putting a proverbial floor on the current market. Homes are being sold easily at all price points, and greater flexibility in price is always helpful when on the hunt. With a market moving this quickly, however, it is important that prospective buyers come ready to apply. Finding the perfect home can be a process, but once found it is important to strike while the iron is hot, and having finances and paperwork in order is the key. Being prepared can save a lot of stress and make you the perfect buyer.
If you’re looking for a property in this hot market, Hopper is happy to help fill your needs. With communities in flourishing neighborhoods like the Lower South End, Myers Parkand FreeMoreWest, there is a place for everyone.
What Area Of Charlotte NC Is The Best To Live In?
For the last several years, Charlotte, NC has been ranked as a top city for relocation, and it’s easy to see why. With all of the appeal of a major city coupled with easy access to the mountains, ocean, plus southern charm with the likes of barbecue, sweet tea and sports galore, the Queen City has something for everyone. However, having so many options can cause decision fatigue when you’re trying to pick your next neighborhood, so we’ve broken down some of the best areas to live in Charlotte.
Myers Park
If you are hoping to be just outside of Uptown, the city’s center, you can’t do much better than Myers Park. This iconic Charlotte neighborhood has long been considered one of the best places in the city to reside and showcases a perfect combination of modern amenities and historic charm. This neighborhood offers proximity to upscale eateries, shopping centers, some of the best schools in Charlotte, and parks to fill every need in day-to-day life. Myers Park is also considered a national historic neighborhood and features beautifully preserved architecture from the 1920’s as well as a canopy of oak trees which are over a century old. To top it off, easy access to Freedom Park and a major cycling, walking and running loop allow residents to spend time in nature without ever leaving the neighborhood.
FreeMoreWest
Heading west of the city from Uptown is the exciting FreeMoreWest (FMW) neighborhood. This area is on the rise, with homes, breweries and restaurants that show off Charlotte style at its liveliest. Business owners have been testing the waters with their most exciting ideas coming to life in the neighborhood, giving residents access to all the latest the city has to offer. Many new mixed-use spaces are coming to FMW as well, making it a fantastic option for those who want to live and work just a few minutes outside the city center. This community embraces the work-life balance mentality that so many have been looking for in the last few years by offering everything residents could want close by, right at the intersection of West Morehead Street and Freemore Drive.
South End
Known for the trendy crowd it attracts, South End is not only easily accessible from Uptown by Charlotte’s light rail but full of to-dos. From bright artistic installations to nightlife galore, this historic neighborhood is all about expression. Whether you prefer fine art or artisanal work, there is an attraction for everyone. The Charlotte Rail Trail makes it easy to travel this neighborhood by foot in just over 30 minutes and showcases some of the most beautiful sites in South End over its 3.5 miles. Young professionals frequently relocate to this neighborhood, along with their pets who enjoy being adjacent to Southside park. Taprooms and eateries abound here as well, making it the perfect place to spend time socializing. Luckily, South End is also home to several fitness studios from traditional gyms to rock-climbing spaces, making it easy to justify one more delicious snack.
LoSo (Lower South End)
Another hot Charlotte neighborhood, Lower South End or LoSo is 10 minutes from the north and south ends of Uptown by light rail and is just on the other side of South End. Think of LoSo as South End’s little sister, just as excited to mingle, but on her own terms. Here, you will also find a plethora of adult beverage hotspots for coffee, tea and kombucha as well, sometimes in the same buildings as fitness studios. The neighborhood is still very entertainment-focused and boasts locales that feature SkeeBall, bowling, shuffleboard and more as well as true Biergartens that offer German food to complement the atmosphere. Vintage and antique shops allow residents to fill their homes and closets with trinkets from the past without sacrificing quality, further cementing LoSo as a truly unique neighborhood.
Why Charlotte, NC is #1 Destination for Millennials and Their Baby Boomer Parents
Those who pay attention to real estate trends have known for a while that Charlotte, NC is a market on the rise with Millennials who are chasing their dreams to the Queen City. What’s interesting to note is that now this city is becoming the target for a completely different demographic – their Baby Boomer parents. A recent study found that one quarter of this group is hoping to retire near their children and grandchildren, regardless of what that means for their current life, making them “Baby Chasers.” With Millennials representing the largest group of home buyers and Boomers representing the second largest, the fact that both groups are flocking to Charlotte says something major about the city.
What Brought Millennials
For the past few years, Millennials have shown that their demographic can find a high quality home for a good price in Charlotte. While so many initially came to the city for jobs, they have chosen to stay for the unmatched quality of life. Charlotte, NC offers the convenience and exciting pace of any other city plus a healthy dose of southern comfort which is tough to find in other metropolitan areas. Millennials have moved on from their first apartment to a home purchase in and around Queen City though there are still many who do still choose to rent, keeping Charlotte among the top cities for Millennial renters.
Charlotte also continues to offer Millennials a variety of options for not just entering the job market but advancing, with banking, tech, and everything in between. Add to that the thriving nightlife and sports that have become increasingly popular, and it’s easy to see why Charlotte went from a stop on the corporate ladder to home for so many. As this group ages from young professionals to parents, they will also be able to take advantage of the amazing schools and opportunities for children in and around the city which will likely keep them in the area for the foreseeable future. North Carolina as a whole has become a top state for relocation among Millennials, and Charlotte is one of the cities that provides them the most as they grow their lives there.
…And Why Baby Boomers Followed
Charlotte is ready to offer everything Baby Chasers are looking for – a chance to retire near their children while maintaining the quality of life to which they’ve become accustomed. Charlotte is a fairly unique prospect for both Millennials and Boomers in that they can both come to the city and find a high quality home for a much more affordable price compared to northern metropolitan areas. Oftentimes, Baby Boomers can even pay for their new home with the profits of selling their old one and still have a chunk of change left over. This gives the new buyers the flexibility to start investing in themselves, or the grandkids, now that they are ready to retire.
While both the Southeast and Southwest have been popular destinations generally, Charlotte offers a bit more than many other potential locations for Baby Boomers as well. Not only are these folks able to stay near their family, but Charlotte’s location offers proximity to the Carolina coast, mountains, city, and country, so any impulse can be fulfilled quickly and easily. While in years past retirees have chosen destinations that cater more directly to empty nesters like coastal Florida, it seems that Baby Boomers are hoping to spend more time immersed in their surroundings, not less. Retiring is now a way for this group to develop stronger connections with their communities, and Charlotte is ready for their contribution.
With Charlotte’s amazing neighborhoods like Myers Park, the West End, and the South End, it’s easy to see why buyers of any demographic would be excited to relocate. A booming city with plenty of southern charm, the Queen City is welcoming Millennials and their Baby Boomer parents happily.
Myers Park, Luxury Townhome Living In Charlotte, NC
At Hopper Communities, we are proud of the high-quality homes that we provide to the neighborhoods we serve, and our newest community is no exception. The Nolen, named after the Myers Park architect John Nolen, is a luxury community surrounded by a lush tree canopy to provide peace and quiet while keeping close proximity to all the best that Charlotte has to offer. Adjacent to the Briar Creek Greenway and Little Sugar Creek Greenway, The Nolen was masterfully designed to provide its residents with a serene, park-like environment in the heart of one of America’s fastest-growing cities, Charlotte, North Carolina. While only seven units are available in the first phase, there will soon be 27 beautiful homes in The Nolen of the beautiful Myers Park neighborhood. Let us show you what makes us so excited about this project.
Amenities That Just Make Sense
When The Nolen was first thought into being, we wanted to design luxury city homes inspired by English cottage design in the heart of Myers Park, and we believe we have done just that. The contrasting light stone and dark brown wood exteriors belie beautifully modern and exquisitely planned interiors. Each home has commercial grade appliances throughout, which are complemented in the kitchen by the expansive island, quartz countertops, full overlay cabinets with soft close and full extension slides as well as a spacious pantry and porcelain tile backsplash. In both the kitchen and bathrooms, you can find Delta plumbing fixtures to ensure the highest quality water use, and each primary bathroom is spa-inspired. Each of these 3-4 bedroom homes also offers 10-foot high ceilings on the main floor, and certain floor plans include the option to add an elevator to assist in accessibility for yourself or your guests. Every unit also has a private outdoor living space with either a balcony, ground-floor patio, or an expansive rooftop terrace to take in the neighborhood from the comfort of your home. Should your view inspire a trip outside The Nolen, the ground floor has a two-car garage with outlets for electric cars.
More Convenient Than Ever
Getting from your home at The Nolen to all that Charlotte, NC has to offer is simple, as the community’s location was another major consideration when this project was being planned. At Hopper Communities, we know that a great home can quickly go out of the running for house hunters if the neighborhood is not right for the home buyers, so we chose our site wisely. In the heart of Myers Park, The Nolen is conveniently located near some of the best spots in all of Charlotte. Three of the top schools in the Charlotte-Mecklenburg school district- Selwyn Elementary, Alexander Graham Middle and Myers Park High School are the “home schools” of The Nolen and provide incredible opportunities for the children they serve. The community is also within three miles of Carolinas Medical Center, the flagship hospital of Atrium Health, which was ranked number 1 overall in the Charlotte Metro area by U.S. News, as well as being recognized by the organization in 16 types of care. In terms of getting through your to-do list, the Nolen is within walking distance of both Selwyn Avenue Shops and Park Road Shopping Center, and just a couple of miles from SouthPark Mall, making your errands that much easier to accomplish.
The Nolen is a community designed with luxury in mind. From the beautiful design to the accessibility of the surrounding area, there is very little The Nolen does not offer. Tours of our model are now available. Just remember, there are only seven of 27 units available in phase one, so be sure to get information now if you’re interested. Feel free to contact our team directly to stay in the know.
Charlotte, NC Living - What’s within driving distance?
When looking for a new home, an important aspect to consider is what you will be able to do and access. While it is so exciting to explore your immediate area, in a city like Charlotte, driving is a necessity that can also open doors to many exciting locations in the south that are perfect for your next getaway. Whether you prefer the mountains or the beach, you can rest easy knowing the number of options available within just a few hours of the city limits.
Kick Back and Unwin[e]d
Whether you’re looking for a one-day vacay with your significant other or a unique escape for a few hours with friends the Charlotte area is home to many local wineries. Lucky for us, the North Carolina climate is ideally suited for all sorts of grapes allowing wineries to offer visitors unforgettable experiences without needing to travel cross-country to Napa Valley. Some of our favorite wineries within a 2-hour drive from the Charlotte area include Veronét Vineyards, Elkin Creek Vinyard, Overmountain Vineyards, and Divine Llama Vineyards…to name a few.
Nature for Miles
Every so often, you just want to get away from it all, and few cities make it easier to escape into the great outdoors. North Carolina is home to several state and national parks that offer every kind of getaway you can think of for whatever budget you see fit. Less than an hour away is beautiful Crowders Mountain and state park, a popular hiking destination with two peaks that are also a hot spot for rock climbers. The Blue Ridge Parkway runs through the state from Virginia and ends in Cherokee, giving you plenty of locations to choose from. Uwharrie National Forest is fantastic for both hiking and photography, with dozens of trails that offer various difficulties.
If you’re looking for a little bit of city with your country, Asheville and Blowing Rock could be perfect for you. Both towns are nestled in the mountains themselves and are great locales for the perfect stay-cation. In Asheville, you are sure to find the perfect drink for you at any one of the several breweries, and the food will help fill you up before or after a long day of trails. Blowing Rock is known for its many artisanal shops full of everything from antiques to artwork, and has a calendar full of outdoor activities such as performance art and festivals of all kinds.
Catch Some Waves
If you prefer the coast to the mountains, Charlotte also has easy access to several beautiful locales. Each spot offers its own unique brand of beach life that keeps thousands of tourists visiting from all over the country each year. From secluded waterfronts to sprawling metropolitan areas, there is a location for every kind of beach-goer. Famous beach towns like Wilmington, Outer Banks, and Emerald Isle litter the North Carolina coast, giving you the chance to get away without leaving the state. Several of these are also home to historical and scientific sites to take a look at the past and present of the state both politically and ecologically.
Wilmington offers the opportunity for not only fun in the sun, but history, as it is the home to the USS North Carolina and Cape Fear Museum of History and Science. The city of Outer Banks is part of the greater Outer Banks area, which covers over 200 miles of islands and peninsulas that truly take you away from it all. Another Outer Banks area town, Emerald Isle, is part of the tourist-friendly Crystal Coast and perfect for the whole family. Finally, Wrightsville Beach is perfect for those who want a quieter beach weekend, with a population under 2,500 as of the 2010 census.
Looking for the perfect home base to take on all these new adventures? Hopper Communities has you covered at South End Terraces or Bryant Park Terraces, both located in some of the most vibrant neighborhoods near Uptown Charlotte.
5 Tips for First-Time Home Buyers
Buying a home is one of the biggest decisions – not to mention largest purchases – that many will make in a lifetime. There’s a lot to consider, including your finances, the type of home you’re looking for and, of course, its location. Especially for first-time buyers, the process can understandably feel overwhelming! Fortunately, with the right knowledge and preparation, you can ensure you’re well-equipped to successfully navigate the home-buying process and end up in a home you love – with both your sanity and your bank account intact. To help get you started, check out our 5 tips for first-time home buyers below.
1. Determine a realistic budget.
The first thing you’ll want to do before expending any energy on a home search is to establish a realistic budget for yourself. No matter how amazing a home may be, if you’re going to end up pinching pennies every month in order to pay the mortgage, you won’t be able to enjoy it! Instead, determine what your monthly costs are (think health insurance, car payments, utilities, groceries, entertainment, savings, etc.) and from there determine how much you can afford to spend additionally on monthly mortgage loan payments. A general rule of thumb from experts is to keep your total housing costs below 30% of your income, but if you’re trying to keep costs low, you can aim to spend even less. Be realistic when considering how a mortgage loan payment will fit into your budget – after all, this number will serve as a guide for the remainder of your home buying process.
2. Pick the right type of house.
Once you’ve established a budget, the fun part begins – finding your new home! A good place to start your home search is by first determining the type of residence that will best suit your needs. For example, if you’re purchasing independently, as part of a couple, or with a kid or two in tow (fur babies included!), a townhouse may be your ideal type of home since it will provide ample space to accommodate your lifestyle. Fortunately, there are a number of options available for beautiful, brand-new townhomes for sale throughout Charlotte! And of course, if you’re single or part of a larger brood, a larger, single-family home or a smaller condo may be a better choice for your home-buying needs. As you consider both your current situation and your future plans, fine-tune your search parameters accordingly to include the right type of house for you.
3. Determine what’s important to you.
When you consider what’s important to you in your first home, luxuries like rooftop terraces or walk-in closets may be among the first items that come to mind. While these are completely valid additions to your list of what’s important, don’t forget to take some of the more practical items into account, as well – things like commute time to work and nearby school districts if you’re moving with kids or planning to start a family in the near future. If you find your dream home but it requires you to spend hours in the car commuting to and from work each day, that’s a tradeoff you may not be willing to make – best to decide this before moving in. Create a list of what’s most important to you and keep it handy as you’re scouting available homes on the market.
4. Location, location, location.
If you spend any time watching HGTV, you know there’s a reason home-flippers will consistently look for the worst home in the best neighborhood – no matter how many stellar renovations are made, location is the one thing you simply cannot change about a home. It’s important to remember you won’t just be spending time in your new home but in the community surrounding it, as well. As you conduct your home search, spend time exploring potential neighborhoods to get a feel for the area and to familiarize yourself with the types of amenities available. Make sure you take into consideration the distance from work – especially during rush hour. Hopper Communities offers a plethora of available homes throughout some of Charlotte’s most connected and sought-after neighborhoods, providing residents with countless options for upscale amenities and things to do. Whether you’re inclined to prefer a more suburban feel or thrive in a bustling metropolis setting, make sure you’re taking into account all the pros and cons of a location before committing to buying a home.
5. Don’t get discouraged.
It’s no secret that it’s a bit of a wild west out there for homebuyers right now, both in Charlotte and across the country. In fact, it’s completely normal for current homebuyers to end up bidding on multiple homes before they have an offer accepted! If you find yourself in a situation where your dream community is currently sold out, it’s important not to be discouraged. An insider tip we’re happy to share: while the market remains competitive, Hopper Communities continues to build top-of-the-line homes in some of the Queen City’s very best locations. What does this mean for first-time homebuyers in Charlotte? An increasingly large selection of homes is becoming available in some of the city’s most desirable locales. If you commit to the process and follow our tips, it’s only a matter of time before you find yourself in the home that’s right for you!
If you’re a first-time homebuyer interested in learning more about homes for sale in Charlotte, please contact us here to learn how we can help you find your dream home in one of our Hopper Communities locations!
The Best Neighborhoods in Charlotte
If you’re considering a move to Charlotte, NC, your greatest challenge may simply be choosing among the many great neighborhoods in which to live! The Queen City offers no shortage of desirable locales to plant roots – whether you seek the very best in outdoor leisure activities, shopping, brewery-hopping or to focus on your fitness, there’s a neighborhood in Charlotte that will feel custom-designed to suit your interests. Join us as we explore three of the city’s very best neighborhoods and highlight some of the places in each that make them great.
Myers Park
Renowned for both its stunning 1920’s architecture and its plethora of high-end shopping, dining and leisure activities, Myers Park is easily ranked amongst the very best neighborhoods in Charlotte. For the avid golfer, Myers Park Country Club is a sought-after destination, renowned for its award-winning golf course. For those keen on shopping and dining, the area is also home to Selwyn Corners, an upscale shopping destination that offers an array of well-curated boutique shops and restaurants. Favorite stops at Selwyn Corners include clothing boutique Monkee’s, featuring an assortment of contemporary clothing, designer shoes and bags, and brand-new culinary gem, The Jimmy, serving up Mediterranean fare inspired by flavors found along the coasts of Italy and France. Opened by esteemed Charlotte chef, Jim Noble (the owner of numerous top-notch restaurants throughout the city), The Jimmy has already established itself as a Myers Park must-do.
We also recommend checking out in Myers Park:
- Ried’s Fine Foods for superior meats, wines, regional provisions, locally grown produce, and seasonally fresh meals & gift baskets.
- Little Sugar Creek Greenway (Connects to Freedom Park and Uptown)
- Proximity to some of the best schools (Myers Park High School, Alexander Graham Middle School, Selwyn Elementary)
- Queens University
- SouthPark Mall
- Park Road Shopping Center
LoSo (Lower South End)
A newer addition to the Queen City’s list of places to find entertainment, Charlotte’s Lower South End neighborhood (or LoSo) is a craft beer connoisseur’s dream. Home to an almost overwhelming number of taprooms, LoSo is the hot spot for those who appreciate a good locally brewed beer – although there are also a generous number of restaurants, shops and fitness facilities in the neighborhood, as well. Easily accessible via Charlotte’s Lynx Light Rail transportation system, residents of LoSo can spend an afternoon embarking on their very own brewery tour – a couple of our favorite stops include Olde Mecklenburg Brewery (Charlotte’s oldest and largest craft brewery and beer garden, known for offering its house brews in a lively setting) and Sugar Creek Brewing Company (offering live music and tasty food alongside their selection of local craft beer and cocktails). And if you find you’ve been over-indulging in the best of Charlotte’s craft beer, head over to Hive Fitness, LoSo’s boutique fitness club offering barre, yoga, personal training and more – just be sure you’ve allowed ample time for the spirits to leave your system before mounting that NEXTcycle bike.
We also recommend checking out in LoSo:
- LoSo Station mixed use development (Coming Soon)
- Queen Park Social
- Red Clay Cider Works
- Thirsty Nomad Brewery
- Brewers at Yancey
- Protagonist Southend
- Chef Alyssa’s Kitchen
Davidson
A short 20-minute drive north of the city of Charlotte, Davidson is a small town with big amenities, offering residents a close-knit community with proximity to a bustling metropolis. Founded in 1837 at the same time as Davidson College, the town of Davidson will naturally appeal to scholars and historians – but don’t count out foodies, art-lovers and anyone that enjoys the small-town charms of a historic college town. Davidson’s quintessential downtown area offers an array of restaurants that will become instant favorites, including Davidson Wine Co (an urban winery and bistro with globally sourced, locally crafted wines paired with delectable bites), Kindred Restaurant (a foodie favorite with seasonal-inspired small dishes featuring contemporary cuisine of the new South) and Flatiron Kitchen + Taphouse (offering fresh, local and house-made dishes that deliver a big-city culinary experience in a small-town neighborhood). The Davidson Farmer’s Market is a must-do every Saturday from 9-noon for locals to pick up their fresh fruits, veggies, meat, dairy and baked goods, in addition to specialty beverages, culinary items – and even health and beauty products! And lastly, Davidson’s adjacency to picturesque Lake Norman means there are endless opportunities for fun on the water, whether enjoyed during a quick day trip or a full-blown weekend getaway.
We also recommend checking out in Davidson:
- Roosevelt Wilson Park
- Shops in Downtown Davidson
- Summit Coffee
- Harbor Club
If you’re interested in moving to any of these amazing neighborhoods, please contact us here to learn how we can help you find your dream home in Charlotte, NC.
2021 Charlotte, NC Real Estate Market Forecast
There’s no question that Charlotte’s real estate market, like real estate markets across the country, felt the impact of the Coronavirus. As uncertainty gripped the nation at the start of the pandemic, nervous sellers and buyers, alike, were tempered in their willingness to engage in real estate transactions. However, as the nation emerges from a long period of isolation, real estate in Charlotte has seen a recent spike in activity. As unemployment rates continue to drop and buyers seek to take advantage of historically low interest rates, the momentum that was initially lost at the start of the pandemic has more than returned. In fact, the 2021 real estate market forecast in Charlotte is red hot! As prices are only expected to rise, now is the time for savvy homebuyers to make a move – both literally and figuratively speaking.
The Lowest Mortgage Rates Seen in Decades
Among the major contributing factors to Charlotte’s strong 2021 real estate market forecast are the historically low interest rates available to homebuyers at this time. Smart buyers are taking advantage of the current mortgage rates – which are the lowest we’ve seen in 50 years – as it’s quite literally the real estate opportunity of a lifetime for today’s pool of prospective buyers. While the low mortgage rates are an upside for homebuyers, it’s important to remember that the record-low interest rates will also continue to boost housing demand – meaning it’s imperative for serious prospective homebuyers to act now before competition further increases and prices go up.
Unemployment Rates are Dropping …
While the unemployment rate in Charlotte still remains higher than it was pre-pandemic, it has drastically improved since the onset of the Coronavirus, with an increasing number of workers returning to work every month. As such, more and more prospective buyers are in a position to purchase a home. And as buyer confidence is being bolstered, it’s only adding to the increase in demand. The 2021 real estate market forecast shows no decline in this trend – meaning that now is the time for buyers to act. Those who delay purchasing a home until 2022 will more than likely pay a higher price.
… While Home Prices are Expected to Rise
It’s no secret that housing demand outweighs supply right now, both in Charlotte and in many other markets across the country. While it may feel tempting for prospective buyers to “wait it out” until there is a drop in buyer demand, the forecast shows that the opposite is expected to happen. Based on recent trends, it’s predicted that demand will only continue to grow, continuously boosting home prices through 2021 and even into 2022. For this reason, those who are on the fence about purchasing a home in 2021 would be wise to pull the trigger – sooner rather than later.
Despite Competition, Charlotte Remains an Affordable, Desirable Place to Live
Despite the somewhat stiff competition amongst home buyers in Charlotte right now, there remain affordable and desirable homes for sale in the Queen City, if you know where to look. Hopper Communities offers an array of brand new townhomes for sale throughout the many historical, vibrant and eclectic neighborhoods in Charlotte, including lively South End, picturesque South Charlotte and the renowned West End, among others. While Charlotte’s real estate market forecast for 2021 is positive and housing demand and prices are only predicted to increase, one thing is clear: now is the time to buy!
Hopper Communities wins the 2021 Builder of the Year Award
Charlotte, NC – June 11, 2021 – Hopper Communities, a local Charlotte townhome developer, received the prestigious Builder of the Year Award by the Home Builders Association of Charlotte at the 36th annual MAME Awards.
The MAME (Major Achievement in Market Excellence) Awards recognizes the exemplary efforts of builders, interior designers, remodelers, architects, marketing experts, and sales associates in the home building industry. This year, over 200 entries were received and judged by a panel of top industry experts.
In addition to Builder of the Year, Hopper Communities also received: Best Logo Design for Uptown West Terraces (Designed by Yellow Duck Marketing) and was a finalist for Community of the Year for the townhome community, Uptown West Terraces.
“I am extremely proud of our team and the hard work among each individual despite rising construction costs and the difficulties faced during 2020. We continued to work hard, build quality homes, and give the best service to our homeowners. We are looking forward to another great year ahead!” Bart Hopper, Founder of Hopper Communities
About Hopper Communities: Founded in 2007, Hopper Communities specializes in developing residential neighborhoods that leave a positive imprint on communities and deliver lasting value to homeowners. Bart Hopper, the company’s founder, has been developing commercial, retail and residential real estate for more than 25 years. Over the past 10 years, Hopper Communities has expanded from its headquarters city of Charlotte to Raleigh, Charleston, S.C., and Austin, Texas.