According to a recent report in Zillow, Charlotte residential real estate prices in September were among the fastest growing metro markets in the US, behind only Seattle, San Jose, and Vegas, at 9%. Zillow argues that these increases are not related to a bubble but due to shrinking inventory, down 12.3%, and that these increases will continue in 2018 but at a more modest 4%. The CoreLogic Case Shiller index also showed big increases in September up 6.2% year to year. Throw in a business friendly Fed Chair who is expected to follow Janet Yellen’s script, Consumer Confidence at a 17 year high, and new tax policy; 2018 is setting up to be another good year in real estate!
January will also mean exciting changes at Scot Williams Realty as we re-market the company to more accurately reflect my partnership with Ann Wood Holladay. Stay tuned!