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Your video is so good and informational. keep up brother

I see the data and agree but if people took your advice looking at your history going back 3 years people would of sold way to soon. Hard to call tops and bottoms my man

BAC going right back up

Your videos are well done. Adding some modern editing techniques could broaden their appeal and generate more engagement.

Yeah! Wallstreet was buying up all the inventory and paying more than what was being asked for which is how we got all of these crazy high prices! A buyer would be crazy to buy in this current market! If they buy with these ridiculously high prices, when selling later, they will have a ton of negative equity!

I work in the higher end homes all over Charlotte. Haven't had a day of in years. No slow down at all do far. I get to speak to a lot of the buyers. 80% out of state. Medium price of the houses I work on is $2.5m. We did one $8m and one $6.5m last year. I'm not seeing any problems. One house I was working on about a month ago was not sold yet. It was going for around $4m. I was loading up my tools at the end of the day. A couple was walking by. We stared conversing. They're from Boston looking for a place to buy. I invited them in to the house that was being built. Next day the builder told me they put a down. I'm writing here on a house on Lake Norman that I'm working on. Saw the buyer yesterday. From Connecticut. Last example. I was talking to a builder recently. He usually builds $1.5m to $2.5m. He told me he's upping to building $4m next year. Told me the more expensive ones were easier to sell. I see this every day. I've worked with all of the big builders in the city. Not one is complaining about sales. The only thing that can bring us down is if the real estate market crashes across the nation. If people can't sell their overpriced houses in their home town, then they can't come here and dump their money into a custom. I think Charlotte is benefitting a lot by being an underdog in the national real estate scene

Seeing 5.99 with 20% and 760+ credit without any points.

I’m good. Bought 25 yrs ago. Recent buyers are screwed.

I looked it up. Address is 8014 Rowling Dr, Charlotte, NC 28215. Sold in 2021 for $327,000. Now being sold for $415,000. We need a massive, prolonged and deep recession to pop the bubble. The Fed should focus on bringing down shelter costs no matter what happen. I hope they increase, not cut the rates in September.

Still to high

I remember being able to buy a 3 bedroom condo in Charlotte near the University for less than 16000 sixteen thousand dollars in foreclosure in 2008-2009 time frame and nobody was bidding. The prices there now are bubble crazy and will imo eventually collapse.

Most people I know who work in construction are telling me that work has gone down a lot and that prices are going to go down.

Home values are going to collapse. Why? Inventory is rising massively, but we don't see any buyers. Why is that? Well, you have first time home buyers faced with the reality that if they put even 60k down they are looking at 2300+ a month mortages usually. Rates wont fix this because at MOST fed will drop 50 basis points, but even that I doubt will happen. The median of these homes is way too high and the 2nd these cracks start getting larger, a full on panic sale will begin because GenXers and 2020 buyers are going to panic and try to sell at the top. It really sucks for 1st time buyers entering charlottes market, everything is 450k+ and the homes arent even in good condition. Sellers got a hard wake-up call coming Good vid btw.

If I may, back up what u see with number crunching… 1-who is purchasing , corporate etc

Nicest place in the NC mid 450k

I see many flipped houses now sitting on the market in Charlotte. Some flippers got greedy and now price cutting $20K a month in some cases. Some go under contract but come back on market as if the inspection found issues on the flips.

I see many flipped houses now sitting on the market in Charlotte. Some flippers got greedy and now price cutting $20K a month in some cases. Some go under contract but come back on market as if the inspection found issues on the flips.

Any comments on 28110 zip code?

Just wondering are you seeing I buyers and or investors selling aggressively . That’s when I think the snowball effect will kick in.

When the people quit flooding into areas that went crazy the last few years it might look like 2008. Complicating things is the tax increase and massive insurance bumps.

Hey Sasa, thank you for your honest review I want to make several points. I have lived in Charlotte for 21 years and my family and I purchased a home when inventory was great (2012) we have 4k home in a cul-de-sac and our realtor told us we got one of the best deals he had seen at the time. My husband who is a CPA has worked for all of the finance Wells, TIAA not Bank of America but the biggest thing we have learned is that yes they pay well but your weeks end up being 80 to 100 hours week. I wish people knew that before they move into such jobs. And the banks are not the only ones struggling to keep good employees, yes there is jobs just get ready to work if not long hours or three jobs to make ends meet. Back in 2008 I saw about 4-10 go into foreclosures in our custom homes neighborhood. It was shocking but not shocking, people were upside down and we see that is going to happen yet again. The reality is that families need a place to live so what we are seeing a LOT of multiple families living in one house and a bunch of cars parked outside and a lot of complaints about that. Also there is a lot buyer's remorse of those who purchased in a hurry in 2020-2022 and even 2023 thinking they needed to buy. Home ownership comes with a price, it doesn't matter if you buy new or existing, a house always has expenses and that is where a lot new home owner have remorse because the cost of repairs is through the roof. Thank you for sharing this video.

Homes are still at least 30% overvalued and people are already stretched to the max Sellers are going to need to bring prices down at some point, IMO

Haha people who “dated the rate” with a low down payment can’t refinance anyway with no equity , plus the rates haven’t really dropped

If you were telling people NOT to “marry the home and date the rate” 2-3 years ago, you were giving pretty terrible advice. House prices are up a lot since 2021 and now rates are coming back down and those people can refi in the next 1-2 years (assuming their rates were not already low since rates were much lower 3 years ago). So, those people you gave advice to could have bought at a much lower price than current prices. It is hard to go wrong with “marry the house and date the rate”. Rates go down? Awesome! Now you can refi. Rates go up? Thank god you locked in the lower rate! Also, prices don’t have much room to move down. There are HUGE amounts of people just waiting on the sidelines ready to pounce on any lower prices/rates. Not to mention that Gen Z will be entering the housing market soon (the older ones already have). In the next 5 years half of that generation will be in prime starter home age while millennials will be upgrading. Where will all the inventory come from to balance demand? Builders aren’t building fast enough for a whole new generation and most boomers and old gen x folks won’t be dead or in nursing homes yet. All of that AND low interest rates? Ya, prices won’t be down in 3-5 years. Did I mention 40 year mortgages will be mainstream in 5 years? What happens to prices when peoples monthly payments decrease 30% due to longer amortization? People have been crying about affordability and 40 year mortgages will be pushed as the solution. Of course, a 40 year mortgage is stupidity, but that won’t stop people from using them.

There is too much money on the sideline waiting to be deployed. RE will go down but not much, 20% at best.

What number is the normal listings?

Another 2008? lol How about we are going to see in our lifetime what this country has never experienced ever! Sorry Sasa but bog nam pomozi

I see a lot of ppl stretching themselves in the south Charlotte area.

I noticed they are doing the same thing in Ballantyne. All brand new, looks great.

From a realtor’s persepctive…. 2 questions 1- what do you anticipate the area doing with the new buyers comp law now that it is becoming a buyers’ market? 2- are realtors having any luck convincing sellers that it’s not 2022? I still see crazy high priced homes coming on and sitting and sitting

A reckoning is coming for Florida's condo owners as buildings face millions in repairs

I'm stuck looking for 200k within 30 minutes of Charlotte downtown😂. Most are being bought cash by flippers

40 year mortgage is the same as renting

Home prices have gone through the roof! Leaving first time homebuyers and lower income buyers left in the cold! I’m waiting for the correction to buy

You don’t have to sign a buyer’s agreement for open houses

great question about the retention pond. thanks to the person who asked and to your response

Sasa, what’s with the $5k drop in price when it’s been on the market for 60 days? I guess trying to make it relevant again.

I found out the sellers marked a high price but only a week later they decrease it, it is a kind of tricky 😂

Even 30 yr mortgages are considered predatory in some countries. The amount of interest banks would make from 40+ yr mortgages is insane, which is exactly why US banks will jump all over it.

It’s just starting of rolling down… will go further down, 😂

Just moved here from so cal. Not that different in pricing but you do get more so long as you love HOW fees

NC sold so many homes because we were the 3rd most migrated to state in all of the 50. That caused the prices to go up as well. Even with higher prices, the homes are affordable to someone from NY, NJ, or CA. We got so many people that aren't from here, moving here. It is awful. Our culture is getting destroyed in the process but hey we made a buck or two right? Anyway, the migration has slowed down, therefore the buying has slowed down. It's not complicated. If you are from NC, these prices aren't sustainable. Not sure what happens when all the homes in an area are unaffordable to the locals and there is no migration going on. The jobs here don't support these prices. The majority of NC jobs don't support the home prices we are seeing right now. The migration is what shot them up and the migration is what is keeping them high. 500k, 600k, 700k, 800k is cheap to a cash buyer from a blue state because their voting has caused severe inflation where they lived and voted. They ruined their economy and now they are moving here to ruin ours. They brought their homeless, crime, driving, job taking, votes, rudeness, etc with them. Their behaviors aren't going to change. The migration tells me NC is dead and this area is going to look like the rundown areas of CA, NY, and NJ. Couldn't tell you how many developments have cars parked in them and all the tags are from those states. You can't go into ONE neighborhood and not see one of those tags. When we sold our home our realtor said they were going to target advertising to those democrat states. They are being targeted to come here. If I wanted to live in CA, NY, or NJ I would have moved there. I didn't because I don't want to live in a community like that. I don't like the culture. I don't like the voting. I don't like the behaviors or perspectives or else I would be there. It breaks my heart to watch in live action everything I have known since being born be changed for the worse. My son won't get to experience the community I did when I was growing up. It really is sad.

The feds can’t lower rates because it will increase house prices. People with 3% rates won’t sell because they will have to downgrade in house when they buy back in at 7%. I think prices may go down a little bit maybe 5-10% max. Then the Fed will drop rates a tiny bit and boom they will be back to current prices. Welcome to the new normal. This is the DIP to buy. And I don’t see interest rates dropping back to 3-4% for maybe 10 years if ever. Or….Great depression…

Interesting discussion. Also fully agree about the lax buying policies vs other areas. In MA, Title V is required for septic for any sale. That protects the buyer. My brother when buying his home in 2016 with his wife, they ended up with a new septic from the seller since they found issues during that inspection. When we did my purchase, it was optional. Found that really odd and super risky. I also think we're seeing the other side of the values in autos and homes. There's no free lunch. Your value goes up... costs more to replace it. Hello insurance, repair, body shop, parts etc pricing. Just took a while for that stuff to come around and meet the market.

It's so pretty! I also like brick Georgian-style homes.

I’m watching sellers slash prices in Charlotte 50k + and still no one even remotely interested. The correction is well underway and by the time the media confirms it, it will be more than halfway over

Why are the homes there so expensive? It's not like they have good infrastructure or transportation system.

Great info, Sasa! I’d love to collaborate with you. Need a video editor? I'd be happy to edit one video for free so you can see my work. :) Let me know if you are interested.

A house in our East Ballantyne neighborhood sold recently in 48 hours for 15k over asking. Sale was for 630k and this house was built back in 2002 for $195,000. People are still buying at these crazy prices in certain spots.