Whats Next for The 2025 Housing Market?

Whats Next for The 2025 Housing Market?

Whats Next for The 2025 Housing Market?

The Charlotte housing market has been anything but predictable lately. After years of skyrocketing prices and intense competition, things are finally starting to shift. But what does that mean for you? Whether you’re a homeowner, a prospective buyer, or just someone with a keen interest in real estate, it’s essential to understand the forces at play.

This blog will be your guide to navigating the Charlotte housing market in 2025. We’ll delve into the latest trends, analyze key factors like interest rates and inventory levels, and provide valuable insights to help you make informed decisions.

Get ready to uncover the secrets of the Charlotte real estate scene and discover what the year ahead may hold. Let’s get started!

Looking Back at 2024

Before we dive headfirst into 2025, let’s take a quick glance in the rearview mirror at 2024. Nationally, the real estate market experienced a bit of a slowdown, and Charlotte definitely followed that trend. We saw a noticeable decrease in the number of homes sold compared to the red-hot market of 2021 when seemingly everyone was buying and selling.

But here’s where things get interesting: one of the biggest shifts we observed in 2024 was a steady increase in the number of new listings hitting the market each month. Remember those dramatic interest rate hikes that started back in March of 2022? Well, they finally started to have a real impact on seller behavior. Many homeowners who had locked in those incredibly low mortgage rates were understandably hesitant to sell and take on a new mortgage with a much higher interest rate. It just didn’t make financial sense for a lot of people.

However, as 2024 progressed, we saw more and more of those homeowners decide to bite the bullet and make a move anyway. Life happens, right? People need more space, they need less space, they relocate for jobs, families grow… All those factors that motivate people to move were still in play, even with higher interest rates. This led to that increase in inventory we saw as the year went on.

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What the Experts Predict for 2025

Now, let’s zoom out a bit and see what the experts are saying about the national housing market in 2025. Economists are predicting a few key trends. First, they anticipate an increase in the overall number of homes sold across the United States. This makes a lot of sense, as lower interest rates are expected to entice more buyers back into the market. When it’s more affordable to borrow money, more people can afford to buy homes.

They’re also forecasting a period of more moderate price growth, somewhere around 2% nationally. This is a welcome change from the rapid price increases we saw in recent years. While some appreciation is healthy, double-digit growth isn’t sustainable in the long term.

And finally, the general consensus is that mortgage rates will gradually decline throughout the year. This is probably the most anticipated prediction! Everyone’s hoping to see those rates come down and make homeownership more attainable.

Now, while I think Charlotte will generally align with these national trends, I do believe our market has some unique characteristics that will set us apart and lead to even stronger performance.

Selling A House Shouldn’t be Stressful

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My Predictions for the Charlotte Housing Market

Here’s where I think things get really exciting! I’m predicting that Charlotte will experience a much more significant jump in home sales in 2025 compared to the national average. Why am I so bullish on Charlotte? Well, for starters, Charlotte is simply a hot market! People are moving here from all over the country, drawn by our strong job market, vibrant culture, and excellent quality of life. We have a ton of pent-up buyer demand. Remember all those folks who were essentially priced out of the market when interest rates went through the roof? They’re eager to buy, and as rates begin to fall, they’ll be back in the game with a vengeance.

Plus, we have a lot of homeowners who purchased homes during the pandemic buying frenzy who may now be looking to make a change. Maybe they need more space for their growing family, or perhaps they’re looking to downsize now that the kids have moved out. These “move-up” and “move-down” buyers will add even more fuel to the fire and drive market activity.

Home Prices

When it comes to home prices, I’m confident that Charlotte will continue to outperform the national average. We’re a rapidly growing city with a strong economy, a diverse range of industries, and a fantastic quality of life. People want to live in Charlotte, and that demand will continue to drive prices upward.

While I don’t think we’ll see a return to the double-digit price increases of the past few years, I do anticipate healthy appreciation in the 5-6% range. Charlotte’s desirability and continued growth will help to insulate our market from any significant price corrections.

It’s important to remember that real estate is a long-term investment. While there will always be fluctuations in the market, Charlotte’s strong fundamentals make it a great place to invest in real estate.

Selling A House Shouldn’t be Stressful

There is a pro-active way to sell your home that gets results

Mortgage Rates

Mortgage rates are a huge factor in the real estate market, and I’m watching them very closely. I tend to agree with the experts that we’ll see a gradual decline in mortgage rates throughout 2025. We’ve already seen the Federal Reserve start to lower rates, and I believe that trend will continue. This is good news for buyers!

My prediction is that we’ll see rates settle somewhere in the high 5% to low 6% range by the end of the year. One thing I’ve noticed is that every time mortgage rates dip closer to 6% or even into the 5s, we see a huge surge in buyer activity. So, if you’re thinking about buying, keep a close eye on those rates!

Of course, it’s impossible to predict the future with 100% certainty. There are always unforeseen factors that can influence the market. But based on current trends and expert opinions, I’m optimistic that mortgage rates will continue to trend downwards.

Charlotte’s Growth

I’ve lived in the Charlotte area practically my whole life, and it’s been incredible to witness its transformation firsthand. Charlotte is growing and evolving at an amazing pace, and I truly believe it’s all for the better. Yes, traffic can be a bit of a challenge these days, but that’s a sign of a thriving city!

There are so many exciting things happening in Charlotte: new businesses are opening, cultural attractions are expanding, and fantastic new residential areas are popping up all over the place. From the bustling Uptown area to the charming neighborhoods surrounding the city, there’s something for everyone in Charlotte.

It’s a dynamic city with a bright future, and I’m incredibly optimistic about what lies ahead for Charlotte. I’m proud to call this city home, and I’m excited to see what the future holds.

Connect with Us

Whether you’re a first-time homebuyer, looking to upgrade to a larger space, or ready to downsize for a new chapter in life, the Finngeiger team is here to guide you through the Charlotte real estate market. We have a deep understanding of the local trends, neighborhoods, and the intricacies of buying and selling real estate.

We’re passionate about helping our clients achieve their real estate goals. We believe in building strong relationships with our clients, providing honest and transparent advice, and going the extra mile to ensure a smooth and successful transaction.

So, if you’re thinking about buying or selling a home in the Charlotte area, we encourage you to reach out to us. Give us a call, shoot us a text, or send us an email. We’d love to chat with you, answer any questions you might have, and help you navigate the exciting world of Charlotte real estate.

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Best 55+ Active Adult Communities in the Charlotte NC Area!

Best 55+ Active Adult Communities in the Charlotte NC Area!

Ready to embrace the vibrant and carefree lifestyle you deserve? The Charlotte area boasts a collection of exceptional 55+ active adult communities, each designed to ignite your passions and connect you with like-minded individuals. Imagine spending your days exploring resort-style amenities, from championship golf courses and sparkling pools to state-of-the-art fitness centers and engaging hobby clubs. Forge new friendships while participating in exciting social events, discover new culinary delights at on-site restaurants, and enjoy a maintenance-free lifestyle that allows you to truly savor your golden years. With a variety of communities to choose from, you’re sure to find the perfect haven that caters to your unique interests and desires, all while enjoying the vibrant energy and cultural richness of the Charlotte region.

55+ Active Adult Communities in Charlotte, NC:

1. Trilogy Lake Norman

2. Imagery at Mountain Island Lake

3. Cresswind Charlotte

4. Sun City Carolina Lakes

5. Four Seasons at Gold Hill

6. Regency at The Palisades

 

 

Homes For Sale in Charlotte, NC:

1. Trilogy Lake Norman

Dreaming of a lakeside lifestyle where luxury meets community? Look no further than Trilogy Lake Norman, a 55+ active adult community that redefines resort-style living. Imagine waking up to stunning waterfront views, spending your days exploring miles of walking trails, or perfecting your swing on the championship golf course. This vibrant community offers an unparalleled array of amenities, including a state-of-the-art fitness center, tennis and pickleball courts, and a resort-style pool overlooking the lake. Indulge in delicious cuisine at the on-site restaurant, unwind with a relaxing spa treatment, or catch a live performance at the amphitheater.

At Trilogy Lake Norman, you’ll find more than just a home; you’ll discover a vibrant social scene where friendships flourish and every day feels like a vacation. Join a club, participate in exciting events, or simply relax by the lake and soak up the breathtaking scenery. With its idyllic location, world-class amenities, and a strong sense of community, Trilogy Lake Norman offers a truly exceptional lifestyle for those seeking an active and fulfilling retirement.

Homes for sale in Indian Trial, North Carolina

2. Imagery at Mountain Island Lake

Escape to a world of unparalleled beauty and tranquility at Imagery at Mountain Island Lake, a 55+ active adult community nestled along the shores of this picturesque haven. Imagine waking up to breathtaking waterfront views, spending your days kayaking or paddleboarding on the crystal-clear waters, or simply relaxing on your private patio and soaking up the serenity of nature. With its stunning natural backdrop and resort-style amenities, Imagery offers a lifestyle that feels like a permanent vacation.

Beyond the captivating scenery, you’ll discover a vibrant community filled with opportunities to connect with like-minded individuals. Challenge your neighbors to a friendly game of pickleball, unwind by the resort-style pool, or explore miles of scenic walking trails. With its idyllic location, luxurious amenities, and a strong sense of community, Imagery at Mountain Island Lake provides the perfect setting to embrace an active and fulfilling retirement.

3. Cresswind Charlotte

Picture this: waking up in your dream home at Cresswind Charlotte, a vibrant 55+ community designed for active adults who crave the best life has to offer. Start your day with a refreshing dip in the indoor pool, followed by a friendly pickleball match with your neighbors. Later, join a lively cooking class in the state-of-the-art clubhouse or head out to explore the nearby shops and restaurants. With its prime location just minutes from Uptown Charlotte, you can easily enjoy the city’s cultural attractions and exciting nightlife. At Cresswind Charlotte, every day feels like a vacation, with resort-style amenities, a calendar full of social events, and a welcoming community that makes you feel right at home. Soak up the sun by the outdoor pool, unwind with a massage at the spa, or simply relax on your porch and enjoy the peaceful surroundings. Cresswind Charlotte is more than just a place to live; it’s a lifestyle that embraces fun, friendship, and endless possibilities.

4. Sun City Carolina Lakes

Sun City Carolina Lakes is a vibrant 55+ active adult community that redefines retirement living. Imagine waking up each morning in a picturesque setting, surrounded by pristine lakes, lush greenery, and world-class amenities. Spend your days exploring the community’s two championship golf courses, perfecting your serve on the tennis courts, or taking a refreshing dip in one of the sparkling pools. With its wide array of clubs and activities, from arts and crafts to fitness classes and social gatherings, Sun City Carolina Lakes offers endless opportunities to pursue your passions and connect with like-minded individuals.

Beyond the impressive amenities, you’ll discover a warm and welcoming atmosphere where neighbors become friends and a strong sense of community thrives. Participate in themed events, holiday celebrations, and social gatherings designed to foster connections and create lasting memories. Whether you’re seeking an active lifestyle filled with adventure or a peaceful retreat to relax and unwind, Sun City Carolina Lakes provides the perfect backdrop for your golden years.

Located just minutes from Charlotte, this exceptional community offers the best of both worlds: a tranquil escape with easy access to the city’s vibrant cultural scene, world-class dining, and exciting entertainment options. Embrace the freedom and flexibility of a maintenance-free lifestyle, where you can spend your days pursuing your passions and enjoying the company of friends and family. At Sun City Carolina Lakes, every day feels like a vacation.

 

5. Four Seasons at Goldhill

Escape to a world of Southern charm and vibrant living at Four Seasons at Gold Hill, a premier 55+ active adult community nestled in the heart of Fort Mill, South Carolina. Picture yourself strolling along tree-lined streets, enjoying the company of friendly neighbors, and indulging in resort-style amenities designed to elevate your lifestyle. With its picturesque setting and a wealth of social and recreational opportunities, Four Seasons at Gold Hill offers the perfect blend of relaxation and excitement.

Dive into a world of possibilities with a 12,000 square-foot clubhouse featuring a state-of-the-art fitness center, indoor and outdoor pools, and a spacious ballroom for social gatherings. Unleash your creativity in the arts and crafts studio, challenge your friends to a game of billiards, or simply relax by the pool and soak up the warm South Carolina sunshine. With its diverse range of clubs and activities, from gardening and photography to book clubs and card games, you’re sure to find your niche and forge lasting friendships.

Beyond the community gates, discover the charm of Fort Mill, with its quaint shops, delicious restaurants, and historical attractions. Explore the scenic beauty of nearby Lake Wylie, or take a short drive to Charlotte to experience the vibrant energy of the city. At Four Seasons at Gold Hill, you’ll enjoy the perfect balance of small-town living and big-city convenience, creating a fulfilling and enriching retirement experience.

6. Regency at The Palisades

  • Luxury Living in a Natural Paradise: Imagine waking up to breathtaking views of the Blue Ridge Mountains, surrounded by lush forests and pristine lakes. Regency at the Palisades offers a tranquil escape where you can reconnect with nature and enjoy the serenity of your surroundings.

  • Unleash Your Inner Athlete: Embrace an active lifestyle with Regency’s impressive array of amenities. Tee off on the championship golf course, perfect your swing on the tennis courts, or take a refreshing dip in the resort-style pool. With a focus on wellness and recreation, you’ll have endless opportunities to stay active and engaged.

  • A Vibrant Social Scene: Forge lasting friendships and create a strong sense of community at Regency at the Palisades. Join a club, participate in themed events, or simply enjoy the company of your neighbors at the clubhouse. With a calendar full of social gatherings, you’ll always have something to look forward to.

  • Convenient and Carefree Living: Enjoy the convenience of a low-maintenance lifestyle, where you can leave the worries of yard work and home repairs behind. Regency at the Palisades takes care of the details, allowing you to focus on what truly matters: enjoying your retirement to the fullest.

  • Explore the Best of Western North Carolina: Discover the charm of the surrounding area with its quaint towns, scenic hiking trails, and vibrant arts scene. From exploring local wineries and breweries to attending cultural events and festivals, there’s always something new to discover.

7 Ways To Minimize Unnecessary Costs When Moving

Whatever the reason behind your move, whether you're buying your first home, you’ve got a new job in a different city, or you want to be closer to your loved ones and relatives, among others, relocating is no small venture. There are many factors to consider:...

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7 Ways To Minimize Unnecessary Costs When Moving

7 Ways To Minimize Unnecessary Costs When Moving

Whatever the reason behind your move, whether you’re buying your first home, you’ve got a new job in a different city, or you want to be closer to your loved ones and relatives, among others, relocating is no small venture. There are many factors to consider: finding the time and energy to pack up all your belongings and choosing a reliable moving service to safely transport your items. And while it is exciting, it can also be overwhelming, stressful, and expensive. Moving expenses can get out of control if you don’t plan them out properly.

Trying to save money during your move is not just about reducing costs but also about avoiding unnecessary extra charges. Imagine using part of your hard-earned money to decorate your new home instead of throwing it away on expenses that may be avoidable in the first place. So here’s a bunch of tips to keep costs down from the minute you decide to move right up to moving day itself.

1. Create a moving strategy.

One of the smartest ways to reduce costs when moving is organization. As soon as you get to know you’re going to move, list down all the things you’re supposed to do. Go through your rooms and jot down what you have and what you’re taking with you. If you’ve decided to use a professional moving company, allow enough time to find the best movers and negotiate with them to avail of their services at affordable costs. Lastly, ensure you have a backup plan in place because there is always a chance that your timeline and move-in date could go awry at the last minute.

2. Research and compare the prices of moving companies.

You don’t want to wait until the last minute to look for movers, as you may end up accepting any price quote they give you due to being in a hurry. Be critical and do your research about the reliability of each mover before booking them. Be mindful of red flags, especially those who offer low deals that are too good to be true. Since no two movers quote similar prices, it’s preferable to get in-home estimates from at least three companies. Make sure that the relocation expert performs on-site and in-person cost estimates to make them as accurate as possible. Then compare the moving quotes you receive in terms of these three things: price, services, and terms and conditions. Once you select the right mover that fits your needs and budget, don’t be afraid to ask about discounts and negotiate for a lower price.

3. Read all the fine print.

Once you’ve decided which professional moving company you’re going to hire, make sure to examine the movers’ contracts carefully. Some movers are notorious for hidden fees, so be vigilant and read all the fine print. Take a long, hard look at the extra fees and add-ons attached to your estimate to make sure you’re not being overcharged for something you don’t need. Likewise, don’t forget to consider your insurance and liability options carefully.

4. Choose a cheaper date and time for your move.

Another good cost-saving technique when relocating is to schedule your move during the off-season, if possible. Summer tends to be the busiest season for moving when demand for movers is highest, especially in the months of June, July, and August. Likewise, movers quote high prices during weekends and month-ends since many people move during this period due to being off from work and end of lease or rent contracts. So if you can choose to move during the off-peak season or midweek or mid-month days when demand is typically the lowest, you can avoid paying unnecessarily high charges. Also, movers will be able to completely focus on your relocation job without being in a hurry to move on to the next one. 

5. Purge and declutter your belongings before packing.

If you really want to avoid unnecessary costs when moving, follow this rule: the fewer things you have to take along with you, the less you’ll have to pay. If you declutter before moving, you will also need fewer packing boxes and supplies and cut down on costs if you need to store your items. So get rid of unwanted items—unworn clothing, out-of-date electronics, furniture that won’t fit your new space, etc. —as early as possible to make your life so much easier on moving day. Choose the items suitable for resale, then decide whether to have a local garage sale or sell them online. For those items that don’t sell donating is the way to go.

6. Seek out free moving supplies and pack everything yourself.

Moving supplies, including boxes, tape, and bubble wrap, aren’t cheap! Their cost can add up if you don’t plan ahead and get creative on where you source them. Since you have assessed your belongings, see if there are items in your home that you can use to pack some of your stuff. Using soft furnishings, blankets, towels, clothing, and any other materials to protect your items doubles up as smart packing instead of wasting money on bubble wrap that you are just going to throw away. You can also seek free moving supplies from various stores, online marketplaces, community groups, and friends. Lastly, you should be able to pack most of your things by yourself. If you’re going to consider professional packing services, it would be cheaper if it would only be for special and valuable items such as pianos, antique furniture, paintings, etc.

7. Prepare and disassemble furniture and other bulky items beforehand.

Preparing your large furniture and other bulky items before moving day is also a great way to save on shifting charges. Packers and movers may charge additional prices to dismantle appliances, like refrigerators or air conditioning units. If you know how to do it the right way, you could save on disassembling costs by doing it yourself. But if you don’t have the knowledge and skill, leave it to the pros and book their services in advance. They’ll use the necessary tools and follow proper guidelines to avoid damage to your furniture. Preparing these things ahead of time will be more cost-effective, rather than expecting the team to move items that won’t make it through the door and to disassemble without previously agreeing to it on moving day.

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The Big Question: Should You Move or Renovate?

The Big Question: Should You Move or Renovate?

The last 18 months changed what many buyers are looking for in a home. Recently, the American Institute of Architects released their AIA Home Design Trends Survey results for Q3 2021. The survey reveals the following:

  • 70% of respondents want more outdoor living space
  • 69% of respondents want a home office (48% wanted multiple offices)
  • 46% of respondents want a multi-function room/flexible space
  • 42% of respondents want an au pair/in-law suite
  • 39% of respondents want an exercise room/yoga space

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The decision you make could be determined by factors like:

  1. A possible desire to relocate
  2. The difference in the cost of a renovation versus a purchase
  3. Finding an existing home or designing a new home that has exactly what you want (versus trying to restructure the layout of your current house)

In either case, you’ll need access to capital: the funds for the renovation or the down payment your next home would require. The great news is that the money you need probably already exists in your current home in the form of equity.

Home Equity Is Skyrocketing

The record-setting increases in home prices over the last two years dramatically improved homeowners’ equity. The graph below uses data from CoreLogic to show the average home equity gain in the first quarter of the last nine years:

home equity

Odeta Kushi, Deputy Chief Economist at First American, quantifies the amount of equity homeowners gained recently:

“Remember U.S. households own nearly $35 trillion in owner-occupied real estate, just over $11 trillion in debt, and the remaining ~$24 trillion in equity. In inflation adjusted terms, homeowners in Q2 had an average of $280,000 in equity- a historic high.”

As a homeowner, the money you need to purchase the perfect home or renovate your current house may be right at your fingertips. However, waiting to make your decision may increase the cost of tapping that equity.

If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity. If you decide to move instead and use your equity as a down payment, you’ll still need to mortgage the remaining difference between the down payment and the cost of your next home.

Mortgage rates are forecast to increase over the next year. Waiting to leverage your equity will probably mean you’ll pay more to do so. According to the latest data from the Federal Housing Finance Agency (FHFA), almost 57% of current mortgage holders have a mortgage rate of 4% or below. If you’re one of those homeowners, you can keep your mortgage rate under 4% by doing it now. If you’re one of the 43% of homeowners with a mortgage rate over 4%, you may be able to do a cash-out refinance or buy a more expensive home without significantly increasing your monthly payment.

First Step: Determine the Amount of Equity in Your Home

If you’re ready to either redesign your current house or find an existing or newly constructed home that has everything you want, the first thing you need to do is determine how much equity you have in your current home. To do that, you’ll need two things:

  1. The current mortgage balance on your home
  2. The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To find the current market value of your house, you can pay several hundreds of dollars for an appraisal, or you can contact a local real estate professional who will be able to present to you, at no charge, a professional equity assessment report.

Bottom Line

If the past 18 months have refocused your thoughts on what you want from your house, now may be the time to either renovate or make a move to the perfect home.