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Charlotte's Real Estate Market Is So Hot, Investors Want In, Too

for sale
Chris Miller
/
WFAE

Tuesday, Sept. 14, 2021

In many cities across the country right now, real estate is hot. Homes are in high demand and selling at a premium. It’s a boon to sellers who often field multiple offers above the asking price and find their homes sold in a day.

For buyers, this presents an ever-growing challenge. Charlotte’s real estate market is white-hot. Inventories are at historic lows, which is driving prices up. Interest rates are low, driving demand and prices, but there’s something else at work: investors gobbling up homes and turning them into rentals.

We take a look at the impact of all this on buyers, sellers, renters and realtors and at how long this can last.

This conversation originally aired August 3, 2021.

Guests

Ely Portillo, assistant director of outreach and strategic partnerships, UNC Charlotte Urban Institute

Jonathan Osman, broker and owner of Tryon Realty Partners

Bart Hopper, founder of Hopper Communities, a homebuilder based in Charlotte

Erin Keever is Senior Producer of WFAE's Charlotte Talks with Mike Collins. She has been with the show since joining the station in 2006. She's a native Charlottean.