Charlotte NC Real Estate Recap

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A crisp daily briefing on Charlotte NC housing: rates, affordability, policy headlines, and market trends—delivered each afternoon in under five minutes. Patrick Laraway American Security Mortgage MLO# 961156 | ASMC NMLS# 40561

  1. 7h ago

    June 8th

    FRED’s latest 30-year fixed mortgage average (June 4) is 6.48%.SouthPark’s Amwins tower moves ahead: 15 stories with office, parking, and up to 250,000 sq. ft. of retail; demolition starts this month.Mooresville rejected a 39‑townhome project near Lake Norman over traffic safety concerns.First‑time buyers are only about 21% of the market, well below the historic 40% norm.The Fed’s full voting committee meets this week, and rate guidance could shift mortgage pricing.

    2 min

  2. 3d ago

    Week of June 5th

    30‑year fixed rates eased to roughly 6.57%–6.58% after a full week of declines.MBA data showed mortgage applications down 2.5% even as rates fell; refis remain up year over year.Pennsylvania advanced a statewide ADU bill, underscoring nationwide policy pushes to add supply.Multiple builders advanced new Charlotte‑area residential projects alongside ongoing apartment development.Huntersville approved the $200M Knox Crossing mixed‑use project with 400+ homes and new retail.Savona Mill’s West End redevelopment will add a 30,000‑sq‑ft food hall plus new apartments and offices.National inventory slipped slightly year over year, reinforcing that supply remains tight.

    4 min

  3. 5d ago

    June 3rd

    FRED’s 30-year fixed rate for the week ending May 28 is 6.53%, while purchase demand is holding up better than last year.Refi activity is cooling as homeowners hesitate to time rates.A new 350-unit apartment community is now leasing in Charlotte’s Optimist Park.Pulte, JPOrleans, and Davidson Homes are advancing multiple Charlotte-area residential projects. Economists expect slower home price growth over the next decade, keeping affordability in focus.

    2 min

  4. Jun 1

    June 1st

    Mortgage rates remain under 7% with 30-year averages around 6.36% and 15-year around 5.71%.A new, still-unnamed neighborhood is taking shape north of NoDa near the Sugar Creek light rail stop.The Excelsior Club site in west Charlotte is seeking rezoning for a $7.8M rebuild plan.Rising credit card and auto delinquencies are adding cost pressure for many households.The Fed is debating new inflation measures, which could influence the timing of future rate cuts.

    2 min

  5. May 29

    Weekly Recap May 29th

    30-year fixed rates hovered between ~6.59% and ~6.65%, with borrower demand still softMortgage applications fell again as refinancing activity cooledCalifornia moved to tighten its starter-home law to reduce local zoning workaroundsCharlotte’s River District advanced plans for 158 new townhome rentalsPineville’s Heritage Pineville project will add 200+ apartments plus retail downtownHuntersville approved the 44-acre Knox Crossing mixed-use development with 400+ homes

    4 min

  6. May 27

    May 27th - Rates Rates Oil

    Mortgage rates remain sensitive to geopolitics; easing Iran conflict could relieve pressure, but volatility persists.Case‑Shiller: home prices up 0.7% YoY, down 0.2% MoM; inflation still outpacing prices, with real values falling.New green card policy proposal could slow immigration-driven housing demand in some markets.Huntersville approves $200M Knox Crossing mixed‑use project with 413 homes plus grocery and commercial space.Brooklyn Village redevelopment in Uptown Charlotte faces foreclosure-related delays and renewed uncertainty.

    2 min

  7. May 22

    Week of May 22nd

    30-year fixed rates opened the week around 6.68%, a nine-month high, and remained volatile amid geopolitical headlines.MBA data showed mortgage applications fell 2.3% and purchase apps dropped 4% as rates pushed into the mid‑6% range.ARM share climbed to 9.6%, the highest since Oct. 2025, as buyers sought lower initial payments.A national trend is emerging of parents helping adult children buy homes as affordability stays tight.Huntersville approved the $200M Knox Crossing mixed‑use project with 413 apartments/townhomes and a grocery anchor.Charlotte rezoned the former Regal Manor Twin site for up to 130 residential units, and Lincoln County approved a $90M Lake Norman-area apartment project.

    4 min

  8. May 21

    May 20th/21st

    Mortgage rates climbed again, with 30-year conforming around 6.77% and jumbo near 6.89% amid higher Treasury yields.HELOC demand is rising as homeowners seek cash without refinancing, while pending sales show only modest improvement.The House passed a bipartisan housing bill targeting large investor purchases while encouraging new construction; Senate action is next.Greystar acquired a site near Charlotte Douglas Airport for the 276-unit Remi West apartment project.Huntersville approved the $200M Knox Crossing mixed-use development with 413 units and major retail.Lincoln County greenlit a $90M Lake Norman-area mixed-use plan with 324 apartments and new commercial space.

    2 min
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A crisp daily briefing on Charlotte NC housing: rates, affordability, policy headlines, and market trends—delivered each afternoon in under five minutes. Patrick Laraway American Security Mortgage MLO# 961156 | ASMC NMLS# 40561

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