Charlotte Market Pulse

Patrick Laraway
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A crisp daily briefing on real estate in Charlotte North Carolina. Mortgage rates, mortgage news, neighborhood developments, trends, national real estate news affecting Charlotte, winning formulas for home buyers, and more. If you are buying a house, selling a house or just curious in the real estate market in Charlotte this is your pod. Patrick Laraway American Security Mortgage MLO# 961156 | ASMC NMLS# 40561

  1. 2d ago

    Week Update - June 13th

    ◆Charlotte Market Pulse — Weekly Recap — June 9-13, 2026◆Mortgage Rates Held Steady This Week◆The 30-year fixed rate averaged right around 6.5% for the full week. Started at 6.52% on Monday, dipped slightly midweek, but closed the week holding strong. The Fed remains on pause — no cuts expected through the end of June.◆Top Market Stories That Moved Charlotte This Week◆Charlotte inventory jumped 10.8% from last year. New listings coming online. Pending sales climbed nearly 15%. The market is rebalancing. Charlotte home prices up 2.3% to a median of $435K — modest but steady gains.◆Neighborhood Watch: South Charlotte Leads◆SouthPark, Ballantyne, and Fort Mill are where the action is. Tree-lined SouthPark for the urban lifestyle. Ballantyne for families and schools. Fort Mill for growth and newer construction. These three neighborhoods captured the biggest share of buyer interest this week.◆The Luxury Market is Firing on All Cylinders◆Top 5% of Charlotte (homes over $1M) appreciated 11% year-over-year. That's five times faster than the overall market. High-end buyers and downsizers continue to drive demand in premium neighborhoods.◆Inflation Spikes Push Rates Higher◆Oil prices jumped this week on Iran tensions, pushing inflation expectations up. That pressure kept mortgage rates elevated in the 6.48 to 6.55% range. Energy and inflation remain the biggest wildcards.◆What to Watch Next Week◆Fed commentary on inflation and employment data. If CPI comes in hot on Wednesday, rates could drift higher. Treasury yields will be the real driver. Watch the 10-year — when it moves, rates follow.◆Weekly Takeaway for Buyers and Agents◆Buyers have leverage right now. Inventory is up, sellers are adjusting, and the urgency is gone. If you've been on the fence, conditions favor negotiation. For agents, this is a slower burn — but quality deals are closing. Pricing is settling in. Expect a balanced summer market.

    1 min

  2. 4d ago

    June 10th!

    Charlotte Market Pulse

    2 min

  3. 6d 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

  4. Jun 5

    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

  5. Jun 3

    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

  6. 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

  7. 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

  8. 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
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About

A crisp daily briefing on real estate in Charlotte North Carolina. Mortgage rates, mortgage news, neighborhood developments, trends, national real estate news affecting Charlotte, winning formulas for home buyers, and more. If you are buying a house, selling a house or just curious in the real estate market in Charlotte this is your pod. Patrick Laraway American Security Mortgage MLO# 961156 | ASMC NMLS# 40561

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  • Creator
    Patrick Laraway
  • Years Active
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  • Episodes
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    Charlotte Market Pulse