16 Apr Spring Mortgage News Synopsis
Despite a slip in the rankings, the Queen City remained on the list for “2018 Best Places to Live.” Several towns in the Charlotte metro area are considered among the safest in North Carolina. And, during March, the residential home sales market in the Charleston region experienced a small gain. Here’s more on the mortgage news stories that we are watching:
Despite A Slip, Charlotte Is Still A Desirable Place To Live
An eight-point drop didn’t keep Charlotte out of U.S. News & World Report’s top 25 rankings for “2018 Best Places to Live” in the United States. Charlotte came in at the No. 22 spot with a 6.9 overall score — down from 7.1 in 2017. Factors influencing the score included: desirability dropping from 7.6 to 6.5, value rising from 7.4 to 7.5, the job market staying at 6.7, and net migration ticking up slightly from 8 to 8.1. Each location is rated on cost of living, quality of life, job opportunities and where residents feel the most fulfilled. Data and information from a public survey, the U.S. Census Bureau, the Federal Bureau of Investigation, and the Bureau of Labor Statistics were used to determine rankings.
Safest Cities In North Carolina
The Charlotte region is home to six towns ranked among the top 20 safest places in North Carolina last year. SafeWise, a professional review and comparison website, identified the safest cities in North Carolina after reviewing recent FBI Crime Report statistics and population data for locales with more than 4,000 residents. The local cities on the list were Waxhaw (No. 2), Stallings (No. 6), Davidson (No. 7), Cornelius (No. 13), Huntersville (No. 18) and Mint Hill (No. 19).
Charleston Region Home Sales Saw A Slight Uptick In March
Residential home sales inched back up last month after falling a bit in February. March featured an almost 2% gain in residential real estate transactions, according to the Charleston Trident Association of Realtors. Overall this year, 3,940 homes have sold at a median price of $259,000 in the Charleston region. As of March 31, only 5,118 properties were actively for sale on the Charleston Trident Multiple Listing Service. This is a 12% decrease from the same time in 2017. During March, Charleston County had 864 homes sell with a median home price of $301,796, while Berkeley County had 414 homes sell with a median home price of $207,915, and Dorchester County had 330 homes sell with a median home price of $187,950.
With so much activity in the Carolinas, isn’t it time that you partnered with the best? Our service and communication are top-notch. At Fairway Independent Mortgage of the Carolinas, we treat your real estate customers like you do — with fairness and with their best interests at heart. They are our priority, as is closing loans quickly with no surprises. Let us change how you think about mortgages.
Jensen, Scott. “The Charlotte Region Is Now Home To 6 Of The Top 20 Safest Towns in North Carolina.” Web blog post. Charlotte Stories. 12 April 2018. Web 12 April 2018.
Martin, Jenna. “Charlotte falls on annual ranking of best places to live in the U.S. — here’s why.” Web blog post. Charlotte Business Journal. 10 April 2018. Web 10 April 2018.
Wise, Warren L. “Charleston-area home sales bounce back in March.” Web blog post. The Post and Courier. 10 April 2018. Web 10 April 2018.