Homes for Sale in Stallings NC: Charlotte Suburbs Real Estate Trends
Stallings, NC is an urban community outside of Charlotte. A commute of less than 30 minutes to Charlotte allows residents of Stallings to benefit from the strong financial sector located there. As a result, unemployment in Stallings is lower than the national average and median household incomes are $76,596. Individuals and families interested in purchasing real estate in this town of 13,800 residents should start by understanding market trends in the area.
Market Statistics
Stallings real estate market currently consists of less than 145 living units. Out of the units available on the market, 98% of the units are single family homes.
Over the course of two years, homeowners in Stallings have seen their housing values appreciate as …show more content…
In 2015, the housing market in Stallings experienced a boost due to an increase in demand from homes. More people strategically chose Stallings as a place to call home because of the phenomenal home values.
Stallings real estate market may be a challenge for Millennial first-time home buyers. Millennials have been in the job market a while, but they are just getting to the point of having executive level jobs. Although they have stable incomes, they may not be able to afford homes within the local market. Ultimately, builders will have to increase their new developments or some Millennials will replace their dream of owning a home with living in an apartment. Unfortunately, it’s likely that the cost of renting an apartment will increase as well.
Higher interest rates may reduce the number of potential buyers. The Federal Reserve will raise the interest rate in the first quarter. When interest rates are increased, potential home buyers have to pay more for their homes. Higher interest rates may force some first-time home buyers out of the
Stallings, NC is an urban community outside of Charlotte. A commute of less than 30 minutes to Charlotte allows residents of Stallings to benefit from the strong financial sector located there. As a result, unemployment in Stallings is lower than the national average and median household incomes are $76,596. Individuals and families interested in purchasing real estate in this town of 13,800 residents should start by understanding market trends in the area.
Market Statistics
Stallings real estate market currently consists of less than 145 living units. Out of the units available on the market, 98% of the units are single family homes.
Over the course of two years, homeowners in Stallings have seen their housing values appreciate as …show more content…
In 2015, the housing market in Stallings experienced a boost due to an increase in demand from homes. More people strategically chose Stallings as a place to call home because of the phenomenal home values.
Stallings real estate market may be a challenge for Millennial first-time home buyers. Millennials have been in the job market a while, but they are just getting to the point of having executive level jobs. Although they have stable incomes, they may not be able to afford homes within the local market. Ultimately, builders will have to increase their new developments or some Millennials will replace their dream of owning a home with living in an apartment. Unfortunately, it’s likely that the cost of renting an apartment will increase as well.
Higher interest rates may reduce the number of potential buyers. The Federal Reserve will raise the interest rate in the first quarter. When interest rates are increased, potential home buyers have to pay more for their homes. Higher interest rates may force some first-time home buyers out of the