If you need assistance, please call 704-577-9055

Tracy Wanner | Yancey Realty Blog

Monday, April 29, 2019   /   by Tracy Wanner

Existing Homes Sales Slow to Start Spring

Some Highlights:


Existing Home Sales slowed to an annual pace of 5.21 million home sales in March.



Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months.



Median home prices were up 3.8% over last March at $259,400. This marked the 85th consecutive month with year-over-year price gains. ...

Read More

Sunday, January 20, 2019   /   by Tracy Wanner

What is the Cost of Waiting Until Next Year to Buy?

Some Highlights:


The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.



Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019.



CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.



If you are ready and willing to buy your dream home, find out if you are able to! ...

Read More

Thursday, January 17, 2019   /   by Tracy Wanner

LAST CHANCE! HOMES ARE A BARGAIN COMPARED TO HISTORIC NORMS LAST CHANCE!

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase.

The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income it takes to purchase that item today compared to earlier. Let’s look at purchasing a home.

The COST of a home is determined by three major components: price, mortgage interest rate, and wages. The big question? Are we paying a greater percentage of our income toward our monthly mortgage payment today than previous generations? Surprisingly, the answer is no.

Historically, Americans have paid just over 21% of their income toward their monthly mortgage payment.

Though home prices are higher than before, wages have risen ...

Read More

Yancey Realty LLC
Franklin Yancey
2108 S. Blvd Suite 118
Charlotte, NC 28203
704-577-9055

Based on information submitted to the MLS GRID as of 9/22/2021 12:20 AM CST. All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.
Information Deemed Reliable But Not Guaranteed.
This site powered by CINC: www.cincpro.com