Jump to content

atlrvr

The Good News Report

Recommended Posts

good news if you are a seller of residential property in the region not as good if you are a buyer.  Most people taking several months to find homes so start early. 

Sept2020%20Market%20Update-cltREGION-01.png

 

  • Like 1
  • Thanks 1
  • Sad 1

Share this post


Link to post
Share on other sites


16 hours ago, KJHburg said:

good news if you are a seller of residential property in the region not as good if you are a buyer.  Most people taking several months to find homes so start early. 

Wow, some of those numbers are crazy. Not likely to get better quickly, as some building materials like wood and PVC are through the roof in cost right now. The cost of new homes is up several thousand dollars for that reason alone. 

Share this post


Link to post
Share on other sites

Charlotte is both on the top 25 list of places to live and to retire.  Being on both lists shows how desirable it is to live in the Charlotte region.  On the retirement side I would say these factors close to the mountains and the ocean with the negatives of both (cold, snow, hurricanes, higher insurance rates) and great health care and moderate cost of living. 

https://www.bizjournals.com/charlotte/news/2020/10/13/charlotte-among-best-places-to-live-in-new-ranking.html

  • Like 2

Share this post


Link to post
Share on other sites

Good news sublease office space is not piling up like in other cities here in Charlotte.  Lots of sublease space means lower rents for office space which in turns leads to less new office buildings.

Look at Austin and Nashville for example.  Nashville is smaller office market than Charlotte and Austin is roughly the same size. 

https://www.us.jll.com/en/views/snapshots/charlotte-snapshot-10-12

Edited by KJHburg
  • Like 3

Share this post


Link to post
Share on other sites

the ULI and PWC annual real estate report is out and drumroll please Charlotte is in the top 5 cities for real estate all types this year.  Besting us is our rivals Austin, Raleigh Durham (see my post in learning from others about some of their upcoming projects) Nashville,  Charlotte at #4 and Boston rounding out the top 5.  Cover photo goes to uptown Charlotte from 1st Ward Park.   Page 27 is where the rankings are.  Only huge Texas and NC have 2 metros in the top 10 but only NC has two metros in the top 5. 

download your report here

https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html

there is a lot for me to go through and I will review it over the next couple days but it offers good comparison with all our rivals and how we compare nationally in taxes, etc.

 

  • Like 2

Share this post


Link to post
Share on other sites
1 hour ago, KJHburg said:

the ULI and PWC annual real estate report is out and drumroll please Charlotte is in the top 5 cities for real estate all types this year.  Besting us is our rivals Austin, Raleigh Durham (see my post in learning from others about some of their upcoming projects) Nashville,  Charlotte at #4 and Boston rounding out the top 5.  Cover photo goes to uptown Charlotte from 1st Ward Park.   Page 27 is where the rankings are.  Only huge Texas and NC have 2 metros in the top 10 but only NC has two metros in the top 5. 

download your report here

https://www.pwc.com/us/en/industries/asset-wealth-management/real-estate/emerging-trends-in-real-estate.html

there is a lot for me to go through and I will review it over the next couple days but it offers good comparison with all our rivals and how we compare nationally in taxes, etc.

 

one has to love the coinages in these reports.  "Hipsturbia"

  • Haha 1

Share this post


Link to post
Share on other sites

2 hours ago, KJHburg said:

Maybe the Cherokees could buy the land and build a mega casino all lit up after all we are Char-LIT

A casino uptown with a sports book would be awesome.

  • Thanks 1

Share this post


Link to post
Share on other sites

Good news film activity is picking up in the Tar Heel State due to leaving large cities.   In fact a GM commercial was just filmed in the OBX over the new Oregon Inlet Bridge and most car commercials are filmed in LA or San Fran. 

https://www.wfae.org/business/2020-11-19/film-producers-eye-nc-as-pandemic-rages-elsewhere-says-film-office

Tomorrow night on Hallmark the Charlotte filmed "Nashville Christmas Carol" is being shown.    Make it a drinking game if you wish take a swig of something everytime a Charlotte landmark or house is shown.  I think you will see NASCAR Plaza, homes in Cotwold and Huntersville and Blumenthal.  

  • Like 3
  • Haha 1

Share this post


Link to post
Share on other sites
25 minutes ago, KJHburg said:

Good news film activity is picking up in the Tar Heel State due to leaving large cities.   In fact a GM commercial was just filmed in the OBX over the new Oregon Inlet Bridge and most car commercials are filmed in LA or San Fran. 

https://www.wfae.org/business/2020-11-19/film-producers-eye-nc-as-pandemic-rages-elsewhere-says-film-office

Tomorrow night on Hallmark the Charlotte filmed "Nashville Christmas Carol" is being shown.    Make it a drinking game if you wish take a swig of something everytime a Charlotte landmark or house is shown.  I think you will see NASCAR Plaza, homes in Cotwold and Huntersville and Blumenthal.  

They film Nashville Christmas Carol.... In Charlotte? lol

  • Haha 3

Share this post


Link to post
Share on other sites
1 minute ago, Blue_Devil said:

They film Nashville Christmas Carol.... In Charlotte? lol

Yes Charlotte has now doubled for Nashville and NYC in Hallmark films the last 2 years.  The Grand Ole Opry might be located at the Blumenthal for this movie LOL 

hey we are Char-LIT lets remember. 

Get your merch here

https://brandcharlit.com/

and this is not affiliated with KJ Diversified Industries in any way 

 

Edited by KJHburg
  • Like 1

Share this post


Link to post
Share on other sites
6 minutes ago, KJHburg said:

Yes Charlotte has now doubled for Nashville and NYC in Hallmark films the last 2 years.  The Grand Ole Opry might be located at the Blumenthal for this movie LOL 

hey we are Char-LIT lets remember. 

Get your merch here

https://brandcharlit.com/

and this is not affiliated with KJ Diversified Industries in any way 

 

Re-watching homeland was fun, seeing Charlotte though out for the first 5 seasons. 

  • Like 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.