✉news BusinessReal Estate first seen 2 d ago, last 2 d ago, peak #12
Charlotte home sales drop 10% as mortgage rates top 7%
Original: Charlotte-area home sales fall 10% in September as mortgage rates top 7%
Home sales in the Charlotte, North Carolina area fell 10% in September compared with the same month last year, according to a report from The Business Journals. The decline comes as mortgage rates climbed above 7%, pricing out many buyers and leaving sellers with a smaller pool of prospects. Higher borrowing costs are being cited as the main factor cooling the region's housing market.
Why now: Mortgage rates crossing 7% are pushing buyers out of the market, making the housing slowdown a timely local concern.
CharlotteNorth Carolina housing marketThe Business Journals
Evidence
- Charlotte-area home sales fall 10% in September as mortgage rates top 7% · The Business Journals
API: https://socialmediatrends-api.osmike.com/v1/trends/3863600