ncrealtors

The Voice of Real Estate in North Carolina | Promoting Homeownership and Protecting Property Owners' Rights

[ncrealtors @ncrealtors]

A very strong agenda for starting to tackle the housing crisis in NC. #housingavailability #housingaffordability

[M. Nolan Gray 🥑 @mnolangray]

I'm regularly asked, "Where should my community start on zoning reform?" In my latest for @StrongTowns, I list out the six zoning reforms that every city/town in North America should adopt, and provide resources and successful examples: https://t.co/LNl64cCBMK

[ncrealtors @ncrealtors]

Housing supply and price increases hurts mobility, and therefore the overall economy. #housingavailability #housingaffordability https://t.co/BhE1jdcPHP

[ncrealtors @ncrealtors]

Prefab ADUs.

[ncrealtors @ncrealtors]

Venture capital attracted to housing supply solutions. https://t.co/eGUrrv2I5W

[ncrealtors @ncrealtors]

North Carolina is experiencing the same. In migration is driving the housing market here. Prices continue to increase in the face of low supply. https://t.co/UmfP7XS53A

[ncrealtors @ncrealtors]

#supplyanddemand

[Salim Furth @salimfurth]

Abundant housing supply is necessary to achieve affordability...and may be sufficient.

[ncrealtors @ncrealtors]

Especially in much of North Carolina. https://t.co/llHBsAavIN

[Housing Affordability Institute @HousingInst]

Tony Wiener of Cardinal Homes on the supply shortage:

Builders want to build at more affordable price points - thats where the demand is.

The public needs to know that builders want to builder at the lower price points but currently cannot get there.

#housingsummit

[ncrealtors @ncrealtors]

Being priced out of #homeownership will mean long term economic loss for these individuals and families. https://t.co/zFJZWOJCW4

[ncrealtors @ncrealtors]

ADUs are very versatile housing units. One important sector of the population they serve is to allow aging in place for our silver generation. #adu #housingavailability #housingaffordability https://t.co/zmQyhEQhzg

[ncrealtors @ncrealtors]

With our history of hurricane activity, coastal NC will be feeling similar insurance cost pressure. https://t.co/5adkmV3nan

[ncrealtors @ncrealtors]

Wouldn't it be nice if incomes increased 69%? Home prices are rising, not falling. (Demand stays strong.) And we shouldn't expect to see rates fall soon. That leaves us with building more homes. A lot more. #housingavailability #housingaffordability #homeownershipmatters

[Lance Lambert @NewsLambert]

IF U.S. incomes spiked 69%, we'd return to pre-pandemic housing affordability levels.

IF U.S. home prices fell 41%, we'd return to pre-pandemic affordability.

IF mortgage rates fell 4.3 percentage points (from 7.26% to 2.96%), we'd return to pre-pandemic affordability.

[ncrealtors @ncrealtors]

Expect foreign buyers to continue their interest in NC.

[NAR Research @NAR_Research]

Top Destinations of Foreign Buyers:
1. Florida (23% of foreign purchases)
2. California (12%)
3. Texas (12%)
4. North Carolina (4%)
5. Arizona (4%)
6. Illinois (4%)
7. New York (3%)
8. Ohio (3%)
9. Pennsylvania (2%)
10. New Jersey (2%)
https://t.co/N39Z068wwn

[ncrealtors @ncrealtors]

Yes, allowing more housing to be built does moderate price increases. A case study in taming extremely rapid housing inflation from the other side of the world. #housingsupply #housingaffordability https://t.co/hojyHtc4h0

[ncrealtors @ncrealtors]

The focal point of the housing crisis is in your own backyard. https://t.co/a2PespP09o

[ncrealtors @ncrealtors]

Popular areas in the popular state have driven housing prices up dramatically. Costs are continuing to rise. #weneedmorehousing #housingavailability #housingaffordability https://t.co/a1vnEzMuqw

[ncrealtors @ncrealtors]

Increasing housing supply has a ripple effect. https://t.co/OQEpVOhuuy

[ncrealtors @ncrealtors]

At a time when North Carolina home prices continue to rise unabated, Stanly County considers dramatically increasing building costs by increasing minimum lot sizes from .92 acre to 5 acres! Clearly, affordable housing is not a priority. https://t.co/urbFsGZ7Pe

[ncrealtors @ncrealtors]

The good news, NC has some entries in the middle column. The bad news, no NC yet in the third column. We have a lot of work to do if we're going to get ahead of the housing supply crisis in North Carolina.

[Salim Furth @salimfurth]

@JoshFerdelman @mercatus @WNNProHousing @FrontierMontana @Shelter_WF @GovGianforte @ebwhamilton @danbertolet @_NotA_Bot_ @djsteveporter @RandyMoss @Scott_Wiener We counted housing supply legislative wins, big or small (or very small), in 15 states through June 30. This table isn't quite a complete list, but it covers the most common policy types: