According to Spectrum News 1, the real estate market in North Carolina has been attracting a record number of brokers, with a 15 percent increase in the number of individuals looking to become realtors. It notes that while most new real estate agents don’t make even one sale in their first year, some are closing on multiple homes.
The real estate industry in the state has been exceptionally strong. At the end of 2020, it was forecast to continue to set records, and that’s not stopping anytime soon with the increase in demand and low interest rates keeping realtors busy.
Many Attractive Features
There’s a high demand for homes in the Tarheel State thanks to its many attractive features that are positively impacting the market. The job market is booming with a number of large corporations moving to the area, such as Centene Corporation bringing more than 3,000 jobs to Charlotte, leading many to make a move and buy one of the Charlotte houses for sale.
Announcements about companies like Google and Apple moving some of their operations to the Triangle are expected to drive demand even farther where housing is already limited.
North Carolina’s climate is also appealing, a place where residents can enjoy four seasons, yet the winters aren’t as cold as the Northeast, and the summers aren’t as hot as Florida. It’s more affordable too, on everything from insurance to housing. Then there’s the thriving economy, rich culture, open spaces, mountains, beaches, and friendliness of locals that all play a part in making the state so desirable.
The Spotlight
Another factor driving demand is that North Carolina cities like Raleigh, Durham, and Charlotte are routinely showing up on lists of the best places to live. The 2020 National Migration Study conducted by United Van Lines ranked Wilmington as No. 1 for inbound moves among cities in the U.S., while Charlotte-Gastonia was No. 13, and the Greensboro-Winston-Salem area fell in at No. 25. The state overall was No. 6 for inbound moves.
The Ability to Live Anywhere
In the wake of COVID, with the new flexibility of work-from-home policies many employers are offering, more people than ever before have the ability to live almost anywhere of their choosing. Those who’ve made the transition are looking to reap the freedom of ditching high mortgage costs and rents in major cities for more affordable locales like North Carolina.
For many, the idea of retiring to a quiet small town, to the mountains, or the beach, was something they thought they’d have to wait years for, but now, with the right job, it’s possible to move where you want to be now.
Potential Earnings
Real estate brokers will have to be at the top of their game, preparing clients for the likelihood of bidding wars, though the earnings are likely to be worth the effort. With many out-of-state buyers looking to make a move to North Carolina and often willing to pay more, experts say previous real estate records could be shattered.
There has never been a better time to assist future and fellow North Carolinians purchase the home of their dreams while making a good living in the process.
