Put Your Charlotte Housing Costs to Work!

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How to Put Your Housing Cost to Work for You

How to Put Your Housing Cost to Work for You | MyKCM

Your Charlotte and Lake Norman area Realtor wants to keep you informed. Please contact Roby Robertson with any of your Real Estate Questions! Warm weather is upon us and the market will begin to build!!

There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.

The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.

For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases. The full results can be seen in the chart below.

How to Put Your Housing Cost to Work for You | MyKCM

According to the Home Price Expectation Survey, a family who purchased a median priced home this January can expect to gain more than $42,000 over the next five years simply from price appreciation alone.

Bottom Line

Your home is one of the only investments you can live inside as you pay it off over time. If you are ready to use your housing costs to build wealth, let’s get together to discuss how to make your dream a reality.

What’s Going On With Real Estate Bidding Wars?

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What’s Going On with Bidding Wars?

What’s Going On with Bidding Wars? | MyKCM

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for sale cannot satisfy the number of buyers who want to purchase a home.

According to the Cambridge English Dictionary, bidding wars occur when two or more parties repeatedly outbid each other as they compete to purchase something- in this case, a home.

In some areas of the country, first-time buyers have been met with fierce competition throughout their experience. Some have been out-bid multiple times before finally winning a bid on a home to call their own.

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), there is currently a 3.7-month supply of homes for sale.

With the current number of houses listed for sale and the level of demand from buyers, this means it would take 3.7 months for all the homes listed to sell if no additional listings came to market. Any supply number under a 6-month supply is considered a seller’s market. According to NAR, the housing market hasn’t had a 6-month supply of homes for sale since August 2012.

Good News for Buyers

A recent report shows that the percentage of houses sold including a bidding war before settling on a final price decreased from 53% in January of 2018 to 13% this year.

One reason for the decline is an influx of homes being listed for sale. Even though the month’s supply number is not increasing, the number of homes for sale is. The chart below shows the year-over-year change in inventory over the last 12 months.

What’s Going On with Bidding Wars? | MyKCM

As you can see, the number of homes for sale has started to build over the last eight months. Prior to this reversal, inventory levels had fallen for 36 consecutive months when compared to the year before.

Danielle Hale, realtor.com’s Chief Economist, gave some insight into why bidding wars are less common on a local level this year,

“[Last year] you might have been the only listing in your neighborhood, and you could put your home up at a certain list price and you would likely see multiple offers at or above that list price. That tide is turning this year.

It’s going to depend on what neighborhood you’re in, but we expect it to be more common this year that you won’t be the only listing.”

Inventory in the luxury and premium markets (the top 25% of listings in an area by price), is increasing at a greater rate than the starter home market. As the choices buyers have continued to increase, the likelihood of a bidding war will decrease.

Bottom Line

If you are debating listing your house for sale this year, you may not want to wait for additional competition as inventory continues to rise.

4 Reasons to Buy Your Charlotte Area Home in the Spring

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4 Reasons to Buy a Home in the Spring | MyKCM

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Excited To Buy Your Charlotte Area Home?

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Excited About Buying A Home This Year? Here’s What to Watch

Excited About Buying A Home This Year? Here's What to Watch | MyKCM

Here is some information and a place to gather more information as you make this big decision. Feel free to contact us and we will do all we can to help you !

As we kick off the new year, many families have made resolutions to enter the housing market in 2019. Whether you are thinking of finally ditching your landlord and buying your first home or selling your starter house to move into your forever home, there are two pieces of the real estate puzzle you need …Continue Reading

9902 Washam Potts For Sale – Cornelius NC

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View the Tour

Very cute Cornelius home with fantastic fenced in back yard and large garage perfect for the car enthusiast. New carpet installed. Great location close to shopping, restaurants, hospital and interstate. City water hookup is available.

  • Price: $260,000
  • Type: Single Family
  • MLS ID: 346126

Save Thousands of Dollars in Interest on Your Mortgage

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How to Save Thousands of Dollars in Interest on Your Mortgage

How to Save Thousands of Dollars in Interest on Your Mortgage | MyKCM

One of the most common loans you can get to buy a home is a 30-year fixed rate mortgage. If the thought of paying for your home over the course of 30-years seems daunting, here are some easy ways to shorten that term which will actually end up saving you money over the life of …Continue Reading

4 Reasons Why Fall Is A Great Time to Buy Your Charlotte Area Home!

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1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insights report reveals that home prices have appreciated by 6.2% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.1% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have already increased by half of a percentage point, to around 4.5% in 2018. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison, projecting that rates will increase by half a percentage point to around 5.1% by this time next year.

An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage
There are some renters who have not yet purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to build equity in your home which you can then tap into later in life. As a renter, you guarantee your landlord is the person building that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move on with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Do a comprehensive home search at www.RobyRobertson.com

You can get a huge amount of good real estate information here.

4 Reasons To Sell Your Charlotte Area Home

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Is the time still right to sell your Charlotte NC area home? Wondering if you should put your house on the market today? Check out this video for the best reasons to list your house now!

Multiple offers has become the norm and you will do well selling your home. We can help in many ways, just contact us and we will have a no obligation discussion about the market and your home!

Northstone Homes For Sale

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northstone homes for sale

Listings 1 - 17 of 17

12729 Longstock Court -- 5 BR, 3.1 BA
Price: $925,000 (3647 sqft)
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EXP Realty LLC | MLS # 4362204 | Contract
14143 Bramborough Road -- 6 BR, 4.1 BA
Price: $899,000 (5281 sqft)
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Keller Williams Lake | MLS # 4344480 | Contract
16023 Cranleigh Drive -- 5 BR, 3 BA
Price: $850,000 (3233 sqft)
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Keller Williams Lake | MLS # 4356894 | Contract
15540 Northstone Drive -- 4 BR, 2.1 BA
Price: $819,900 (3503 sqft)
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My Dream Home Realty | MLS # 4374469 | Active
15537 Northstone Drive -- 5 BR, 2.1 BA
Price: $800,000 (2700 sqft)
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Howard Hanna Allen | MLS # 4343652 | Active
12004 Cobham Court -- 5 BR, 4 BA
Price: $750,000 (3231 sqft)
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Keller Williams Lake | MLS # 4355400 | Contract
11928 Cupworth Court -- 4 BR, 2.1 BA
Price: $750,000 (3435 sqft)
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Lake Norman Realty, | MLS # 4346528 | Contract
13334 Broadwell Court -- 4 BR, 3 BA
Price: $745,000 (2625 sqft)
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Ivester Jackson | MLS # 4349448 | Contract
12323 Braeloch Court -- 5 BR, 3 BA
Price: $713,895 (2913 sqft)
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Carolina Real Estate | MLS # 4331169 | Active
15815 Lavenham Road -- 4 BR, 2.1 BA
Price: $705,000 (2488 sqft)
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Keller Williams Lake | MLS # 4328417 | Contract
13338 Fremington Road -- 4 BR, 3 BA
Price: $700,000 (2578 sqft)
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COMPASS | MLS # 4345811 | Contract
13312 Fremington Road -- 4 BR, 2 BA
Price: $659,000 (2392 sqft)
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Ivester Jackson | MLS # 4363449 | Contract
16009 Cranleigh Drive -- 4 BR, 2.1 BA
Price: $650,000 (2610 sqft)
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EXP Realty LLC | MLS # 4344485 | Active
13409 Fremington Road -- 4 BR, 2.1 BA
Price: $649,000 (2844 sqft)
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Lake Norman Realty, | MLS # 4310785 | Active
12602 Kemerton Lane -- 4 BR, 2 BA
Price: $589,900 (2297 sqft)
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Keller Williams Lake | MLS # 4356592 | Active
15311 Marsh Field Court -- 5 BR, 4 BA
Price: $573,000 (3052 sqft)
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Keller Williams Lake | MLS # 4372277 | Contract
13614 Cotesworth Court -- 3 BR, 2.1 BA
Price: $535,000 (2009 sqft)
→ More info
Premier Sotheby's | MLS # 4364086 | Contract

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Savvy + Co. Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.
Data updated April 27, 2026

Sellers Start Your Engines: Charlotte Area Real Estate Needs Entries

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Lets Go Racing! Sellers Buckle Up! No need to put off selling your home any longer, the housing market race in Charlotte has sellers in the driver’s seat again.

Charlotte and Lake Norman areas continue to have a shortage of homes available for sale ( and we have BUYERS ), median sales prices of homes are up 8% from a year ago. Multiple offers are becoming common again at all price points, especially in the $150,000 to $300,00 price range.

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The home in Mooresville above sold by Roby Robertson was sold in 2 days.  We had 6 showings in the 1st day and multiple offers.   The selling price was 195,000.

One things to keep in mind, this does not mean “anything goes”. While some homes are being snapped up immediately, others may still sit.  Professional pictures and smart marketing are determines the difference between homes with multiple offers and others that sits on the starting line.

Here are some important tips to keep in mind when selling your home:

  1.  Resist the urge to overprice.  Sellers market does not mean buyers will run to an overpriced home. Savvy buyers and agents will resist to even look at homes that are obviously out of touch.
  2. Make sure your agent hires a professional photographer.  Great pictures from the right angles mean everything online where buyers are looking.
  3.  Stage your home for the market according to the advice of your real estate agent or their staging partner.  Today’s buyers have expectations and requirements on a whole different level than buyers from previous years.  Put you buyers hat on and visualize from there.
  4. Make sure your home is accessible and easy to show.  Keep it ready to show at a moment’s notice and don’t decline showings. It’s a proven formula in real estate: the more showings a property receives, the higher the likelihood of an offer.