Author: Jane Monreal Published: 10:53 PM EST November 15, 2024 Updated: 11:28 PM EST November 15, 2024   CHARLOTTE, N.C. — Analysts have stated another cut in the federal interest rate is not lowering mortgage rates and it's having an impact on the housing market.  David Hoffman of Hoffman Realty in Charlotte told WCNC Charlotte he believes the economy is going to keep moving in the right direction, but inflation is still high. That's going to limit how much movement we'll see in the housing market.  "From 2017 through 2020 inflation was under 2%," Hoffman said. "Then over the last three-and-a-half, four years, it was almost 6% on average." He said although inflation is coming down, about 2.4% in September, the U.S. still has a ways to go to get back to pre-2020 levels. Hoffman said 2.1% is the sweet spot, but it's difficult to get there.  "We have to overcorrect and almost have stagnation, maybe even deflation, to get back to normal," Hoffman said. "What that means for the housing market is until inflation goes back to normal, bonds are not attractive. And until bonds become attractive again, mortgage rates won't come down." He said that's bad news in the short run for prospective homebuyers. "So as long as inflation is above where it needs to be and prices are too high, mortgage rates are gonna stay high," Hoffman warned. "And so that's the bad news in the short run. But the good news is, there's a lot of demand. The good news is the stock market went up 6% in the last week." He said that points to consumer confidence building. "There's a lot of demand that's been pent up," Hoffman said. "Prices starting to come down, probably not low enough, but more and more people are getting off the fence. And so in 2025, I see homes that need work, going lower and lower. And I see homes that are in great condition with low inventory going up." Hoffman said mortgage rates will remain high which isn't likely until late next year, with homebuyers in the $200,000 to 400,000 range feeling the sting of higher rates the most. Still, the Charlotte real estate agent said he expects to see prices coming down because high supply is pushing down demand. "They're like, OK, I'm giving up a 2.75% rate for a 6.5% rate, but the $600,000 on our home is now $550,000," Hoffman explained. "So they're getting a little bit of relief in the lower prices." While the real estate market in the Charlotte area remains competitive, Hoffman said buying or selling a home also depends on your timing. "I think that if you're looking to move in the next two to three years, I would do something," he said. "Now if you're going to be in your home for at least three years, you can wait. But if you want to wait another one or two years, the challenge will be that when you wait for rates to come down, it's because prices have come down. So if you have a home to sell, you don't want to hold on to that and lose your equity just waiting for rates to come down."  Watch the Full Interview      

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Moving to the Metro Charlotte Area: What You Need to Know Considering a move to the Charlotte metro area? You're not alone! With its booming economy, mild climate, and friendly neighborhoods, Charlotte is one of the fastest-growing cities in the United States. Whether you're relocating for work, looking for a more affordable lifestyle, or simply seeking a change of pace, this guide will help you get familiar with everything that makes Charlotte an ideal place to call home. Vibrant Job Market Charlotte is known as a major financial hub, housing the headquarters for several major banks, including Bank of America and Wells Fargo. But banking isn't the only industry thriving here. Charlotte also has a growing tech scene, healthcare, energy, and manufacturing industries. Whether you're looking for corporate opportunities or entrepreneurial endeavors, the city's diverse job market offers plenty of options. For more details on job opportunities in the area, visit [Charlotte Regional Business Alliance].        2.  Affordable Living Compared to other large metro areas like New York, Chicago, or Los Angeles, Charlotte offers a lower cost of living, making it an attractive destination for families, young professionals, and retirees alike. From affordable housing options to lower utility costs, Charlotte lets you stretch your budget further while enjoying all the perks of city living. Learn more about Charlotte's cost of living through this [cost of living calculator]. Beautiful Neighborhoods The Charlotte metro area boasts a variety of neighborhoods, each with its own charm and personality. If you're looking for a walkable, urban feel, neighborhoods like Uptown, Dilworth, or Plaza Midwood might catch your eye. Families often gravitate toward the suburbs like Ballantyne, Matthews, and Huntersville, where you'll find spacious homes, top-rated schools, and plenty of parks. Discover more about Charlotte's neighborhoods at [Charlotte’s Best Neighborhoods Guide]. Top-Rated Schools For families with children, the quality of education is a top priority. The Charlotte area is home to several highly-rated public schools and an array of private and charter school options. Some of the most sought-after school districts include: - Union County: Known for its top-performing schools and family-friendly communities like Waxhaw, Weddington, and Marvin. Check out [Union County Public Schools]. -Cabarrus County: Offers excellent schools in fast-growing areas like Concord and Harrisburg. Learn more about [Cabarrus County Schools]. - Iredell County: A great option for those looking to settle near Lake Norman. Iredell-Statesville Schools serve this area, which includes Mooresville and Troutman. More information can be found at [Iredell-Statesville Schools]. - Fort Mill, SC: Just south of Charlotte, Fort Mill is known for its highly-rated schools and proximity to the city. Visit [Fort Mill School District] for details. - Indian Land, SC: Another South Carolina option, Indian Land offers growing communities with strong schools. You can learn more at [Lancaster County School District]. In addition, Charlotte has access to several private schools and the proximity of excellent higher education institutions like UNC Charlotte and Davidson College, making it a great area for lifelong learning. Explore [Charlotte-Mecklenburg Schools] and other educational options here. Transportation and Accessibility Charlotte's location along major highways like I-77 and I-85 makes it convenient for commuters, whether you’re headed to another part of the metro or traveling out of state. Charlotte Douglas International Airport is a major hub, making it easy to jet-set for business or leisure. Public transportation options, including the expanding light rail system, offer an alternative to driving, especially if you plan to live and work in the city center. For more information on public transit, visit the [Charlotte Area Transit System](https://charlottenc.gov/cats). Outdoor Activities and Recreation Charlotte is a dream for outdoor enthusiasts. With a mild climate, you can enjoy year-round outdoor activities like hiking, biking, and kayaking. Lake Norman, just 20 minutes from Uptown, is perfect for water sports and weekend getaways. Additionally, Charlotte's parks and greenways make it easy to stay active and enjoy nature without leaving the city. Check out [Mecklenburg County Parks & Rec] for details on parks, trails, and recreational programs. Cultural and Entertainment Scene From sports to arts, Charlotte has a lively cultural scene. Sports fans can catch an NFL game with the Carolina Panthers or an NBA game with the Charlotte Hornets. If you prefer arts and entertainment, the city boasts numerous museums, theaters, and live music venues. The NASCAR Hall of Fame is a must-visit for motorsports enthusiasts. Festivals, farmers' markets, and community events keep the calendar full, ensuring there's always something to do. Get a full list of activities and events from [Charlotte's Got A Lot]. Southern Hospitality Meets Urban Convenience Charlotte strikes a perfect balance between the warmth and charm of Southern hospitality and the convenience of a growing urban center. Residents love the friendly, welcoming atmosphere of the city's communities, whether they're attending local events, chatting with neighbors, or getting involved in community initiatives. A Growing Food Scene Charlotte's culinary scene is expanding rapidly, offering a blend of Southern classics and innovative flavors. The city's breweries, BBQ joints, and fine dining options give foodies plenty to explore. With an influx of new residents from all over the country, the food culture here reflects a diverse mix of tastes and cuisines. Explore Charlotte’s best eateries through [Charlotte Agenda’s Restaurant Guide]. At David Hoffman Realty, we’re more than just real estate agents—we’re your neighbors and trusted guides in this exciting journey to make Charlotte your new home. Our team has deep roots in the metro area, with firsthand experience in the neighborhoods, schools, and local amenities that matter most to you. Whether you're searching for your dream home in a family-friendly suburb or seeking an urban retreat in the heart of Uptown, we’ve got you covered. We understand that moving can be overwhelming, but you can count on us to be with you every step of the way. From your first inquiry to handing you the keys, we provide personalized service, expert advice, and genuine care. Our deep knowledge of the market, coupled with a commitment to building real relationships, means that you’ll always have an advocate on your side—whether it's negotiating the best deal or helping you settle into your new community. Moving to Charlotte is an exciting opportunity to experience life in a city that offers both a dynamic urban environment and peaceful suburban options. With a booming job market, affordable housing, excellent schools, and a lively cultural scene, the Queen City is ready to welcome you with open arms. Let David Hoffman Realty help you navigate this important transition with confidence and ease. Contact us today to begin your journey to finding your perfect Charlotte home! Real Estate Redefined: Local Expertise. Genuine Relationships. Proven Success.

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Charlotte, North Carolina, October 1, 2024 – David Hoffman Realty is proud to announce that it has been awarded the prestigious title of #1 Top Workplace 2024 in the small business category by Charlotte Magazine. This recognition, based entirely on employee feedback collected through a confidential survey conducted by Energage LLC, reflects the firm’s ongoing commitment to fostering a supportive, growth-oriented work environment. The survey measures key aspects of the employee experience, including themes like Respect & Support, Opportunities for Growth, and Empowerment to Succeed. It’s these qualities that set David Hoffman Realty apart as a leading workplace in the Charlotte metro area. "Earning a Top Workplaces award is a badge of honor for companies, especially because it comes authentically from their employees,” said Energage CEO, Eric Rubino. “In today’s market, leaders must ensure they’re allowing employees to have a voice and be heard. Top Workplaces do this, and it pays dividends.” David Hoffman Realty has now won the Top Workplaces award for two consecutive years, but this year’s #1 ranking underscores just how special the firm’s culture is. "Winning the Top Workplace award two years in a row—and being recognized as #1 in the small business category—is a testament to the incredible culture we’ve built at David Hoffman Realty. It’s not just about real estate—it’s about people," said David Hoffman, CEO. "Our firm is a family, united by a shared passion for serving our clients and our community. This recognition proves that when you prioritize relationships, growth, and support, success follows naturally. I couldn’t be prouder of our firm and the heart they bring to everything we do." At David Hoffman Realty, the focus is on creating an environment where employees not only feel respected but are also empowered to grow both professionally and personally. The firm’s emphasis on training, support, and opportunities ensures that its agents thrive in their careers while maintaining a healthy work-life balance. This forward-thinking approach has revolutionized the real estate industry and made David Hoffman Realty a place where talent is nurtured, and success is celebrated. This prestigious award is a reflection of the firm’s dedication to cultivating a workplace where every voice matters, and every employee is equipped to succeed. David Hoffman Realty continues to lead by example, demonstrating that when you invest in people, greatness follows. As the #1 ranked small business in the Charlotte metro area, David Hoffman Realty looks forward to continuing its mission of redefining real estate through genuine relationships, local expertise, and proven success.

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Author: Jane Monreal Published: 3:03 PM EDT August 15, 2024 Updated: 7:43 PM EDT August 15, 2024   CHARLOTTE, N.C. — It's been decades since Americans have had to face changes in the way they buy and sell property, according to the National Association of Realtors. The first change deals with the seller and real estate professional, Kevin Sears, president of the National Association of Realtors, told WCNC Charlotte's Jane Monreal. "We will no longer be able to make a unilateral offer of compensation on the multiple listing service, the MLS," Sears said. Sears said that means the seller is still in control. Regarding the seller's agent or realtor, Sears explained, "They are allowed to offer cooperating compensation to the buyer rep, and so now what we need to do, is just navigate through those changes and figure out how we will be able to communicate any offers of compensation that will be made." Home buyers will be most impacted by the second change, he said. "For the buying consumer, the biggest change is that they will be needing to enter into a written agreement with their real estate professional, with their agent, their broker, their realtor," Sears said. "And this agreement will need to clearly articulate the services that will be provided by the professional and the fee that they will be looking to get paid." If the seller is not offering cooperating compensation, the buyer would then have to pay out of pocket for professional services provided. "What we had done, up until this point, is the listing broker would get paid a commission from the seller upon a closed transaction, and then would split that commission with the buyer's broker," Sears said. "And so now, since it's going to be off the MLS, it's just going to be a little different, and we might see the selling consumer paying directly the buyer's broker, but it's all going to be predicated on what happens in the local market and how the consumers and the real estate professionals want that to look." The good news for buyers in the Charlotte area, according to local realtor David Hoffman, of David Hoffman Realty, is it's about to be a buyer's market. "They kind of held off until late spring, because rates are so high," Hoffman said. But with the economy slowing and inflation coming back down, the rate is starting to drop, which has gotten buyers off the fence, he said. "So, you've got supply picking up and rates starting to drop," he added. He said the supply of homes on the market increasing every month, is going to push down demand. "So for buyers, if a buyer can wait, because they need the lower rate, then maybe they should a few more months, maybe even the next year," Hoffman said. "But if they find the right home for their family, and they can afford it, prices have already fallen," adding, "I expect this fall or winter, for supply to go up, will push down demand and you'll see better and better deals." As for sellers, Sears said they are more likely to act quicker following the stock market's recent drop. Hoffman explained, "If it's all ready to sell then you do now for many reasons. One, prices are going to fall. So, they should sell now before comes down more. But secondly, they need to sell now, so they can get the next home. And they don't get stuck waiting." When it comes to the upcoming changes in the real estate industry, the Charlotte realtor said buyers and sellers won't immediately see much of a difference in the fees they pay, although the process might sound different. "That is more impactful in a strong market than a weak one. And you're going to have some sellers that are wondering if they have to pay commission on both sides and they don't have to," Hoffman said. "And so most sellers are still seemingly wanting to work with buyer's agents. But there is going to be occasional buyers, they're going to have to pay the commission or build it into the price." The good news is, it's always been built into the price historically, Hoffman said. "And so if this was a really hot market, like two, three years ago, I could see a lot more sellers saying, 'I don't want to work with a buyer's agent', and the buyer would either have to pay the commission sales, or the listing agent would do both sides and dual agency," he said, adding, "But as the market slows, I see the traditional models coming out where both sides are represented."    

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  Summer and Hiking Go TogetherHere are some of the top hikes in Charlotte and Nearby       Crowders Mountain State Park (Kings Mountain, NC) Crowders Mountain State Park (Kings Mountain, NC): Located only 30 miles west of Charlotte, Crowders Mountain State Park offers a variety of trails catering to all skill levels. From the challenging summit trails of Crowders Mountain to the picturesque Backside Trail, this park is a hiker's paradise. Don't miss out on the breathtaking panoramic views from the summit. Learn more about Crowders Mountain State Park   South Mountains State Park (Connelly Springs, NC) South Mountains State Park (Connelly Springs, NC): Approximately 60 miles northwest of Charlotte, South Mountains State Park is a hidden gem waiting to be explored. With over 40 miles of trails, the park provides ample opportunities for hikers to immerse themselves in its serene beauty. Make sure to hike to the magnificent High Shoals Falls for an awe-inspiring experience. Discover South Mountains State Park   Lake Norman State Park (Troutman, NC) Less than an hour's drive north of Charlotte, Lake Norman State Park offers a scenic retreat with a range of hiking trails. Explore the Lakeshore Trail, a 6.5-mile route hugging the shoreline, or venture into the woods along the Alder and Hicks Creek Trails. Discover nature's wonders and relish the peaceful ambiance. Plan your visit to Lake Norman State Park   Uwharrie National Forest (Troy, NC) Just over an hour's drive east of Charlotte, Uwharrie National Forest beckons with its rugged charm. The Uwharrie Trail, spanning about 20 miles, winds through diverse landscapes and offers breathtaking overlooks and streams along the way. Immerse yourself in the natural beauty and rich history of this remarkable forest. Explore Uwharrie National Forest   Kings Mountain National Military Park (Blacksburg, SC) Located just across the state border, about an hour's drive southwest of Charlotte, Kings Mountain National Military Park offers a unique blend of history and natural splendor. Embark on the self-guided, moderate-level hiking trail to explore the Revolutionary War battlefield. Discover informative markers, monuments, and captivating views of the surrounding landscape. Visit Kings Mountain National Military Park I encourage you to explore these remarkable hiking destinations at your leisure. Please remember to check each park's website for trail maps, current conditions, and any specific guidelines or  before your visit. Prepare for an unforgettable journey, and don't forget essentials such as water, suitable footwear, and sun protection.

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  There are some exciting events and prime spots to watch fireworks in the Metro Charlotte area. Whether you're looking for family-friendly activities or a vibrant display of pyrotechnics, there's something for everyone to enjoy. SkyShow 2024 Date: Thursday, July 4, 2024Time: Game starts at 6:35 p.m. Fireworks Show is after gamePlace: Truist Field, 324 S Mint Street, Charlotte, NCCost: Price of ticket to baseball game variesFeatures: SkyShow 2024 follows the Charlotte Knights game The game starts at 6:35 p.m. Tickets are on sale now, and will most likely sell out. You can also watch the fireworks from Romare Bearden Park, 300 S Church Street, at no cost. Symphony in the Park & Fireworks Freedom Festival at Symphony Park: Head to Symphony Park for the Freedom Festival, a family-friendly event with live music, food trucks, inflatables, and face painting. The evening will culminate in a breathtaking fireworks show set to patriotic tunes. National Whitewater Center 4th of July Celebration The Whitewater Center’s 4th of July Celebration is back! It features two days of yoga and live music. As of now, there will not be fireworks, but we will update if that changes. Live music by Chatham Rabbits Haynes Carll on Monday, and by Dangermuffin and Pigeons Playing Ping Pong on Tuesday. Charlotte Motor Speedway July 2nd, 2024 at Charlotte Motor Speedway Racing, games, giveaways, and one of Charlotte’s most popular fireworks displays! Kids 12 and under get in free. Tickets are $10 for adults.Cook Out Summer Shoot Out Carowinds Celebrate America Fireworks Show Wednesday, July 3 & Thursday, July 4, 2024 | 9:30 PM Make sure to catch Carowinds’ Star-Spangled Nights Fireworks Spectacular, July 3 and 4, as we celebrate Independence Day with a breathtaking patriotic fireworks show on the state line. Experience an unforgettable fireworks display synchronized to the stirring tunes of patriotic music. Perfect for all ages, this fireworks event celebrates the spirit of our nation with a magnificent show of dazzling lights and sound. Town of Harrisburg July 4th Celebration July 3rd and 4th, 2024Harrisburg ParkFireworks BOTH nights, amusements, and live music. Fireworks are scheduled for 9:30 pm.Harrisburg 4th of July Celebration, Schedule of events Town of Matthews 4th of July Celebration Thursday, July 4, 2024Independence Day Celebration5pm-9pmStumptown ParkFood trucks, kids' activities, and patriotic fun!Seaboard Brewing on site20Ride - Zac Brown tribute band, plays 6-9pm City of Gastonia Fourth of July Celebration City of Gastonia Fourth of July Celebration is taking place Tuesday, July 4th, 2023, from 5 to 9:30 p.m., at Rotary Centennial Pavilion, 111 N. South Street, Gastonia. It will feature food trucks, vendors, entertainment, a free KidsZone and fireworks. Fort Mill Independence Day Celebration The Town of Fort Mill, South Carolina, is celebrating Independence Day with a celebration on Wednesday, July 3, 2024, from 6 p.m. to 9:30 p.m. The Fort Mill Independence Day Celebration takes place at Fort Mill Amphitheater at Walter Elisha Park, 345 N. White Street.

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