Housing hurdles: Demand continues to outstrip supply in Charlotte’s residential market
This once-in-a-lifetime housing market has rewritten the rules that govern real estate.
“In real estate, people often say the most important thing is location, location, location,” says Yongqiang Chu, director of the Childress Klein Center for Real Estate at UNC Charlotte. “For housing to be affordable, the most important thing is supply, supply, supply. The only thing we have to battle price is to increase supply, and unfortunately we are not seeing that happening fast enough.”
Inventory…
This once-in-a-lifetime housing market has rewritten the rules that govern real estate.
“In real estate, people often say the most important thing is location, location, location,” says Yongqiang Chu, director of the Childress Klein Center for Real Estate at UNC Charlotte. “For housing to be affordable, the most important thing is supply, supply, supply. The only thing we have to battle price is to increase supply, and unfortunately we are not seeing that happening fast enough.”
Inventory… Read MoreCharlotte Business News – Local Charlotte News | Charlotte Business Journal
