Buyers fed up with losing bidding wars are now opting to just sit on the sidelines and wait it out. Charlotte’s housing prices are going down as a result.

CHARLOTTE, N.C. — Charlotte’s housing market can be summed up in one word this summer: crazy!

It’s crazy good for sellers who were getting bidding wars that went way over the asking price, and it’s crazy bad for buyers, who spent more than they intended. But the frenzy may be ending soon, as the fall and winter housing market forecast may include something called “buyer fatigue.”

If you have to move, it’s nice to look and maybe think about it after you’ve seen a property or two. Not now, though, as people have been buying houses sight unseen and paying more than the seller wants. New research shows…

Read more…

Share.

Comments are closed.