North Carolina Real Estate Highlights
- With an average sale price of $200,603 for the six month period ending in March 2016, North Carolina homes have a median sale price slightly below the average for all states in the U.S.
- Home values in North Carolina are forecasted to grow 3.90%, slower than most states in the U.S., where prices are expected to rise 4.75% on average.
- Low Foreclosure Rate: With 0.73% of homes in foreclosure, North Carolina has a lower foreclosure rate than the United States as a whole.
- Negative Equity Rate Slightly Below Average: 8.16% of homes in North Carolina have negative equity, which is a bit below the average for the United States.
- Delinquency Rate Slightly Lower than Average: Compared to the United States as a whole, North Carolina has a marginally lower mortgage delinquency rate, as only 2.88% of homeowners are reported as being 90+ days behind on their mortgage.
Home Values Expected to Continue Rising
Home values in North Carolina are projected to increase by 3.9% over the next 12 months. Growth is projected to remain roughly the same as it did over the previous twelve months (4.5%).
Falling Percentage of Foreclosures
The most recent foreclosure data for homes in North Carolina shows 0.73% of homes are in the foreclosure process, indicating that a lower percentage of homes tend to be in foreclosure in North Carolina than in the rest of the United States, where the percentage of homes in foreclosure is 1.17%.
Although foreclosures in North Carolina have been decreasing over the past 12 months, the percentage of homes in foreclosure is falling less quickly than they are across the United States as a whole. Homes in foreclosure in North Carolina decreased by15.06% from a year ago, compared to the 22.69% drop seen across the United States.
Home Equity Percentage Increasing
Most recent data shows that the average homeowner in North Carolina owns 36.34% of his or her home, an increase of 3.60% from the same period 12 months ago. Homeowners in North Carolina own a smaller proportion of their homes compared to The United States as a whole, with an average of 42.51% homeownership.
LTV at Origination
The median loan to value (LTV) ratio in North Carolina is 95.00%. This figure, which measures the median mortgage debt to home purchase price ratio at mortgage loan origination, has remained unchanged since last year.
Homes with Negative Equity Decreasing
The most recent data collected for first-lien mortgages in North Carolina shows that 8.16% of homes have negative equity, indicating that a lower percentage of homes tend to have negative equity in North Carolina than in the rest of the United States, where the percentage of negative equity homes is 10.84%.
Although the number of homes with negative equity in North Carolina has been decreasing over the past 12 months, the percentage of negative equity homes is falling less quickly than it is across the United States as a whole. Homes with negative equity in North Carolina decreased by 18.83% from a year ago, compared to the 20.01% drop seen across the United States.
Rising Sale Prices
The average sale price for homes in North Carolina is $200,603, indicating that sale prices tend to be lower in North Carolina than in the rest of the United States, where the average sale price is $263,262.
Although sale prices in North Carolina are on the rise, they are growing more slowly than in the United States as a whole. The average sale price in North Carolina increased by 3.59% from a year ago, compared to 5.72% growth seen across the United States.
Rising List Prices
The most recent median list price for homes in North Carolina is$203,799, indicating that list prices tend to be lower in North Carolina than in the rest of the United States, where the median list price is $247,871.
Although list prices in North Carolina are on the rise, they are growing more slowly than in the United States as a whole. The median list price in North Carolina increased by 6.50% from a year ago, compared to 7.80% growth seen across the United States. [ http://trends.findthehome.com/l/46/North-Carolina ]
List of North Carolina Real Estate Companies:
|Keller Williams Professionals||http://kellerwilliamsasheville.com/||FrontDesk134@kw.com||(828) 254-7253||86 Asheland Ave
Asheville, NC 28801
|Jackson J D Associates Inc||http://firstname.lastname@example.org||(828) 258-2222||190 Merrimon Ave
Asheville, NC 28801
|Investec Realty||http://email@example.com||(828) 273-3349||14 N Kensington Rd
Asheville, NC 28804
|Asheville Realty Group||http://firstname.lastname@example.org||(828) 252-1910||47 Patton Ave
Asheville, NC 28801
|Craven & Company Realtors||http://email@example.com||(704) 788-1122||845 Church St N
Concord, NC 28025
|Team Honeycutt||http://firstname.lastname@example.org||(704) 721-7130||1339 Concord Pkwy N
Concord, NC 28025
|Arriero Realty||http://www.propertiesincharlotte.com/||Salvador@PropertiesinCharlotte.com||(704) 451-3895||Serving Charlotte and surrounding area Fourth Ward|
|John Walker Realty||http://email@example.com||(704) 651-8817||7900 Stevens Mill Rd
Matthews, NC 28104
|All Property Solutions||http://firstname.lastname@example.org||(336) 834-0958||5009 High Point Rd
Greensboro, NC 27407
|Lawrence Real Estate Group||http://www.lawrencenc.com/||RealEstate@LawrenceNC.com||(336) 665-5205||4703 Hickory Woods Dr
Greensboro, NC 27410
|Akwari & Company||http://email@example.com||(336) 337-1927||Greensboro, NC 27404|
|Whitfield Properties Team||http://www.whitfieldproperties.com/||Mail@WhitfieldProperties.com||(336) 584-0347||Burlington, NC 27215|
|Gunn Realty||http://www.gunncommercial.com/||RickGunn1@bellsouth.net||(336) 229-6981||2470 Edgewood Ave
Burlington, NC 27215
|Cummings Place||http://firstname.lastname@example.org||(336) 229-6981||Burlington, NC 27215|