Charlotte’s housing market will be the hottest in the country this year, a new study predicts, but it’s not all bad news for prospective homeowners.
The city topped Zillow’s “annual predictions for the hottest housing markets of the year” for 2023. Still, the real estate website says, “buyers who can overcome acute affordability challenges will find a friendlier market than in recent, record-setting years.”
“This year’s hottest markets will feel much chillier than they did a year ago,” Anushna Prakash, economic data analyst at Zillow, said in a statement on the study. “The desire to move hasn’t changed, but both buyers and sellers are frozen in place by higher mortgage rates, slowing the housing market to a crawl.”
