GROWTH DRIVES DEMAND; AFFORDABLE HOUSING IS SCARCE
Roughly 134 people moved to the Charlotte metro each day from 2022 to 2023. This growth inevitably creates a need for homes, and people with low to moderate incomes are struggling to find and buy homes. Growth: 2014 to 2023 • Overall Charlotte metro growth: 471,750+ people • Growth in households: 243,650+ House prices have increased very quickly in Charlotte in recent years. While the market has cooled since COVID-19, there are no signs for significant price declines in the near future. The slowdown in construction during the last two years, and a recent easing in the federal monetary policy, could place significant upward pressure on house prices. The State of Housing in Charlotte 2024 Report, published by the UNC Charlotte Childress Klein Center for Real Estate in the Belk College of Business, takes a research-informed look at these and other issues related to housing. In its sixth year, the report and the State of Housing in Charlotte Summit offer trusted data-driven insights for anyone concerned about housing and its influence on the economic vitality of the Charlotte region.