TIGHT END HAS A NICE RING TO IT

Are you ready for some football?  What an opening weekend for College Football, and by the time you get next weeks weekly update; the NFL will have started.  An exciting time of the year as organizations, coaches, players, and fans enter with hope for greatness!  It’s a true meritocracy…nothing is given-everything in earned, commitment matters, great culture usually beats talent, and here are the three things you need to know this week.  

Not Too Swift: The 30-year fixed-rate mortgage ticked down slightly this week, hitting 6.56% 

This is the lowest that mortgage rates have dropped since October 2024.  At 6.56% the 30-year fixed-rate mortgage is down slightly from 6.58% over the previous 2 weeks, according to Freddie Mac.  "Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant," said NAR Chief Economist Lawrence Yun

A Little More Bling: Americans now need to earn $114,000 per year to afford a median priced home.

In 2019, a buyer would need to earn $67,000 annually to afford a median priced home.  This represents an increase of 70.1% from that time.  “Even with today’s affordability hurdles, meaningful changes in the market could give buyers a better shot at finding a home,” said Danielle Hale, chief economist at Realtor.com. 

Sold Out World Tour: The Charlotte, NC region gains 157 movers daily, totaling 57,300 annually.

Back in 2023 the number of daily movers to the region was 117.  Only two years later the U.S. Census data from July 1, 2023 and 2024, estimates that the region averages 157 movers daily.  That same report lists the Charlotte metro ranks ninth in the U.S. in terms of number of people who moved to the area from 2020 to 2024, the report states. With a net migration of 223,208 the Charlotte region outpaces several major metros, including Raleigh; Nashville, Denver; Boston; and Minneapolis.

A prayer and wish for a safe, fun, and relaxing Labor Day weekend.  Oh and remember; We’re never as great as our best day - We’re never as bad as our worst day; Be Confident - Stay Humble.