Scott Pridemore and Mike Hege answer the question, are we in a real estate bubble?
If you lived through as we did and practicing real estate in 2008, 2009 and 2010, that was a very different time period in history than it is now. (0:44)
So another factor that was in play in 2006, 2007, 2008 when the bottom fell out, was the fact that you had plenty of inventory then. It wasn't a matter of shortage, which we're in today. (2:11)
Another layer that we have here in Charlotte that we didn't have to this degree in 2008 is the influx. Certainly people were moving to Charlotte, but I would tell you the influx that we're currently seeing is probably 10X what we saw pre-2008. (5:02)
This may be a shocker for you listening, but we are still in the metro Charlotte area, an undervalued city as it relates to the major markets all across the country. (7:27)
Charlotte Real Estate Podcast
Scott Pridemore and Mike Hege think Charlotte’s got a great story to tell. Roughly 15,000 people a year move to the Queen City, and let’s face it — they all have to live somewhere. Their stories of how they find their homes, and more importantly why they chose to live where they live, make every story as unique as the individual who took the journey to home ownership here.