Better Economic Activity Results in Traffic Improvement in the Charlotte Region

    According to Barclays, traffic conditions improved this month, with trends rising to levels above agents’ expectations. Barclay’s Buyer Traffic Index rose to 63 in July, up from 50 just the month before. Agents were encouraged by local economic activity, noting that more job growth in the area is supporting activity. They’ve heard from agents who are saying things like:

    “Many large companies are moving headquarters to the area. We’re working with a lot of transferees moving to our area due to job relocation.”

    Others pointed to better buying confidence, even as the supply remains tight and has been a constraint.

     

    Better Economic Activity Results in Traffic Improvement in the Charlotte Region

     

    Home prices moved higher in July as well. Barclay’s Home Price Index rose to 94 in July, up from 90 in June. Agents indicated that fewer listings were on the market this month. The trend is set to continue upwards.

    Says one agent: “Buyers are feeling more optimistic as competition subsides.”

     

    Better Economic Activity Results in Traffic Improvement in the Charlotte Region

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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