Category: Carolinas Market Update

Allen Tate President & CEO Pat Riley talks about slowing real estate appreciation rates After several years of above-average price appreciation, the real estate market is finally balancing – and returning to a more realistic pace. Historically, home prices have seen an annual appreciation of 2 to 3 percent, but that jumped to 5 percent or higher as the economy began to recover from depreciation that took place in the four-year recession. "We saw it coming," said Allen Tate Companies President and CEO...

Allen Tate CEO Pat Riley encourages buyers and sellers to ask questions Multiple offers. Steady price appreciation. New players in the real estate marketplace. “It’s rare that a day passes without someone asking me “What’s up with this housing market?” said Allen Tate Companies President and CEO Pat Riley. In the July edition...

Allen Tate CEO Pat Riley says no real surprises expected If you expected the New Year to bring big changes in the Carolinas' real estate market, you'll need to wait longer. Buyers and sellers will face similar challenges and opportunities in 2018 as they have in the past two years. Inventory will...