Charlotte Real Estate News
Charlotte
Office Conversions on Pace to Double in U.S.
According to global property consultant CBRE, U.S. office conversions are on pace to more than double their recent annual average this year, with momentum picking up due to increased incentives and other support from state and local governments.
As Summer Travel Season Winds Down, U.S. Gas Prices Rise Again
With summer vacation season winding down in August, the national average for a gallon of gas awoke from a months-long slumber, surging 13 cents in the last week of July to $3.71, says AAA.
Rent Growth for Single Family Homes Continues to Slow in May
Based on CoreLogic's latest Single-Family Rent Index (SFRI), annual U.S. rental growth continued to ease in May 2023, ending the month at 3.4%. Despite the past year's continuously slowing rent growth, the overall rate of increase is roughly back to its pre-pandemic norm recorded between 2010 and 2019.
Record Setting 50.7 Million Americans to Travel This July Fourth Holiday
Based on AAA projects, over 50.7 million Americans will travel 50 miles or more from home this Independence Day weekend, setting a new record for the holiday.
