The median list price for a home in Mecklenburg County is currently around $440,000. | Photo via WCNC
Whether you’re planning your next move or just love scrolling Zillow, NBC’s home buyer index — which debuted earlier this year and is updated monthly — might help you keep better tabs on the Charlotte real estate market as it shifts from month to month.
How it works
The study uses a 0-100 scale to measure the level of difficulty when purchasing a home; the higher the score, the more difficult. It’s measured using four factors: cost, competition, scarcity, and economic instability (think: market volatility, unemployment, and interest rates).
Is it legit? A real estate industry analyst, bank economist from the Federal Reserve Bank of Atlanta, and other experts helped develop the tool, according to NBC News. Examine the methodology.
A few caveats: The index does not capture additional homebuying difficulties for certain groups, such as those with lower credit scores, and it can’t always capture data for more rural communities.
Mecklenburg County’s rating
The data listed below comes from July 2024, but it’s updated monthly — in other words, you can check back whenever you’re curious. Check out Mecklenburg County’s numbers, on a scale of 0 (easy) to 100 (difficult):
Overall difficulty index | 74.3
Cost index | 80.4
Competition index | 64.5
Scarcity index | 57.5
Economic instability index | 93.5
The index also shares that a median income buyer here in Mecklenburg County can afford a $421,000 home — compare that to the median list price for a home, which is $440,000.
Feel good about buying, but want to stay updated on what it’s like to live in Charlotte? Check out our City Guides for the 411.
Asked
As of September, 2024, what is the overall home buyer difficulty index for the entire nation (100 being most difficult)?
Brenda Nova Experience | Monday, Sept. 9 | 7-9 p.m. | BAR ONE Lounge | Cost of purchase | Finish your Monday with world-class cocktails and dinner while seeing musician Brenda Nova and her ensemble perform.
The Bill Hanna Legacy Jazz Session | Monday, Sept. 1 | 7 p.m. | Petra’s | Cost of purchase | Hear some of Charlotte’s best musicians honor the “Godfather of Jazz.”
Tuesday, Sept. 10
Taste of the Panthers | Tuesday, Sept. 10 | Bank of America Stadium | 6:30 p.m. | $128+ | Mix and mingle with Panthers players and legends + gourmet food, wine, and great entertainment.
Charlotte Knights vs. Jacksonville Jumbo Shrimp | Tuesday, Sept. 10 | Truist Field | 6:35 p.m. | $19-$73 | Spend the weeknight enjoying baseball + bring your dog for “Bark in the Ballpark.”
Wednesday, Sept. 11
Free Wednesday Evenings | Wednesday, Sept. 11 | 5-9 p.m. | The Mint Museum Uptown | Free | Spend the evening touring the eclectic art collection at The Mint.
Old Town Bluegrass Night | Wednesday, Sept. 11 | 7:30-10 p.m. | Old Town Public House | Cost of purchase | Gear up for a high-energy performance of the finest Bluegrass in the Carolinas.
Porter Robinson: Smile World Tour|Wednesday, Sept. 11 | 8 p.m. | Skyla Credit Union Amphitheatre | $35-$75 | Experience the rhythms and beats in this electronic concert.
Which unhinged Lowe’s Halloween decoration are you?
If you’re as obsessed with Halloween decor as these locals are, you’re going to love Lowe’s new collection. | Photos provided by COLAtoday + GVLtoday.
Every year the life-size animatronic Halloween decorations get bigger, spookier, and well — more chaotic. This year is no exception, so we want to know:
Which life-sized Halloween decoration best matches your personality?
The 8-ft skeleton: You have classic taste. You don’t believe in following the trends. You know what you like and you stick to it.
The Haunted Harbor Sea Captain: You’re a natural-born leader. You love to plan a night out and always know the best new spots in town (thanks to CLTtoday).
The Dancing Wednesday Addams: You’re sarcastic and have a dark sense of humor, but you’re a loyal friend and an accidental trendsetter.
Rain, rain, stay away. After a week of pleasant weather, rain chances remain low for the next several days. The WCNC Weather Impact Team expects more sunshine with temperatures remaining in the low 80s. (WCNC)
State
The North Carolina Board of Education is inching closer to proposing new rules for student athletes in high school to profit from their name, image, and likeness (NIL). Parents will have 60 days to offer input in an open comment period, running Oct. 1-Dec 6. Details on where to leave public comment remain TBA. (WCNC)
Announced
DHL eCommerce has expanded to Concord with 150 jobs. DHL moved from Raleigh to a 162,836-sqft facility at 8475 Automation Dr. The facility will process domestic inbound and outbound packages for online merchants throughout the US. (The Charlotte Observer)
Open
Milkbread’s Uptown location is open for business. Order up a coffee or chicken sandwich for lunch at the all-day food spot in Duke Energy Plaza.
Eat
Hungry for more? First Watch is now open in Rock Hill. The Florida-based breakfast chain is open 7 a.m. to 2:30 p.m. daily at 2320 Cherry Rd. This is the 10th location in the Charlotte area. (Rock Hill Herald)
Closed
Zada Jane’s Corner Cafe is permanently closed. The Plaza Midwood restaurant was a popular breakfast and brunch spot. No exact reason for the closure was given. The future of the location along Central Avenue remains TBA. (The Charlotte Observer)
Pets
Looking for fur-ever friend? WCNC needs your help fostering dogs and cats in their Clear the Shelters Campaign. The month-long adoption initiative lasts until Sept. 30. (WCNC)
Sports
What were the biggest takeaways in the Panthers’ season opener? Go beyond the field for the biggest stories on the Carolina Pantherswith Locked On’s daily, team-focused podcasts.
Job
We’re looking for a Sales Executive in our sister market, SEAtoday, to identify and secure new advertising partnerships and grow existing client relationships on the SEAtoday team. Apply to join.
Development
🏗️ Home sweet (new) home
121-year-old building to be relocated
The historic Leeper Wyatt Building will soon be moved from its current location on South Boulevard to Cleveland Avenue before an upcoming restaurant will be developed in its place. | Photo via Tonidandel-Brown Restaurant Group
There’s been a dramatic change of scenery around the historic Leeper Wyatt Building on South Boulevard. That scenery is about to change once more.
The structure was built in 1903 and began as a grocery store for the Atherton Mill and Dilworth communities. It’s now the oldest retail brick commercial building left in South End.
Relocate, as in, pick up the entire building and move it.
The building will move from 1923 South Blvd. and travel backwards, before turning into its new location on Cleveland Avenue.
While plans for the historic building are TBD, the restaurant group is rushing to finish Leluia Hall — which has offered its parking lot at 1829 Cleveland Ave. in order to accept the landmark next door. An opening date remains TBA.
The Buy
The Buy 9.09.24 (Affiliate)
A wireless travel charger compatible with practically any device. It’s capable of charging your smartphone, smartwatch, or headphones — meaning no more dead devices on the go.
On Friday, we asked “What’s your go-to menu item at the Yiasou Greek Festival?”
For three days, the Yiasou Greek Festival feeds thousands of visitors from across the Carolinas.
|
Photo via Holy Trinity Greek Orthodox Cathedral
Over the weekend, thousands of visitors from across the Carolinas and beyond flocked to the Dilworth neighborhood for the annual Yiasou Greek Festival.
One of Charlotte’s largest cultural events is well-known for its delicious food. 45% of voters claimed the gyro was their favorite menu item.
People also loved baklava at 40%. Dolmades, or Greek-stuffed vine leaves came in at 8%, followed by Pastitsio, a baked pasta dish at 5%.
Speaking of the Yiasou Greek Festival... City Editor Maria and I took full advantage of this weekend’s fantastic weather and visited the festival ourselves. It’s no wonder this annual event has lasted since the 1970s. Check it out.
We watched a Greek dance contest, a cooking class, browsed the vendors for clothes and artwork + the baklava sundaes were out of this world.
Content marked with an * is paid advertising. Content marked with an ^ is created by our content studio. The company may also generate commission from affiliate links in the newsletter.