2 For Tuesday | November 22, 2022

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1) State of Housing 2022 Summit – RECAP

(PHOTO: left to right, Patrick Smith – UNC Charlotte, Scott Wilkerson – Gingko Residential, LLC, Brenda Hayden – Keller Williams/REBIC Chair, Mark Boyce – True Homes/REBIC Member) 

Housing affordability within the Charlotte region continues to be elusive.  Key takeaways from the report include the following:

• Houses priced affordably have become extremely difficult to find. Only 3.8% of the houses sold are under $150,000 and only about 25% of the houses sold are under $300,000.
• While the housing market continues to be tight, it has shown some signs of softening since the summer of 2022. The median number of days on the market has increased from three days in May 2022 to nine days in September 2022.
• House prices increased at an unprecedented rate during the pandemic. The median home prices in the Charlotte market increased from $273,500 in January 2020 to $420,000 in September 2022.
• Middle-income housing affordability is becoming a significant challenge for the region. The rising interest rates and house prices have made housing quickly unaffordable in the Charlotte region.

Click here to read the full report and to watch the presentation,
including the panel discussion.

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2) Charlotte Planning Staff Seeking Input on UDO

• Charlotte Planning Staff is seeking additional input on the newly passed (not yet adopted) Unified Development Ordinance (UDO).  Here are the details:
  • Please submit any suggested changes to the UDO via the text amendment process by Friday, December 2^nd.  You can send any recommended changes via email to Nan Peterson, Business Relationship Manager, City Nan.Peterson@charlotte,gov.
  • Reminder:  If you have a general question about a particular section or article of the UDO, please submit your question to the UDO portal at UDO User Question Portal – PublicInput.com
  • If you have any questions or concerns, please feel free to reach out to Nan directly at (704)336-6691 or 980-264-9580.
  • Also, please identify the specific section of the UDO that you are referencing!

  As always, please let us know what changes you are recommending as we are keeping a running tally and will follow up with the appropriate decisionmakers.

  Rob.Nanfelt@REBIC.com or (720)771-3825

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