At Home With Jonathan Osman

It's the Ask Jonathan Episode.  This time, listeners asked for a market update, about what life is like as a Realtor and if you should waive an inspection or appraisal to make an offer more attractive to a Seller.  

If you would like to leave a voicemail for the next Ask Jonathan episode, call and leave a message or text 980-880-5088. send an email to [email protected] or leave a message via any of our social channels. 

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Real estate search site Zillow announced today that they are shutting down their iBuying business effective immediately, laying off 25% of their workforce and selling 7,000 homes in their inventory to institutional investors. We look at the implications of their announcement and how it may impact the Charlotte real estate market

From Bloomberg "Zillow shuts down home flipping business after racing up losses"

This week, I'm joined by Ely Portillo from the UNC Charlotte Urban Institute to discuss passage of the 2040 Charlotte Comprehensive Plan, the upcoming Unified Development Ordinance or UDO, new developments in the development at Eastland Mall as well as return to work plans.  

You can also hear Ely and myself on the August 3rd Charlotte Talks podcast, where we discussed the role institutional investors are playing in the Charlotte housing market.  

This week, Jonathan refutes the social media rumor that the housing market in Charlotte is in a bubble that's about to burst with facts and stuff.  

Show notes:

Here's the Charlotte Axios story that started it all: Is Charlotte's real estate market headed for a crash?

Freddie Mac Perspectives: "In 2018, we estimated the housing shortage to be 2.5 million units", Housing Supply, a Growing Deficit.

Who's Buying Houses? The 2021 Home Buyers and Sellers Generational Trends Report from the National Association of Realtors.

Who else is Buying? Institutional Investors (Wall Street).  Here's the report showing they own 17k homes in Charlotte: U.S. Single Family Rental 2020 Institutional Activity.

National Association of Home Builders report for May 2021

Mortgage Bankers Association June 2021 Mortgage Credit Availability Index

Your favorite real estate podcast is coming back with all new episodes in July and I've added a real estate help line.  If you have a real estate question, I would love to answer it on an upcoming episode.  To submit your question, call 980-880-5088 and leave a voicemail with your question.

This week, Ely Portillo from the UNC Charlotte Urban Institute joins to discuss the support and backlash to the Charlotte 2040 Comprehensive Plan.  Plus, we talk Thomas the Tank Engine and I try to explain why the housing market is completely insane.  Finally, if you like drinking games, take a shot every time I say 106.

February 2020 was the last month that the real estate market wasn't negatively impacted by the Covid-19 pandemic.  This week, Jonathan looks at the effects on housing in Charlotte one year later and how likely is a proposed $15,000 Home Buyer Credit to become reality?  

This week, Jonathan is joined by WFAE Reporter David Boraks to discuss his series on an old asbestos manufacturing facility in Davidson, North Carolina that some hope to redevelop and the issues faced by the adjacent neighborhood. 

Dive deeper into David's reporting by visiting Asbestos Town on WFAE

and locate other Brownfields sites in North Carolina.

This week, Charlotte Observer Real Estate and Development Reporter Danielle Chemtob joins to share how Covid has impacted office vacancies, what's next on a site for the a new stadium for the Carolina Panthers, an update on Eastland Mall, River District and more. 

Follow Danielle on Twitter at @daniellechemtob

Located in Northeast Charlotte, the neighborhood of University City has grown to become the second largest employment center in Charlotte from a diverse mix of employers including Atrium, AXA Equitable, Wells Fargo, Red Ventures and more.  Learn the history of the neighborhood and new developments heading to University City, including the $1 billion Centene campus from Darlene Heater from University City Partners.  

View the rendering for the new Centene campus, currently under construction.