10% spike in median home price in Charlotte market squeezes families, researchers say

Finding an affordable home in the Charlotte region is becoming increasingly difficult for low to moderate-income individuals. The rising prices and limited supply are creating pressure in the market. The report also highlights the rapid growth of the region and the challenges of housing affordability. The COVID pandemic has further disrupted the housing market, leading to a shortage of new housing units. Additionally, the limited time houses spend on the market makes it challenging for buyers to find their ideal home.