Lake Norman, NC Area Market News & Updates:


May 9, 2023

Beat the All-White Kitchen Blahs With More Colorful Options

Beat the All-White Kitchen Blahs With More Colorful Options

Whether channeling a more nature or coastal vibe, more renovators are using color in the hopes that their kitchens leave a more lasting impression.

Green kitchen
Photo credit: Magnet Kitchens

Colors are spicing up kitchen design. Magnet, a kitchen retailer based in the United Kingdom, recently analyzed sales trends as well as social media and Google search data among U.S. and U.K. consumers to identify the most popular trends. Say goodbye to all-white, cookie-cutter kitchens as colors like greens and blues become appealing options to homeowners.

“Over the decades, the kitchen has moved from a primarily functional space to the center of the home,” says Jenn Nash, senior design lead at Magnet. “This evolution of use also brings a new, invigorated appreciation of color. People are increasingly using the home to express themselves but need versatile spaces. Multiuse spaces need extra-thoughtful consideration, but an emphasis on living spaces rather than practical is getting peoples’ imaginations flowing.”

Magnet reveals the following top three kitchen cabinet colors in its 2023 interior trends report.(link is external)

Nature-Inspired Green

Green kitchen
Photo credit: Magnet Kitchens

Magnet’s report found that over the past year, Google and Pinterest searches for “green kitchens” have jumped 50%. The term nets an average of 74,000 monthly Google searches. On Pinterest, searches for “olive green kitchens” have increased 51% during the past year, and searches for “sage green kitchens” are up 48%.

“From deeper forest and olive shades to the more subtle tones of eucalyptus and sage, the versatility of the green hue is, in part, what makes it the go-to palette in today’s modern kitchen,” Nash says. “Combining associations with nature and an evocativeness of balance, growth, renewal and harmony, green is a refreshing color that allows the hardest-working room in the home to feel both invigorated and calm in equal measure.”

The rise of green kitchens also falls in line with growing consumer interest in biophilic interior design, a concept that taps into our human instinct to connect with nature, Nash says. “If we look at the popularity of crittall and bi-fold doors—displaying open views of the outdoors—increased use of botanical architecture and the juxtaposition of both refined and raw natural materials used in the kitchen, it’s evident that more and more of us are looking to blur the boundaries between the interior and exterior,” Nash says.

Magnet reports that over the past six months, demand for green cabinets has grown the fastest. The company’s Ludlow Arboretum Green kitchen, which launched last summer, has already become one of the most popular styles.

Blue Kitchens

Blue kitchen
Photo credit: Magnet Kitchens

Thanks to the coastal interior trend—which actress Reese Witherspoon helped popularize with her powder blue kitchen—Magnet reports that demand for light blue kitchens is soaring. Searches for blue kitchens increased 24% on Google and 25% on Pinterest over the past year. What’s more, Google searches for “beach blue kitchens” have skyrocketed 271% in the same time period.

‘’Blue kitchens have been an extremely popular choice over the last few years,” Nash says. “Oceanic, serene, safe and stylish, they offer a versatile foundation that pairs perfectly with classic shaker styles as well as minimalistic modern designs. As people look for more contemporary takes on classic palettes alongside brighter environments, we are seeing lighter shades of blue kitchens grow in demand.” Lighter blue hues offer a timeless, fresh approach “with an added sense of playfulness and personality in both classic and contemporary spaces,” she adds.

Darker hues of blue also are trending. Magnet reports that over the past six months, navy blue kitchens have been the company’s second-best seller next to Tatton Midnight.

Neutral Kitchens (But Not White!)

Kitchen with neutral colors
Photo credit: Magnet Kitchens

Colors in the kitchen don’t have to be too bold, Magnet notes in its report. Despite the rise of maximalist interior trends, neutral and cashmere kitchens remain one of the biggest trends of 2023.

Magnet reports that Google searches for “neutral kitchens” have increased 47% over the past year while searches on Pinterest have jumped 54%. Similarly, searches for “cashmere kitchens” have increased 22% on both Google and Pinterest. Beige and neutral kitchens have been Magnet’s third-best seller over the past six months.

“Although we are seeing more people embrace brighter and more saturated colors in the kitchen and beyond, the minimalist kitchen trend and its accompanying neutral palette still holds strong in 2023,” Nash says. “These hues have a space-enhancing effect and offer the clean and timeless finish all-white kitchens have so long been used for.”

Earthy tones can offer a warmer, cozier vibe than white, Nash adds. “This soft, cozy feel is what defines the emerging trend for cocooning—feeling safe and nurtured with the help of cozy interior styling,” she says. “Think traditional, heritage styling mixed with contemporary accents, increased use of green shades, lots of layering, timber textures and plenty of soft furnishings. Cozy living is a key trend to look out for this year.”

*Published by the National Association of Realtors*

Posted in Home Design
April 10, 2023

5 NC places to check out over spring, summer break

5 NC places to check out over spring, summer break

Whether it is spring or summer break, these five North Carolina attractions are great for families to enjoy.
Posted 9:20 a.m. Apr 7 - Updated 10:30 a.m. Apr 7

Whether it is spring or summer break, these five North Carolina attractions are great for families to enjoy.

This list has everything from animals to whirling works of art.

Whirligig Park in Wilson, NC

The park sits on two acres. There are around 30 whirligigs of all shapes and sizes to amaze you. An amphitheater is in the center, serving as an event space and the perfect spot to spread out your blanket. Rest, have lunch, let life spin playfully around you. Hey Mother Nature! Bring on the good breezes! Vollis Simpson Whirligig Park is free and open daily, including holidays, from 5 a.m. to midnight.

Want to spend a day in Wilson with the family? Here's how we did it.

Vollis Simpson Whirligig Park & Museum
301 Goldsboro St S, Wilson, NC 27893
Cost: Free

 Lazy 5 Ranch

Lazy 5 Ranch in Mooresville, NC

This is a privately owned, drive-through zoo that's 3.5 miles long, with over 750 domestic and exotic animals from six continents. There's also a walk-around petting zoo and horse-drawn wagon rides available. The ranch is open for its summer hours now: Monday through Saturday opening at 9 a.m. and at noon on Sundays. They close one hour before sunset each day.

Lazy 5 Ranch
Location: 15100 Mooresville Rd, Mooresville, NC 28115
Cost: Adults $15, children and seniors $11

The North Carolina Transportation Museum train ride

The North Carolina Transportation Museum in Spencer, NC

Learn important facts about transportation history, take a train ride, explore cars/carriages/buses/trucks/airplanes at this museum in Spencer. It is a historic site located in a space once home to Southern Railway’s largest steam locomotive repair facility in the southeast.

N.C. Transportation Museum
Location: 1 Samuel Spencer Dr., Spencer, NC 28159, (704) 636-2889
Cost: Children under 3 years old are admitted free, Children 3 to 12 $4, Seniors and military members $5 and all other adult tickets $6

Shangri-la stone village in Prospect Hill, NC.

Shangri-La Stone Village in Prospect Hill, NC

This mini-stone village was crafted by the hands of retired 72-year-old tobacco farmer Henry Warren. It includes 27 buildings including a bank, hotel and theater.

As the name implies, it's very magical.

Shangri-La Stone Village
Location: 11535 NC-86, Prospect Hill, NC 27314
Cost: Free

Old Mill Farm

Old Mill Farm in Durham, NC

You'll find a laid back atmosphere at this farm. Guests young and old are welcome to feed the goats, fish in the on-site pond, mine for gems and watch grazing alpacas. There's an open area for kids to run around while adults play along or sit and enjoy a beverage. The farm is open by appointment only and during ticketed events. Each Friday through October they host Fridays at the Farm – a different live performance and food truck each week. Admission for that event is $20 per car.

They also have an upcoming summer camp.

My family visited during an event which also included pony rides, games, hay rides and more.

Old Mill Farm
Location: 8794 NC-751, Durham, NC 27713
Cost: Cost varies by event

Posted in Lake Norman Living
April 10, 2023

5 Most Popular Colors for a Home’s Exterior

5 Most Popular Colors for a Home’s Exterior

Homeowners aim to lighten up their home’s look on the outside, a new survey finds.

White House with pillars
Source: Alside

The majority of homeowners say they would like to lighten up their home’s exterior with a neutral color palette, according to a new survey of more than 1,400 respondents conducted by The Harris Poll and commissioned by Alside, an exterior building product firm. The top five most popular siding colors for 2023, as identified by survey respondents, are:

  • Off-white/cream
  • White
  • Light gray
  • Light brown
  • Medium blue
Color Choices Pie Chart

“It’s interesting to compare the national survey data to what we’re seeing in the market,” says Chase Creighton, business director of vinyl & composite cladding for homebuilding firm Associated Materials. “The farmhouse trend is driving more of the preference of homeowners choosing white and light colors. It’s possible, too, that cost may be a driver. As building material prices have risen, consumers may have gravitated toward lower cost options and away from premium colors.”

In fact, Alside, in its review of its company’s sales data, found that demand for white siding paint has more than doubled since 2018. View some of the leading siding colors below.

White House With Black Shutters
Source: Alside
Coventry House
Source: Alside
Williamsport Home
Source: Alside
Posted in Home Design
Nov. 22, 2022

Make Thanksgiving Dinner Extra Special with These Table Decor Ideas

Make Thanksgiving Dinner Extra Special with These Table Decor Ideas

Show off your party-planning prowess.

the table is beautifully set in nature
Maryna TerletskaGetty Images

When you're hosting Thanksgiving, your table should be your focal point. (As a prelude to the delicious desserts, of course!) This is, after all, where your party will gather together to give thanks, break bread, drink wine, and maybe even bond over festive tunes.

And while you can certainly go all out with elegant Pottery Barn-style decorations complete with overflowing floral centerpieces, you don’t have to spend a fortune to create a beautiful table. With the right inspo photos (that’s where we come in) and a little creativity, you can fashion gorgeous place settings on a budget—we're talking dollar-store cheap. In this case, less truly is more, so you don't have to overthink it. Just go with the flow!

First, narrow in on your preferred aesthetic—think traditional farmhouse, classic elegance, or even modern and colorful. This will help you focus on what you need to buy, what you might be able to pull together from your own closet or even your backyard (think pine cones or evergreen sprigs), and what DIY decorations you might want to take on.

To get inspired, browse these photogenic spreads in a variety of tones and themes. You’re sure to find something that appeals to your senses—and is guaranteed to stand out in a sea of other tablescapes on your social feed come Thanksgiving day. This is the time to experiment with the patterns and props that speak to you the most. You might even consider making your own name place cards or decorative signs for the table.

But we should warn you: It might be difficult to pick just one! No matter which option you pick, your guests will remember the elegance for many Thanksgivings to come.

Use Plenty of Natural Elements


Don't be afraid of a bare table. (Bonus: You won't have to struggle to get those stubborn red wine stains out of your linens!) When you use plenty of natural elements—pine cones, eucalyptus, and white pumpkins—your Thanksgiving place settings will look just as elegant.

Read more about this Thanksgiving table here.


Stick with Neutrals
neutral thanksgiving table

Think neutrals are boring? Not if you incorporate plenty of textures. When peppered with pampas grass, rattan vessels, and dried flowers, a mostly monotone table looks incredibly elegant.

Read more about this Thanksgiving table here.


Embrace Autumnal Shades


If you love the traditional Thanksgiving look, make sure to include plenty of autumnal shades like brown, burnt orange, ivory, and moss. To enhance the classic farmhouse style, do as the designers at Flourish and Flounce did—add a shabby chic candelabra and create a table runner out of muted flowers and gourds.


Use a Bold Tablecloth


Rather than the classic white linen, make a statement with something a little more unexpected—like a black-and-white buffalo check. When combined with jewel tones and natural accents like wheat sheaves, pine cones, and wood slices, the fun pattern is elegant enough for the holiday.

Read more about this Thanksgiving table here.


Use Decorative White Pumpkins


This lovely tablescape incorporates gorgeous vintage pieces, but another element that caught our eye was the use of decorative white pumpkins. Lovingly placed among items of brass, green, and silver tones, they're the perfect nod to the fall season.

Read more about this Thanksgiving table here.


Don't Forget to Add Metallics


An easy—and inexpensive—way to take neutral Thanksgiving table decor to more elegant and sophisticated heights? Add a selection of metallic accents, whether painted pumpkins or brass candlesticks.

Read more about this Thanksgiving table here.


Raid Your Own Pantry


You don't have to spend a fortune at Pottery Barn to create a beautiful Thanksgiving table. In fact, this elegant arrangement can be replicated for about $10. Most of the elements—the fruit and flowers—were found in the backyard. The rest—two bundles of Trader Joe’s spray roses and a persimmon—was purchased for just a few bucks.

Read more about this Thanksgiving table here.


Experiment with Color


There's something incredibly alluring about this bold, modern table designed by Ooh! Events. The aqua table runner provides the perfect backdrop for the stunning floral centerpiece, and the classic china ensures the look doesn't skew too far from traditional.

Read more about this Thanksgiving table here.


Play with Patterns


For a truly beautiful Thanksgiving table, experiment with decor in a mixture of patterns. The trick to making it cohesive? Using complementary colors.

Read more about this Thanksgiving table here.


Use Plenty of Red


Save yourself some time, effort, and money—lean on reds and greens to bring your Thanksgiving table decor to life. This way, you can leave the centerpiece intact for another month. The bright red pomegranates, evergreen sprigs, and dried orange slices make the farmhouse-inspired setup perfectly suitable for Christmas, too.

Read more about this Thanksgiving table here.


Pepper in Copper Accents


Adding metallics like copper is one of the easiest ways to make neutral Thanksgiving table decor look instantly more elegant. Plus, who doesn't love a fancy Moscow mule as an aperitif?

Read more about this Thanksgiving table here.


Opt for a Dark Nordic Vibe


For something a bit more unexpected, leverage eucalyptus and other natural greenery as your runner. Don't have a bunch of black plates and elegant gold flatware lying around? Consider renting what you need for the night through a company like Social Studies, which will ship you everything from the votives to the forks. When the party's over, simply rinse and send it back in their handy boxes.

Focus on Candles


Love the idea of inexpensive decor that makes a big statement—especially once the sun goes down? Arrange pillar candles in a variety of heights, tuck evergreen around the whole thing, and make sure your place settings feature plenty of metallic accents.

Read more about this Thanksgiving table here.


Use Pumpkin-Shaped Napkin Rings


Thanksgiving is a time to go all out on the fall theme, but these pumpkin-shaped napkin rings don't have to be bright orange, of course. No matter what color you choose, aesthetically, they'll fit right in.

Learn how to DIY this tablescape here.


Go Big with Florals


For Thanksgiving table decor that will really wow, commission a larger-than-life floral centerpiece that spans the length of your farmhouse table. And don't worry: It's entirely possible on a budget. Visit a store known for a good flower selection (like Trader Joe's!) and DIY your own bouquet.

Read more about this Thanksgiving table here.


Go Light and Airy


You don't have to select table decor in dark, moody hues to be Thanksgiving-appropriate. This light, bright blue-and-white tablescape expertly straddles the line between contemporary and traditional. Plus, it's a great option for those who live in warmer climates.

Read more about this Thanksgiving table here.


Use Kraft Paper
butcher paper tablecloth

Instead of a traditional table runner, try kraft paper. To make it more elegant, add some calligraphy (you can use a stencil if need be), then top the whole thing with a gorgeous floral centerpiece. A nice bonus: You won’t have to wash anything—simply toss it when dinner is done.

Read more about this Thanksgiving table here.


Go for a Moody Palette


With moody Thanksgiving table decor—dark tones and plenty of glowing candles—your holiday spread will skew ultra-romantic. It's the perfect aesthetic for an intimate gathering.

Read more about this Thanksgiving table here.


You Can Even Try Pastels
pastel thanksgiving table

Equally modern and fun? A Thanksgiving table studded with soft pastel colors. It's easy to DIY: Just paint a variety of small pumpkins in the hues of your choice. To preserve your project for another year, make sure to use faux pumpkins.

Learn how to DIY this tablescape here.


Go for a Jewel-Toned Look
thanksgiving tabletop

How stunning is this? The founder of Bird's Party Blog, Cristina Riches (also known as "Bird"), has a simple formula to create this jewel-toned look. It includes colored glassware, bright taper candles, and more. She also suggests checking thrift stores for supplies.

Learn how to DIY this tablescape here.


Use a Garland


This beautiful decor includes rich colors of orange, cream, brown, and green. The natural eucalyptus garland running down the center of the table draws the eye while bringing a piece of the outdoors inside.

Learn how to DIY this tablescape here.


Make Your Own Name Placecards
chestnutlanehome ig post

This Thanksgiving table setting might inspire you to break out a fancy calligraphy pen—or a pretty marker—and write down the name of each guest in your best script. Everyone at your gathering will feel special, and might even take theirs home at the end of the night.

Learn how to DIY this tablescape here.


Include Festive Language


The "Grateful" message on this small blackboard place setting is a reminder of how important it is to gather together for Thanksgiving. This host (@rsvptomytable on Instagram) wrote that she listed "something different" on each one, using the moment to communicate her emotions to her attendees. How unique!

Learn how to DIY this tablescape here.


Posted in Holidays
Nov. 2, 2022

Things Home Stagers Wish Real Estate Pros Knew About Staging

6 Things Home Stagers Wish Real Estate Pros Knew About Staging

November is Home Staging Awareness Month, and home stagers are setting the record straight about their services.

By Felicia Pulley, Real Estate Staging Association

Round mirror with flowers

© NiseriN/Getty Images

Some real estate agents don’t understand how home staging actually works. The Real Estate Staging Association recently spoke to home stagers and asked them what they wish real estate agents better understood about professional home staging. The following are some of the most common misunderstandings they cited:

1. Staging is not interior design.

A professional home stager is an interior designer in reverse. Their objective is to make a home look as inviting as possible to a broad audience. So in other words, they take away design elements rather than introducing new ones.

Decluttering a house is always the first thing on a seller’s to-do list. Professional stagers simply organize and fine-tune that process. When all the extraneous items are taken away, the stager may add some neutral touches that will help buyers see themselves in the home. (Learn more about the process: The Consumer’s Guide to Real Estate Staging(link is external).)

2. Professional home staging services are too expensive.

Home stagers wish real estate agents and sellers understood that their overhead can be pretty high. They maintain constantly rotating inventory and storage or warehouse costs. They also have to pay for transportation and gas, as well as ordinary business expenses such as insurance, payroll, and business licenses. “I wish other agents would understand the cost of labor these days,” says Klara Dove, a home stager and REALTOR®. “It’s not just about hauling a couch over there. The moving prices with labor that’s insured is expensive. Movers make more money than I do sometimes!” (Tip: Find out the laws in your state regarding moving expenses and income taxes. In some states, sellers can deduct certain moving expenses, and staging service may be included.)

Laura Jones, founder of Home Harmony, says the cost of home staging can pay off in the end. “I wish agents realized how much less staging a home professionally is versus a $10,000 to $20,000 price reduction when they don’t get an offer in a reasonable timeframe,” she says.

3. It’s more than installation day.

Professional home stagers need time to prepare. “We don’t drive around town with a truck filled with furniture,” says Andrea Young, founder of Intuitive Design Studio. “There is planning and preparation that goes into it.” Real estate pros should bring a home stager in for a consultation as early as possible so that they can work with the client to discuss the listing agent's process, timeline, and budget for staging. “Staging shouldn’t be an afterthought. It should be a priority, like photography or cleaning,” says home stager Savannah Jones, founder of Where the Heart Is.

4. Stagers really mean it when they say the property needs to be ready on installation day.

In a perfect world, the property would be vacant, and the landscaping and cleaning would already be done. But too often, stagers find a house that isn’t fully prepped.

For a vacant staging project, Rebecca Boler, founder of The Rebecca Bolder Company, broke down an ideal situation: Agents and homeowners would have all work (contractors, landscapers, cleaners, etc.) completed a minimum of 24 hours prior to arrival. The access details would be provided a minimum of 24 hours prior to arrival and no other people (including the homeowner and agent) would be onsite for the duration of the stage. Then, the photos would be scheduled a minimum of 24 hours after the trucks arrive.

5. Let the home stager sell their services directly to sellers.

You don’t want to jeopardize the listing by pushing outside services. Not to mention, home stagers say, it’s usually easier for a professional third party to tell a seller that their cat odor is really bad. Let the professional home stager do the dirty work.“

Far too often real estate agents pass along our bids to the sellers, void of context and the expertise to sell staging at a high level,” says Ryan Marsh, CEO of OnStage Inc. and a member of the RESA National Board of Directors. “Simply by allowing us to meet with sellers directly, the odds of selling our services and increasing the competitiveness of their listing increase ten-fold.”

6. Professional staging is your silent partner.

Some agents may balk at the idea of professional staging. But according to the National Association of REALTORS®, 82% of buyers’ agents report that professional staging helps clients visualize a home as their own. As more and more buyers search for properties online, it’s more critical than ever that sellers make a great first impression. Staging a property has a tremendous influence on a buyer’s decision to see a property in person, and perhaps even make an offer.

“Professional home staging can be an agent’s silent salesperson,” says Nicole Schenk, founder of Simple Elements Home Staging. Plus, agents will have another professional by their side: RESA home stagers adhere to a code of ethics.

“Stagers want to be real estate agent’s partners to elevate not only the value of the property but elevate the agent’s value and brand,” says Kathryn Lenhardt, a home stager and founder of First Impressions Staging + Design in Seattle.

Posted in Home Design
July 18, 2022

North Carolina continues to benefit from remote-work migration

Axios on facebook
Axios on twitter
Axios on linkedin
Axios on email
Data: Equifax, Moody's Analytics; Map: Kavya Beheraj/Axios

North Carolina continues to be a destination for those moving out of high-cost West Coast and Northeastern states.

Driving the news: Some 46 million people moved to a different ZIP code between February 2021 and February 2022 — the most of any 12-month period since 2010 — according to a new analysis by Moody's Analytics shared with Axios and first reported by the Wall Street Journal.

Why it matters: North Carolina has been a big winner of that movement. The state had the third-highest in-migration during that period, only trailing Florida and Texas.

  • North Carolina gained 64,970 residents, according to the analysis.
  • The states that lost the most residents were California, New York and Illinois.

Context: The pandemic accelerated Southern migration trends that were already happening, Adam Kamins, a senior director at Moody's Analytics, told Axios.

  • Remote work, Kamins said, appears to have been the biggest game changer, allowing people the freedom to choose where they lived based on housing costs, lifestyle and weather.
  • Lower-income taxes could also be having some effect, Kamins said. North Carolina has aggressively cut income and corporate taxes in recent years.

What they're saying: "There is less of a pull to being in a big city or even near a big city" because of remote work, Kamins said. "You might as well move somewhere cheaper with better weather and keep the same wages you had before."

  • "How strong and durable that shift is still to be determined," he added.

Raleigh and Charlotte are obvious destinations for out-of-state migrants. But remote work could also stabilize the populations of cities that have seen brain drain in recent decades, like Rocky Mount, Kamins said.

  • Rocky Mount "isn’t going to draw in residents from New York or D.C.," he said. But college-educated natives who might have otherwise moved to a bigger city for work now "might be able to stay home and still find a job."

What's next: The mass movement of the last three years could have political implications, the Wall Street Journal noted, as most of the migration appears to be people leaving politically blue states and moving to red states.

Posted in Relocating
June 23, 2022

Mooresville Lakeside Living: Things to Consider Before Buying a Lake House

Posted in Buying
June 23, 2022

Surging NC economy rises to No. 7 in US

Information is brought to you by
Lisa Cernuto
Mooresville Realty, LLC

Surging NC economy rises 4 spots to No. 7 in US, says new report

Surging NC economy rises 4 spots to No. 7 in US, says new report

Image by wgappens5 from Pixabay

RALEIGH – North Carolina has one of the best state economies in America, according to a new analysis from financial news and information site WalletHub. And this report is based on data compiled before Meta reportedly is preparing to pick Durham as a home for an expansion project.

Even without Meta, the Tar Heel State continues to punch above its size.  Though the state ranks 9th in population, according to the most recent U.S. Census, North Carolina ranked 7th overall in the new analysis from WalletHub.

That’s up four spots from the 2021 rankings, when North Carolina ranked 11th.  This year’s study measures and analyzes 28 indicators in three broad categories: economic activity, economic health, and innovation potential.  The 2021 study included an additional metric that was related to the COVID-19 pandemic that was removed for the 2022 analysis, a spokesperson for WalletHub told WRAL TechWire.

The study was not published in 2020, and in the 2019 iteration, the state ranked 10th.  In 2017, the state ranked 15th.



Among the 28 indicators measured by the analysts behind the WalletHub report, North Carolina performed best for its ranking on nonindustry research and development investment as a share of the state’s gross domestic product.

In this metric, North Carolina ranked fifth.

The state, which is No. 9 in terms of population, ranks 11th for innovation potential, 12th for economic health, and 14th for economic activity.

Those rankings show good balance compared to other similar states that are often seen as competitors for economic development, including Georgia, Tennessee, and Texas.

Georgia is ranked 8th overall, and is 5th for economic activity but just 24th for innovation potential and 15th for economic health.

Tennessee, which is ranked 11th overall, is 4th for economic activity and 5th for economic health, but 38th for innovation potential.

And Texas, which is ranked 12th overall, ranked 8th for economic activity and 9th for economic health, but 23rd for innovation potential.

Washington state is ranked first overall, and Utah is second.  Other U.S. states that outrank North Carolina in the WalletHub analysis include California, Massachusetts, New Hampshire, and Colorado at third, fourth, fifth, and sixth overall.

prior analysis from WalletHub ranked North Carolina as the 19th most innovative state.


The state also ranked highly for activity in building permit issuance, finishing 7th among all U.S. states and the District of Columbia, which was also analyzed in the study.  Building permits are also among the measures included in an economic analysis released periodically by Dr. Michael Walden, an economist and a William Neal Reynolds Distinguished Professor Emeritus at North Carolina State University.

And North Carolina ranked 8th overall for the growth in state personal income between 2020 and 2021, with a measured growth rate of 8.9% according to the WalletHub data set, which was shared with WRAL TechWire upon request.  Similarly, the state ranked 8th among all states analyzed for the percentage change in state gross domestic product, or GDP, with an increase of 6.72% between 2020 and 2021.

But where North Carolina could improve is in the relationship between median household income and cost of living, where the state ranked 31st among the 51 areas analyzed.

The state ranks 43rd among all states for the percentage of the state’s population who is uninsured.  Should the state pass the Affordable Care Act’s Medicaid Expansion, said Dr. Anne York, a professor of economics and program director at Meredith College, in a prior interview with WRAL TechWire, “our health rankings would likely improve.”

Another area where North Carolina could improve: the share of the state’s population who is living in poverty, with household income under the federal poverty line.  North Carolina ranked 37th among all states, according to the WalletHub analysis, with the share of poverty measuring 14%.

Posted in Real Estate Market
June 15, 2022

Iredell Was Ranked 3rd Fastest Growing County In Charlotte Region

Information is brought to you by
Lisa Cernuto
Mooresville Realty, LLC

Charlotte Region population swells by more than 30K people


The United States Census Bureau recently released updated population estimates between July 1, 2020 and 2021. As expected, the Charlotte Region continued to grow steadily. About 84 people moved into the Charlotte Region every day in 2020-2021. The 15-county region saw its population grow to a total of 3,084,405 people – a 1.1% increase. The growth in the region outpaced the rest of the country which averaged .1% growth.  

As a traditional population hub, Mecklenburg County participated in this trend, adding 3,936 people to its population, a number that represents a .4% growth rate. Mecklenburg County's gains in population came from natural increase rather than in-migration.  

However, the highest rates of growth came from counties surrounding Mecklenburg. The top three counties in terms of growth rate in the Charlotte Region are Lancaster, increasing at 3.8%; Lincoln, which grew 2.8%; and Iredell, at 2.3%.

From July 2020 – July 2021 the Charlotte Region ranked as the 7th fastest growing metro in the nation. Along with fresh population estimates, the United States Census Bureau also recently released a report finding that United States migration was on a decline from 2020-2021. However, migration across the four regions in the country experienced this trend unevenly. For example, the Northeast lost about 227,000 people, while the South gained about 253,000. Even with slowed migration across the country, the Charlotte Region has still managed to make some gains.  

The Charlotte Metro Area still sees its largest migration population come from one of those Northeastern areas, with the largest number of movers, nearly 7,000, coming from the New York-Newark-Jersey City Metro Area.    

Another noteworthy trend for the region came in the form of strong migration patterns from the Hickory MSA. Since 2015-2019 about 1,000 people have been on net move from the Charlotte MSA to the Hickory MSA every year. Additionally, about 500 people were on net move from the Asheville MSA to the Hickory MSA every year. 

The Charlotte Region remains one of the fastest growing areas in the nation. With competitive advantages like comparatively low cost of living, low cost of doing business, strategic location for live, work, and play, there is cause to expect this trend to continue going forward.


Provided by Alliance News, Charlotte Regional Business Alliance on March 30, 2022

Posted in Real Estate Market
June 7, 2022

The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game

Information is brought to you by
Lisa Cernuto
Mooresville Realty, LLC

The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game

(Getty Images)


The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game

By Margaret Heidenry

Jun 2, 2022

Mark your calendars: The month of May might go down as a turning point in the red-hot real estate market that’s been scalding homebuyers for the past few years.

The number of new listings that hit the market last month rose for the first time since June 2019, according to a new report from®. As a result, May home shoppers had 8% more active listings to scroll through compared with this point last year.

“We’re seeing more homeowners decide to sell,” says Danielle Hale, chief economist of “Buyers can expect more inventory going forward, more homes to choose from.”

Granted, there are still only half as many homes available for sale compared with pre-pandemic levels two years ago. Nonetheless, this recent uptick could offer a glimmer of hope for buyers who’ve been scrambling for homes amid bidding wars and way-over-asking offers.

“For context, even though we’re seeing inventory grow, it remains quite low,” says Hale. “This is one of the reasons that we are still seeing home prices go up and homes [spending] a record-low amount of time on the market for sale.”

How high are home prices now?

Despite growing inventory, many homebuyers might still feel squeezed in terms of their pocketbooks.

In May, the median asking price of a home soared to yet another new apex of $447,000. That’s a 17.6% increase over last year, and up 35.4% compared with May 2020.

Combined with rising mortgage rates (now over 5%), the cost of financing a home is up 50% over a year ago. As a result, some homebuyers have given up their house hunt until home prices and/or interest rates fall back within realistic reach—whenever that may be.

“Monthly [mortgage] payments are higher, and that’s knocked some buyers out of the market altogether, while others are proceeding with caution,” says Hale. “For buyers who are able to continue their home search despite higher costs, more inventory means more choices for them.”

And over time, this could trickle down to help the rest of the homebuyers, too.

“More inventory should eventually translate into a slower pace of sales and [slower] price gains,” says Hale. “With prices still growing at double digits, we’re a long way from price declines, but price growth is likely to slow.”

How fast are homes selling today?

Even though more homes are going up for sale, buyers aren’t wasting any time to make a deal.

Nationwide, the typical home spent just 31 days on the market in May. That’s almost a full week (6 days) faster than last year, and the shortest time on record since first began tracking this data in 2016.

Cities where home prices are falling

The 50 largest metropolitan areas saw a significant jump in median listing prices, with asking prices averaging 13% more than last year. (Metros include the main city and the surrounding suburbs, towns, and smaller urban areas.)

Yet at the same time, many sellers are finally feeling forced to slash their prices. Nationwide, homes with price reductions jumped to 10.5% in May, compared with 6.2% last year. Austin, TX, had the most price reductions of any city (+14.7%), followed by Las Vegas (12.3%) and Phoenix (11.6%).

This softening seen in these red-hot markets might mean that sellers’ expectations have not yet caught up with the realities of this rapidly shifting buyer-seller dynamic.

“Most housing markets remain in seller’s market territory,” says Hale. “But the market is a little more buyer-friendly than we saw last month, and we expect that to continue.”

The take-home lesson for home sellers?

“Sellers should make sure that they’re tapped into the latest local market data when making a decision about their asking price,” says Hale. “If a seller aims too high in this market, he may have to cut the price to attract offers.”

Posted in Real Estate Market