Oct 10, 2024 - News
Our aging homes
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The bulk of Charlotte-area homes were built between the 1990s and 2010s, per the latest census data.
- The largest share — 21.5% — were built in the 2000s.
The big picture: Existing homes aren't getting any younger and sellers are still feeling the rate-lock effect. This opens the window for a remodeling wave, according to the National Association of Home Builders.
The intrigue: An interest in remodeling has been a boost in recent years for home improvement retailers like Mooresville-based Lowe's. About two-thirds of the retailer's business is non-discretionary repair and maintenance work.
- How old is your home? Have current interest rates prompted you to stay put and remodel, as opposed to move? I'm curious to hear your story: [email protected].