The Mecklenburg Times 9-21-21

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Your inside source for real estate, development and construction information serving the counties of Mecklenburg, Union & Iredell VOLUME 97 NUMBER 102 ■ MECKTIMES.COM

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How to Find a True Mentor Page 5

Demand for Nonresidential Construction Spending Declines Again During June Page 2

Workers Saving for Retirement Despite Pandemic Page 3

Homebuying, Selling Sentiment Remain Polarized Page 4

The Great Resignation: Pandemic Fuels Career Shifts Page 5

Your LLC: Managed by ‘Members’ or ‘Managers?’ Page 7

July Housing Report: New Listings Rise 6.5% Nationwide; More Smaller Homes Hit Market July housing trends show some good news for first time buyers. New listings grew on a yearly basis for the fourth month in a row as sellers added a higher number of smaller homes to the market, according to the Realtor.com® Monthly Housing Report. Growth in the U.S. median listing price continued to moderate last month,

but data shows some of this trend can be attributed to the increase in lower-priced homes for sale. Nationally, the number of homes for sale declined 33.5% year-over-year in July. While inventory is still lower compared to last year, the rate of decline is improving, especially at more affordable price points.

If this trend continues, there could be some relief on the horizon for first time buyers looking for smaller homes. “July housing trends show a market still working its way back toward some version of normal. The feverish pace of

PLEASE SEE REPORT ON PAGE 6

“There are still inflationary pressures even if they (consumer prices) came in lower than expected. It doesn’t mean that it’s over.” Kristina Hooper, chief global market strategist at Invesco

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