CHARLOTTE, N.C. — Although mortgage rates remain high, the Charlotte housing market remains a seller's market with more people looking to buy than homes available.
According to the most recent data from Realtor.com, there are more than 4,000 homes currently listed in Charlotte. One of the most significant challenges facing buyers is understanding their purchasing power at a given moment.
That's why popular real estate website Zillow unveiled its new BuyAbility tool, which gives prospective homebuyers an accurate understanding of what they can afford and qualify for in real time.
BuyAbility is accessed through Zillow's app, allowing users to update calculations regularly based on the changes in mortgage rates and their credit scores. The company hopes BuyAbility makes it easier than ever for buyers to find homes that truly fit their budget.
Contact Jane Monreal at jmonreal@wcnc.com and follow her on Facebook, X and Instagram.
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