Shroff Real Estate at Helen Adams Realty

08/26/2025

Ever wondered why Housing is considered to be a “lagging” (rather than “leading”) economic Indicator?.....Indicators being statistical data points that provide insights into the health and performance of our economy.

Several key aspects of the housing market cause it to move more slowly in reaction to changes in our broader economy:

➡️ Impact of interest rates — Changes in the Fed's interest rate policy or market rates don't immediately affect home prices. It takes several quarters for the full impact of a mortgage rate change to show up in home prices.

➡️ Price resistance — Property owners are often reluctant to sell their homes for less than they believe they are worth. This can cause a period of low transaction volume and price stagnation, rather than an immediate price drop, when the market softens.

➡️ Lack of liquidity — Real estate is a highly illiquid asset compared to stocks and bonds, meaning it cannot be quickly converted into cash. This lack of liquidity makes price adjustments more prolonged.

➡️ Psychological factors — It takes time for the collective psychology of buyers and sellers to shift. An increase in mortgage rates or economic uncertainty may cause buyers to pull back, but sellers may take longer to adjust their pricing expectations to meet the new reality.

Welcome! Our homes are often one of the largest investments we make in our lifetimes. Please put your trust in Shroff Real Estate to expertly and compassionately guide you through the intricacies of your next home buying or selling decision.

08/03/2025

https://www.realestatenews.com/2025/07/31/housing-market-could-remain-stuck-until-2026

The latest economic and housing data suggests that home sales will continue to plod along at a slow pace as buyers and sellers wait for more certainty.

01/23/2024

It's that time of the year - 2023 Tax Reporting Season!!

Your home ownership can offer you some of the largest taxable income breaks. Take a look at this article that lays out some of the key areas.

Please reach out to me directly for advice on your past or future home acquisition/ownership needs.

Tax time is critical for homeowners, who receive some of the largest tax credits and deductions.

09/05/2023

Don’t miss this charming Bungalow Coming Soon in Historic Wilmore 💥

📍1505 Southwood Avenue Charlotte NC 28203

📋 $695,000

🛌 3 Beds | 🛁 2 baths

🏠 1,458 Sqft

💻 shroffrealestate.com

🎥 https://catch-light-studio.seehouseat.com/public/vtour/display/2173439?idx=1 #!/

Virtual Tour of 1505 Southwood Ave, Charlotte NC 28203, USA.

07/24/2023

The stats for Real Estate Firms in the Charlotte Metro Region are out!

During the 1st half of 2023 properties sold by Helen Adams Realty stayed on market for the shortest duration of any local Firm; indicative of the depth of market knowledge and advice provided by its Agents.

Shroff Real Estate is proud to be a part of Helen Adams Realty.

07/20/2023

2024 Mecklenburg County & Local city property tax rates have been released!

The 2024 Meck county tax rate has reduced from 61.69 bps to 47.31 bps (~23% reduction). The 2024 Charlotte City tax rate has reduced from 34.81 bps to 26.04 bps (~25% reduction).

So......Lets assume the tax value of your home in Charlotte increased 50% from $500,000 to $750,000 during the 2023 property revaluation process; this reduction in 2024 tax rates means your tax bill would only increase about $676 or 14%.

This is a welcome relief to most property owners!

Please reach out to me directly for guidance on any matters related to your specific property.

Welcome! Our homes are often one of the largest investments we make in our lifetimes. Please put your trust in Shroff Real Estate to expertly and compassionately guide you through the intricacies of your next home buying or selling decision.

11/04/2022

With mortgage rates rising its more important than ever to have access to a tool that can help you understand how a change in interest rates can affect your monthly Principal & Interest (P&I) obligation when considering a mortgage.

On the IOS platform, I've found this particular mortgage calculator to be very intuitive and easy to use.....and the best part is its free!

Please reach out to me if you need any assistance in setting it up or using it.

11/01/2022

❓Did you know that each year in late November the Federal Housing Finance Agency (FHFA) announces the maximum dollar limit for Conforming Loan mortgages for the upcoming year? What is a Conforming Loan and why should a revised limit matter to you?

💰A Conforming Loan is a mortgage with terms & conditions that meet the funding criteria of Fannie Mae and Freddie Mac; the federally backed home mortgage companies created by the United States Congress.

A Conforming Loan typically offers consumers a lower interest rate than other types of mortgages primarily because it can be packaged and sold in the secondary mortgage market; rather than being held on the balance sheet of the lender that originated it.

For 2022, this baseline limit is $647,200 for most of the United States (including our market here in NC & SC). It is widely anticipated that the 2023 maximum conforming loan limit will be raised to ~$715,000. ⬆️ ⬆️

What this means is (based on your underlying circumstances) you may have access to this higher borrowing limit without having to opt for a Jumbo Loan – which is more expensive and comes with more stringent loan underwriting standards.

I maintain relationships with several trusted mortgage lenders in our market. Please reach out to me and I’ll be happy to put you in touch with them!

11/01/2022

As the weather starts to cool, here are a few activities within the metro area to keep you busy!

05/03/2022

Did you know that Meck County is reassessing the tax value of your home for 2023?

What does this mean for your property tax bill in 2023 given home prices have risen SUBSTANTIALLY since the last county-wide assessment in 2019?

I met with Ken Joyner, Mecklenburg County Assessor, this morning to discuss the upcoming revaluation.

Post your comments/questions below, or give me a call, and I'll do my best to answer them. Tag your friends if you think this topic might be of interest to them.

04/19/2022

Will recently announced measures by the Canadian government to curb the pe*******on of investors into their residential housing market have a meaningful impact on cooling that market?

Should the United States consider similar measures given that 20% of homes in the U.S. are now owned by investor consortiums rather than individuals and home prices continue to rise 18% year-over-year?

Canada will ban most foreigners from buying homes and provide billions to spur construction activity. Find out more about the measures here.

04/13/2022

My word! 🙏🙏🙏