Roger Preswood-Plasma Realty

Just Listed! 2709 Cloven Place in Charlotte

2009-11-17T14:53:00Z

Charlotte, Mecklenburg County - Announcing 2709 Cloven Place, a 1,489 sq. ft., 2 bath, 3 bdrm 2 story. Now MLS® $144,900 - Just Listed!.

Property information

Home Buyer Tax Credit Extended and Expanded

2009-11-06T17:08:00Z

Great news came out of congress this week as the Home Buyer Tax Credit was not only extended until July 1st, 2010, but expanded to include current home owners as well. First time home buyers can still qualify for an $8000 Tax Credit if they have a binding contract by April 30th, 2010 and close by July 1st, 2010. The big change is that Sellers may now get in on the Tax Credit as well. Current home owners can qualify for a $6500 Tax Credit if the home being sold was their principal residence for 5...(read more)

Plasma Realty Superbowl XLIV 50" Plasma TV Contest

2009-10-01T17:20:00Z

Note that this information is outdated.

Facing Foreclosure?

2009-09-02T14:08:00Z

Everyone knows we are currently facing a Foreclosure crisis in this country. Interest only mortgages, low adjustable teaser rates, and rising unemployment in this country have left many families in a dire situation with no where to turn. What many people do not realize is there is help available thanks to many government programs like the HOPE for Homeowners Act of 2008. If you or anyone you know might be facing Foreclosure please go to www.HopeNow.com or call 1-888-995-HOPE for help. You can also...(read more)

New Home Sales up 9.6% Nationwide

2009-08-27T13:40:00Z

The U.S. Commerce Department reports that New Home Sales for the month of July increased 9.6% nationwide, the largest increase since February 2005. This marks the 5th increase in the past 7 months. New Home inventory dropped to it's lowest level in 16 years. The median price for a new home was $210,100 in July compared to $237,300 last year. Home sales are being driven by historically low interest rates and lower prices due to forelcosures depressing values. The government is also giving First...(read more)

Charlotte Home Prices up in 2nd Quarter

2009-08-25T17:55:00Z

The latest S&P/Case-Shiller U.S. National Home Price Index shows a 2.9% increase over the 1st Quarter of 2009. Eighteen of the 20 metro areas saw improvement in their annual returns compared to those of May. Looking at the monthly data, the same 18 metro areas reported positive returns in June. Detroit and Las Vegas are the only 2 major markets still struggling. These are the only two markets that fell in June and saw deterioration in their annual rates of return. Since their relative peaks they...(read more)

2nd Quarter Home Sales up Nationwide in 39 states

2009-08-12T19:36:00Z

According to the National Association of Realtors, existing home sales were up 3.8% in the second quarter. Thirty nine states experienced increases over the first quarter of this year. Foreclosures and short sales accounted for 36% of transactions in the 2nd Quarter. First time home buyers, taking advantage of lower prices and a First Time Buyer Tax credit of $8000 from the government, made up one third of all transactions. The national median existing single family sales price was $174,100. According...(read more)

Fort Mill and Tega Cay, SC Single Family Home Sales July 2009

2009-08-05T17:53:00Z

During the month of July, Fort Mill and Tega Cay Single Family Sales totaled 59 closings. The average list price for homes sold was $284k with the average sale price of $270k. The average days on market for homes that sold was 93. The same period in 2008 for the Fort Mill/Tega Cay area totaled 75 closings. The average list price in July 2008 was $299k with an average sale price of $291k....(read more)

8k Tax Credit can now be used towards down payment

2009-05-14T15:29:00Z

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, on Tuesday said that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit....(read more)

Charlotte area closings grow in April

2009-05-08T19:39:00Z

Charlotte area closings grew last month by 6.1% from March. There were 1,773 closings in April compared to 1,671 in March. The average sales price rose 5% to $201,532 up from $191,433 in March. These numbers could signal a turn around in Charlotte but they are still down compared to the same time last year. April 2008 showed 2,400 closings with an average sales price of $221,497....(read more)

Pulte to Buy Centex Homes

2009-04-08T12:32:00Z

Pulte Homes has agreed to buy Centex in a stock for stock deal that will create the largest home building company in the nation. Both builders have a strong presence in the Charlotte home building market. Centex currently has 20 neighborhoods in the Charlotte area and Pulte Homes currently lists 13 neighborhoods on their website. It will be interesting to see how this deal will affect their Charlotte operations. Some of these neighborhoods are in direct competition with each other. Centex, currently...(read more)

New Home Inventory Incentives for Buyers

2009-02-11T16:53:00Z

Westport Homes is offering a 4% 30 year fixed interest rate for Buyers that can close within 30 days on one of their inventory homes. Inventory Home prices have been reduced and there are plenty of options to chose from. Prices range from the 120's to the 280's. Contact me if you would like more information or a list of Current Inventory homes that qualify for this great incentive....(read more)

Does Fort Mill need another Wal-Mart Already?

2008-03-14T05:04:00Z

The brand new Tega Cay Wal-Mart has barely been open a week and now there is confirmation that Wal-Mart has purchased a large tract of land near Regent Park in Fort Mill to build another store. This store will be located on Hwy. 21 near the NC state line. The new store doesn't plan to be open until late 2010. Below is a link to the Charlotte Observor article. Another Wal-Mart...(read more)

FHA Institutes New Temporary Loan Limits to Help Families Avoid Foreclosure

2008-03-09T01:44:00Z

As part of the 2008 Economic Stimulus Package, HUD recently announced that they will be temporarily raising loan limits which will allow more people to qualify to finance their home with an FHA loan. The new act will permit FHA to insure loans on amounts up to 125% of the area median house price. The new loan limits are already in effect and last until Dec. 31 2008.

The new FHA loan limit for the Charlotte area is now $303,750. For more information on FHA loans and to read the entire article check out the link below.

FHA Loans

Charlotte one of America's Undervalued Real Estate Markets

2007-12-03T17:29:00Z

Here is an interesting article about Real Etate Markets and values in the US. This article from Forbes Magazine gives good insight as to why Charlotte's Real Estate market has remained strong despite downturns in the rest of the country.

Check out the entire article below and feel free to contact us if you have any questions about moving or living in the Charlotte area.

America's Undervalued Real Estate Markets