Roger Preswood-Plasma Realty

Just Listed! 2709 Cloven Place in Charlotte

Roger Preswood — Tue, 17 Nov 2009 14:53:00 GMT

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

Roger Preswood — Fri, 06 Nov 2009 17:08:00 GMT

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...(read more)

Plasma Realty Superbowl XLIV 50" Plasma TV Contest

Roger Preswood — Thu, 01 Oct 2009 17:20:00 GMT

Note that this information is outdated.

Facing Foreclosure?

Roger Preswood — Wed, 02 Sep 2009 14:08:00 GMT

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...(read more)

New Home Sales up 9.6% Nationwide

Roger Preswood — Thu, 27 Aug 2009 13:40:00 GMT

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...(read more)

Charlotte Home Prices up in 2nd Quarter

Roger Preswood — Tue, 25 Aug 2009 17:55:00 GMT

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...(read more)

2nd Quarter Home Sales up Nationwide in 39 states

Roger Preswood — Wed, 12 Aug 2009 19:36:00 GMT

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...(read more)

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

Roger Preswood — Wed, 05 Aug 2009 17:53:00 GMT

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...(read more)

8k Tax Credit can now be used towards down payment

Roger Preswood — Thu, 14 May 2009 15:29:00 GMT

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...(read more)

Charlotte area closings grow in April

Roger Preswood — Fri, 08 May 2009 19:39:00 GMT

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...(read more)

Pulte to Buy Centex Homes

Roger Preswood — Wed, 08 Apr 2009 12:32:00 GMT

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...(read more)

New Home Inventory Incentives for Buyers

Roger Preswood — Wed, 11 Feb 2009 16:53:00 GMT

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...(read more)

Does Fort Mill need another Wal-Mart Already?

Roger Preswood — Fri, 14 Mar 2008 05:04:00 GMT

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....(read more)

FHA Institutes New Temporary Loan Limits to Help Families Avoid Foreclosure

Roger Preswood — Sun, 09 Mar 2008 01:44:00 GMT

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

Roger Preswood — Mon, 03 Dec 2007 17:29:00 GMT

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