Charlotte Real Estate News

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

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...