Charlotte Real Estate News

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 ...

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 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 ...

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 ...

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 ...

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 ...

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 ...

Recently, the Office of Federal Housing Enterprise Oversight(OFHEO) released their annual review of the nationwide housing market. Nationwide, prices for the Fourth Quarter of 2006 were 5.9% higher than the same period in 2005.  According to this study by the OFHEO, the Charlotte area overall saw a 9.09% increase. NC and SC saw an average ...

Not only has Charlotte experienced a rapid residential housing boom over the past few years, we are also seeing growth in office and retail space as well. In the past few years the uptown Charlotte area has been dominated by residential condo project announcements such as 210 Trade and The Vue, with little heard in the way ...