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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Donald Trump may be expanding his real estate empire to Charlotte in the near future. His company is in the process of trying to acquire an entire city block in uptown Charlotte on Tryon Street. Below is a link to the article in the Charlotte Observor.
Trump to Charlotte
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Nationwide, new home starts were up 9 percent in February, following a 14 percent drop the month before. Construction of new single-family homes was up 10.3 percent. Permits however were down 2.5 percent in Feb. and off 28.6 % from last year.
Here is a link to the entire article:
NAHB Housing Starts
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