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 ...

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 ...

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 ...