Archive for June 24th, 2009

Charlotte Real Estate: Some Good news and Some Bad

June 24th, 2009 categories: Market Trends

Honey it’s about the car; the good news there’s not a scratch on it and it’s clean, the bad news…..

American real estate is at best a mixed bag – we seem to be taking one step forward and a half step back. Don’t get  me wrong that’s an improvement from not too long ago when we seemed to be taking two steps back and back and back.

In today’s Charlotte Observer Stella Hopkins declares that while things are still tough in Charlotte…

“There are several factors helping sustain Charlotte-area prices. For one, they didn’t rise as sharply as in some bubble markets and so they didn’t have as far to fall. Also, the area has not been as hard hit as some by foreclosures.”

According to the National Association of Realtors purchases actually rose 2.4% in May (the good news) “…marking the second monthly gain in a row, spurred by tax breaks for first-time homebuyers and lower mortgage rates.”
So what does this mean for Charlotte home buyers and sellers and….yes you the fence sitters?

1. If you’re looking to buy a home now is a really good great time (especially if you are in the market for homes priced $300,00 and above)
2. If you’re looking to sell your home– make sure you hire an excellent, hard working Realtor, someone who is succeeding in this market – Charlotte MLS Listings Pendings Sold.
3. If you’re a first time home buyer (including those who have not owned a home in three years) don’t miss out on Uncle Sam’s $8000 tax credit!

And just an observation we talk to an awful lot of people in New York, California, Michigan, Florida etc who are saying “as soon as I can sell my house I’m moving to Charlotte” we rarely hear people who live in Charlotte saying they want to move to another city – just sayin’.

Authored by Mike Gibbons | Discussion: Your Comments Please »