Charlotte Real Estate News

Existing-Home Sales Highest Level in 2-1/2 Years

2009-11-23T07:50:00.000-08:00

The National Association of Realtors said sales of previously owned homes increased 10.1% in October, that's the highest increase since February of 2007.

The increase was mostly attributed to the $8,000. tax credit that was due to expire in October - 2009.

The government has since extended the $8,000. tax credit to first-time home buyers and also added a credit of $6,500. to buyers who have owned their home for at least 5 years.

With interest rates at the lowest level in 30 years, now is the best time to buy a home.

Full Story

Home Sales Pick Up - Prices Stabilize

2009-11-09T07:31:00.000-08:00

US home values stabilized and home sales rose in the third quarter of this year. A good sign of things to come.

Full Story

CNBC.com

Home Prices Rise 1.2% in August

2009-10-27T06:33:00.000-07:00

Home prices were up 1.2% in 20 major cities in August. This may be a sign that the housing market is beginning to stabilize.

Full Story

FOXBusiness.com

Existing Home Sales Up 9.4%

2009-10-23T07:37:00.000-07:00

Sale of existing homes rose to their highest level in almost two years in September.

FULL STORY

FOXBusiness.com

Do rising home sales mean recovery?

2009-08-27T08:23:00.000-07:00

Maybe, but as CNBC reports, a 5% gain against a 40% drop isn't much to shout about - not to mention that most sales are of distressed properties.

It's still the best time ever for first-time home buyers! Low rates & low prices!

Full Story
CNBC.com

"New home sales surge in July"

2009-08-26T12:12:00.000-07:00

New home sales increased for the 4th straight month in July. This was the single biggest monthly gain since February 2005.

Source

CNBC.com

"Home prices up again in June!"

2009-08-25T06:32:00.000-07:00

Prices of single-family homes rose again in June.

The 3 year housing slump may be easing!

Now is the best time for first-time homebuyers!

Historic low rates and low housing costs.

Source:
CNBC.com

Home sales Jump 7.2% in July!

2009-08-21T07:10:00.000-07:00

"Sales of previously owned U.S. homes in July notched their fastest pace in nearly two years, an industry survey showed Friday, the strongest sign yet that housing was pulling out of a three-year slump."

"The National Association of Realtors said that sales jumped 7.2 percent to an annual rate of 5.24 million units, the highest since August 2007, beating market expectations for a 5 million unit pace. "

Source: CNBC.com

Mortgage Rates Lowest Since May

2009-08-20T09:23:00.000-07:00

"The average 30-year fixed home loan rate fell to 5.12 percent from 5.29 percent in the prior week. The 30-year rate was 6.47 percent a year ago."

Source - CNBC.com

Time is Running Out for $8,000 Home Buyer Tax Credit!

2009-08-19T07:48:00.000-07:00

Historical low interest rates and low home prices make this the best time to BUY a HOME!

First-Time home buyers - Don't miss out on getting an $8,000 tax Credit!

FULL STORY
CNBC.com

Rise in Existing-Home Sales!

2009-08-12T07:25:00.000-07:00

"A real estate group says U.S. home prices posted a gain in the second quarter, another sign that the ailing housing market is finally coming to life."

Full Story at:
CNBC.com

Pending Home Sales Up For Fifth Straight Month!

2009-08-04T07:26:00.000-07:00

Does this mean the real estate market is finally turning around?

Read the Full Story at:
CNBC.com

Mortgage Rates Drop To 30 Year Low

2009-03-26T11:04:00.000-07:00

Mortgage rates dropped today to a 30 year low of 4.85% on a 30 year fixed conventional loan.

Make sure you contact me to buy a home and take advantage of this historic opportunity.

Neil Braithwaite
RE/MAX Metro Realty
Charlotte, NC
704-609-2340

Full Story: http://www.cnbc.com/id/29894995

Foreclosures Up 30% in February 2009

2009-03-12T05:36:00.000-07:00

RealtyTrac reported Thursday that foreclosures are up 30% from this time last year despite a halt by many banks and lenders.

At least 291,000 homes nationwide received some form of foreclosure notice last month.

Click here for full details:
http://apnews.myway.com/image/20090311/FORECLOSURE_RATES.sff_GFX846_20090311151155.html?date=20090312&docid=D96SEK3G2

$8,000 Home Buyer Tax Credit Available NOW

2009-03-06T08:37:00.000-08:00

An $8,000 Home Buyer Tax Credit is now available for 1st time home buyers as of January 1, 2009.

The Tax Credit Program will be available until December 1, 2009.

See further details at:
http://www.realtor.org/government_affairs/gapublic/american_recovery_reinvestment_act_home

Charlotte Home Sale Market - March 2009

2009-03-04T07:02:00.000-08:00

The Charlotte Real Estate market has seen a change in the last 18 months.

While prices have come down throughout the Charlotte metro area, there is still a lot of equity in most homes.

People who bought within the last two years will probably be hit the hardest with respect to equity value. However, if you have owned your home for 3 or more years, you should still have adequate equity value.

New construction purchased over the last 2 to 3 years has been most affected by the market adjustment.

If you need more information about the Charlotte North Carolina Market, please contact Neil Braithwaite at www.CharlotteHomeSeller.com