Stimulus News $789 billion - 02/12/09 03:40 PM
As you have probably heard, the Senate and House conferees have reached an agreement on the Stimulus bill totaling $789 billion.  While the details are still subject to minor changes, here is the latest.     
•1.       Tax Credit
•a.       The tax credit does not have to be repaid. 
•b.      The size of the credit is $7,500.
•c.       There will be income limits ($75,000 for an individual; $150,000 for a couple).
•d.      First-time homebuyers only.
•e.      Tax credit expires in September 2009 ( probably the 1st)
 Basically the House bill prevailed.  We understand the lack of Senate support for the bill undercut the … (0 comments)

Charlotte Real Estate Update for 2009 - 02/11/09 08:15 PM
The FUTURE -Charlotte is expected to add 24,000 households by December 2009!Look for changed consumer mindset focused less on luxuries. Look for higher density projects.
Buyers are taking on average, 12.1 weeks to purchase.
Sellers are taking a 10% hit on the sale of their homes but are gaining 10% when they buy.  If you want to move into a larger home, there is no better time than now.  Interest rates are at record lows.
The Charlotte residential market remains among the nation's most structurally sound!
Charlotte has seen an 11% discounting of prices in the 3rd Q of ‘08. Charlotte's new … (8 comments)