Hot Off the Press - 05/29/09 04:36 PM
HUD has announced again that FHA will allow the $8000 first time home buyer credit to be applied directly towards home purchase costs.  In typical HUD fashion, we have no other details, but will let you know as soon as we learn more.
 Interest rates spiked earlier in the week and sent the 30 year fixed rate up from 4.875% to 5.50%.  There are a lot of reasons stated for the spike, many of them complex, but it seems to be mostly due to the over supply of Treasuries. According the Mortgage Market Guide " The Treasury has literally been printing … (0 comments)

Can't Afford Dilworth???....Take a drive through Sedgefield in Charlotte, NC - 05/21/09 10:01 AM

Just south of the infamous Dilworth area in Charlotte NC you will find a subdivision called Sedgefield.  The homes in this neighborhood are not as large as the houses in Dilworth and there are not as many bungalow style homes...but the feel of the neighborhood is similar.  There are a lot of matured trees, street parking and the neighborhood is quiet.  The homes in Sedgefield were built in the late 1940's and early 1950's.  If you were driving down Park Road and were not familiar with Charlotte you may miss the subdivision all together or think that you are still in Dilworth.  The prices in this area … (0 comments)

Fifth and Poplar Condominiums in Charlotte NC - 05/08/09 11:28 AM
Fifth and Poplar, located at the intersection of 5th and Pine, is a popular condominium complex located in Uptown Charlotte, NC.  The complex is known for its luxurious amenities.  The community is gated with security, there is a workout room, concierge service, Starbucks coffee bar, dry cleaning, putting green, pool, grilling area and outside bar area.  The HOAdues have recently been raised (some units are over $500/month) because they are having to repair a problem with the roof.  The dues are expected to be lowered once the repairs have been made. 
I prefer the units that have views into the courtyard.  During the summer months the area … (0 comments)

Why first time home buyers should purchase now - 05/05/09 11:29 AM
Here are four solid reasons to get other there and start looking at your local real estate opportunities now:

1. Don't be fooled, the stock market is going to continue to be turbulent for some time. There were some stock gains in March. In fact, it turned out to be one of the best growth months the market has experienced in the last fifty years, will be returned in the form of profit taking. But there is a very good chance that many of the numbers we are seeing in the financial markets now are an indication of a recovery … (0 comments)