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Each month AR runs numerous contests as a way for our members to engage in activities
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These state pages or hyper-local pages provide content directly related to a specific geographical location.
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Let's Not Revive the First Time Home Buyer Tax Credit - 08/30/10 12:28 PM
July 2010's miserable residential real estate sales have, once again, renewed fears of a double dip recession and more trouble ahead for the housing sector. In many parts of the country, the end of the $8,000 First Time Home Buyer Tax Credit at the end of April created a sales bubble that resulted in sales in July down 27% year over year: hitting historically lows. As this is an election year, the government and our representatives now trying to come up with ways to reverse this trend quick. One such way is to revive the home buyer tax credit again. While I (4 comments)
We are looking for fun, high-energy people who are just starting the process of selling their first place! Our cameras will be there to capture all the trials and tribulations, stress and success of prepping for sale, pricing, negotiating, and ultimately selling a home for the first time. Taping will begin in Fall 2010 and will continue through Spring 2011. Ideal candidates will be motivated, financially candid people who want to share the experience and the purchase (0 comments)
Rap star Chamillionaire admitted to TMZ in June that he simply walked away from a mansion that he owned outside Houston as the market tanked. "So I just decided to make a business decision, to let it go, give it back to the bank. I just didn't feel like it was a good business investment to keep paying that much mortgage for a house that I'm never at." If Chamillionaire did that in North Carolina and had consulted an attorney, he would have been advised that strategically defaulting on the mortgage is a poor decision. While the thought is that the (2 comments)
Via Jaime Kosofsky (Brady & Kosofsky, PA): SHORT SALES IN NORTH CAROLINA
Over the past couple of years I have observed the rise of the Short Sale. At a recent National Reo Brokers Association function, the President of REOMAC, one of the major default industry trade organizations indicated that 2010 would be the year of the ShortSale... This would be great if there was a way to get short sales negotiated and closed within a reasonable amount of time. As a practicing member of the North Carolina Bar, I am attuned to the North Carolina Bar disciplinary actions, and I (0 comments)
Media reports Charlotte Sales Down 11.5%. Sales Actually Down 26.77%. Here's why - 08/12/10 02:04 PM
If you are reader of my blog, you get a different picture of the Charlotte Real Estate market than if you simply followed the local media reports on the Charlotte market. This became more glaringly apparent this month as my sales figures were 15% below the stats the local media reported on August 10th: REALTORS®: U.S. home prices make gains in 2Q - sales fell 11.5% in July - Charlotte Biz Journal Home sales, pending deals fall 11.5% in July - Charlotte Observer Real Estate Struggling in Charlotte - WBTV. Every local media outlet reported the same figures. Download July 2010 (0 comments)
Government to write down billions in mortgage principal for those who can pay their mortgage - 08/09/10 09:40 AM
A couple of days ago, I posted about a program headed to North Carolina through the North Carolina Housing Finance Agency, to help make mortgage payments to struggling homeowners facing foreclosure. Well, the good news is that you no longer have to be out of work or have a hardship to get the government to buy down your mortgage. Last week, FHA Commissioner David Stevens released a new HUD Mortgagee letter that introduces a new principal reduction refinance plan. No, I'm not kidding. So that you'll stay in your home and stop walking away, the government is offering to refinance your (6 comments)
Charlotte is Clunker'd following the end of the Home Buyer Tax Credit - 08/04/10 08:15 PM
Just a quick disclosure: This data was compiled on 8/4/2010 at 11:00am EST. Twelve more sales have been posted as of 5:30pm however most of the overall sales picture will not change that much. This represents single family and condo / townhouse sales in Charlotte North Carolina from 7/1/2010 - 7/31/2010. Detailed neighborhood breakouts of this data will be forthcoming.
The bright heavy green line in the chart above represents what happened to real estate sales in Charlotte during July: a nose-dive. With only 563 sales reported in the CMLS, July will record as the worst mid-summer month in well over (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.