Charlotte, NC Real Estate is beginning to see signs of recovery and Lake And Town Realty is reaping some of the rewards.
Within the past couple of weeks we had a number of closings and our agents are still picking up buyer clients.
Here is a recent article from our local newspaper that has documented a few reasons and stats to the upswing of sales.
Low interest rates, a hefty tax credit, price discounts and pent-up demand helped push Charlotte-area home sales last month to their first gain of the downturn - and a big one at that.
Last month 2,210 houses, townhouses and condos sold in the region, up nearly 20 percent from October 2008, according to results released late Tuesday by the Charlotte Regional Realtor Association. That was the first yearly gain since February 2007, when the national housing slump began to hit the Charlotte area.
The big jump is the most robust signal yet of the local housing industry's recovery but still leaves sales below the 2003 level. The region's housing market held up for about two years into the national decline and also has lagged in the rebound. Existing home sales nationwide, for example, began rising in June compared with a year earlier.
The deadline rush helped push pending sales up more than one-third last month for MLS transactions. That's the second month in a row for a gain in pendings, which are signed contracts that haven't yet closed. They are an important barometer of closings to come.
November looks even stronger with loan closings on track to "be up well over double."
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