Yes its bad out there. It is hard to turn on the TV news and not see something Bad about Housing.
Our market hovers between 50 and 65% of 2007 volume, but that means we have a similar sales volume to 2003. But prices are doing much better
A Texas Broker hit it on the head when she stated:
All Real Estate Is Local. ALL. You Wouldn't Check the National Weather to determine what kind of coat to put on today, Would You?
January so far has produced 2 new sale contracts for buyers, and two sales for bank owned homes as well. Plus 6-8 new client calls, and more than 30 new email inquiries. The weather's not so bad here either.
Charlotte Home Buyer Resources
So why do we listen to the national talking heads? Here is the deal: 60% of all foreclosures are in 4 states, California, Nevada, Arizona and Florida. The remainder? Most are localized in the industrial heartland, Michigan, Ohio, Pennsylvania...
PMI, Private Mortgage Insurance, the giant, rates the risk of price declines over the next 24 months, and if you look, 2/3s of the 381 markets measured have a low to minimal risk of price loss.
For the Full Story, including the PMI analysis with a foreclosure map of the US, See my post at Charlotte Real Estate
I've created several new pages at TerryMcDonaldRealEstate, one with tips on buying homes in this new market we are in, how to reduce risk and buy smart, see it at Charlotte Real Estate- Home Buyers
If you are interested in buying a new home, here in Charlotte I can only recommend you buy Inventory and buy at a discount...
See our new page and find tips on Buying a new home in Charlotte I had a closing Friday, and in an outlying suburb, on a $250,000 sale, the builder wrote a check for $32,000 to close the deal. It was a beautiful new home, nice community, originally listed at 339,000, lowered to $279,000 when we saw it. The appraisal came in at 303,000, that is a discount.
------
We are Charlotte Buyer Agents and work only for you. 704-351-1519 Charlotte NC Terry's Introduction to Charlotte, Over 10,000 views You Tube views-#1 for a search Charlotte NC,
About Charlotte NC Charlotte Homes For Sale Charlotte Luxury Homes For Sale First Time Home Buyers
.
;)
;)
