real estate market: Real Estate Market Trends and Housing Forecast - 10/23/13 04:45 AM
Today I was able to sit in on a presentation given by the National Association of Realtors® chief economists Lawrence Yun.  Lawrence has also been recognized as one of the top 10 economic forecasters and was able to give us some great national and local information about what is going on in the real estate market.

The Housing Market is Recovering and we will see Home Prices Increasing over the Next Five Years!!!
Expect a strong multi-year housing formation bursting out!!!
The presentation started with Lawrence explaining how the government shutdown effected the current real estate recovery.  He made it … (0 comments)

real estate market: Today's Real Estate Market and Today's Home Buyer - 09/29/11 04:28 AM
After watching the most recent real estate update by Steve Harney (a respected national real estate expert) there is some information that is important that the public understands. First we need to look at who is today's home buyer.  It is the first time home buyer and investors.  The volatile stock market and employment uncertainty has definitely affected the high-end market.
In our office, consisting of 96 agents that covers the entire Charlotte market, our average sales price to list price is up to 91%....it was staying around the 87% mark for several months but we are finally seeing this number creep back higher.  Our average … (0 comments)

real estate market: How did September 2010 compare to the previous 7 years? - 10/25/10 09:46 AM
Charlotte Real Estate Update
Forbes.com released an article today that explains how September 2010 stacks up against August 2010 and Sept. 2009.  I want to look at how Charlotte's real estate market in September 2010 compares to what we were seeing in previous Septembers.
Here are the numbers....


Charlotte's Real Estate Activity in September 2010:
What is interesting is that last month we had the lowest number of new listings, the lowest number of pending contracts, the lowest number of closed units, and the lowest list price to close price percentage.
Is this good news for sellers in Charlotte???
The lower level of total … (0 comments)

real estate market: Charlotte's average "Days on Market" isn't too high...Your List Price Is!!! - 09/21/10 05:45 AM
Charlotte's average "Days on Market" isn't too high...Your List Price Is!!!
Finally three years into the business and I am completely fine turning down any listing I think is over-priced or a waste of my time and money.  Many who are first starting in real estate want to get their signs in peoples front yards.  I understand this because this is where I was a couple years ago.  What I learned is that those overpriced listings do not produce quality buyer leads and do not help me build a trusting relationship with the sellers.
So far in September I have turned down … (3 comments)

real estate market: CNNMoney Spins June's New Home Sales Numbers to Sound Extremely Positive - 07/26/10 07:12 AM
CNNMoney Spins June's New Home Sales Numbers to Sound Positive
If you were reading the headlines today on the CNNMoney website you may think that the new construction housing market has made a complete rebound.  The article I am mentioning has a headline that reads "New home sales rebound 24%"
This is great news right?  Well, yes it is great news but if you continue to read it also states that the new home sales in June represent the second worst month since the numbers have been tracked, dating back to 1963.  While 24% is a huge increase, you must understand how bad … (0 comments)

real estate market: Are you keeping up with home values in Charlotte, NC? - 07/27/09 08:55 AM
In today's real estate market it is harder than ever to keep track of the market value of your property.  With so many short sales and foreclosures...the area's value can really change in a short period of time.  Some areas that are/were desirable have seen price decreases and may be rebuilding a different, not so popular, reputation.  
Our company, Allen Tate, has developed a program to help our clients keep track of their largest investments.  We call it Tate Drip.  It is a program that emails our clients once a day/week/month...whatever you prefer...to inform them of the market conditions in their area.  This email is also … (0 comments)