lake norman home sales: Lake Norman Home Sales December Hot Sheet
- 12/26/09 12:33 AM
This month may be one of the most significanat to date for gaining a clearer sense of direction for our future Lake Norman real estate market. We know that November experienced stronger sales due in part to the expectation of the expiration of the first-time buyer tax credit. If sales continue to show improvement this month, it may be an indication that the bargains are drawing more and more buyers into the Lake Norman housing market. One interesting thing I have observed is that many banks want properties off their books by the end of the year. I just has a short sale approved … (3 comments)
lake norman home sales: Lake Norman October Homes Sales Report
- 11/08/09 11:10 PM
Wow, what a month this has been for not only Lake Norman real estate but our national real estate market! Hot of the press, of course, is the big news that President Obama signed into law yesterday the newly revised and extended Homebuyer Tax Credit! Not only does this legislation extend the $8,000 first-time home buyer tax credit to April 30, 2010, it also adds an exciting new provision. As of yesterday and through April 30, 2010, homeowners who have lived in their primary residence for 5 consecutive years out of the previous 8 years will be eligible for a tax … (1 comments)
"Credit shortage has strangled recovery; households are in bunkers under collapsed net worth, and not coming out until home values are safe." (Lou Barnes, Inman News)
"The jumbo loan mod ‘pipe dream'" (Bernice Ross Inman News)
‘Mortgage Delinquencies - The Coming Storm....While subprime mortgages sparked the first round of housing problems two years ago, now troubles are lurking further up the food chain...White-collar job losses have accelerated while more adjustable-rate loans to prime … (12 comments)
lake norman home sales: Lake Norman Real Estate's August 2009 Sales Analysis
- 09/04/09 03:51 AM
If you have been following the national real estate news about pending sales being on an upward trend as well as closed home sales in some states, you might have an overall sense that we have hit bottom and are slowly but consistently improving. But, we need to keep in mind that we always have a seasonal increase in sales monthly from April through July. Locally our August numbers took a significant dip. It will be very interesting to see the national housing numbers for August when they are released. I have been working with a lot of Lake Norman buyers and … (3 comments)
lake norman home sales: Lake Norman NC July 2009 Home Sales Analysis
- 08/03/09 12:59 AM
Last week seemed to be one in which every source/pundit of economic news decided to put a positive spin on new data; from our GDP to national June housing sales. For the most part the news was good simply because we didn't do as badly as predicted. Or, in the case of North Carolina existing home sales, they posted their "smallest decline since August 2007 in June with a 17% decrease in total units sold compared to the previous year" according to the North Carolina Association of Realtors. What concerns me is that this type of news will encourage more optimism in … (6 comments)
lake norman home sales: Lake Norman NC 2nd Quarter 2009 Sales Analysis
- 07/04/09 12:24 AM
If you are a regular reader of my Lake Norman Real Estate blog, you will know that I provide three different types of sales analysis: 2-week snapshots called Hot Sheets for up-to-the minute Lake Norman housing data Monthly sales reports which compare it to the previous year and prior month Quarterly sales reports which provide two separate reports; an overview of the 2nd quarter and then a break down by price-range.
IMPORTANT FINDINGS Our current inventory of active listings has actually dropped by 11%. While they are still too high, this is certainly a move in the right direction. … (1 comments)
lake norman home sales: Lake Norman April 2009 Home Sales Update
- 05/03/09 01:44 AM
Whether you are a potential home buyer considering the greater Lake Norman area or a Lake Norman homeowner trying to determine the best time to sell, it has never been more important to be informed in every possible way about our local Lake Norman real estate market. Our Lake Norman housing market continues to change rapidly. What was true even a month ago may not be true today. That said, here is the summary of Lake Norman single family home sales and statistics for this past April. (The period ending yesterday):
Active Listings: Our total number of active … (4 comments)
Above is a chart with today's "Hot Sheet" numbers from the Charlotte Multiple Listing Services for single family homes in Lake Norman (Area 13). These numbers represent a snapshot of the past TWO WEEKS of activity. As always, I have provided the Hot Sheets for the prior 5 months to enable you to put these numbers into context. Here are some highlights: New Listings remained about the same as last month but are very high if you consider that only 19 properties closed during this same time … (6 comments)
lake norman home sales: Lake Norman Real Estate Market Report: 1st Quarter 2008
- 04/03/08 02:24 AM
We have just closed the books on the 1st quarter 2008 of home sales in Lake Norman (Area 13 above) and as one might expect, the numbers certainly substantiate a continued buyers market with a very large inventory of active listings compared to the number of homes sold. As I stated last quarter, there is no doubt that our Lake Norman home sales have been greatly impacted by the number of "transplants" who traditionally relocate to our area in the spring as they are still struggling to sell their homes in the Northeast, Midwest, California and Florida. Home buyers considering Lake Norman are … (1 comments)
This month may be one of the most significanat to date for gaining a clearer sense of direction for our future Lake Norman real estate market. We know that November experienced stronger sales due in part to the expectation of the expiration of the first-time buyer tax credit. If sales continue to show improvement this month, it may be an indication that the bargains are drawing more and more buyers into the Lake Norman housing market.
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