December is upon us here in Lake Norman and with it comes crisp clear "Carolina Blue" skies, cool temperatures (It got down to 38 degrees this morning but warmed up to 62 degrees this afternoon) and the return of "seasonal waterviews". With the trees now bare those of us whose Lake Norman homes have "seasonal waterviews" have seen our views transformed from thick and beautiful trees to expansive views of Lake Norman! For this month's calendar I chose this photo of our North Carolina bird the Cardinal because of its naturally beautiful red feathers. Perfect for this holiday season! To make your desktop … (7 comments)
The weather has been perfect ever since the heavy rain and winds left our Lake Norman area late last week. This morning I looked out to see a beautiful sunrise so I decided to grab my camera and try to capture it for my blog readers. Like many Lake Norman sunrises, the water was absolutely still creating a visual mirror image of everything in view. There was a mystical layer of fog hovering just above the surface. It was hard to believe that some miles away it was a typical Monday morning with the I-77 filling up with commuters. This is why so many of us … (18 comments)
lake norman real estate: 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)
October is truly one of my favorite months on Lake Norman. The skies are crisp and clear, the temperatures mild (today's high is 75) and the Lake Norman shoreline becomes ablaze with color. Our trees are just beginning to change but over the next four weeks the Dogwoods will turn a deep red, then the Maples and other trees follow, each with their own spectacular series of colors. To make this your desktop calendar, go to: Lake Norman Real Estate, click on the round button at the top of this site's home page entitled: "Lake Norman Calendar"and up will come an image … (12 comments)
The future of our Lake Norman Real Estate market may depend as much on government and financial regulations and the progress of the US economy as it does on our local economy. Nationally, the housing market has been greatly impacted by new regulations that have made the ability to get home loans much more difficult. Since we rely so much on relocation buyers, Lake Norman's housing market gets hit twice, once with the difficulty of folks wanting to relocate here having problems selling their homes and once because our potential Lake Norman home buyers are having a hard time … (30 comments)
Lake Norman is an incredible place to live, particularly if you own a waterfront home or a boat. But, what if you want to go sailing or rowing on Lake Norman and you don't have a boat? Thanks to the generosity and passion of some local sailors and rowers, North Carolina Community Sailing and Rowing, a 501(c) (3) non-profit organization working in partnership with Mecklenburg County and Cornelius Parks & Rec Departments, recently opened to the public offering sailing and rowing programs on Lake Norman for all ages and abilities. What is great about this new Lake Norman sailing and rowing program is that the boats … (2 comments)
Some would argue that an analysis of any two-week period in our Lake Norman real estate market is simply too short a time time frame to be meaningful. However, I have found that these monthly two-week reports, especially when put in context with the past 5 months, can actually provide us with a good pulse on trends in the Lake Norman housing market. Today's report is a great example of this The above chart is a summary of today's "Hot Sheet" from the Charlotte Multiple Listing Service for single family homes in all of Lake Norman (area 13). These numbers represent … (1 comments)
Walking into Mooresville's lavendar BOUTIQUE you might just think you were suddenly transplanted to a shop on Rodeo Dr. in Beverly Hills or New York City except for one big difference: you will instantly feel welcome by the warm and friendly "shop girls" . Designer fashion with Southern hospitality, what could be better? There is no doubt that Lake Norman has a casual, lake lifestyle. That is why lavendar BOUTIQUE's emphasis on designer denim is both smart and successful. Transplants like myself (from California) who have adopted Lake Norman's wonderfully casual ways still want our favorite brand of jeans and we don't … (0 comments)
In today's real estate market, both here in the Lake Norman area as well as the entire country, economic data changes daily. This is especially true of the number of home foreclosures. And it is particularly difficult to stay on top of our local numbers as they are not as readily available. That is why I got pretty excited when I learned about this interactive map on the National Public Radio's website: Interactive Map: The Economy Where You Live. If you click on the link a map of the United States will appear with the option to search three different numbers BY … (2 comments)
lake norman real estate: 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)
September is here and it already feels like fall on Lake Norman. The humidity of the lazy days of summer has been replaced by invigoratingly fresh air and cooler temperatures. Some of my favorite events in Mooresville and the greater Lake Norman area occur in September; from the Denver Days Fall Festival to the Amazing Maize Maze to the just too fun Wiener Races. (Yes, I mean Dachshunds!). However, for this month's photo I decide to peak ahead to October and the 36th annual Carolina Balloon Fest on October 23-25. Many don't know that Statesville (and Lake … (14 comments)
Mark you calendars for this Friday, August 14th, 2009 from 6-9 pm for the popular and growing "On the Corner of Art and Main"monthly gallery crawl in Historic Downtown Mooresville! "The Corner of Art and Main" is an artwalk featuring live music, art and festivities. Enjoy wine and cheese as you browse the many shops on Main and Broad Streets that will be featuring the works of local artists. This Friday's artwalk coincides with the Depot Fine Gallery's August Exhibit free opening reception from 6-8 pm. (105 West Center Avenue in the historic train depot). This month's exhibit features three … (0 comments)
There has been so much speculation in the economic news about the U.S. housing market that I decided we needed a reality check. There is nothing better to shed some light on our Lake Norman Real Estate market than a visit to our Multiple Listing Service. The above chart is today's "Hot Sheet" from the Charlotte Multiple Listing Service for single family homes in all of Lake Norman (Area 13). These numbers represent a real time snapshot of the past two week's activity. As always, I have included the past 6 months so … (3 comments)
Those of us who live down Lake Norman's infamous Brawley School peninsula know only too well that construction is well under way on the two-year widening project. The large, orange sign "warning, expect delays" blinks at us daily although by now we pretty much know what to expect. One of my fellow Brawley School friends/clients asked me at lunch yesterday whether I had seen any renderings of the completed project and details as to whether there would be bike lanes, landscaping and other details which I hadn't. So, today I made full use of Google and uncovered … (7 comments)
Lake Norman has come to life in the past month; the water is warm, school is out and the boats, jet skis and water sports of all kinds are going on throughout the lake! I am now having a continual flow of out-of-state buyers, especially from the Midwest and Northeast, coming to see our waterfront homes for sale. Of course, the million dollar question is: Is this a good time to buy a waterfront home? During the past two years, the overall Lake Norman real estate market has slowed significantly. The only price ranges that have good activity are those … (3 comments)
If you drive north along Perth Rd. on a regular basis you may have noticed the quiet evolution of a garden center and nursery on the right just before you get to Fern Hill. Unless you have taken the time to stop inside and talk with local owner Robbi Grayson, what you won't know is just how special Lake Norman Gardens is now and how very exciting it is going to be very soon! What started as a lawn and garden center focused on "bulk products", according to Robbi, has evolved into "Perth Road Community's one … (5 comments)
Yes, it is a buyers market here in the greater Mooresville and Lake Norman area. We have at least 4 times the number of listings as we should. Given this, one would expect that it would be easy to be a buyer in Lake Norman but in fact more often than not it isn't. In the 4 sales I had this past month, I represented buyers in three of them. And, all four transactions were much harder/more tedious than the typical sales. Why? Because the national and local economies are erratic AND because in a downward trending real estate market and an extremely tight lending … (6 comments)
The recent uptake in home sales, both here in Lake Norman and throughout many parts of the country has led to a flurry of speculation about whether we have hit the bottom of the housing market. This week the National Association of Realtors came out with some strong "Pending" numbers (homes that are under contract and ready to close) in their Pending Home Sales Index and painted a rather upbeat picture of the national housing market's future. Federal Reserve Chairman Ben Bernanke told Congress on Tuesday the "housing market is beginning to stabilize and the recession should end later … (7 comments)
lake norman real estate: 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)
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