lake norman: Idea for a new mortgage program - 05/16/08 03:41 PM
Okay- call me simple but i have an idea- well maybe it's more of a dream but here it goes... the decline in the real estate market is based on a myriad of issues. One main issue is that they have really tightened up on giving any Tom, Dick, or Harry a mortgage. This actually is not a bad thing- all the 100% financing, no income verification thing was getting WAY out of hand. This, of course, is one of the reasons why foreclosures are out the roof.
Anyway, my idea is really more for the family who make a nice … (9 comments)

lake norman: Charlotte- a bit happier than the rest - 05/15/08 04:11 PM
Well according to what I've read we're pretty lucky to be selling real estate in Charlotte. Though there may be an overall decrease in home sales/prices in the US, Charlotte is the only city that has shown an increase in housing prices- be it only a mere 1.5%. I'm glad to be hanging in there with at least a small growth!! Unfortunate markets like Vegas and Miami are really suffering right now. On a positive note- things are bound to get better. My prediction: another 6 months and we'll be on the upswing- how's that for positive thinking?? Thought all you … (3 comments)

 

Stacey Fregosi

Cornelius, NC

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Lake Realty

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