foreclosures: No "Irish Luck" In Finding A Charlotte Foreclosure Or Short Sale Home? - 03/17/19 12:23 PM
 
Foreclosure And Short Sale Homes Hard To Find In The Charlotte, NC Region
 
Having trouble finding a foreclosure or short sale home to purchase in the Charlotte area and thinking the Luck of the Irish has abandoned you? You'll be glad to know it's nothing to do with the luck of the Irish. Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1% of total sales in February 2019, down from 2% in February 2018. As a percentage of closed sales for the past 12 months, it's even lower at 0.8%.
 
Why Foreclosure … (22 comments)

foreclosures: No Luck Finding A Charlotte Foreclosure Or Short Sale? Here's Why... - 04/15/18 08:44 AM
 
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1.3% of total sales in March 2018, down from 2% in February 2018 and down 0.5% compared with March 2017. Closed lender mediated sales for the 12 month period ending March 2018 were just 1.6% of total Charlotte region home sales.
 
If you've been searching for a distressed property bargain in the Charlotte metro area and not finding one, here's why:
                                          
Foreclosure … (20 comments)

foreclosures: Why You Can't Find That Foreclosure Bargain In Charlotte, NC - 05/15/17 05:16 AM

 
 
 
 
 
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low (2.1%) in April 2017. And that's .8% lower than at the start of 2017!
 
 
If you've been searching for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
 
                                         
Foreclosure sales were down 20.6% in April 2017 versus April 2016
                                  … (32 comments)

foreclosures: Home Foreclosure Rates Drop To New Lows {Infographic) - 06/16/16 11:36 PM
If you've been shopping for a bargain in a foreclosure home and having a hard time finding one, here's why:  foreclosure rates have dropped to a new post-housing crisis low and we are in the 54th consecutive month with year-over-year declines. 
 
Clearly, this is great news for home owners and the housing industry. But for buyers who still think they can find a great foreclosure bargain, not so much.
 
 
 
HOW DOES THE CHARLOTTE, NC REGION COMPARE?
The story is pretty much the same in the Charlotte, North Carolina region where in May 2016 foreclosure sales were down 12.6% compared with the same month the … (24 comments)

foreclosures: Foreclosure & Short Sales At Lowest Levels In Charlotte Region - 05/15/16 09:37 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low (2.7%) in April 2016.  If you've been looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
                                                      
Foreclosure sales were down 49.6% in April 2016 versus April 2015
                                        … (24 comments)

foreclosures: Foreclosure & Short Sales Homes Remain In Short Supply in Charlotte - 12/19/15 11:57 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low (below 4%) in November 2015.  If you've been looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
 
Foreclosure sales were down 30.4% in November 2015 versus November 2014
Short sales were down 45.8% in November 2015 versus November 2014
Foreclosure and short sales accounted for only 3.9% of total Charlotte region home sales in November 2015, down from 6.0% in November 2014. So one reason it's hard to find that "bargain" is because there … (20 comments)

foreclosures: Foreclosure & Short Sales Remain Low In Charlotte Area: September 2015 - 10/22/15 06:55 AM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low in September 2015.  If you've been looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
 
Foreclosure sales were down 12.7% in September 2015 versus September 2014
Short sales were down 19.6% in September 2015 versus September 2014
Compare this with an increase of 7.2% of non-distressed property sales. Foreclosure and short sales accounted for only 4.0% of total Charlotte region home sales in September 2015, down from 5.3% in September … (8 comments)

foreclosures: Foreclosures & Short Sales Continue Falling In Charlotte, NC Region - 09/09/15 11:58 PM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall.  If you're looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
Foreclosure sales were down 32.1% in August 2015 versus August 2014
Short sales were down 18.0% in August 2015 versus August 2014
Compare this with an increase of 8.2% of non-distressed property sales. Foreclosure and short sales accounted for only 3.5% of total Charlotte region home sales in August 2015, down from 5.1% in August 2014 and down … (18 comments)

foreclosures: Foreclosure & Short Sales Continue Falling In Charlotte, NC Region - 07/18/15 07:04 AM
Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continue to fall.  If you're looking for a distressed property bargain in the Charlotte metro area and are having a hard time finding one, here's why:
Foreclosure sales were down 26.4% in June 2015 versus June 2014 Short sales were down 41.1% in June 2015 versus June 2014 Compare this with an increase of 18% of non-distressed property sales. Foreclosure and short sales accounted for only 3.9% of total Charlotte region home sales in June 2015. So one reason it's hard to find that … (14 comments)

foreclosures: Still Waiting On That Great Foreclosure Deal In The Charlotte Region? - 07/09/14 12:11 AM
Still Waiting On That Great Foreclosure Deal
In The Charlotte Region?
 
I'm still getting lots of requests from prospective home buyers in the Charlotte region for a "great foreclosure deal." If you've been waiting on that great foreclosure deal in the Charlotte area, it would appear you'll be waiting for a while, as I've been saying for over a year now.
This week, Corelogic reported that completed foreclosures during the month of May 2014 were down by some 9.4% nationally versus May 2013. They also reported that approximately 660,000 homes were in some stage of foreclosure in May 2014. That's a staggering reduction … (2 comments)

foreclosures: How Foreclosures Affect Children - 07/18/12 01:26 AM
 How Foreclosures Affect Children
 
Has anyone picked up today's article in DSNews about the impact of foreclosures on children? I must admit, until I read this I never gave this particular subject a lot of thought, despite the fact that foreclosure now apparently impacts some eight million children in the US.
 
The key points of the article include:

Children suffer more than anyone from a foreclosure.
There's a strong link between the rate of foreclosures and the rate of physical child abuse!
Researchers apparently found a 3% increase in physical abuse, 5% increase in traumatic brain injury with each 1% increase in 90-day mortgage delinquencies.
(0 comments)

 
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Nina Hollander

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Charlotte, NC

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