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Great News Cornelius!

newspaperAn interesting article appeared in Friday's Charlotte Observer. Due to copyright laws, I can not do a simple copy/paste, so I will do my best to summarize for you. The article can be found online at http://www.charlotte.com/, at least for the time being.

In an article titled "Price trends? Area stats among nation's best", columnist Allen Norwood brings out some very interesting details. According to this article, the National Association of REALTORS (NAR) issued a press release that had said that in the South, the Charlotte region (known as Charlotte-Gastonia-Concord) had the strongest SFR price increase. The current average according to the information was at $220,100 which is UP 11% from a year ago. According to the article, the press release was from earlier last week, and covered the third quarter of 2007 compared to the third quarter of 2006!

The article goes on to say that median home prices in most major metropolitan areas held steady or even climbed slightly.  A quote from Lawrence Yun, the REALTOR's top economist, was published in this article as "Some metro areas are hot, while others are experiencing localized problems." In other words, real estate is local.

excitedMy friends, that is great news! Amidst all the negative headlines declaring the housing market to be dead, the fact is that Charlotte housing is still strong. And while there is an indication that the market may be soft, prices are holding! For sellers, that's great news.

Even for buyers, that's a good thing! While there are a ton of homes to choose from, you can be confident that you won't buy something today that will lose value tomorrow!

Now is the best time to make a move. If you are considering buying or selling, do it now. Rates are still low, but will be climbing soon... very soon. Home lending options are still available for most buyers, even those with less than perfect credit! So, now is the time.

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Let me help you in the Cornelius area by getting pre-approved for a home loan today. From there we can get you in touch with the right REALTOR to help you sort through the big stack of housing options you have before you! Take advantage of this now, while the time is right!

Sincerely,

Ed Nailor

Ed Nailor

1st Metropolitan Mortgage
Charlotte, NC

Home loans in Charlotte, NC

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