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Charlotte, NC Real Estate News

By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
The Charlotte housing market has changed recently. Before, prices kept increasing constantly, but now, it is a more varied landscape. Some places are experiencing price increases, while others are witnessing price decreases.  This is different from the previous trend because prices just kept increasing.  We want to help you know why this change is happening. This knowledge can help you make decisions when buying or selling a home in Charlotte, NC.  Will Housing Prices Fall in Charlotte, NC?  The prices are changing in different parts of Charlotte. Some areas that used to cost a lot in 2021 and 2022 are now getting cheaper. But in other parts, the prices are going up.  Around June 2023, house prices in Charlotte were expensive, about $425,000 on average. That’s a big jump of 5.1% from ho...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Charlotte has many different neighborhoods. Some neighborhoods feel old and historic, while others are modern. These neighborhoods show how Charlotte keeps growing and changing over time.  This guide discusses how these neighborhoods are changing and what makes them unique. We’ll learn about what’s special in each area and why they appeal to residents.  Find the right neighborhood with this guide, whether you like old-style, modern, or a blend of both.  Is Charlotte NC Up and Coming? Charlotte Regional Business Alliance found that many people are moving here in Charlotte.  About 113 people picked Charlotte as their new home every day between 2021 and 2022. That’s a significant number! It shows that many people favor Charlotte’s living environment. Charlotte is getting more new residents...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Now is a great time to sell your home! With experts like Nancy Braun, you can make the most of this seller’s market.  This guide is your source for selling your home in Charlotte. The real estate market is changing, but right now, there are a lot of people searching for homes to buy.   You need to follow tips to guarantee a fast and profitable sale. These include finding the right agent, enhancing curb appeal, or making prompt repairs. In this article, we'll discuss these tips and more.  How Can I Sell My Home in Charlotte, NC? Selling Your Charlotte Home at the Right Price When you want to sell your home in Charlotte, getting the price right is super important. It makes your sales quick and profitable. But don’t worry. We’ve got tips to help you with this.   Look at Similar Recently So...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Chase, one of the leader wholesale lenders, has announced some big changes and modifications to their product line up.  Here are a few of the highlights: Elimination of their Alt A Products Elimination of the MyCommunityMortgage Interest Only Product Increase of Min Credit Scores for Non-Agency 30 and 40 year loans and Interest Only Loans Elimination of 100% Combo loans - Max combined max combo loans ( 95% Agency, 90% non-Agency) Elimination of all Non-Traditional Credit Elimination of internal underwriting of stated income loans Major changes to products in "declining markets" (which Charlotte is NOT!) These changes are being made in light of the lack of investor confidence in the marketplace. Unfortunately, the investors pay too much attention to the mass media that seem to just enjoy...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 If you're considering buying a new construction home, just one of the considerations to keep in mind involved what's located right next to the community. I've seen this happen in Charlotte NC real estate in more than one community so aside from the first step of taking your buyer's agent with you to visit the builder (builders pay buyer's agents commissions and most won't discount if you don't have an agent),  Find Out: Are there any undeveloped or large parcels right next to the community?Why is this important? If there are any large tracts of land or undeveloped properties right next to a new home community, the likelihood of those staying undeveloped is not great. As I said, this happens in real estate in Charlotte all the time.  So when a developer decides to build on that undevelo...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 For those of you outside the Charlotte/NC/Southeast area, for months now we've been in an "exceptional drought" with no end in sight. Water use restrictions started over the summer, and continued to get tighter leading to a ban on lawn watering/sprinkler use in September. Now some of the local landscape, irrigation and nursery business seem set to ask the city to exempt or loosen restrictions on them citing the economic effects to their businesses. I can see both sides of the issue, both the perspective from a business/livelihood standpoint as well as the city's duty to enforce conservation efforts in the community. I also can see though that the drought isn't improving and it just seems to me there should be a "reasonable person test" as far as what's essential and what's non-essentia...
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Local Charlotte North Carolina Mortgage Broker 100% Mortgage Financing with No Monthly Mortgage Insurance and with conforming rates!!!Yes, we have several programs that are still available to homebuyers who are looking to purchase a home with no downpayment requirement.DreamMaker Program - no property location restrictions, No Monthly Mortgage Insurance, 620 Minimum Credit Score - Non Traditional Credit is OK, Secondary Stated Income is OKRural Advantage Program - some property location restrictions apply, No Monthly Mortgage Insurance, 620 Minimum Credit Score - Non Traditional Credit is OK, Secondary Stated Income is OKUSDA Rural Housing Program - Property location restrictions do apply. This government subsidized mortgage product is for any borrower who is purchasing a home outside a...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
A chicken and a pig were walking down the road. Soon they were both very hungry. In discussing what they should eat, the chicken came up with a solution. "Let's eat eggs and bacon. We have all we need right here!" The pig was not so excited with this suggestion. "For you, it's a simple donation," said the pig. "For me, it means total commitment!"So what has that to do with mortages or real estate? It has EVERYTHING to do with mortgages and real estate! Click the link to read more. Feel free to comment there too!__________________________________________________This stimulating thought is brought to you by:The Ed Nailor Mortgage Team704-651-8704 Phone or visit www.EdNailor.comCharlotte home loansDedicated to educating, inspiring and assisting in the American Dream!
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 What's the word that no one these days wants to hear in Charlotte NC real estate? Real estate has it's own "c" word and if you've dealt with any you know I'm talking about "contingencies". From builders to sellers, no one wants a buyer who has a contingency on selling their home....especially if that home is in another state. There IS a difference between contingent on a sale (meaning there's no contract on the buyer's house) and contingent on closing (meaning the buyer has a contract and is heading to closing on their other house).  If you're a buyer looking for real estate in Charlotte NC and you don't have a contract well on its way to closing the house you need to sell, your chances of getting an offer with a contingent sale accepted are not looking good. Sellers are not very willi...
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By Geoffrey Lamb
(Short Sale Carolina)
Day 4 of my blog and I'm still remembering to add something. Hope I can keep it up. Not even sure what to say at this point except that I am way to busy to be writing this right now. Well, I on hold for someone up in VT. Trying to get thier opinion of an Internet service I'm thinking of using. Got lots of appointments in Charlotte today, so I'm keeping it short.
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 If you're looking to buy Charlotte NC real estate in a neighborhood that has a homeowners association, there are some things you need to find out. It's rare these days to find a newer neighborhood in Charlotte that doesn't have a homeowners association and a set of protective covenants.These covenants are put in place with the goal of protecting property values and maintaining an appealing aesthetic to the Charlotte NC neighborhood.  The covenants can range from fairly basic to highly detailed, so if you're looking in a particular neighborhood you need to know what is and is not allowed BEFORE you buy! Sellers should have (or be able to obtain) a copy of the most current covenants and any amendments that have been made, but if they don't provide that it's up to you as a buyer (and your...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Sales report for Dilworth, week-ending 01/11/2008 are as follows: To view active single family homes available in Dilworth, click here. Debe Maxwell is a Charlotte Residential Real Estate and Relocation Specialist who can assist you with the purchase and/or sale of real estate in Charlotte, NC or any place in the country by connecting you with a relocation professional in your destination of choice.  Debe has created a team of professionals throughout the country to ensure that YOU enjoy a smooth transition to your new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search.  Please visit www.debemaxwell.com/ for your relocation and/or your local needs.                                                Debe Maxwell- HELEN ADA...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
This market report includes only Mecklenburg County statistics.  In Mecklenburg County, we saw a surge of new listings and pending sales (pre-escrow) as compared to last week.  New Active Listings: 539 Under Contract: 231SOLD 01/05/2008 - 11/11/2008:  140Conditional: 64Contingent:  15Debe Maxwell is a Charlotte Residential Real Estate and Relocation Specialist who can assist you with the purchase and/or sale of real estate in Charlotte, NC or any place in the country by connecting you with a relocation professional in your destination of choice.  Debe has created a team of professionals throughout the country to ensure that YOU enjoy a smooth transition to your new area. These professionals are experts in the field of relocation and can serve many purposes beyond a simple home search.  ...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
So thank you to Eleanor Thorne for slapping me with a MEME and bugging me to get it done! LOL I guess this means that at least one person wonders about who Ed Nailor is, and that is a good thing in my estimation.So, in no particular order, here are 5 things you might not know about me..."I Don't Wanna Work, I Just Wanna Bang on the Drums All Day"That's right. I play the drums. Not professionally, more of a hobby. I have had the drummer bug since I was very young, but Mom and Dad never let me have drums for fear that I would make too much noise. (They were right!) So at 18, I began learning from a fellow church member how to play. I have been banging ever since. I don't have a set right now, so my steering wheel gets abused instead!"On my honor, I will do my best, To do my duty to God an...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
So, Hawaii and Florida may be known as 'vacation' states but, North Carolina is now the TOP 'migration' state!  A recent study by United Van Lines revealed that in over 200,000 interstate moves, NC had the largest number of newcomers and the least number of residents leaving the state!  Charlotte, The Queen City, has been extremely popular due to economic and job growth.  In a recent interview, our Charlotte Chamber of Commerce VP of research, Tony Crumbley, stated that it is 'fact that we are creating jobs and our quality of life' are other draws to our beautiful city.  The fact that our region enjoys a four-season year is also a big draw.  Charlotte's newcomers have reached about 80,000 per year!  Currently New York and Florida top the list of states whose residents are migrating to C...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 How many times have customer service reps heard that phrase? I bet some hear it several times a day. But have you ever said that to actually speak to a supervisor about what a great job the employee or rep did? I've done it and each time I do, the person I'm speaking to seems shocked that I would want to let their superior know I appreciate their hard work. Even when someone can't help me, when they've done the best they can and actually been polite and listened to my concerns, I have no problem letting their superiors know that they're doing their job well. When someone goes out of their way to help me I do the same thing. We're all too quick to go up the chain of command when we're unhappy (and I'm definitely one of those callers when service is lacking), why isn't the opposite true ...
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By Geoffrey Lamb
(Short Sale Carolina)
Ok, so today was crazy. I usually get up at like 5am and start reading email, most of it from visitors to www.LambRealtors.com who were looking for real estate the night before. (BTW, I don't really expect anyone to care about this, I just know I need to write something) Well today, I had one of those real estate company meetings we all love!! Actually not so bad since I really like everyone at my office and we only do them once a month. I used to really hate them with other companies but now, I'm starting to think I should just do them everyday! I don't know how it is for everyone else, but for me, the seller always calls you back or the buyer wants to buy a home for sale at the very minute you can't do anything about it. Today was no different. We're all sitting there, discussing how ...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
Let's take a look back over the last few years then and look at what's happened to prices and days on market for Mecklenburg County since that's a more accurate picture than data from the entire mls region.Below is data from Carolina Multiple Listing Service 3rd Quarter Reports (that's the most recent for 2007 so that's why I chose 3rd quarter) Year           Average Price         Average Days on Market              2003            $236,000                         83 2004            $228,600                         90 2005            $253,100                         75 2006            $265,400                         62 2007            $285,000                         65Overall, prices have gone up and days on market down. We're in a "downturn" right now yet our latest 3rd quarter avera...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Thank you to Eleanor for the inspriation on this post!A collegue of mine recently expressed frustration in dealing with a client. This client wanted to sell their home, but had recently watched Suzy Orman advise someone NOT to sell right now. As my collegue tried to explain to the client, "We do not live in one of those areas that are suffering from a major declining market", the client seemed to take Suzy's advice more seriously.Should we listen to Suzy? Or just ignore her? Here is what I had to say >> Read Entire PostOh and while you're reading the entire post, please comment on it there too!Ed Nailor____________________________________________________The Ed Nailor Mortgage TeamCharlotte Mortgages704-651-8704 Phoneor visit www.EdNailor.com 
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 It hasn't been officially announced yet but according to the Charlotte Observer, Charlotte's Mayor Pat McCrory filed paperwork with the NC Board of Elections that indicate he plans to run for governor of NC. Mayor McCrory was just re-elected to his seventh term as Charlotte's Mayor and has been in office during the extensive growth that we've seen in this city over the last decade. He's been an outspoken advocate for homeland security measures as well as light rail transit here in Charlotte which has had a tremendous impact on real estate growth in Charlotte NC's South Blvd corridor.  How would he do as governor of NC and will he have statewide support to win that position? Obviously he's popular enough here in Charlotte that we continue to keep him in office. NC's a large state and is...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 I'm just curious about the ads and coupons left in newspaper slots at Charlotte NC homes. I'm not talking about mailings that are actually delivered by the postal service, I mean the sheets of paper that get left in the newspaper slot (usually below the actual mailbox around here).   I've seen everything from carpet cleaning to dance lessons, and oh yes real estate agents. When I see these I always wonder if these people actually get results? My point of view is that if it's important enough to tell me about, put a stamp on it and send it in the mail. I actually do at least look over everything that gets delivered through the mail. Is the sheer time spent driving through Charlotte NC neighborhoods distributing these really time well spent? I get that marketing isn't cheap and maybe thi...
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By Geoffrey Lamb
(Short Sale Carolina)
Ok, so I'm a little late, catching on to the blogging aspects of the Internet. I've been using OPP (other people's posts :-) as a way of getting my questions answered for years but never actively engaged in posting comments or writing my own. However, I know I need to for several reasons so here I am. I don't really expect too many people to notice, after all, I think I'm ranked dead last in the country (just signed up) but that doesn't equate to the value of what I have to say so hopefully people will listen! Ok, probably not :-) Anyway, if it has to do with Charlotte North Carolina Real Estate, I'll be writing about it so keep your eyes open.
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