Homes Near “Old Charlotte” North Carolina Are Varied in Price and Style

March 26, 2010 By Leave a Comment

There is a vast range of options to live close to Uptown without directly being enveloped by the Charlotte, North Carolina skyscrapers.  The neighborhoods around Charlotte, known as the Center City Ring, are varied both in terms of housing type and price. It is divided into two categories: the historic streetcar suburbs and the transitional neighborhoods built after World War II.

Emerging in the late 1800s due to the streetcar routes, Old Charlotte is where Charlotte’s first true suburbs existed. Homes in Myers Park and Eastover are impressive with oak-canopied avenues and stately residences. Homes in the Dilworth neighborhood of Charlotte had experienced revitalization during the 1980s. Next to Dilworth is SouthEnd, which recently redeveloped into a hot spot with great restaurants, nightclubs and businesses.

Filed Under: Real estate news Tagged With: , , , ,

Charlotte, North Carolina Real Estate is Looking Good Today

February 20, 2010 By Leave a Comment
Graph 2

The real estate market has been all over the map, today sales figures are looking good

Up, down, sideways, back and forth, it sounds like a game of hopscotch but is actually the way the economy, recession and the Charlotte real estate market have been moving. Mastering what is going on has had experts and professionals confounded, wondering how we can all come out ahead of the game. There is one aspect that most can agree on, good news is great to hear.

Today’s national headlines show that real estate contracts are up in volume. The good news is for housing affected stocks, as they increased in price. Some believe that the Spring buying season is starting early and it is good news for Charlotte, including homes near Freedom Park or homes in Dilworth and Cotswold. December has rarely, if ever, thought of as a Spring month but December showed that the Pending Home Sales Index is up over 10%.

There is no doubt that the local real estate market is faring better than a year ago. To continue coming out ahead job growth needs to improve, interest rates need to remain low and consumer confidence has to continue growing. So far 2010 is looking better than 2009 and I anticipate real estate sales, particularly homes for sale in Charlotte neighborhoods, will continue to rise.

Filed Under: Real estate news Tagged With: , , ,

Charlotte, NC Market Update: Real Estate in 2009, Ending on a Positive Note

December 31, 2009 By Leave a Comment

Here in the Charlotte real estate market at Dickens-Mitchener & Associates there has been a good deal of activity in different neighborhoods this past year. We want not only to keep you informed locally, but on a national front as well. Real estate is showing strong signs of recovery across the country. Last month, real estate sales were up over 7% for sales of existing homes. The increase in real estate sales was seen in every region of the United States, due mainly to the first time home buyer tax credit, which was originally set to expire at the end of November, 2009. Low mortgage rates and low home prices have also been catalyst.

Foreclosures will continue to rise with unemployment, keeping real estate prices from rising in harder hit areas, and home values as a whole are expected to remain flat for some time.

Interest rates are not expected to continue dropping and will most likely head in the opposite direction, expected to hold steady around 5.2%. According to the Wall Street Journal, Federal Reserve chairman Ben Bernanke himself recently locked in a refinance on his residence, a clear indication that rates just might be as good as they’re going to get.

For now, the data shows that real estate sales are on the rise and will continue to improve as long as the mortgage rates stay low and the tax credit remains in place — all boding well for Charlotte, NC real estate. What happens during the latter half of 2010 is up in the air, but for now the good news is far better than the news of a year ago.

Filed Under: Real estate news Tagged With: , , ,

Charlotte, NC Market Update: Real Estate in 2009, Ending on a Positive Note

December 31, 2009 By Leave a Comment

 

Here in the Charlotte real estate market at Dickens-Mitchener & Associates there has been a good deal of activity in different neighborhoods this past year. We want not only to keep you informed locally, but on a national front as well. Real estate is showing strong signs of recovery across the country.  Last month, real estate sales were up over 7% for sales of existing homes.  The increase in real estate sales was seen in every region of the United States, due mainly to the first time home buyer tax credit, which was originally set to expire at the end of November, 2009.  Low mortgage rates and low home prices have also been catalyst.

Foreclosures will continue to rise with unemployment, keeping real estate prices from rising in harder hit areas, and home values as a whole are expected to remain flat for some time.

Interest rates are not expected to continue dropping and will most likely head in the opposite direction, expected to hold steady around 5.2%.  According to the Wall Street Journal, Federal Reserve chairman Ben Bernanke himself recently locked in a refinance on his residence, a clear indication that rates just might be as good as they’re going to get.

For now, the data shows that real estate sales are on the rise and will continue to improve as long as the mortgage rates stay low and the tax credit remains in place — all boding well for Charlotte, NC real estate.  What happens during the latter half of 2010 is up in the air, but for now the good news is far better than the news of a year ago.

Filed Under: Real estate news Tagged With: , , ,

Charlotte, NC Real Estate, Where are We?

December 25, 2009 By Leave a Comment

When it comes to real estate the general sentiment appears to be that of putting 2009 in the past and looking forward to a brighter 2010.  Looking at where we are and where we are headed as far as communities of south Charlotte goes will take us from the present into the future.  Currently home values are affordable nationally, because prices are low and interest rates are low.  Both of these low levels add up to the fact that it is a great time to be a buyer when it comes to Charlotte, NC real estate.

Interest rates have been hovering at 5% or lower for the better part of the past year, a trend that cannot be expected to continue.  As the market stabilizes more and the economy gets better, interest rates will rise.  While home prices still may drop in many areas of the country, they will not drop much more.  Areas that are less affected by foreclosures, short sales and REO properties are likely to level out faster than other areas due to the lack of distressed sales in their inventories.  A rise in interest rates may bring real estate prices down to sell but the days of 20% and 30% decreases appear to be unlikely.

In a nutshell now is a great time to buy if you have been waiting for the right time to plunge into the market whether you are considering homes for sale in Myers Park, Foxcroft, Cotswold, Dilworth or any of the wonderful neighborhoods of Charlotte. Take advantage of low interest rates while they are here and the extended home buyer tax credit while it’s still available.  It is a buyer’s market now, it won’t be forever.

An interesting analysis of the real estate conditions and a forecast of 2010 by CNN Money are available.

Filed Under: Real estate news Tagged With: , , , ,
Date last updated: 2/5/12 9:47 PM PST

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Pridemore Properties LLC nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.

CMLS

This IDX solution is (c) Diverse Solutions 2012.