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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 Jim and Amy Williams
(Helen Adams Realty)
http://money.cnn.com/magazines/fsb/bestplaces/2008/top100/index.html Another nice write up for Charlotte.  We here in Charlotte feel some what insulated from many of the current economical woes we here of on the news.  No, we are not in Mars, we too have seen some changes....yet Ballantyne and many areas of Charlotte are still in the midst of tremendous commercial development.  We are also one of the few citied currently projected for very healthy growth in employment.  We are blessed!!
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 If you leave your garage door openerin plain sight in your car it could be an enticement to criminals. We all know not to leave cell phones, gps systems, anything of value visible when leaving our cars, but the garage door opener was a new one to me. Recently in South Charlotte, there have been instances where criminals target a car with a garage remotein plain sight, they take the remote and find the owner's address from a registration or other paperwork left in the glovebox, then drive on out to the house to see what they can find. Criminals are creative to say the least! Unbelievable right? It made me think twice though. The garage remote isn't one of those things that I would have made it a point to hide or take with me when leaving my car. Although when I did have a house with a g...
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
We all know that buying or building your dream house is an emotional venture--sometimes selling your dream home can be too. So much so, that a few remorseful sellers end up re-purchasing them years later. Here's a thought provoking article from the New York Times about the deep connection we can build with our homes, one that interweaves itself with memories, hopes and aspirations, and identity. Click Here to Read the Story: You Might Move Out But You Can't Move On
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
New to the area? Then you've got to take the Historic Charlotte Walking Tour in Uptown. This trek through the concrete jungle we call Uptown hits many of Charlotte's first landmarks, revamped for modern living, but preserved for years to come. The Historic Charlotte City Center Walking Tour map can be found at: http://www.historiccharlotte.org/walkingtour.htmlThe weather is beautiful and so are the sights, so take a break from house hunting and check out your city!
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By Rebecca Sellers, Charlotte NC Real Estate Professional
(Keller Williams Realty)
On it's inaugural list of the best cities to live, Fortune Small Business ranked Charlotte, NC #8. This number is not perfectly accurate (we all know it is #1!), but this is a welcome accolade none the less. FSB researched towns that enjoy healthy business environments and alluring leisure offerings, then further rated them on economic conditions such as local tax rates, natural beauty and availability of desirable arts and entertainment venues and recreational opportunities, all of which we are fortunate to have plenty of! Sitting pretty as the second largest banking and financial center in the nation, trumped only by NYs Wall Street, does no injustice to our wonderful city either. We have experienced an influx of highly educated, motivated and growth centric populations that continue ...
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By Jonathan Osman, Charlotte House Hunter Group
(Jonathan and Associates, Inc)
This morning, a change went into effect changing how Square Footage is displayed.  Before, the MLS required that agents go and measure each home and put their findings in the system.  The Real Estate Commission even has a booklet that anyone can read and figure out as to how to measure.  There was even a margin of error of 5% given because no one is perfect but they expect you to be close.  However, chaos ensued with agents not measuring their own listings, going off of plans, using tax data, and ultimately trying to find every short cut to get out of measuring the home.  As a result, listings are now displayed in this manner. This is my in-law's home in Lincolnton.  It is a rancher without a basement and a two car garage.  I took the time to measure this one out and a home like this co...
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By Jorge Garcia
(Wachovia Mortgage)
There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let's examine the pros and cons of both strategies.Leveraging Your Property. In order to understand why you'd want to borrow as much as possible for your home purchase, you must first grasp the concept that equity has a zero rate of return. Here's an example: If Consumer "A" buys a home for $300,000, and puts 20% down, then they have $60,000 in equity. Over the next 5 years, the property appreciates $100,000 in value. Consumer "A" now has $160,000 in equity. Consumer "B" buys a home for $300,00...
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By Diane Aurit, Lake Norman Real Estate
(LKN Realty, LLC)
 Learn about foreclosures, refinancing, home buying or selling tips and even get individual counseling at this Saturday's free Homeownership Opportunities & Foreclosure Prevention Expo at UNC Charlotte.  Organized by federal officials from the U.S. Department of Housing and Development, this forum will be an opportunity for homeowners worried about foreclosures, thinking about refinancing or potential home buyers to talk to bankers and housing experts. There will be sessions on:Foreclosure Prevention Funding for Home Repairs Refinancing Options Homeownership Participants include:BB & T Countrywide U.S. Bank Wells Fargo The Latin American Coalition HUD Certified Housing Counselors Charlotte Mecklenburg Housing Partnership Monroe Union County CDC HMB INC. (A contractor that handles sales ...
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
I was going through old magazines and noticed an article in Charlotte Magazine about the coming of a Latino-themed mall. It's not so hard to imagine, Charlotte has the second fastest growing Latino population in North Carolina. And the need for cultural products and services by that community is also growing. Plaza Fiesta Charlotte will be a 350,000 sq. ft. similar to its extremely successful Atlanta counterpart. with cobblestone streets, an old-fashioned el mercado (the market) and vibrantly colored buildings that will pop against the blue Southern sky. It will be a home away from home for Charlotte's Latino population, but also a fun and different experience for other cultural groups. Plus you know there will be an amazing restaurant or two on hand!  
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Have you gotten caught up in all the bad news? The Sky is Falling! Haven't you heard???Yeah, yeah... we know. Real estate stinks, the mortgage market is dead and life as we know it is over.Come on! Yes, we are facing a decline in real estate, but a lot of that is due to crazy increases in property values over the past few years! We knew it was coming...But despite all the bad press, there is some good news! Feb home sales (at least in the Charlotte market) were up last month! Mortgage rates are still near record lows! FHA mortgage limits are up virtually EVERYWHERE!Now is one of the best times to buy. If you are on the fence, make your move. If you are in the business, get your chin up and let your clients know that real estate and mortgages are doing quite well and there's major opport...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Recently I added a "Ask the Lender" section to my website. I wanted to have an avenue to provide answers to real questions people have. I can blog and post all I want about things I THINK people want to know about, but I really want to provide information people need. So this is my humble attempt to do so.Here is the first question asked: I am in sales and things are tight. I have been in my home now for 3 years and have a good mortgage right now. However, due to the lower income this year, the monthly payment is getting tougher to deal with. I have never been late on my mortgage and my credit is still good. But I am concerned that I may start to get behind. What should I do?Read the Answer about Mortgage Loan Options_______________________________________________Apply online for your C...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 Size is a major factor in real estate, but the size that really matters sometimes isn't the most obvious. Sure, the overall amount of living space is important, but it's not the only consideration and sometimes can cloud the picture when home buyers and sellers focus on just that number. It seems as though some buyers and sellers are obsessed with the square footage number:  - Some sellers think their house is worth $x more because they have slightly more square footage than the neighbor who just sold.  - Some buyers won't even look at a house that's any smaller (or larger) than whatever set number they have in their minds, even if the difference is within 5-10% of their minimum/maximum and it has all of their other "must haves". Square footage is an important consideration (if you nee...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
I don't know about everywhere else in the country, but in my area it seems that the FHA mortgage is seen as a "poor man's loan." However, this is not the case.FHA mortgage loans in Charlotte North Carolina now have limits up to $303,750. That is pretty substancial. But to think of the FHA mortgage as something specifially for the "poor" is misleading. Some of the reasons for this misconception may have to do with the industry itself. So many lenders have touted the FHA mortgage as the perfect loan for first time home buyers. And while this is true, the FHA mortgage in Charlotte goes well beyond just that need.Another thing that could contribute to this thinking is the focus on avoiding PMI. Until recently mortgage insurance was not tax deductible, so most buyers would look to avoid it w...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
The Associated Press reported today that existing home sales rose in Feb, surprising economists who expected another month of declines.This is great news for our nation! We are all in a buyer's market and hopefully fear is beginning to lose its grip on Americans.Visit EdNailor.com for more information on how this affects Charlotte Real Estate and Mortgage Loans_____________________________________Brought to you by Ed Nailor - Charlotte Mortgage LenderCall 704-651-8704 for your free mortgage consultation, or get pre-approved for a Charlotte mortgage online.
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By Tim Anderton
(The Anderton Corporation)
Real estate advisory firm The Staubach Company has been contracted by Premier, Inc, to analyze the company's needs and options in the Charlotte area. The company created and owned by 200 hospitals and health systems provides administrative support in the realms of purchasing and care-tracking for its members. Premier says it has no plans to relocate its San Diego headquarters to join the 600 or so employees already in the Charlotte area. Initial projections indicate that the company will be looking for approximately 250,000 sq ft, making this the biggest move in Charlotte commercial real estate in over 3 years. It is worthy of note that the available commercial space in the Charlotte area is already limited (vacancy rates dropped below 1% in December in the Charlotte Metro region) and w...
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
Professional graffiti artist Desism will be coming to Charlotte during the April Art and Soul of South End to paint the inside walls of the Charlotte Art League Gallery's walls in order to show the general public the artistic underpinnings behind graffiti art. The artist hopes to dispel the idea that all graffiti comes out of gangs and deviant young people--and instead could be the next piece of art you purchase for your home. More information about the show can be found at www.charlotteartleague.org. 
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
Uptown Magazine's Annual Real Estate guide will be on stands soon in their April issue. If you are looking for a home in the Uptown area, pick up an copy and to learn more about the options available inside the I-277 loop. 
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
The NoDa Film Festival kicks off tomorrow at the Neighborhood Theatre on the corner of 36th and Davidson. It will run Monday, March 24, through Wednesday, March 26, with shows starting at 8 pm. You'll catch three films that you won't see on the main circuit. 
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte, a financial powerhouse, is renowned for its vibrant banking sector.  With more than $2 trillion in assets, it is the second largest financial center in the nation, behind only New York.  By comparison, Atlanta has assets of only $183 billion and Miami $0.8 billion. Two of the nation’s largest banks, Bank of America and Wachovia, are headquartered here. In total, 20 banks with more than 229 local branches, as well as a Federal Reserve Branch, are located in Charlotte. Charlotte banks provide a wealth of services to commercial and individual customers and are leaders in the financial services industry.  Businesses have many options in dealing with firms ranging from large bank holding companies offering diverse financial services with operations throughout the world to small, l...
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By Diane McDermott, Charlotte NC Real Estate Market
(Realtor®, GRI, Landis e2 Real Estate, LLC)
 Located in the heart of South Charlotte along Rea Rd, The Shops at Piper Glen is home to Charlotte's first Trader Joe's store, as well as Firenze Restaurant, Senor Tequila's, a new Starbucks, and much more! It's one of those shopping centers that you can pass by if you don't know it's there, just one of the many gems of South Charlotte.View Larger Map           As you can see in the pictures, the parking lot can be very busy at times - there's actually an additional parking lot behind Trader Joe's which at times is more convenient than using the main parking lot.
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