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Home prices are up over 10% in Charlotte / Mecklenburg county, and activity is up 20%, compared to 2012. Inventory of homes is low, too, with many areas reporting 3-6 months of inventory.
These factors combine to indicate a very strong and rising Charlotte real estate market.
If youve been considering selling your home, this would be a great time to speak with a Talk Charlotte Real Estate agent to find out how you can benefit from selling during this strong Charlotte market. Our agents can offer valuable insight to help you get the most out of your real estate transaction.
Contact us to today to learn more: 888-297-6100.
Recent reports have shown that the values of homes in nearly all U.S. markets continue to increase. In some hard hit markets values are up more than 50% over the lows they hit in recent years. In most every market housing values have been steadily increasing.
Increasing housing prices open several options for homeowners and perspective homeowners:
Refinancing to remove mortgage insurance (PMI) — A large percentage of American homeowners purchased their homes with less than a 20% downpayment. That means those homeowners are paying a monthly mortgage insurance fee. For instance, FHA loans include mortgage insurance. When a home increases in value it opens the possibility of refinancing to a new loan with no mortgage insurance. Contact us to get an estimate on the current value of your home to see if removing your monthly PMI is possible.
Cash out refinances — As values of homes increase, the possibility of getting cash out refinances returns. For
INDEPENDENCE, Ohio — One month after two local real estate boards merged, the combined organization has picked former Akron Area Board of Realtors CEO Sandy Naragon as its chief executive.
The Akron Cleveland Association of Realtors announced this week that Naragon is set to lead the 4,500-member organization. Mike Valerino, the former chief executive of the Cleveland Area Board of Realtors, will become chief operating officer of the new nonprofit group.
In a news release, the Realtors said they conducted a nationwide search for a new chief executive.
“Sandy is a proven industry leader at the state and national level,” Seth Task, president of the group’s board of directors, said in the announcement. “Her leadership development skills are highly regarded by her peers and Realtor leaders with whom she has worked.
During the third quarter 2013, four buildings totaling 175,240 square feet were completed in the Atlanta market area.
This compares to seven buildings totaling 371,533 square feet that were completed in the second quarter 2013, two buildings totaling 53,000 square feet completed in the first quarter 2013, and 568,799 square feet in nine buildings completed in the fourth quarter 2012.
There was 1,778,716 square feet of office space under construction at the end of the third quarter 2013.
Some of the notable 2013 deliveries include: Primerica Building, a 344,476-square-foot facility that delivered in second quarter 2013 and is now 100% occupied, and Northside-Cherokee/Towne Lake Medical Campus, a 100,000-square-foot building that delivered in third quarter 2013 and is now 40% occupied. Get more info…
HIGH POINT — The votes are in and Michelle Wiebe is again High Point Market’s top Style Spotter.
She received the most votes through “likes” and re-pins on her Pinterest board of products and trends from the fall High Point Market. Wiebe will be invited back to High Point for the April 5-10 market as the winner of the fall 2013 contest.
A two-time winner, Wiebe will not compete in 2014. Her website is , and her Twitter handle is @StudioM_.
Shay Geyer, who finished just behind Wiebe, will lead the team of spring market Style Spotters. Geyer’s website is , and her Twitter handle is @designerShay.
“Our congratulations go out to both Michelle for her tenacity and design acumen and also to Shay who was such a close second,” said Tom Conley, president and CEO of the High Point Market Authority. <
The last thing a buyer wants to happen after signing a mortgage is to find the their new dream home has foundation issues or another costly repair that derails their move-in plans. These issues can be largely avoided if buyers are prepared to address potential property problems before they buy a home. Shoppers who are interested in a property can hire an inspector to pinpoint problems, and may be able to have the seller fix these issues before moving in or negotiate a better price for the home. Whichever option a home buyer chooses, its important to be aware of repair needs before signing a contract. There are several areas adults should look for when shopping for their dream home. Check for Foundation & Water Damage The foundation of a home is one of the first areas home buyers should examine, primarily because this type of repair can be costly. My husba Get more info…
FORT PIERCE — Steve Weaver, a Realtor who has served on the Fort Pierce Planning Board since 2009, has been appointed by
Gov. Rick Scott to fill a vacancy on the
Treasure Coast Regional Planning Council.
Weaver is owner of RealTime Property and Development Services Inc. and the Fort Pierce Inlet Beach Resort, which he is currently renovating. A native of Rockford, Ill., who moved to Fort Pierce in 2005, Weaver also is a salesman with Coldwell Banker Paradise Hoyt C. Murphy Realtors, specializing in marketing and procurement of waterfront and commercial properties.
The governor appointed Weaver to replace Ramon Trias, who moved out of the region to become planning director for Coral Gables. W