Charlotte's Real Estate Blog

Some Good News out in Rismedia today....I've pasted the article below:

RISMEDIA, September 3, 2010—Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator, rose 5.2% to 79.4 based on contracts signed in July from a downwardly revised 75.5 in June, but remains 19.1% below July 2009 when it was 98.1. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.  Read Article

www.FrickStadlerGroup.com for more local and national real estate news.

I felt like this article was worthy of blogging as I could not agree more!  I am entering my fourth year in real estate, and quite honestly, the state of the RE Market today is all I know it to be ..... good or bad!  The great thing is that I'm still building my business (yes....short sales have helped me) and planning on doubling my business in 2011!  Thanks to all my followers over the past years and feel free to contact me with any questions.

www.FrickStadlerGroup.com for more local and national real estate news.

The past year has brought about many short sales in the Charlotte market.  I'm fortunate in that I suspected (2 years ago) that the art of the short sale would be a very valuable skill set.   Sooooo.....I plunged in!  Well, after taking a few knocks, I've learned a very valuable skill set that will serve my team well over the next 3 years.  I ran across the is article today in Rismedia ... click here .... it offers some good advice on short sales.

www.FrickStadlerGroup.com for more local and national real estate news.

RISMEDIA, August 13, 2010—(MCT)—When the air sputtered out of the housing bubble, new home builders struggling to survive went with smaller homes that could appeal to a broader base of buyers. It’s a strategy that has worked for builders such as Sam Palazzolo, owner of Palazzolo Brothers in Sterling Heights, Mich.

“I do believe the younger generation isn’t looking to build mansions anymore,” Palazzolo said. “They are looking at simpler lives. They aren’t looking for the same houses that the baby boomers were.”   Read Article

www.FrickStadlerGroup.com for more local and national real estate news.

Incredible .... 4.5% interest rates on some home loans!  I can remember getting my first home loan at under 6.7% and feeling like I got a steal of a deal.  My next home loan at 5.25% was truly triumphant!  Knowing that a home buyer can NOW get a loan for under 5% ... well, I feel like everyone should be out buying a new home.  Of course, I'm a realtor ... how else should I feel???  Read Article

www.FrickStadlerGroup.com for more local and national real estate info!

RISMEDIA, July 26, 2010—(MCT)—David Kosowski has a full-time job, a sky-high credit score, a solid debt-to-income ratio and enough cash stashed away to put a 20% down payment on the three-bedroom, two-bath home he’s had his eye on since spring.

But when he applied for a mortgage to cover 80% of the $495,000 purchase price of the Coral Gables, Fla., home last month, he was flatly denied.

His story is one that has played out with head-scratching regularity across the troubled housing market, industry analysts say, even as mortgage rates have dropped to historically low levels.

The average interest rate for a 30-year fixed-rate mortgage sank to a record-low 4.56% this week, according to government-sponsored mortgage buyer Freddie Mac. Fixed-rate 15-year mortgages dipped slightly to an average 4.03%, also a record. Read Story

www.FrickStadlerGroup.com for more real estate information.

I'll be the first to admit that over the course of the past year, I felt as if we were experiencing a "false market".  My concern was that the numbers being put on the board were facilitated by the "first time home buyers" tax credit.  I was sure that when the tax credit was over, the market would fall ... drastically!  Although we are not experiencing post 2007 numbers, I'm pleased to report that the market is holding steady in the Carolina's!  Read this article I found in Rismedia this morning addressing this issue.  Click Here

www.FrickStadlerGroup.com for more local and national RE news!

My family and I have had the "not so pleasant" experience of moving 2 times over the course of the last 6 years.  Having done so, I know (and am very sensitive) to the stress this process places on the shoulders of my clients.  In hopes of lending some insight to ease the stress, I have included this link for 12 useful tips in making your move a more structured and cost effective transaction.

www.FrickStadlerGroup.com for more information on the Charlotte real estate market.