In Less Than 7 Days, Your Home Purchase Will Get More Expensive

In the market to buy a home in the next couple of weeks?  You may want to consider speeding up that purchase because as of October 4, 2010, the following changes may put a crimp in your plans: Up Front Mortgage Insurance Premium UFMIP Decreasing This is the only good news that occurs to borrowers […]

Top 10 Charlotte Area Real Estate Price Reductions – September 26 2010

In the last 10 days, 981 homes in the Charlotte area have experienced a price change averaging $13,267. The following real estate listings in the Charlotte area have had the largest price reductions during that same 10 days period based on dollar amount reduced: Honorable Mention: 1701 Aringill Lane     Worth noting is this 6 Bedroom […]

Bank Owned Foreclosure Properties

Looking for a foreclosed home?   Charlotte Area HUD Homes Bank-Owned REO Single Family Homes Bank-Owned REO Townhouses / Condos Luxury Bank Owned REO Homes Search by City Foreclosed Homes: Belmont Bank Owned REO Homes and Townhouses Charlotte Bank Owned REO Homes and Townhouses Cornelius Bank Owned REO Homes and Townhouses Concord Bank Owned REO Homes […]

You Cannot Buy a Home With Bad Credit, No Job, and No Money

Back in the early to mid 2000's, it was possible for folks with bad credit (below 580), no job, or no money to purchase a house.  Typically this involved a lender either fraudulently overstating the borrowers income with a stated-income sub-prime mortgage or the borrower had good enough credit to obtain a mortgage a 100% […]

How To Rid Fleas From Your Home

I've been fortunate as a long time dog owner never to have had a flea problem ever.  Regular applications of Frontline, a bathing regiment, and care has resulting in never having had an issue.  Not so the case at one of my foreclosed listings where the tenants left me with the mother of all flea […]

Charlotte Real Estate Update September 2010: Sales Retreat 26%

Single Family and Condo Sales Closings: 8/1/2010 – 8/31/2010 Suffering a hangover from the end of the first time home buyer tax credit, Charlotte single family and condo sales fell year-over-year in August 26% to 573 closed units.  This is the second time in as many months that sales in the Charlotte are have fallen […]

Proposed Charlotte Mecklenburg School Closings

On September 7, 2010, Charlotte Mecklenburg Schools announced a list of schools they are considering closing for the upcoming school year.  Here are the now 10 schools which could face closure:

This Month in Real Estate – September 2010. U.S. Recap

Charlotte NC Homes for Sale

Tighter FHA Mortgage Standards in Effect in October. What it Means For You

On September 3, 2010, HUD released it's latest credit score guidance which adds greater restriction to borrowers of FHA loans.  This has been expected by the real estate community for some time now as currently, if you qualify for an FHA loan, the rate and loan-to-value is across the board.   For home buyers, HUD is […]

Let’s Improve Affordable Housing in Charlotte

Over the last few months, the Charlotte Housing Authority has identified a need to expand the affordable housing options in Charlotte and has been holding a number of forums to gauge feedback.  The proposed locations of the new complexes has resulted in fierce resistance who are opposed to public housing in Ballantyne or in Arysley. […]

Cotswold – Charlotte Real Estate Update: August 2010. Sales and Prices Remain Flat

Cotswold Real Estate Update Data compiled from the MLS: 7/1/2010 – 7/31/2010 Sales in Charlotte's Cotswold neighborhood rose slightly in July over the year prior from 5 closed single family and town home sales in 2009 to 7 in 2010.  Along with the increase in sales came a slight increase in the average sales price, […]

ABC Nightline Housing Market Meltdown

I discovered this clip from Nightline which I found to be particularly interesting as it covers the way that some are adjusting to the shift in the housing market.  I like that they even interviewed someone that was choosing to strategically default on their mortgage (i.e. walking away) but I wish they would have went […]

Advice for First-Time Home Buyers –

Home buyers are an increasingly rare breed these days. Many who were eager to buy a house raced to take advantage of federal homebuyer tax credits. When those government perks expired in April, home sales essentially went into deep freeze, plummeting to levels not seen in more than a decade, according to the latest numbers […]

NAR’s Index of Pending Home Sales Unexpectedly Climbs

Contribute Do you have a news tip, story idea, or suggestion for or DS News magazine? Simply e-mail Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution! via Our team's showings and pending contracts rose in August and now September. Based on this, I […]

Matthews Alive Kicks Off Labor Day Weekend

Matthews Alive is one of the largest festivals in the Southeast featuring a mix of music, art, and entertainment.   Matthews Alive will toast the thousands of volunteers who make the Town of Matthews and the festival a caring successfully community. This year

Monroe Bypass Route is Set. What Neighborhoods Will Be Affected?

View Larger Map This week, MUMPO announced that they have finalized the route for the Monroe Bypass.  The 19.7 mile toll road will start just north of Indian Trail Fairview Road and will end just outside of Marshville.  The road will be the first toll road in the state of North Carolina and will charge […]

Ballantyne Area – Charlotte Real Estate Update – August 2010. Sales Flat but Prices Rise!

August 2010 Ballantyne Area Real Estate Market Update Data gathered from the CMLS for dates 7/1/2010 – 7/31/2010 Ballantyne Area Market Update includes sales of real estate in the neighborhoods of Allyson Park, Amberleigh, Ballantyne Country Club, Ballantyne Meadows, Bridgehampton, Carlyle, Edinburgh, Highgrove, Kenilworth, Kingsley, Kingston Forest, Lansford, Mitchell Glen, Kensington at Ballantyne, Providence Pointe, […]

HouseMaster Does The Right Thing

This week, Susan closed a transaction with a buyer that purchased an older home in the Myers Park neighborhood.  The home inspection revealed a number of things wrong with the house however the inspector missed a very major item dealing with a floor joist.  After the inspection was completed and the time period that the […]

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