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Home Star Energy Retrofit Act Passes in U.S. House
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
In a decisive vote, the House of Representatives today voted to approve the Home Star Energy Retrofit Act of 2010, which authorizes creation of a national energy retrofit program for American homeowners. When passed by both legislative bodies and signed into law, this Act will be a great thing for owners, upgraders, and potential buyers on Charlotte green homes.
The vote marks a significant milestone in the progress of the bipartisan HOME STAR legislation, although it's important to note that...
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Home Prices Begin to Rise... Finally!
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
A gauge of house prices posted its first monthly gain in three years, providing some comfort to sellers weary from slumping values.The S&P/Case-Shiller home-price index rose 0.5% in May from the prior month, the first gain since July 2006 and biggest since May of that year. Stabilization of the housing market and a rebound in financial assets may bring an end this quarter to the record slump in household wealth. If it is time for your to list your Charlotte area property for sale, get a...
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New Home Sales Rise Most in Eight Years
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Purchases of new homes rose 11% in June 2009, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression is starting to stabilize.Sales rose to a 384,000 annual pace, higher than every forecast and the most since November 2008, figures from the Commerce Department showed today in Washington. The number of houses on the market dropped to the lowest level in more than a decade. Check to see Charlotte houses on the market and sort out the great...
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June Sales of New Houses Likely Rose to Four-Month High
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Sales of new homes likely rose in June to the highest level in four months, adding to evidence the housing slump that began in 2005 is stabilizing, economists said ahead of a government report today.Sales increased 2.9% to a 352,000 level, according to the median forecast of 60 economists. Purchases reached a record-low 329,000 level in January 2009.Falling prices and near record-low mortgage rates have started to lure buyers even as the unemployment rate rises. The worst recession in five...
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Senators Push For $15,000 Homebuyer Tax Credit
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Lawmakers are pushing to revive legislation in the Senate that would almost double an $8,000 tax credit for first-time homebuyers and expand the program to all borrowers. A group introduced a bill today that would increase the tax credit to $15,000 and remove income and other restrictions on who can qualify.
The legislation would extend the homebuyer credit to multifamily properties used as the borrower's primary residence. It would also eliminate income caps of $75,000 and $150,000 on...
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FHA Adds Down-Payment Options to $8000 Credit
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
First-time Charlotte home buyers can now use the federal tax credit of up to $8000 to help cover a down payment and other upfront closing costs if they are taking out a loan backed by the Federal Housing Administration or FHA. The tax credit was made available as part of the Obama administration's efforts to motivate first-time buyers and jump-start the housing market.Instead of requiring first-time buyers to wait for weeks, possibly months, after filing their tax returns to receive the money,...
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North Carolina Foreclosures Fall 15% in April
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
The number of home foreclosures in North Carolina fell 14.9 percent in April from the same period last year. This figure bucks the national trend where foreclosure filings rose 32 percent in April from a year ago.
North Carolina ranked 34th in the nation for foreclosure filings in the latest quarter. Nevada, Florida and California posted the top bank foreclosure rates last month.
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FHA Considers Allowing Tax Credit for Down Payment Use
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Home buyers qualifying for FHA-insured mortgages may soon be allowed to use the new first-time home buyer $8,000 tax credit as a down payment. The process of applying the tax credit toward down payment, called monetization in the mortgage industry, allows for FHA-qualified borrowers to use the tax credit to obtain a government-insured mortgage.
The tax credit arrived as part of the American Recovery and Reinvestment Act of 2009 for qualifying taxpayers that buy homes in 2009. The law states...
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Another Listing Sold... In Less Than Two Weeks!!
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Yes, this new listing of ours went under contract in less than two weeks. And, no, the seller did not "give the house away" or accept a below-market price. The home went under contract within a couple thousand dollars of where the owner hoped to sell.
How' The owner did a great job of prepping the home to show by doing repairs, upgrades and moving out extra items before the first showing. That is so important as it was one of the first viewers of the home that bought it. Use our seller...
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Pulte Homes Buys Centex In Stock Transaction
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Pulte Homes has agreed to buy Centex Corp. for $1.3 billion to create the largest U.S. homebuilder by revenue. Both companies have a large presence in the market for Charlotte homes, Pulte listing 13 neighborhoods where they are actively building and selling while Centex has 20.
Pulte agreed to pay 0.975 of a share for each Centex share, valuing Centex stock at $10.50 per share, 38% more than yesterday's closing price of $7.62. The transaction, approved unanimously by both companies' boards,...
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Charlotte Real Estate Success Stories: How We Sold Our Home
From SouthEast Charlotte Area News, 2 year ago, Read 0 times. Similar articles
Our efforts were recognized in a Charlotte Observer article by Nancy Stancill, Home Editor on Friday, Mar. 13, 2009. An excerpt from that article is below:
The best in the neighborhood
John C. Walker, a Charlotte Realtor with Wilkinson & Associates, listed his house in Commonwealth Park near uptown for $195,000 last July. No takers.
Walker, who had lived in the house for 20 years before moving to Mint Hill earlier, knew the three-bedroom, two-bath home was in good condition. But it needed...
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