Homes in Charlotte

Homes in Charlotte continue to sell and the climate is a huge factor. February is the time of year when the largest contrast is noted. The northeastern US is in the middle of winter and Charlotte is into spring. Charlotte real estate is in full bloom with trees flowering and flowers blooming. The contrast is so stark that it is hard to imagine that we are only a few hundred miles south.

The best deals continue to be builder inventory but the deals are about to end. In the Charlotte Real Estate market, this is the time of year that builders would be going full steam ahead. The objective was to have as many inventory homes completed in spring as possible. Reason?

Many people relocating to Charlotte wanted new homes but did not have 4 months to wait for a new home to be built. Builders would have an inventory of new Charlotte homes prepared for those buyers. Due to the past several months of buyers financing difficulties, the builders are not building "spec homes". The only Charlotte Homes available for "quick move in" will be on homes where financing falls through.

What does this mean for you? There are still some great deals available to the person with good credit. I received a call from Wachovia this week stating they do have a loan program for 100% financing with a credit score of 620. This is one of the few programs still remaining with this credit score. "IF" you fit this criteria and are assured you can make your payments, then I would recommend that you do not purchase a "to be built" home expecting this program to last.

The cause of the crisis was the government loosening up on the financial criteria for a loan. The pendulum will swing back to a more stable area. I do not suspect the home buying criteria to be as stringent as back in the 90's but is will settle somewhere in between.

Ultimately, Charlotte is still a great place to own a home and a great place live. Visit Charlotte Homes For Sale for more in depth analysis of the greater Charlotte region including Ballantyne Homes for Sale, Fort Mill Real Estate, Matthews Homes for Sale, Tega Cay Homes for Sale to Kannapolis Real Estate.

Commercial Real Estate in North Carolina

How do you gage an economy? A good means to gage the Charlotte North Carolina Real Estate market is to study the commercial real estate. Charlotte Real Estate is growing at an exponential rate as noted in the time frame and distanaces between various commercial developments. Take a look at South Charlotte Real Estate. The growht began 15 years ago at the Arboretum Shopping center. Seven years later, the Promenade opened 4 miles down the road. In the past 5 to seven years the Real Estate in South Charlotte is growing at a phenomianl rate. Trader jacks opened on Rea rd at Piper Glen. Two miles down the road is Stone Crest at Piper Glen with Target and a wide variety of affluent shoping opportunities. Two miles to the west is Ballantyne and two miles further west is the Carolina Place Mall. Travel south on Rea rd and in two miles you find the Blakeney shops. This is at the intersection of Ardrey Kell and Rea Rd. In the past 2 years the northwest and southwest corners of the intersection are near completion. The southeast corner has a new Charlotte Apartment subdivision that is due to open. The northeast corner of this intersection is now being developed for additional commercial Charlotte Real Estate.

There is a another new commercial Real Estate development 2 miles west on Ardrey Kell that began opening in 2008. There is a new Peak Fitness Center, an activity center, a Charlotte Recreational Park, a Harris Teeter, a new Elementary School in addition to many other stores and shops.

This is a great gage for the Charlotte North Carolina Real Estate economy. Charlotte Homes continue to thrive and the demand for Charlotte Real Estate wins the popularity nation wide. Hold on tight because Charlotte Real Estate will grow and continue being the location of choice.