The Charlotte Real Estate market is improving based on sales in 2010. The data in this blog is from August 1 though Sept 22nd. I wanted over a month of data and wanted information that is timely (today is September 22nd). The Charlotte Real Estate homes sold last year (2010) during the same time period has increased 22%.
August 1- September 22 2010
Foreclosure Sales: 26% of all sales
Short Sales: 4.7% of all sales
New Homes: 14% of all sales
August 1 - September 22 2011
Foreclosures: 17% of all sales
Short Sales: 5.5% of all sales
New Homes: 14% of all sales
The trends have improved over the past year in Charlotte Real Estate. Short Sales have increased slightly (in comparison to the Charlotte Foreclosures) but this is also because lenders are improving their short sale process and it is becoming more efficient.
Overall, this is very positive news for the greater Charlotte Real Estate market! everyone wants to purchase a home "at the bottom". Unfortunately, by the time you discover where the bottom "was" you missed it! Mortgage Interest rates are at historical low and Charlotte Homes are prices aggressively. It is time to buy!
Showing posts with label Charlotte New Homes. Show all posts
Showing posts with label Charlotte New Homes. Show all posts
Thursday, September 22, 2011
Sunday, April 12, 2009
Charlotte Builders Continue to Merge
Two national builders merged this past week. Pulte, the owner of Del Webb Senior Communities and Sun City Carolina Lakes south of Charlotte Real Estate, has purchased/merged with Centex. Centex Home Builders was based out of Texas and had large land holdings in both Texas and the Carolinas. This was appealing to Pulte based on the demographic trends and the baby boomers. New Homes nation wide and especially the Charlotte new homes market will flourish with senior homes.
Pulte homes tended to focus more on seniors and I am certain they will continue on this successful business plan as lending rules constrict. As lending rules tighten (or actually just become practical and cost effective) who has equity, credit and money? Seniors! It will be prudent to structure developments to cater to the seniors as they retire and continue to move south for lower taxes, less expensive homes and a warmer climate.
Centex was building new developments and were riding the trend of larger and larger homes. As credit tightened, much of their market could not sell their homes out-of-state and business slowed. Pulte capitalized on this opportunity. Every crisis provides opportunity for those positioned well for the current trends and demands. Pulte Homes is that company.
Visit Charlotte NC Homes for Sale to learn about the great Charlotte Real Estate Opportunities. Yes, our market has slowed due to the national downturn. but it is still the best place to buy a home. People all around the nation have the desire to relocate to Charlotte Real Estate just to not have the financial liquidity to capitalize on the current opportunity. Be assured their plans have not changed; merely placed on a temporary hold. The opportunities of today will be gone very soon. If you are fortunate enough to capitalize on this financial downturn, Charlotte NC Real Estate awaits.
Pulte homes tended to focus more on seniors and I am certain they will continue on this successful business plan as lending rules constrict. As lending rules tighten (or actually just become practical and cost effective) who has equity, credit and money? Seniors! It will be prudent to structure developments to cater to the seniors as they retire and continue to move south for lower taxes, less expensive homes and a warmer climate.
Centex was building new developments and were riding the trend of larger and larger homes. As credit tightened, much of their market could not sell their homes out-of-state and business slowed. Pulte capitalized on this opportunity. Every crisis provides opportunity for those positioned well for the current trends and demands. Pulte Homes is that company.
Visit Charlotte NC Homes for Sale to learn about the great Charlotte Real Estate Opportunities. Yes, our market has slowed due to the national downturn. but it is still the best place to buy a home. People all around the nation have the desire to relocate to Charlotte Real Estate just to not have the financial liquidity to capitalize on the current opportunity. Be assured their plans have not changed; merely placed on a temporary hold. The opportunities of today will be gone very soon. If you are fortunate enough to capitalize on this financial downturn, Charlotte NC Real Estate awaits.
Thursday, March 12, 2009
Charlotte New Homes: Where are the deals?
One of the beautiful things about moving to Charlotte NC is that Charlotte New Homes for Sale are still affordable. Nothing beats the excitement of having a brand new Charlotte Home where you personally select all of the features that you desire in a home. The downside to the new home building process is that life often changes before the home is even complete. Is this a downside or an opportunity? It depends on your perspective.
The rapidly evolving Charlotte Housing market is causing grief for builders. As the lending rules evolve so does the odds of the Charlotte New Home buyer. As the credit tightens many potential Charlotte New Home owners can no longer buy their dream home. Please be certain that you exceed the current credit rules if you are purchasing a new home. The lending rules/criteria are changing all of time. There is no way to know what the rules will be six months from now.
So what happens to the new home after the buyer can no longer get financing? This is not good for the Charlotte builder. In today's economy, builders are not building spec homes (also known as inventory homes). It simply takes too long to sell a spec home and it is not a viable business plan. So now what? The builder is in the same position as the potential buyers are today. There is no way of knowing with any degree of certainty what tomorrow will bring. Builders will discount these brand new homes to eliminate the risk and to free up their financial resources for new buyers. Yes you can purchase a discounted brand new Charlotte home. The down side is that you will not be able to select everything that you wanted but you can receive unheard of discounts of 20% or more!
As the economy changes these Charlotte NC Homes For Sale will not be discounted much longer. Springtime is always a more active real estate time period so the wise money is buying now. As the spring market heats up these discounted properties will be no where to be found.
Visit my Charlotte Real Estate website today and learn more about Charlotte NC Homes For Sale.
The rapidly evolving Charlotte Housing market is causing grief for builders. As the lending rules evolve so does the odds of the Charlotte New Home buyer. As the credit tightens many potential Charlotte New Home owners can no longer buy their dream home. Please be certain that you exceed the current credit rules if you are purchasing a new home. The lending rules/criteria are changing all of time. There is no way to know what the rules will be six months from now.
So what happens to the new home after the buyer can no longer get financing? This is not good for the Charlotte builder. In today's economy, builders are not building spec homes (also known as inventory homes). It simply takes too long to sell a spec home and it is not a viable business plan. So now what? The builder is in the same position as the potential buyers are today. There is no way of knowing with any degree of certainty what tomorrow will bring. Builders will discount these brand new homes to eliminate the risk and to free up their financial resources for new buyers. Yes you can purchase a discounted brand new Charlotte home. The down side is that you will not be able to select everything that you wanted but you can receive unheard of discounts of 20% or more!
As the economy changes these Charlotte NC Homes For Sale will not be discounted much longer. Springtime is always a more active real estate time period so the wise money is buying now. As the spring market heats up these discounted properties will be no where to be found.
Visit my Charlotte Real Estate website today and learn more about Charlotte NC Homes For Sale.
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