Tag Archives for " 2010 "

Charlotte Home Prices Continue to Fall

Home prices have continuously fallen in 18 of 20 US States over the past year. This statistic was found by a report made by Standard & Poor’s Case-Schiller Home Price Index released early this month.

The Mecklenburg Times published an article on this data last week. According to that article, home prices in the Charlotte meto area fell 4.8 percent in January from the same month a year ago and the area’s home prices were down 1.1 percent from December to January.

“Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future,” David Blitzer, chairman of S&P’s index committee, said of the U.S. housing market.

“These data confirm what we have seen with recent housing starts and sales reports,” he said. “The housing market recession is not yet over, and none of the statistics are indicating any form of sustained recovery. At most, we have seen all statistics bounce along their troughs. At worst, the feared double-dip recession may be materializing.”

Full article

For more information on affordable, available homes visit ShowcaseRealty.net

December 23, 2010

Happy Holidays from Showcase Realty!

From everyone here at Showcase Realty, we are sending you our warmest wishes during this holiday season!
Have a wonderful and safe time as you finish 2010, and may the start of 2011 be even better.

Thank you for your continuing support and keep following us in the new year. We have bigger and better plans for 2011 so be on the look-out!

And, as always, don’t forget to find us on
Twitter
Facebook
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Thank you again,
Showcase Realty Staff & Agents

Are You a First-Time Homeseller in Charlotte? Great Opportunity!

HGTV is looking for fun, high-energy, enthusiastic people in Charlotte NC who are selling their first place! Singles, couples and families selling homes of all kinds are all invited and encouraged to apply.

My First Sale is kicking off its THIRD season, focusing on the trials and tribulations of preparing to sell, pricing/marketing, and ultimately selling your first place. We’re looking for fun and interesting people who are willing to share their personal and financial struggles during the home-selling process.

We’ll follow you for approximately 15 shoot days over the course of the process of selling your home. This real estate rollercoaster could include some of the more stressful days of your life, so if this sounds like fun, please apply! A modest thank you check for the featured seller(s) and their agent will be awarded. You’ll also receive a DVD copy of your episode, giving you a lasting memory of the process.

If you are a first-time home seller in the Charlotte, NC are or thinking about selling soon, give Showcase Realty a call or email and we can help you! There is an applicatin process for the show so hurry and contact us before casting is over in a couple weeks!

704.889.5600
info@showcaserealty.net

December 20, 2010

“For Sale By Owner” Not as Successful in 2010

Homes sold without the help of a real estate professional dropped to a record low over the past year. According to the 2010 NAR Profile of Home Buyers and Sellers, unrepresented sellers made up only 11 percent of the market, down from 13 percent in
2009.

Owners who sell their home without the help of an agent usually sell to someone they already know. Factoring out those private sales, the actual number of homes sold on the
open market without professional assistance was a record low 5 percent, compared to 10 percent in 2004.

With the higher rate of foreclosed and short sale properties on the market currently, buyers need to use a certified Realtor to help navigate through a sale or purchase. It is not out of the ordinary for many Realtors to be unfamiliar with the process, and this can make the real estate journey a lot harder for the buyer.

Finding a Realtor that can assist you and your needs is the best way to find a home or have your property sold in a timely manner.

For help with this process you can contact Showcase Realty by clicking here to get started on your way to selling or purchasing a property.

December 15, 2010

Interest Rate RoundUp, Mortgage Rates on the Rise

The election is over and so is the need to keep interest rates artificially low. If we absorb the pain now, we’ll be less likely to remember it during the 2012 election. Don’t wait! Rates are rising!

Interest Rate Roundup for Dec. 2, 2010 from Bankrate.com

Mortgages
4.71% (30-year fixed)
0.36 (average points)

Here’s a look at the state of mortgage rates from Bankrate.com’s weekly national survey of large banks and thrifts conducted Dec. 1, 2010.

Mortgage products took a sharp leap upward this week, with the 15- and 30-year home loans rising significantly amid signs that the U.S. economic recovery may also be gathering strength.

The 30-year fixed rate mortgage shot up 13 basis points, to 4.71 percent, its highest level since last summer. A basis point is one-hundredth of 1 percent.

The story was much the same for 15-year fixed rate mortgages, although their ascent was not as steep, climbing 10 basis points to 4.07 percent.

The rises were more moderate for adjustable-rate mortgages. The popular 5/1 ARM rose 8 basis points, settling at 3.74 percent. With a 5/1 ARM, a mortgage has a fixed rate for the first five years, and is adjusted annually — based on market conditions — for the remainder of the loan’s term.

It was the highest rate for 30-year mortgages since July. Bankrate’s July 21 national survey found an average rate of 4.74 percent, after which home loans began a descent that lasted until early November and brought mortgages to record low rates.

Although it is difficult to establish a direct relationship — and the housing market remains troubled by virtually every measure — the strengthening of mortgage rates is occurring as the tepid economic recovery is also gaining momentum.

On Wednesday, the Institute for Supply Management, which tracks manufacturing industries, said factory output has now risen for 16 months in a row. In addition, a Federal Reserve survey found that 10 of its 12 regions are seeing economic expansion, while the other two — St. Louis and Philadelphia — have mixed conditions.

The economic indicator most relevant to housing, however, is unemployment. The country will get an indication of whether the labor market is recovering on Friday, when the government releases figures for unemployment and job creation for the month of November.

Find out monthly mortgage payments using Bankrate’s mortgage calculator.

— Gregg Fields

Read more: National mortgage rates for Dec. 2, 2010

To take advantage of low mortgage rates and low interest rates while you can, contact a Realtor who can help you! Click here.

Charlotte ranks as 18th-largest U.S. city

Charlotte is the 18th-largest city in the United States, according to a projections based on the latest U.S. Census data.

The Charlotte area has 729,781 residents as of Monday, up from 569,858 in 2000, according to projections compiled by Business First of Buffalo, N.Y. Business First is a sister publication of the Charlotte Business Journal.

The population projections are generated by a computer formula the publication developed in 2000 and recalibrates annually. The formula uses a decade of U.S. Census Bureau data to extrapolate growth trends.

Read more: Charlotte ranks as 18th-largest U.S. city | Charlotte Business Journal

Thinking about relocating to Charlotte, NC? Click here for information regarding affordable homes in the area!

November 4, 2010

Charlotte, NC Real Estate Brokerage Uses Foreclosures to ‘Pay It Forward’

FOR IMMEDIATE RELEASE

Nancy Braun, Owner & Broker-In-Charge
704-889-5600
info@showcaserealty.net

Local Real Estate Brokerage Uses Foreclosures to ‘Pay It Forward’
Showcase Realty partners with the national REO4Kids effort to raise money for children’s charities through the sale of REO properties.

CHARLOTTE, NC (October 18, 2010) – Nancy Braun, Owner and Broker of Showcase Realty, LLC, has recently teamed up with REO4Kids to become one of the few brokerages across the US donating $100 to children’s charities per REO Asset she sells. In 2009 Nancy’s group donated over $200,000 and expects to donate more than $250,000 in 2010. Because foreclosures affect inner city kids more than anyone else, the group has elected to help the Boys and Girls Club of America as well as Make-a-Wish. Showcase also donates to No Paws Left Behind to help the animal victims of this foreclosure crisis.
The recent partnership of Showcase Realty with REO4Kids is not only raising money for deserving charities but also shining a positive light onto the unfortunate situation that is home foreclosure.
“This is a huge opportunity for Showcase Realty to ‘Pay it Forward’. We want to hold the torch and lead the way for other agents and brokerages to use real estate as a way to give back to their local communities as well as the larger national community in this time of economic need,” says Braun.
Braun, who has been a successful real estate agent for14 years, opened Showcase Realty in 2008. In addition to General Brokerage, the firm launched foreclosure and short sale divisions to address the surge of foreclosures, short sales and distressed properties in the real estate market.
Visit CharlotteREOBroker.com or REO4Kids.com for more information. To find out more about current REO homes Showcase Realty has to offer send an email to info@charlottereobroker.com

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Charlotte Home Prices Drop, US Existing Home Sales Jump

According to the Charlotte Business Journal, Charlotte-area home prices drop 3.4% and existing US home sales jump 10%.
The following are two excerpts from articles about each of these subjects:

Charlotte-area home prices drop 3.4%

“Homes prices in the Charlotte market fell 3.4 percent in August from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index. And August’s local prices dipped 0.4 percent from the July level, the report says.

The year-over-year price drop was the third-largest among the 10 U.S. cities that posted declines. The local downward trend runs counter to S&P/Case-Shiller’s overall national index of 20 cities, which saw a 1.7 percent price increase in August from a year ago.”

Read more: Charlotte-area home prices drop 3.4%

Existing-home sales jump 10%
“Sales of existing homes in the United States jumped in September, though they remained lower than year-ago levels.

The National Association of Realtors says sales of existing single-family houses, townhomes, condos and co-ops rose 10 percent from August to September — the biggest monthly gain in nearly 28 years.

But compared with a year ago, existing-home sales nationwide were down 19.1 percent in September.

Still, the Realtors’ group says the housing market is in the early stages of recovery.

“A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium,” says Lawrence Yun, NAR chief economist. “But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions.”

Distressed-home sales accounted for 35 percent of all sales in September, up from 34 percent in August.

Sales in the South rose 10.6 percent in September. That region includes the Carolinas but also stretches from Delaware to Florida, under the association’s reporting system.”

Read more: Existing-home sales jump 10%

For more information regarding buying or selling homes in Charlotte Metro and surrounding areas, click here.