Tag Archives for " housing market update "
In 2012, the housing market is continuing to improve as the U.S. economy moves forward on its slow but steady recovery.
Demand in many areas and price points are now greater than supply and there has been upward pressure on home prices! In fact, there is so much good news to share that we are having a FREE MEETING on March 26th from 6:00 – 7:30 PM at our NEW! Showcase Realty Charlotte location to present it all!
These are just a few of the topics we’ll cover:
All Homes 66% Off!
I’ll bet you’d stop if you saw this sign at a builder’s subdivision! Believe it or not, the cost of a home really is 66% off! With low prices and low interest rates the same home bought in 2005 is three times as affordable today than they were in 2005! The following example should help you understand just how good the deals are right now.
If you borrowed $200,000 to buy a home in 2005 and got a loan with a 6% interest rate, the interest would cost $12,000 per year or $1,000 per month.
That same home today can probably be purchased for about half its 2005 value, so your loan would be $100,000. The interest rate wouldn’t be 6%, it would only be 4% so you would spend only $4,000 per year or $333 per month! One-third the payment FOR THE SAME HOUSE!!!
Worried prices are still falling? Wouldn’t it be nice to know which areas are still falling in value and which are increasing? I have statistical evidence of what is happening in every price range, property type, and neighborhood in and around Charlotte.
This information will empower you to make smart decisions whether you’re buying or selling. If you’ve been thinking about moving up, down, or sideways, there is no better time. Hurry before the market heats up when school lets out!
Plan to attend our Housing Market Update on Monday, March 26th from 6:00 – 7:30PM at Showcase Realty’s New Office in Southend Charlotte (1430 S. Mint Street Suite 106, Charlotte, NC 28203). Seats are limited, so register here to reserve your place. We will provide light snacks and door prizes to those who RSVP and attend!