Existing-Home Sales Rise Again in January, Inventory Down

Via Scoop.it - Charlotte Real EstateWASHINGTON, DC, Feb 22, 2012 (MARKETWIRE via COMTEX) -- Existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve, according to the National Association of Realtors®.   Total existing-home sales(1), which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3 percent to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7 percent above a spike to 4.54 million in … Continue reading...

Coming Soon in Myers Park – Beautiful Condo Overlooking Greenway!

Via Scoop.it - Charlotte Real EstateComing soon in the heart of Myers Park! Stay tuned for this unbelieveable condo in a great location, great school zone and right on the Greenway. Walk or jog the Greenway every day or simply enjoy the breathtaking views from nearly every room in the condo.   Amazing views of the Greenway from this lovely condo in Myers Park Charlotte NC. 2-bedrooms, 2-baths with deck overlooking the lush greenway.Via activerain.com … Continue reading...

Housing Recovery Finds Foundation – TheStreet

If you're a Warren Buffett fan, you'll love hearing what he has to say about the housing market... A lengthy and durable recovery in the US housing market is imminent.   "I would say the single-family homes are cheap now, too.... If I had a way of buying a couple hundred thousand single-family homes and had a way of managing -- the management is enormous, is really the problem because they're one by one; they're not like apartment houses -- I would load up on them, and I would take mortgages out at very, very low rates. But if anybody is thinking about buying a home, five years ago they … Continue reading...

As Home Prices Fall Further, Is It Time to Buy?

Via Scoop.it - Charlotte Real EstateHousing appears to be rated a “buy” these days, especially among investors, who see a ripe and rising rental market and big potential for income. But is it the right time yet for so-called “organic” buyers to get in?   Nobody wants to catch a falling knife. It is as simple as that. If potential buyers see continued home price erosion, they will stay parked on the sidelines. But as with everything else in this unique and historic housing market, perhaps the usual logic doesn’t apply.   “Housing is one of the great investments right now. I tell people all the … Continue reading...

EpiCentre developer Ghazi to pay $1.5M, loses condo rights and theater in bankruptcy settlement – Charlotte Business Journal

Via Scoop.it - Charlotte North CarolinaEpiCentre developer Afshin Ghazi agreed Monday to pay $1.5 million toward creditor claims under a sealed settlement in federal bankruptcy court that also forced him to transfer ownership of EpiCentre Theaters, Mez Restaurant and Kazba nightclub.   Ghazi also loses development rights for a condominium project on the Charlotte complex's rooftop, a site previously intended for the failed 210 Trade residential tower.Via www.bizjournals.com … Continue reading...

EpiCentre developer Ghazi to pay $1.5M, loses condo rights and theater in bankruptcy settlement – Charlotte Business Journal

Via Scoop.it - Charlotte North CarolinaEpiCentre developer Afshin Ghazi agreed Monday to pay $1.5 million toward creditor claims under a sealed settlement in federal bankruptcy court that also forced him to transfer ownership of EpiCentre Theaters, Mez Restaurant and Kazba nightclub.   Ghazi also loses development rights for a condominium project on the Charlotte complex's rooftop, a site previously intended for the failed 210 Trade residential tower.Via www.bizjournals.com … Continue reading...

Mecklenburg County property revaluation changes proposed

Via Scoop.it - Charlotte Real EstateAs Mecklenburg County continues to sort through remaining appeals from the 2011 property revaluation, officials are pitching a new way of setting a date for the next one.   The proposal could mean revaluations are done more frequently than the eight years between the last two. It also might make property owners less likely to see big jumps or declines in values between appraisals.   So, when can you expect a new revaluation?  Via www.charlotteobserver.com … Continue reading...