Charlotte NC Economics | Charlotte NC Homes for Sale By The Maxwell House Group, Realtor

Surprise Shortage Boosts New Home Sales and Prices in Charlotte NC

Shortage of homes for sale in Charlotte NC

Charlotte NC Homes for Sale Inventory DOWN, Leading Many Buyers to Seek New Construction Once Again As quoted in a recent article by MarketWatch.com, "Analysts say uptick is about more than just buyer demand;" our inventory shortage is not only leading to multiple Offer situations but, also giving builders in the Charlotte Metro region, new life. There are currently 1,384 new construction homes on the market in the Charlotte region with 853 under Contract in MLS! These are only the new construction homes listed in MLS but, most of the successful builders are listing their homes to-be-built … Continue reading...

Housing a Sweet Spot for U.S. Economy as Recovery Expands

New Construction Sales up in the Charlotte NC area

New Construction Sales up 23% Year-Over-Year as 2012 Ends On a High Note! Debe Maxwell www.iCharlotteRealEstate.com's insight: 2,937 new construction home builds were recorded in MLS in 2011. In 2012, 3,686 new construction homes were completed in Charlotte (per the MLS), a hefty 23% in a recovering year! Great news for Charlotte home builders... At Lambert Ranch, an Irvine, California, housing development where prices start at $1 million, just two of 98 homes are unsold since the project opened in May. See on Scoop.it - Charlotte Real Estate See on www.bloomberg.com Debe Maxwell | … Continue reading...

Charlotte NC Real Estate News & Market Report | Week Ending 12/07/2012

The Holidays are Upon Us! There is just no better feeling than during the holiday season--regardless of your religious beliefs, it's just an exciting season! We're gearing up for one of our best holiday seasons in real estate as well! If you're thinking about selling your home, give us a call. There ARE buyers out there who are desperately trying to find a home but, just can't! Inventory is down and nearly as quickly as homes go on the market, they are selling--again, especially if they're priced right, in great condition and in a good location. Sellers, if you're preparing that home to … Continue reading...

Charlotte Named #2 in Nation for Best Publicly Traded Stocks

Charlotte welcomed CNBC this week to declare the city the nation's second-best for publicly traded stocks. Relocating to Charlotte? We think you'll love this city as we always seem to be atop the 'good' list for cities across the nation for growth, economics, jobs and lifestyle. Year over year, Charlotte's publicly traded companies have returned an average of 21%, as calculated by "Street Signs'" Brian Sullivan. Top performers include Bank of America, Lowe's, SPX, Carlisle Companies, Inc., Family Dollar and Sonic Automotive. Tweeting as he toured Charlotte, Brian Sullivan created quite the … Continue reading...

BOA’s Brian Moynihan on housing: ‘The worst is over’ – Charlotte Business Journal

Good News on the Housing Market from Charlotte's Brian Moynihan, CEO Bank of America In an interview with Bloomberg TV, Bank of America CEO Brian Moynihan said the U.S. housing market is on the mend. "The worst is over," he said, noting past-due mortgages and the backlog of problem mortgages are beginning to subside. "You're starting to see the home market heal around the country." If Moynihan's take on the issue proves to be true, that's welcome news for BofA shareholders. The Charlotte-based bank (NYSE:BAC) has been weighed down by the country's most distressed mortgage portfolio. The bank … Continue reading...

SunTrust Opens Lending Sales Center in Charlotte Creating 100 New Jobs

Charlotte NC Economic Recovery Continues | SunTrust Adding 100 New Jobs to Charlotte Market CHARLOTTE, N.C., Oct. 3, 2012 /PRNewswire via COMTEX/ -- SunTrust Banks, Inc. today announced the opening of a new state-of-the-art loan sales center in Charlotte to underwrite and process mortgage loans. Currently staffed with approximately 40 underwriting professionals, plans are to expand the number of employees to 100 by the end of year. "This new center enhances and expands our capabilities in support of our mortgage lending activities throughout our footprint," said Jeffrey McCabe, senior vice … Continue reading...

Will DNC Bring More Convention Business?

Charlotte Convention Center- host to the 2012 DNC Conference

Will the Democratic National Convention bring the Charlotte Convention Center more business? The CRVA and the DNC say there will be long-lasting effects, as the city enjoys the national spotlight for three days in September. Steve Kerrigan, chief executive of the DNC Committee, says Boston enjoyed a boom in convention business after hosting the 2004 DNC. Boston isn’t so sure. The number of convention center hotel-room nights in Boston jumped by more than 35 percent in the year after the DNC. But Mac Daniel, a spokesperson for the Massachusetts Convention Center Authority, said that increase … Continue reading...

Charlotte Home Buyers and Sellers – Economists have Good News for You

Looking to Buy or Sell Charlotte Homes? Economists have Good News for You! For the last four to five years, the housing industry news has often been gloomy but, the tide is finally beginning to turn for buyers and sellers of Charlotte homes! A recent survey of 100 economists points to modest gains in home prices starting in 2013. Those gains are expected to continue through 2016! Improving Real Estate Market While some prices are still slated to drop in 2012, those losses will likely mark the bottom of the trough. The tumultuous times in the real estate industry are, according to most … Continue reading...

Charlotte NC Relocation | Economic Growth | Real Estate & Construction

New Construction continues in the Charlotte Metro area

Charlotte NC Relocation Information | Economic Stability | Construction The Charlotte region is thriving! Both businesses and individuals are attracted to our growing region. Booming with both economic and commercial activity, Charlotte has all of the advantages of one of the most rapidly growing metropolitan areas in the United States. The Charlotte NC metro region is growing but, somehow the people in the Charlotte area maintain a warmth and friendly feel as though we were living on Main Street in Small Town, USA! With the constant influx of new business and relocating headquarters to … Continue reading...

Real Estate Agents See Spring Home Sales And Bid Wars

Spring Home Sales Bring Bidding Wars Across the Country, Including Charlotte U.S. housing market shows improved foot traffic and sales data as spring season enters stretch run. The challenge now is finding enough inventory, Realtors say. Anyone who makes a living in residential real estate knows better than to crack open the champagne just because of some encouraging housing data. Still, it's hard not to get cautiously upbeat over recent trends that point to an improving U.S. housing market and indicate some further strengthening in months to come. National real estate analysts and local … Continue reading...