Blog Archives
November 2010 Lake Norman Real Estate Market Update
- Dec
- 08
Lake Norman Homes
In November 2010 73 homes sold in the Lake Norman area, a 12% increase from the 65 homes sold in October 2010. November 2010 sales figures increased 24% from November 2009 when 59 homes sold in the Lake Norman area.
The average sales price increased 9% from $512,183 in October 2010 to $556,014 in November 2010. The November 2010 average sales price increased 44% from the November 2009 average sales price which was $385,109. (more…)
read moreHome Ownership Still The Core of The American Dream
- Oct
- 11
Ownership Costs Are Dropping Below Rental Costs!
- Oct
- 11
The recent downturn in the housing market resulted in a drop in rental rates, but rents are back on the rise while the cost of home ownership has dropped.
As the chart below indicates, as average apartment rental rates have slightly decreased, the decline has been moderate in comparison to home values, which have declined nationwide by 30 to 40 percent since the peak of the housing boom. (more…)
read moreLenders Are Back In The Game
- Oct
- 11
The subprime mortgage crisis brought underwriting standards back into the mortgage origination process. And while the final quarter of 2009’s financial meltdown led to a sense that financing had dried up, mortgage funds are now available.
“If you have a job and can afford the payment, chances are you’ll qualify for a mortgage,” says David Reed, a mortgage banker and author of Mortgage Confidential: What You Need to Know That Your Lender Won’t Tell You. (more…)
read moreSellers Are Still Motivated
- Oct
- 11
