Uptown Charlotte Real Estate has new hope

Uptown Charlotte has some hope in the uncertainty of the Wells Fargo – Wachovia Merger. The new skyscraper originally known as Wachovia Tower and meant as their crown jewel of Charlotte had a fearful future for many Charlotte area residents until yesterday, when a deal was reached with Charlotte based energy company, Duke Energy.

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Charlotte Real Estate is Ranked #3 in the Country….again

Charlotte, NC Real Estate is back at the top of the national real estate market again according to the S&P / Case-Shiller home price index. This measures homes prices in 20 of the nation’s largest Metro areas around the country through December of 2008. Charlotte was at the top of the best markets in the country due to having one of the smallest rates of decline in our property values.

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Cabarrus County Real Estate expected to rise

Recently, a Bank of America official was quoted as saying that the Charlotte, NC suburb counties of Cabarrus and Iredell were expected to experience real estate growth over the next 5 years, despite the economic downturn. Cabarrus County real estate actually leads the Charlotte NC Real Estate market in growth expectations with anticipated expansion of as [...]

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Citi and Wells Fargo Battle over Wachovia

Citigroup and Wells Fargo Battle over Wachovia
 
The Battle over Wachovia escalated to a new level this weekend when Citigroup Inc. filed a lawsuit against Wells Fargo seeking more than $60 billion in damages for interference with the takeover of Wachovia’s banking operations.
The lawsuit that Citigroup filed on Monday is essentially due to Wachovia’s bad-faith breach [...]

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Fannie Mae and Freddie Mac bailout will lower interest rates!

It turns out that some good comes from the bailout. Mortgage rates are way down and housing suddenly seems a little more affordable.

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Another Monday gone

Wow, Monday’s are always crazy but today was particularly busy. I think it’s been like that every Monday for abotu 6 months now but whatever, we’re staying busy. Ifeel really fortunate to have so much to do, most Charlotte Real estate agents aren’t so lucky rigt now. I can’t say that I’m thrilled to be busy [...]

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How does Fannie Mae & Freddie Mac affect Charlotte NC real estate?

 

Well, they finally did it. The Bush administration said today that they would instruct the federal government to take control of our ailing guarantors, Fannie Mae and Freddie Mac. As a result of the change, the executive and board of directors have been replaced in hopes for the greatest result of the change and to [...]

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New information on cities around Charlotte

The Charlotte region is full of interesting cities and towns and all of them have a story to tell. We want to help tell those stories at our site and we’re getting there on page at a time. Check out some of our new pages, all linked form the home page of Charlotte’s number on [...]

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Good Morning Charlotte

What’s new? I went to a mortgage education class last night. I was a guest speaker for a segment regarding….what else? Short Sales. Not as many people came as I had hoped but I feel that a lot of people nearing foreclosure may just be embarrassed to come to a public seminar. To be honest, [...]

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Short Sales on the rise

So what, we do short sales? I’m of course going to write about them a lot and you can read a lot about that below. But, I had to learn all the details of normal Charlotte Real Estate transactions before I could be good at selling pre-foreclosures. I’d really like to make this a place [...]

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