Road to Real Estate

Just received an email today from the developers of the proposed Village of Lake Norman and thought it contained some good information to pass along.

Whiting-Turner was selected as Construction Manager for the $516+ million project

Whiting-Turner has been in business since 1909 and is responsible for the Concord Mills shopping mall, the new Dell facility in [...]

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Saudi Arabia has agreed to pump more oil to meet increasing demand.  Will this make prices at the pump go down?  Maybe, but unlikely.  But this and a proposed crackdown on oil speculators on Wall Street might at least make prices stay steady for the time being. 
I heard the reason that Saudi Arabia is pumping more [...]

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The Charlotte and Lake Norman area provides many communities that are safe havens for walkers and bikers.  With the gas prices at $4+/gallon levels, we are seeing more and more people using these areas to make trips to the local coffee shop, pick up a few things at the grocery store, meet some friends at [...]

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It’s been about a week since I posted anything, and it’s because of the topic of today’s post.  Why NOW is the Smart Time to Buy Real Estate (in the Charlotte and Lake Norman area, or anywhere) is a document that contains facts and the professional opinion about the status of our market.  The management [...]

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CENTURY 21 Hecht Realty has just released a search page for agents/staff to use on their websites that allows website visitors to search all Charlotte and Lake Norman MLS listings. So, why wait? To use the search feature, click the button to the right of this blog post that has the magnifiying glass [...]

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As a fan of and believer in public transportation and Transit Oriented Development (TOD), I was thrilled to read an article in today’s Charlotte Observer about the success of the light rail.  Expecting an average of 9,100 riders a day (which many thought was unreachable), the Blue Line now averages over 13,000 riders a day!  [...]

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Today, I pulled absorption rates for Mecklenburg, Iredell and Lincoln counties and discovered that overall, the Charlotte area is in a pretty balanced real estate market.  Let me explain.  For the city of Charlotte, we have 5.71 months of inventory available.  In other words, if no homes were to be listed for 6 months, we would have [...]

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If you are considering buying or selling real estate in the Charlotte or Lake Norman area of North Carolina, there are a few things that you should know before speaking with an agent, so you know where they stand with relaying information to you. (Note that Agent in the following definitions is really the real [...]

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This post is really a question for the readers of this blog.  As the Century 21 Hecht Realty Internet Marketing Manager, I have a question about real estate on the Internet.
With all the websites and products out there for finding a home or information about real estate, what products (websites, virtual tours, etc) do you [...]

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People interested in purchasing real estate often ask about demographics of different areas. So I thought that I would save some people some time by posting it here. I will be posting other Charlotte and Lake Norman area cities demographic information once the information is compiled (probably once a day). If [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/20/08-2/26/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  470 for an average of $304,020 with an average of 2,203 sq ft
Price Changes:  381 from an average of $281,835 to $274,116 (-2.7%) 
Under Contracts:  286 for an average of $289,131
Solds:  164 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/6/08-2/12/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings: 461 for an average of $319,569 with an average of 2,219 sq ft
Price Changes:  384 from an average of $275,271 to $268,349 (-2.5%) 
Under Contracts:  285 for an average of $265,850
Solds:  141 for an average of $238,560 [...]

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Today, as I was doing my daily browsing on the Internet, I came across a headline that read, “Housing: Best Time to Buy in Four Years.” After wiping off my glasses, having a cup of coffee, and having others look at my computer to confirm the headline, I was not hallucinating. CNN.com posted [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/23/08-1/29/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  418 for an average of $308,645 with an average of 2,200 sq ft
Price Changes:  362 from an average of $257,987 to $246,814 (-4.3%) 
Under Contracts:  287 for an average of $242,070
Solds:  141 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/16/08-1/22/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  426 for an average of $298,820 with an average of 2,174 sq ft
Price Changes:  359 from an average of $286,115 to $281,291 (-1.7%) 
Under Contracts:  260 for an average of $245,715
Solds:  127 for an average of [...]

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