Real Estate Blog

Real estate market continues to recover in Cabarrus and Lake Norman region

BY LUKAS JOHNSON - LJOHNSON@CHARLOTTEOBSERVER.COM

02/15/2015 12:00 AM  02/12/2015 5:16 PM

The Cabarrus County real estate market has seen strong in growth in recent years, and area agents predict an upward trend for sellers will continue in 2015 as consumer confidence grows. 

According to data from the Carolina Multiple Listing Services, the average sales price of a home in Cabarrus County rose 9 percent between 2012 and 2014 and closings are up 37 percent.

In addition, the number of homes for sale is down 13 percent and the supply of homes for sale is down from 10.5 months in 2012 to 6.6 months in 2014. 

Cabarrus real estate agent Diane Honeycutt said the recent

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Micro Manager: How To Buy Your Own Hunting Land, Part 2 

by Tony Hansen

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In the last installment, we talked about the process for turning the dream of land ownership into reality. It starts with a plan followed by a down payment and a lender.

Now that you're saving some cash for the down payment and are pre-approved for a loan, you need to find some ground. And if you're budget was as paltry as mine, that might seem like an impossible feat. It's not. I'm going to share some personal information with you: information that I share only because I want to fully illustrate that what I'm writing about can really be done.

My monthly payment on Noah's farm is less than $100 a month. And that's with a 15-year mortgage instead of the standard

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Top Ten Emerging Trends in Real Estate for 2015

In this, the project’s 36th year, the survey derives from a record number of 1,400 participants, including 400 face-to face interviews, with people recruited from all walks of commercial real estate life. Owners, private and institutional investors, service firms, commercial developers, lenders, REIT professionals and residential homebuilders share their opinions and experience. That, plus the latest significant and relevant market and demographic data are the foundation of the report.

What about profitability?

Heading right for the bottom line, I had to ask Mitch how optimistic we could be about 2015. “For 2015 we see 74% positive expectation for the market. To put that in perspective,

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 photo IMG_9455copy_zpsc19f768e.jpgInvesting Strategically in Large Rural Land Tracts Can Lead to Maximizing ROI

BY RUSTY HAMRICK ON SEPTEMBER 16, 2014INVESTING

Although the appeal of acquiring a large tract of rural land is timeless, the mechanics involved with making a sound investment in this class of real estate are constantly evolving. Traditionally, the purchase of land in a rural location is viewed as a long-term investment with a high probability of appreciation that is a good hedge against inflation.

The recent global recession served as a reminder that economic conditions have major impacts on real estate (including land in agricultural production) and traditional investment strategies often need adjustment. For example, nearly six years after the recession,

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Charlotte and Raleigh top U.N. list of fastest growing large U.S. cities

John Chesser | Aug 27, 2014 Charlotte's skyline reflects the rapid growth the city has seen. (Photo: John Chesser)Charlotte's skyline reflects the rapid growth the city has seen. (Photo: John Chesser)

City population projections produced by the United Nations show Charlotte and Raleigh as growing the fastest among large U.S. cities from 2010 to 2030. 

The United Nations produces population estimates and projections for cities from Shanghai to Johannesburg – including cities in the U.S.  The U.N. uses areas it calls “urban agglomerations,*” which measure the continuously built-up areas around central cities. It’s a different measure from the Metropolitan Statistical Area used by the U.S. Census Bureau.

In the U.N.

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Charlotte named best big-city bargain by 'Money' magazine

Sep 23, 2014, 8:00am EDT UPDATED: Sep 23, 2014, 10:41am EDT   Print 479340509 Enlarge Photo PJPhoto69 via Thinkstock

"Money" magazine has named Charlotte the No. 1 big-city bargain on its annual "Best Places to Live in America" rankings.

  Jen Wilson Associate Editor/Online-Charlotte Business Journal Email  |  Twitter  |  Google+

Money magazine is out with its annual rankings of the “Best Places to Live in America,” and North Carolina locales earned accolades across several categories.

Charlotte was named No. 1 among the magazine’s “big-city bargains”— a ranking based on housing affordability, economic strength,

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Award-winning Owl's Eye Vineyard

New listing in Shelby, NC. Owl's Eye Vineyard is a working vineyard that grows a variety of grapes and offers a turn key opportunity for someone to fulfill their dreams of owning a vineyard! To view a full video tour of the property, visit http://vimeo.com/104176052 

Dustin McClure's photo.Dustin McClure's photo.Dustin McClure's photo.Dustin McClure's photo. Dustin McClure's photo.
 
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Congratulations, Nick Marinelli, for this week's Broker Spotlight by the The Land Report. Come check out more about Mossy Oak Properties Outdoor Realty by visiting www.MOPcarolinas.com. BROKER SPOTLIGHT: Nick Marinelli of Mossy Oak Properties 

Nick joined MOP in August of 2008. A native of North Carolina, Nick grew up in a small rural town outside of Charlotte. A graduate of UNCC, he is licensed in NC, SC, GA and TN. Learn more about Nick here: http://ow.ly/ARB2b. — Eddie Lee Photo: BROKER SPOTLIGHT: Nick Marinelli of Mossy Oak Properties 

Nick joined MOP in August of 2008. A native of North Carolina, Nick grew up in a small rural town outside of Charlotte. A graduate of UNCC, he is licensed in NC, SC, GA and TN. Learn more about Nick here: http://ow.ly/ARB2b. — Eddie Lee
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Sales in South Driving New Home Figures

Aug 25 2014, 10:29AM

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New home sales were down again in July, declining by 2.4 percent from June to a seasonally adjusted annual rate of 412,000 units.  But the June rate of 406,000 units reported last month was revised upward significantly to 422,000 units. July sales were 12.3 percent above the annual rate in July 2013 of 367,000 units.

On an unadjusted basis there were 37,000 new homes soldin July compared to 40,000 in June and 33,000 in July 2013.   Sales for 2014 through the end of July totaled 264,000 compared to year-to-date sales a year earlier of 269,000.

On a seasonally adjusted annual basis the Northeast saw sales slip by 30.8 percent from June and 43.8 percent from a year earlier. 

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