This month, the Federal Housing Administration’s single-family home loan limits dropped in more than 600 counties across the U.S., including some in the Charlotte area. On its face, it sounds like more grim news for the housing industry: Lower loan limits and price more people out of homeownership. But housing industry officials say it should [...]
The Kannapolis home had been on the market about eight months. The seller, Fred Waite, had lowered the price in September from $1.8 million to $1.5 million. But, still, not so much as a nibble, said the listing agent, Heidi Hines, owner of Hines & Associates Realty in Cornelius. Then Hines got an idea. She [...]
Charlotte-based Spangler Construction used to be in the commercial construction business. These days it’s known as a real estate investment company. And in the upcoming Charlotte City Council and mayoral elections, Spangler’s known as the company whose employees have donated the most to candidates in the two races. Spangler employees donated a total of $5,000 [...]
It’s no secret that times are tough in the housing market. Therefore, it shouldn’t be a surprise that some people feel stuck in their current homes as potential buyers circle, scanning neighborhoods for deals. However, just because the Great Recession hasn’t quite released its talons from the local real estate market that doesn’t mean homeowners [...]
Allen Tate Realtor Sandy Kindbom negotiated three residential real estate contracts in one week last month. That didn’t happen in 2010. For Kindbom, it’s a hopeful sign that 2011 will be the year when — finally — Charlotte’s real estate market begins to climb out of the ditch. “We are having a really, really good [...]
For anyone looking for a home in the Charlotte area, it’s a buyer’s market, thanks to a glut of homes for sale. But as potential buyers are ordering appraisals for homes they are interested in, some appraisers are finding it hard to overlook a flood of foreclosures and short sales, ordinarily considered anomalies in a [...]
Charlotte-based Allen Tate Co. and Davidson-based Knox Realty have merged. Knox opened in 1973 under owners Russell and Patricia Knox. It serves the Lake Norman area and northern Mecklenburg and Iredell counties. H. Allen Tate Jr. founded his company in 1957. It has 37 branches North and South Carolina.
All across the Charlotte region, as snow fell and ice formed this week, real estate agents were still working, although many of them were at home. Sandy Kindbom, a Realtor with Charlotte-based Allen Tate Realty, said most agents have home offices that allow them to be as productive on snow days as they are on [...]