It's great to hear that tourism spending is up in both North & South Carolina. 2010 was a record-setting year for North Carolina which recorded $17 billion in tourism spending. South Carolina recorded $9.7 billion in tourism spending, not quite surpassing the record-setting year in 2008 of $9.9 billion. Read Article
With so much economic uncertainty being reported, I'm happy to see some good news out there. I'm hoping the high gas prices don't stagnate the numbers for 2011!!
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Check out What's Happening in Charlotte, NC as Experienced by a Local Real Estate Agent.
Tuesday, June 28, 2011
Tuesday, June 21, 2011
Great Website for Private Schools in Charlotte, NC
Let me preface this post by apologizing for going AWOL for the past 8 days. I had forgotten how hard it is to transition to different sleep patterns with a newborn in the household. This isn't to say that I have been negligent of my realtor duties, rather I'm used to posting in the evening hours while the family is asleep. Now I've got a newborn in one hand and a bottle in the other!
I want to share a great website with you. I have a potential client moving to Charlotte from Tennessee. These folks are concerned about school districts (as most parents are) for their children. Keeping their options open, they wanted to begin researching private schools in the area in case their dream home lands in a school district that does not meet their expectations. Click Here for the private school ratings in Charlotte, NC. (I have a link to this site under the "search by school" tab of my website .... in case you lose the link.)
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
I want to share a great website with you. I have a potential client moving to Charlotte from Tennessee. These folks are concerned about school districts (as most parents are) for their children. Keeping their options open, they wanted to begin researching private schools in the area in case their dream home lands in a school district that does not meet their expectations. Click Here for the private school ratings in Charlotte, NC. (I have a link to this site under the "search by school" tab of my website .... in case you lose the link.)
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Monday, June 13, 2011
Improvement in Charlotte Area Home Sales
I'm not big on posting other articles from another source, however I feel obliged as Laurie Knudsen is my Broker in Charge as well as president of the Charlotte Regional Realtors Association ... obviously I'm proud of her :) !
kpittman@charlotteobserver.com
Posted: Thursday, Jun. 09, 2011
Charlotte-area home sales improved in May over the month before, new data from the Charlotte Regional Realtor Association show.
About 2,190 houses, townhouses and condos sold in the Charlotte region last month, up nearly 17 percent from April, according to the report released Thursday. That was down about 12 percent from May 2010, when sales surged in response to the government's homebuyer tax credits.
Meanwhile, pending sales - signed contracts that haven't yet closed, a good measure of current housing activity - climbed about 2 percent from April and nearly 14 percent over the May 2010 level. The data come from the Realtor association's Carolina Multiple Listing Services, which accounts for nearly all sales in the Charlotte area.
"I think we have reached the bottom, and we're on our way out," said Laurie Knudsen, association president and Realtor with Helen Adams Realty.
The latest MLS report marks a turnaround from April, when home sales fell. Knudsen said that's partly because foreclosures and short sales are beginning to be absorbed, decreasing the area's inventory of existing homes.
Her office is seeing more showings, a sign that consumers might be less hesitant to buy. In addition, "there's always something about the spring that brings out that nesting instinct in people," she said.
Despite the uptick in sales, home prices remain weak, signaling continued challenges in the housing market. Foreclosures, tight lending standards and lingering economic uncertainty are among the factors fueling the slow rebound, and experts say it could take a year or more for prices to begin climbing again.
The average selling price in the Charlotte region in May was $208,999, up about 3 percent from April and up 0.6 percent from the year before, the MLS data show. But that's still down about 7 percent from May 2008, shortly after the recession began.
The latest S&P/Case-Shiller Home Price Index, a closely watched real estate report, showed home prices in the Charlotte area fell in March to their lowest level since the real estate bubble burst.
Prices in the metro area slid 2.4 percent from February and 6.8 percent from March 2010 - the fourth straight month Charlotte-area prices hit a new bottom, and part of a long-anticipated double dip in the national housing market, the Case-Shiller report found.
Knudsen said Case-Shiller data don't always reflect the most recent market trends, and because they cover such a broad region, might miss some patterns occurring locally.
"We're seeing an increase in showings," she said. "When you see an increase in showings, it means that more people are out looking, which is the only real future predictor" of the housing market's performance.
Home sales will likely slow in July and August, a pattern seen most summers as children are home from school and families take vacations, Knudsen said, but she predicts an uptick again in the fall.
"I think we've gone back to a more traditional cycle," she said. "I'm just hoping the cycle continues."
Read more: http://www.charlotteobserver.com/2011/06/09/2364111/home-sales-improve-in-may.html#ixzz1OoPfepDC
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Charlotte-area home sales improve in May
By Kirsten Valle Pittmankpittman@charlotteobserver.com
Posted: Thursday, Jun. 09, 2011
Charlotte-area home sales improved in May over the month before, new data from the Charlotte Regional Realtor Association show.
About 2,190 houses, townhouses and condos sold in the Charlotte region last month, up nearly 17 percent from April, according to the report released Thursday. That was down about 12 percent from May 2010, when sales surged in response to the government's homebuyer tax credits.
Meanwhile, pending sales - signed contracts that haven't yet closed, a good measure of current housing activity - climbed about 2 percent from April and nearly 14 percent over the May 2010 level. The data come from the Realtor association's Carolina Multiple Listing Services, which accounts for nearly all sales in the Charlotte area.
"I think we have reached the bottom, and we're on our way out," said Laurie Knudsen, association president and Realtor with Helen Adams Realty.
The latest MLS report marks a turnaround from April, when home sales fell. Knudsen said that's partly because foreclosures and short sales are beginning to be absorbed, decreasing the area's inventory of existing homes.
Her office is seeing more showings, a sign that consumers might be less hesitant to buy. In addition, "there's always something about the spring that brings out that nesting instinct in people," she said.
Despite the uptick in sales, home prices remain weak, signaling continued challenges in the housing market. Foreclosures, tight lending standards and lingering economic uncertainty are among the factors fueling the slow rebound, and experts say it could take a year or more for prices to begin climbing again.
The average selling price in the Charlotte region in May was $208,999, up about 3 percent from April and up 0.6 percent from the year before, the MLS data show. But that's still down about 7 percent from May 2008, shortly after the recession began.
The latest S&P/Case-Shiller Home Price Index, a closely watched real estate report, showed home prices in the Charlotte area fell in March to their lowest level since the real estate bubble burst.
Prices in the metro area slid 2.4 percent from February and 6.8 percent from March 2010 - the fourth straight month Charlotte-area prices hit a new bottom, and part of a long-anticipated double dip in the national housing market, the Case-Shiller report found.
Knudsen said Case-Shiller data don't always reflect the most recent market trends, and because they cover such a broad region, might miss some patterns occurring locally.
"We're seeing an increase in showings," she said. "When you see an increase in showings, it means that more people are out looking, which is the only real future predictor" of the housing market's performance.
Home sales will likely slow in July and August, a pattern seen most summers as children are home from school and families take vacations, Knudsen said, but she predicts an uptick again in the fall.
"I think we've gone back to a more traditional cycle," she said. "I'm just hoping the cycle continues."
Read more: http://www.charlotteobserver.com/2011/06/09/2364111/home-sales-improve-in-may.html#ixzz1OoPfepDC
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Thursday, June 9, 2011
Charlotte Economy Projected at 2.7% Growth
I've been AWOL the past few days as my wife and I welcomed a new-born into our family. I'm still shaking the cob webs out of my head while adjusting to the lack of sleep!
(While I was on leave, I was forwarded this link from my loan officer at Cunningham & Company and felt it worth of sharing.) While we Charlotteans are hearing rumors of the threat of a double dip economy, a local economist projects a 2.7% growth for the Charlotte market of which the real estate outlook is projected to grow 1.5% and more importantly, nearly 65,000 net jobs are in the projected forecast! Nice to get some good news from reliable sources. Click Here for Article
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
(While I was on leave, I was forwarded this link from my loan officer at Cunningham & Company and felt it worth of sharing.) While we Charlotteans are hearing rumors of the threat of a double dip economy, a local economist projects a 2.7% growth for the Charlotte market of which the real estate outlook is projected to grow 1.5% and more importantly, nearly 65,000 net jobs are in the projected forecast! Nice to get some good news from reliable sources. Click Here for Article
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Friday, June 3, 2011
Career Fair Coming to Charlotte, NC
Hey...the economoy is slowly but surely on the rebound. Yes...I know economic graphs resemble a roller coaster ride, as well. The most important ingredient needed for a full recovery across the nation is the jobless rate. We need to put Americans back to work and until this happens, the housing market and economy will lag.
Charlotte, NC has a career fair coming to town in September. If you are one of the masses looking for a new career, maybe this site will help: http://www.nationalcareerfairs.com/career_fairs/details/NC/Charlotte/September/13/2011/
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
Charlotte, NC has a career fair coming to town in September. If you are one of the masses looking for a new career, maybe this site will help: http://www.nationalcareerfairs.com/career_fairs/details/NC/Charlotte/September/13/2011/
Bryant Stadler, ePRO Realtor
http://www.bryantstadler.com/
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