Great news for first time home buyers that we’ve been hoping for! Today, Shaun Donovan, secretary of the Department of Housing and Urban Development announced that they’ve worked out the details of allowing lenders to make a bridge loan to first time home buyers for the $8,000 tax credit so that it can be used [...]
Archive for May, 2009
$8,000 Tax Credit Now Available Up Front
Posted in Finance, General Real Estate Market, Real Estate, tagged $8000 tax credit, first time home buyers, first time homebuyers, HUD on May 29, 2009 | Leave a Comment »
Mortgage Interest Rates Going Up
Posted in Finance, General Real Estate Market, tagged interest rates, mortgage rates on May 28, 2009 | 1 Comment »
Yesterday I talked about not knowing we’ve hit bottom on home prices until you see it in the rear view mirror. Looks like there’s a good chance we’re now looking back at the bottom for mortgage interest rates. I just came from a closing where the buyer’s lender attended, and she was talking about 30 year [...]
A Glimmer of Housing Hope?
Posted in Charlotte, General Real Estate Market, Real Estate, tagged home price statistics, S&P Case/Shiller Home Price Index on May 26, 2009 | Leave a Comment »
There is an article in today’s Charlotte Observer about the latest S&P/Case Shiller Home Price Index reporting March figures (see it HERE). It says that in the Charlotte market, we saw a home price increase of .3% after 8 months of declines. Have we hit bottom or is the market just toying with us? Statistics [...]
More on Fashionable Troutman
Posted in Iredell County, Lake Norman, Mooresville, Quality of Life on May 24, 2009 | Leave a Comment »
Those who’ve been away from Troutman for awhile might be amazed at some of the interesting things happening there that make for a very pleasant surprise. I recently mentioned Pellegrino’s Trattoria and Ole’ World Market. Today, I want to mention a couple more welcome additions to Troutman’s quality of life. At the Troutman Chamber’s first [...]
Troutman is Becoming Quite Fashionable Now
Posted in Iredell County, Quality of Life, Troutman, tagged shopping, small town on May 22, 2009 | Leave a Comment »
When I was growing up in Troutman, it truly could have been a model for Andy Griffith’s Mayberry, and I would’ve made a pretty convincing Opie. I rode all over town on my bike and sported that nifty crewcut and jeans with rolled up cuffs that you saw on Opie. I’ll tell you more about [...]
Another First Time Home Buyer Incentive from NC
Posted in Finance, General Real Estate Market, tagged first time home buyers, first time homebuyers, NCHFA on May 21, 2009 | Leave a Comment »
Of course, we’re happy to have the $8,000 first time home buyer tax credit from the feds. We’ve seen quite a few people use that. Trouble is that you have to have cash available up front for the down payment and closing costs. The feds are trying to figure out how to give the tax credit [...]
Fiddler’s Grove Back for 85th Year
Posted in Entertainment, Iredell County, Quality of Life, tagged bluegrass, fiddle on May 20, 2009 | Leave a Comment »
This weekend, the Iredell County community of Union Grove will once again host Fiddler’s Grove- The Old Time Fiddlers and Bluegrass Festival. Friday, Saturday and Sunday will be filled with strings and story tellers. HERE is a link to the web site with all the details.
$8,000 First Time Home Buyer Tax Credit Bridge Loan?- Hold on There a Minute!
Posted in Finance, General Real Estate Market, Real Estate, tagged $8000 tax credit, first time home buyers, first time homebuyers on May 19, 2009 | 2 Comments »
Got this from the North Carolina Association of Realtors Government Update from last Friday (5/15/09): “HUD Reconsidering Tax Credit Use for Down Payment HUD is apparently delaying its determination that the $8,000 first time homebuyer tax credit can be used for down payments. This Tuesday, Shaun Donovan, secretary of the U.S. Department of Housing and [...]
Race City Festival- Fun with Scattered Showers
Posted in Entertainment, Quality of Life, tagged arts, Festival, live music, Race City on May 18, 2009 | Leave a Comment »
The annual Mooresville Race City Festival came off last Saturday with only a few rainy delays with lots of people crowding Main and Broad Streets. Showers in the middle of the day thinned the crowd for short periods, but at least it was much cooler than we’ve experienced in the past. I met quite a [...]
Statesville’s Larkin Development- Back on Track?
Posted in Iredell County, Statesville, Troutman, tagged economic development, Larkin, real estate development on May 15, 2009 | Leave a Comment »
A couple of years ago, Statesville’s movers and shakers were all abuzz with excitement about the announcement of a new mixed use development named Larkin to be built to the southest of the city and above Troutman. The plans showed over 900 acres of various residential and commercial development. I went to one of the [...]
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