Real Estate Items of Interest Sent Out by the NCAR Today

I have listed a few notes below that were sent out by the NCAR today.  I found them to be very interesting and wanted to share them with you!

  • Historically, after tax mortgage payments have averaged 26 percent more than rental payments.  This average has been as high as 66% more in 2006.  In the narrowest gap since 2001, 2008 average mortgage payments were only 24% more than rental payments.  Renters take note!  This is a great time to make a home purchase.
  • On Thursday, the house is expected to vote on a bill that would allow bankruptcy judges to erase some of the mortgage debt for troubled homeowners and shield mortgage servicers modifying loans from bondholder lawsuits.  The expectation is that this bill would prod mortgage companies to loosen home loan terms.
  • The outlook on the real estate marketing is looking much better.   With the addition of the $8000 Tax Credit for First Time Home Buyers, the relief program to keep 3-4 million homeowners out of foreclosure, and the continued low interest rates, the Mortgage Bankers Association saw a 48% increase in new mortgage applications last week!
  • Forbes Magazine Ranked Raleigh, NC second in “Where to Live under $500,000”.
  • Ranked Charlotte, NC as the third “Best Market in the Country”.
  • First American Core Logic Inc. Ranked Rocky Mount, NC as seventh in “Cities with Continued Appreciation” at 6.68%.

    An Immaculate Home For Sale in Mooresville $379,900

    An Immaculate Home For Sale in Mooresville $379,900

Sometimes it is easier to have someone else to sift through it all in order to bring you the important parts, that you really need to know.  SO there you have it for today!


About Michelle Nantz

There are many qualities and skills that go into being an excellent real estate professional: integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network ~ all of which are hallmarks of Michelle Nantz. In 2003, Michelle began her career in real estate, after a successful career in restaurant and hotel management with her last position as Regional Director of Operations running 56 hotels throughout two states. She owes her success in real estate and management to her expertise in people skills, managing, negotiating, and follow-up. However, it is Michelle’s dedication to quality service that she ultimately credits her success. Michelle shared, “In my experience as a Lake Norman real estate professional, I’ve found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to their needs.” This “client first” philosophy combined with continual personal improvement and keeping up-to-date with the latest technologies is a cornerstone of both Michelle’s and Lake Norman Realty’s business philosophy. In addition to Michelle’s extensive real estate education and her experience in the local market, she is also an Accredited Staging Professional®, which brings additional value to marketing her clients’ homes. Michelle and her family have made the Lake Norman area their home for over 10 years. In her rare leisure moments, you’ll find Michelle with her three children and husband, or unwinding with gardening or reading. “I live and work in this community and only have the best interests of our community and its members in mind,” says Michelle. Her community activities include participation in Denver Days, Relay for Life and support for Christian Ministries and area schools.
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One Response to Real Estate Items of Interest Sent Out by the NCAR Today

  1. wonker says:

    Interesting blog, I’ll try and spread the word.

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