Charlotte Housing Market- Charlotte Observer (Weddington: for sale, foreclosures, mortgages)

[azhousing]

Oh my, I thought it was bad with the housing market in Charlotte, but not this bad! Today's Charlotte Observer is loaded with articles that pretty much sums it all up.


"Glut of homes up for sale, and more coming to the market"

Glut of homes up for sale, and more coming to market - CharlotteObserver.com (http://www.charlotteobserver.com/2011/01/23/2001722/glut-of-homes-up-for-sale-and.html - broken link)


"Foreclosures mean falling prices, rising inventory"

Foreclosures mean falling prices, rising inventory - CharlotteObserver.com (http://www.charlotteobserver.com/2011/01/23/2001724/foreclosures-mean-falling-prices.html - broken link)


"Over half of 2010 home sales were troubled mortgages"

Over half of 2010 home sales were troubled mortgages - CharlotteObserver.com (http://www.charlotteobserver.com/2011/01/23/2001732/over-half-of-2010-home-sales-were.html - broken link)

[USCRugbyNo1]

Charlotte hasn't even TASTED how bad it's going to get. Remember it took about 2 years for property values to catch up to the recession and we will be one of the last cities to recover. All of the buyers are looking for distressed properties and how can you blame them. Not till we sell all the distressed properties will we see a recovery.

[Jake Ryan]

The announcement by B of A about more layoffs aren't helping any either. I think we'll need to see a turnaround with unemployment #'s before we see this housing market turn.

[Sb4779]

Just met an agent who said recovery is on its way and prices are actually going up!!

[CouponJack]

Originally Posted by Sb4779

Just met an agent who said recovery is on its way and prices are actually going up!!

Realtors represent the interests of the housing market (and more importantly that's how they get paid).

You should never ask a realtor about the health of a market and expect an honest answer.

[Robinlp]

We left Charlotte almost a year ago after having our house on the market for 3 years. We do still have a lot that we owned as well. Our lot is worth nothing. The lot is in Weddington and if you know the area you can imagine how much we paid for it 3 years ago. We are hoping maybe it'll be of some value someday for our children or grandchildren. It does such to keep having to pay for it since it is not valued even close to what we owe on it...but not much we can do now.

[MysteryMT]

So basically what I saw from the OP's original three articles was the same author listed for three articles put out on the same day.

Think Lisa Hammersly and John Fryman get paid by the overall word count?

If I read the same writer in one paper but in three different articles does it give me a better perspective of the Charlotte market?

[QuilterChick]

Originally Posted by CouponJack

Realtors represent the interests of the housing market (and more importantly that's how they get paid).

You should never ask a realtor about the health of a market and expect an honest answer.

Also don't ask the:
Union County Booster Club - Treasurer



Realtors represent the interests of the buyers and sellers.

[coastalgirl]

Meanwhile at least one new house per month is going up in my neighborhood...It's a strange world.

[USCRugbyNo1]

Originally Posted by CouponJack

Realtors represent the interests of the housing market (and more importantly that's how they get paid).

You should never ask a realtor about the health of a market and expect an honest answer.

Not true at all, just look at the data that is out there. It is a great time to buy if you can find a motivated seller and or distressed property.