Comments on: Charlotte Real Estate Market Report 2008 A Look Forward to 2009

By: Nigel Brookes

Nigel Brookes — Thu, 30 Jul 2009 22:32:17 +0000

Terry, Great article! I think you’re absolutley right. I have been selling real estate since 2001 and the Charlotte market is affordable for everyone. We did see a slight decrease in prices around the region, but the areas near downtown have held strong.

Stay Motivated!

Nigel Brookes, Realtor

By: John Horne, Broker-in-Charge

John Horne, Broker-in-Charge — Sat, 25 Apr 2009 12:23:31 +0000

Terry- I am so excited about the first time home buyer program you are now offering to the many people out there looking to fulfill their dream of owning their own home. First Time Home Buyers could not ask for a better team to aid them in their efforts in not only searching for the perfect fit for their budget, but also in making a sound buying decision. This first time home buyer program you have developed is setting the stage for how Real Estate Professionals across the United States should service their clients. I normally don’t publicly endorse programs, but in this case, I find that it is so important for first time home buyers to work with someone who actually cares about the outcome and I could give no higher recommendation than Team McDonald at Wilkinson and Associates.

By: Jen

Jen — Sat, 31 Jan 2009 22:16:14 +0000

Terry – Thanks for the overview of Charlotte. Very helpful, unfortunately I’m coming from a yellow area (MN) – not so good on the outlook. Hope that my house hasn’t lost too much value.

By: Charlotte Homes

Charlotte Homes — Sat, 31 Jan 2009 09:28:04 +0000

Terry ! Excellent analysis. 2009 is going well for me as a real estate agent and i have high hopes for 2009.

By: Terry

Terry — Mon, 26 Jan 2009 21:59:14 +0000

John- there are buyers here. I’ve had 6 new ones and one phone call since Saturday!But we are back to 2004 sales numbers– that’s OK, I did all right in 2004!
Cher- there is real pain out there–check out those RED states, there is virtually no market there unless it IS a foreclosure. So there is a crisis in this country in housing and it is worth reporting. Just don’t report it lazy. Short sound bites bury us- the 2/3 of the market doing not so bad, under a mountain of buyer angst brought on by poorly researched, poorly reported news stories.

By: Ken

Ken — Mon, 26 Jan 2009 21:48:32 +0000

Terry – EXCELLENT analysis and your thoughts/opinions are well taken! The media has to better understand how their stories impact lives, communities, consumer confidence and NOT just ratings!! We have much to be proud of in “little ole” Charlotte. See you soon!!

By: Cher Lemos

Cher Lemos — Mon, 26 Jan 2009 21:00:08 +0000

Wow Terry~ Excellent write…I agree with Julie. I also think that we need more positive and less negative in the media…

By: John Horne

John Horne — Mon, 26 Jan 2009 15:38:51 +0000

Terry,

I have high hopes for 2009, I think our lives and our markets are what we make of them. I also, don’t believe things are as bad as the media is making it out to be. I have a regularly priced lising in the $300,000 plus range that is selling only after 8 days on the market. Overall, people are going to move to Charlotte, it is a great place to live, and I have been here all my life 37 years, I cannot imagine being anywhere else!!– All I can say is GO CHARLOTTE!!

By: Terry

Terry — Sun, 25 Jan 2009 11:57:39 +0000

Thanks Linda, I like to stay in the “reality-based’ world!
Scott, with so much economic upheaval and many people in our business out of work, I can’t say the business is good… isn’t. But, for consumers, we are getting a great selection of homes at prices you and I haven’t seen for years…THAT is good.
Ian- yes people new to Charlotte come to town and they think.. what I’d think if I lived in their town- “real estate is like at home.” This is OK if they are from the 2/3’s of the country where real estate didn’t go crazy up and then crazy down– its more difficult for somebody from Miami.
Bill- agreed, just PUSHBACK and try and tell the whole story wherever you can
Julia- Thanks Julia, I think you are right. Charlotte skipped the last several recessions, and our prices appreciated through the first two quarters of 2008. That was all due to our strong local economy, affordability and most of Charlotte never had that “bubble like” growth. No “Bubble” no “Bubble pop”- but it is why we need a housing stimulus NOW. There is no local reason for the minor price adjustments in the 3/4th quarter-just weaker demand eroding prices…the right Stimulus would stop that.

By: Linda

Linda — Sat, 24 Jan 2009 21:06:04 +0000

Thanks Terry- great article! Appreciate you always being on top of your game with the latest facts!