Aid to homeowners may double under Bush-backed loan initiative

The mortgage-industry effort to stem foreclosures aims to double the number of borrowers getting help next year, as Democrats call for using taxpayer money to address the crisis. The Hope Now Alliance, a group created at the behest of Treasury Secretary Henry Paulson last year, expects to modify about 2 million mortgages next year, according […]

Brokers see declining inventory, more pending sales

In comparison to six months ago, over half of member brokers responding to a recent Leading Real Estate Companies of the World® ‘Housing Beat’ survey are reporting one bit of good news with declining housing inventory in their markets. And while only 9 percent are seeing an increase in closings, 26 percent are experiencing more […]

30-year fixed rate falls to 37-year low

The 30-year fixed-rate mortgage averaged 5.19 percent with an average 0.7 point for the week ending December 18, 2008-a 37-year low- according to Freddie Mac’s Primary Mortgage Market Survey. It was down from last week when it averaged 5.47 percent. Last year at this time, the 30-year FRM averaged 6.14 percent. The 30-year FRM has […]

Surprise! Some areas have had price increases

U.S. Home values declined an average of 8.4 percent in the first three periods of 2008, down $2 trillion in total value, according to a recent Zillow.com Real Estate Market Report. Thirty of the 163 metropolitan statistical areas covered by Zillow, either showed gains in the median value of homes in the area or values […]

Green Homes! Villas at Winecoff

Villas at Winecoff The Villas at Wincoff is located just over 1 mile east of I-85 off Hwy 73 in Cabarrus County, North Carolina just minutes north of the Charlotte Metropolitan Area. The Villas at Winecoff is an ideal location for the active adult surrounded by Concord, Kannapolis and Charlotte shopping, dining, entertainment venues, the […]

2 years later: Water fight continues on

CONCORD — Nearly two years after the cities of Concord and Kannapolis received a state license to draw water from neighboring water basins, the fight over the matter goes on.Two lawsuits were filed over the matter.Neither was against the Cabarrus cities.In January 2007, the state awarded Concord and Kannapolis a certificate to draw up to […]

Final decision on land-use plan for East Cabarrus falls to commissioners

CONCORD — The final component of a massive land-use plan for Concord’s eastern growth area will fall to a decision from the Cabarrus County Board of Commissioners in January. The down-zoning decision for 24,500 acres was tabled by the Cabarrus Planning and Zoning Commissioner in September and failed to garner the super majority vote in […]

N.C. looks at taxing drivers by the mile | CharlotteObserver.com

Idea for road-use tax is expected to hinge on odometer readings, then GPS tracking, to replace revenue lost to fuel efficiency. With gas-tax revenues plummeting, the state of North Carolina is looking seriously at taxing motorists for how far they drive.

Buyers Want Steep Discount on Foreclosed Properties

A new study conducted for Trulia.com and RealtyTrac by Harris Interactive shows that three-quarters of respondents expected a discount of at least 25 percent on a foreclosure purchase. In the previous survey conducted seven months ago, 54 percent of all U.S. adults surveyed said they would consider buying a foreclosed home, whereas now 47 percent […]

Pennsylvania, Carolinas have year’s healthiest regions

Good news for at least 30 of the 163 metropolitan statistical areas (MSAs) covered in the Zillow Real Estate Market Reports as the areas showed gains in median value of all homes in the area. The best performing metropolitan area was Jacksonville, N.C., where home values rose 4.9% year-over-year to $139,261 in the first three […]

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