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With the current economic climate, everyone is looking for some savings and assistance wherever possible.  If you haven't looked into refinancing, you may want to make a call to see if you may be eligible to save some money on your housing payment.  Despite the news of tightening credit standards, home refinances are at record highs as interest rates are at 40yr lows. 

With low interest rates, competitive property prices, and enticing tax credits, first time home buyers have a lot of incentive to look for a home in 2009.  If you know a friend or family member looking to become a first time home buyer, you may want to pass the attached 1st Time Homebuyer Tax Credit pdf on to them along with my name. I would greatly appreciate any referral you can send my way.

Last Updated on Monday, 04 May 2009 13:24  

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Newsflash

CHARLOTTE, N.C. - CRRA reports on the residential real estate market in this region. The number of closings for September 2008 was 2,239, which is a 27 percent decrease from September 2007.  The average sales price for September 2008 was $214,927, which is 9 percent decrease from September 2007.  The average listing price for solds in September was $232,717, a decrease of 5 percent over September 2007’s average list price of $245,782.

Residential contracts reported in September (2,107) decreased by 33 percent over last year when contracts totaled 3,142. New residential listings for September totaled 4,909.  The average days-on-market for September 2008 was 137.7 days, which is an increase (1.6 days) over the previous month.