Charlotte Real Estate Recovery | Charlotte NC Homes for Sale By The Maxwell House Group, Realtor

Rich People are Splurging on Million-Dollar Homes Again. Here’s Why.

Yes, the wealthy are splurging once again on million-dollar homes in Charlotte NC. Here’s why according to the Washington Post. First, let's talk Charlotte! Our Charlotte luxury market has rebounded quite nicely and continues to move at a rate in which we are more accustomed. All things considered, 2007 was our 'top-of-the-market' year. As our data is somewhat limited from '07, here is what we will use to compare Charlotte sales in all $1,000,000+ sales in the area. Historical Data - Charlotte Million Dollar Home Sales - 2007 As you can see, 237 homes sold for $1M+ in an average of 60 … Continue reading...

Charlotte Area’s Jobless Rate Lowest Since May 2008

jobless rate in Charlotte Metro region down

Charlotte Area’s Jobless Rate Lowest Since May 2008 Charlotte continues the recovery process with the lowest jobless rate since the recession began. The Charlotte Metro area posted unemployment rates at 6.2%, down from its lowest since September 2013 or 7.4%. Areas showing the strongest growth include: Professional and business services - 8,700 jobs added for a 6% gain Trade, transportation and utilities - 6,500 jobs added for a 4.6% gain Construction - 2,500 jobs added for a 6% gain The Charlotte area’s jobless rate dipped to 6.2 percent in September, its lowest level since the … Continue reading...

Charlotte Chamber – Charlotte-Mecklenburg New and Expanded Business

Charlotte Chamber - Charlotte-Mecklenburg New and Expanded Business Charlotte continues to reflect a healthy economic recovery with low unemployment and a robust real estate market. We are often seeing multiple Offer situations, especially in our inner-city neighborhoods, extending out into the Ballantyne area. The Lake Norman area is a bit slower recovering, yet data reflects positive movement in that market as well. American Airlines merge with US Air, making Charlotte Douglas International Airport the second largest hub for the largest airline in the world. MetLife & XPO Logistics … Continue reading...

Development: Charlotte’s November Home Sales ‘Robust’

Charlotte NC Real Estate News | How's the Charlotte Real Estate Market Q4? Charlotte home sellers are feeling some relief knowing that homes are selling for more, quicker than they were...and even in December, typically one of our slowest months. As shown below, total sales are up 18.8% year-over-year for the entire metro area (Charlotte's sales are up 35%). The problem that we're facing now, is that there are serious buyers in search of the perfect home and the supply is quite low in the 12-county metro region. Closed sales in the Charlotte Metro region below, demonstrate that the mid- to … Continue reading...

As Housing Market Strengthens, Prices Rise at Lower End

Charlotte Housing Sales Prices Increasing for May, 2011

Charlotte NC Real Estate Recovery | The Process Continues The housing market continues to gather strength, according to new data released Tuesday, and in a particularly encouraging sign, the price gains appear to be spreading to the lower end of the market in many cities. The Standard & Poor’s Case-Shiller index for July showed an annual gain of 1.2 percent in the price of single-family homes across 20 cities. Prices rose 1.6 percent from June, the third month in a row that all 20 cities posted month-over-month gains. However, in four cities, including New York, prices are still down … Continue reading...

Companies More Upbeat on U.S. Economy, NABE Survey Shows

Charlotte NC Real Estate Recovery | Positive Economic News from US Business Owners "Companies are growing more upbeat about the U.S. economy this year and plan to take on more workers as demand improves, a survey showed." See on Scoop.it - Charlotte North Carolina "Some 78 percent of businesses, the most in a year, project the world’s largest economy will expand more than 2 percent in 2012, according to the National Association for Business Economics’ April survey released today in Washington. The share is up from 65 percent in the group’s January report. About four in 10 firms, the most … Continue reading...

Charlotte Real Estate Recovery – July 2011 Housing Numbers Promising

Charlotte real estate recovery with promising numbers in July real estate

Charlotte Real Estate Recovery - July 2011 Housing Numbers Promising Charlotte Metro region's home sales posted 10% gains in July from same period last year. 2,170 single family homes, condos and townhomes sold in the Charlotte region in July while pending sales (in Escrow) are up nearly 17% from July 2010. These positive numbers are reflective of a market that had no artificial inflation due to the tax credits of last year. We're seeing upward movement in Closings and pending sales, partly because of the typical springtime boost and partly because foreclosures and short sales are … Continue reading...

Local Grocer, Harris Teeter, Shows Strong 3rd Quarter Increases

Charlotte grocery store produce shopping

Local Grocer, Harris Teeter, Shows Strong 3rd Quarter Increases The Harris Teeter grocery chain and thread company American & Efird, reported yesterday that despite the bad news in the stock market, Ruddick’s subsidiaries is showing significant increases in revenue. Ruddick’s subsidiaries increased its third-quarter revenue, rising to $1.19 billion. The $32 million profit for the quarter is up 11 percent from 2010. The 204-store Harris Teeter chain revenue increased 8% as compared to the same quarter last year, to $1.1 billion. Sales at stores open a year or more rose 4.4 … Continue reading...