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Market Trends
Commentary Provided bySid Hoffman If you can qualify, now is an exceptional time to buy a home in Indian Trail. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 980-721-1996 |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Charlotte | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | More than 120 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $400,000 - $449,000 | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Indian Trail is | Decreasing | ||
| Seller Activity for the past 90 days in Indian Trail is | Increasing | ||
| Is Financing Available For Qualified Buyers in Indian Trail? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 20-25% | ||
| Housing Hot Spots | Most cities within the Union County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Indian Trail! | ||
| Average Sold Price | $175,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Sid Hoffman
Wilkinson & Associates Real Estate Charlotte, North Carolina 980-721-1996 shoffman@agents.househunt.com Agent Home Page 
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Indian Trail Local News
News for Indian Trail, NC - Monday March 8th, 2010 6:46pm
Mortgage Rates to Stay Low, Goldman Predicts
Investment bank Goldman Sachs recently predicted that mortgage rates won't rise much when the Federal Reserve ends its purchases of mortgage-backed securities at the end of March.
Part of the reason is that demand for mortgages is low, says Goldman analyst Sven Jari Stehn. What would drive up mortgage rates, he says, is a decision by the Fed to sell the mortgage backs it holds, but that isn't likely to happen anytime soon, he believes.
Source: The Wall Street Journal, Emily Friedlander 03/05/2010
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