Is Charlotte, NC still in the Housing Market Gutter?

                                                                                                                      January 27th 2010   Business Insider recently posted 21 cities and how they are doing in this market. Take a look at the Charlotte market. Charlotte, North Carolina   Monthly Change (October to November): 0.27% Current Rate of Collapse (Y/Y): -5.51% Peak To Trough: -11.13% To view the good and bad of the other 20 cities, click on the link below While this is good news to the Charlotte real estate market; remember real estate is not a national market but a local market. So let’s spread the good news about Charlotte!! –The Lee Ann Miller Team         704-896-5141 Office    Allen Tate Company

Charlotte, NC home prices on the rise?

Charlotte sign 2 recently posted the top five cities where home prices will likely rise and Charlotte was one of them. This is good news but don’t expect it to happen overnight. They will likely inch, rather than fly, and not all areas will be the same.  Charlotte, NC is one of the areas where economist believe is showing an early sign of strengthening and the home prices are predicted to rise. Moody’s provided Forbes with their housing price forecast for the country’s 40 largest metropolitan statistical areas. These are the top five (1) Atlanta, GA (2) Austin, TX (3) Baltimore, MD (4) Boston, MA & (5) Charlotte, NC.  Charlotte’s percentage change over the next five years is predicted to look like this 1 year, 2009: -8.15%, 3 year, 2009-2012: 3.54% and 5 year, 2009-2014: 12.20%. Let’s hope they are close. That’s great news for all of us.


                                                            704-896-5141 Office                                                (September 18th 2009)

6 Tips To Help Your Home Attract Buyers

The goal is to get buyers to walk-in & feel like they are at home. This helps them visualize themselves living in your home and makes them want to buy your home because they are emotionally attached! 1) Neturalize! Yes, it sounds boring but by neutralizing your home you are helping buyers envision themselves & their belongings in, what could be, their new home. Plus, your home becomes more “move in ready” compared to your compettion. Keep in mind that some colors make rooms appear smaller than they really are. Not good when you are wanting to attract buyers! 2) Make It Shine! A clean home is a happy home. Dust regularly, empty all trash cans, wipe off countertops, wash windows, vacuum, clean carpets, wipe off blinds & wash baseboards. The more shine equals the more time a buyer may stay in your home. 3) Conceal Clutter Clear surfaces help buyers visually place their personal items in your home. A few stylish items are fine but should not devert any attention away from that surface. Notice show homes, the countertops are free from clutter to help you remember the granite or the custom cabinets. Aslo, turn rooms back to what they attended to be. For instance, if the living room has been taken over by toys-turn it back into the living room & find a new home for toys. 4) What’s That Smell? Smells can make or break your home. Try to conceal or completely remove pet beds, feeding bowls & litter boxes, if possible. Stick to the more pleasant smells of fresh baked cookies or flowers. Also, try to avoid cooking fish or cabbage. You don’t want buyers to be turned off the minute they step through the front door. And if you have to smoke, please do it outside–oh & hide the ashtrays! The purpose is to sell your home. You don’t want potential buyers to remember your home because of an unpleasant smell!  5) Less Is More! Clear out those closets. Again, look at a show home or closet brochure, hanging only a few items makes the closet look larger!  6) Crub Appeal Freshen up your landscaping. Keep your yard & hedges neatly trimmed. Keep sidewalks swept & tidy.  For a  warm welcome, add flowering plants to the front porch or a cozy chair. A great first impression is the key! Some buyers may cancel showings if the grass is tall or hedges are sloppy.


704-896-5141 Office

Allen Tate Company

Charlotte, NC-Northeast/University City

The northeast portion of Mecklenburg County is better known as University City, aptly named for a fast-paced, high-growth area centered around a university. The University area gets its name from the University of North Carolina at Charlotte, the fourth largest of the state’s public universities with a student population of more than 20,000. University City has seen phenomenal growth in the last 15 years. At every turn, the area offers new neighborhoods, new shopping centers and new office buildings. University City is home to more than 135,000 people more than one-sixth of the county’s population and is projected to grow past 165,000 by 2009.


Even if you don’t attend classes or work at UNCC, the college makes a great neighbor. During basketball season, check out the 49ers in the Halton Arena, where they boast an impressive winning record. In 2005, the men’s team reached a No. 18 ranking and went on to play in the NCAA tournament. If you’re a sports fan, you can’t miss Lowe’s Motor Speedway, up the road in Cabarrus County. Known to NASCAR enthusiasts as the Mecca of Motorsports, it’s the largest sports facility in the Southeast. Close by, Verizon Wireless Amphitheatre brings performers and bands for music enthusiasts of all types.


Not far away, there’s plenty of work going on in University Research Park, off W.T. Harris Boulevard. The park is home to many large customer service and support operations, including the giant Wachovia Customer Information Center. Another major employer that has major offices in University Research Park is TIAA-CREF, a national provider of retirement fund services. Other major employers in the area include IBM, Verbatim, EDS, AT&T, OnStar and Digital Optics.


With so many companies locating in the area, homes have readily followed. Numerous developments dot what was once country farmland. Highland Creek, on Ridge Road, is one of the area’s top-selling communities, offering homes in almost all price ranges clustered around a much-heralded golf course. More new neighborhoods are appearing around the exits along I-85 headed toward Concord and Cabarrus County.


The area has seen an explosion in retail development, and that’s expected to continue. Concord Mills mall, off I-85, opened in 1999 and is the state’s second-largest shopping center. Another popular shopping draw is University Place. It’s a great spot to catch a movie, dine at one of several restaurants that encircle a manmade lake or do some power shopping at one of the big-box retailers. On warm summer evenings, it’s often possible to catch the sounds of an outdoor band while enjoying the ducks on the lake. Near the I-77/I-485 interchange, Northlake Mall opened in 2005 as north Mecklenburg’s first major mall. In addition to 150 specialty stores, the mall is anchored by Dillard’s, Belk, Hecht’s, Dick’s Sporting Goods and a 14-screen cinema megaplex. The 1.1-million-square-foot facility brought thousands of new jobs to the area.

Health Care

Carolinas Medical Center-University, on W.T. Harris just south of Tryon, provides medical care to northeast Mecklenburg and Cabarrus residents. The 130-bed hospital includes a maternity center, sleep center, outpatient services, general medical-surgical services and a new 33-room women’s center. In a collaborative effort, Carolinas Medical Center-University and the YMCA of Greater Charlotte have opened a CMC Health Center located inside the University City YMCA to provide preventive health education and wellness programs to the community.


There’s plenty of opportunity for indoor and outdoor recreation in University City. The University City YMCA at Harris and Mallard Creek Road is always bustling with activity. The Mallard Creek Greenway, is a paved walking trail along the creek. Charlotte Sports Center, located just off Harris Boulevard on Hankins Road, is one of the largest indoor athletic facilities in the country. This 75,000-square-foot athletic center offers indoor basketball, volleyball, inline hockey, soccer, flag football and lacrosse on a pay-to-play basis. The sports center also offers paid memberships for Peak Fitness, its full-service, 15,000-square-foot workout center.                                                                                                                       704-896-5141 Office                                                                                                      Allen Tate Company