Wednesday, December 30, 2009

Henderson Properties Announces Staff Certifications, Achievements, New Hires

CHARLOTTE, NC – Henderson Properties, a full-service Charlotte real estate firm, is pleased to announce the following hires and achievements made recently by its staff.

Michael Haverdill has been hired as Maintenance Division Manager. Haverdill, originally from Cleveland, OH, brings his background in operations management, construction and manufacturing to the Henderson maintenance team. He says he is, "excited to join and contribute to the continued success of Henderson Properties and to work with its dedicated, committed and professional team."

Realtor Lynda Violino is now a member of Henderson's residential real estate sales team. She has been a top real estate professional for 20 years in western New York, listed among the top 1% of brokers in New York. A graduate of Alfred University and a native of New Jersey, she brings sound judgment, exceptional negotiation skills, and attention to detail to the real estate buying and selling process in the Charlotte area.

For the second year, Kerry Stecher, Henderson’s Broker-in-Charge, has been selected to serve on the steering committee for the Charlotte Regional Realtor® Association's Realtors Care Day. The 2010 community service event will be held on April 23. At the inaugural event in April 2009, Realtors repaired 33 homes in Mecklenburg and Iredell Counties for homeowners who, due to disability or poverty, were otherwise unable to afford necessary home maintenance. Among Stecher's responsibilities in 2009 was securing 700 donated meals to serve the nearly 700 Realtors who volunteered on Realtors Care Day.

Stecher was also invited by incoming Charlotte Regional Realtor Association President Lyn Kessie to participate on the CRRA's 2010 Steering Committee.

Henderson Properties President Phil Henderson coached the South Park Falcons to an undefeated season and the Pee Wee championship in the 2009 Optimist Bowl. The South Park Falcons play in the Pop Warner Little Panthers League.

Henderson Properties is a full-service real estate company founded in 1990 in Charlotte, N.C. Its services include community association management, rental property management, leasing, maintenance and home sales. Over the years Henderson Properties has continued to grow while maintaining its commitment to the firm's original vision -- to make a difference in the real estate industry by providing quality, professional real estate services to owners and investors throughout the greater Charlotte area. For more information, contact Henderson Properties at 704-535-1122 or www.HendersonProperties.com.

Monday, December 28, 2009

American Homes Real Estate Update

"November 2009 was a positive month for the real estate industry as home sales surged in a majority of markets across the country. Spurred by low prices and the extended and expanded home buyer tax credit, home sales were up in Las Vegas, Nevada; Ohio, the Midwest; and upstate New York, according to reports late last week. While other reports point to sales being down in California, home prices nationally were up—causing for a wave of optimism to be felt throughout the industry.

Here’s a look at some of the markets across the country that received positive news in the housing sector for the month of November 2009:

Las Vegas, NV: Spurred by low prices and the extension of the federal tax credit, existing home sales in Las Vegas increased 50.8% to 3,952 in November 2009, Las Vegas-based SalesTraq recently reported. The surge ended a seven-month streak of sales topping 4,000, but still shows strong demand for home purchases heading into the traditionally slow holiday period.

Columbus, OH: During November 2009, 1,839 homes were sold in the Columbus, Ohio area, nearly 60% more than in the same month last year and the highest November sales in four years, the Columbus Board of Realtors reported.

Charlotte, NC: 753 were homes sold in August 2009 with sales prices that were roughly 96% of asking price. The average sales price was $240,871. The typical home stayed on the market for 84 days with an average price per square foot of $115." ~ Source: RIS Media

If you are interested in homes in Charlotte, North Carolina, contact Henderson Properties today!

Wednesday, December 16, 2009

New Jobs in Charlotte!

Earlier this morning, North Carolina Governor Bev Perdue announced that Charlotte will soon see hundreds of new jobs to the area. This announcement came at 11:00am from the Charlotte Area Chamber of Commerce.

A large chunk of these jobs will be coming from a company called Electrolux, which was originally based in Augusta, GA, but is moving to North Charlotte in order to consolidate several of its American offices.

Charlotte has been hurt from the economic recession, primarily in the banking industry. The financial sector of Charlotte has been draining income from the city, as well as played a significant role in Charlotte's current 12% unemployment rate.

With new jobs coming in, there are likely to be several people relocating to or around Charlotte. Additionally, this will likely effect home sales. If you are interested in relocating to Charlotte and would like some assistance, contact Henderson Properties today!

Monday, December 7, 2009

Higher Costs, Tougher Standards

HUD Secretary Shaun Donovan made it official last week: Applicants for FHA insured mortgages in the coming months are going to be hit with higher costs and tougher credit standards.

In congressional testimony, Donovan said some of the changes are likely to include the following:
- Higher downpayments. The current minimum is 3.5 percent. Donovan didn't say how much higher the agency might push it, but congressional critics want to see at least a five percent minimum.
- Look for FHA's generous "seller concessions" to be cut in half -- from the current six percent to three percent of the loan amount (and maybe even lower.)
- Higher mortgage insurance premiums. FHA currently charges what it calls an "upfront" premium of 1.75 percent of the loan amount. That could go a lot higher, maybe even to three percent, according to Donovan.

Under present FHA rules, home sellers can contribute to their buyers' closing costs up to a maximum of six percent of the initial mortgage amount. Critics say that encourages sellers to inflate the prices they want from buyers, and allows marginal purchasers to buy houses they can't really afford. Click Here to Read the Full Story

For more real estate news, please visit Henderson Properties.

Thursday, December 3, 2009

Charlotte Real Estate Market Quick Facts


With such fluctuation in the market over the past year, many people wonder what the current market conditions are for Charlotte, North Carolina. After careful research, here's a couple quick facts...

- Charlotte is currently a buyers market
- Houses stay on the market on average 90 - 120 days
- The market trend is currently increasing
- The average price of a home in Downtown Charlotte is $375,000
- The greatest real estate activity is from first time buyers, mainly a result of the government real estate tax incentives.

If you are looking for a new home in Charlotte, and are seeking the advice of professional real estate agents, contact Henderson Properties today!.
 
Best Regards,