Charlotte Updates: Real Estate, Race Weekend and More
May 20th, 2009 Categories: About Charlotte
$8000 Tax Credits to Be Used In Down Payments?
Yes, says HUD Secretary Donovan, at a Realtor meeting in Washington last week.  FHA borrowers will “soon be able to use the tax credit through a bridge loan” for their down payment. Regulations are “following soon.” At this point it DOES NOT exist, but should shortly. This would effectively return the FHA to “no money down” lending. As awful as this could be, I think it is the right move, with the tougher credit standards in force today. Stay tuned.
Smoking Banned in all Restaurants and Bars In North Carolina
After repeated legislative attempts over the last 5 years, Governor Bev Perdue signed into law the banning of all tobacco products in restaurants and bars effective January 1, 2010. This may seem slow in coming, but NC has been a major, if not THE major grower of tobacco for generations, and their interests carry a lot of weight here. Those interests were finally defeated giving way to the rights of all of us to breathe clean air.
It’s Race Weekend in Charlotte… 
Speed Street, our 5 day Downtown Block party, starts Thursday- Remember, Tryon will be shut down, from the Wachovia Plaza to about 6th or 7th street- most of the city. The sides streets are closed too- I wouldn’t drive there if at all possible. Why not park off South Blvd for free, near a Lynx station, and ride in to the city? $1.35 each way. O ryou could pay $5, $10 or $20 per car for parking.
more later…. Gentleman Start your Engines. Wait, that is from Indy, where there’s another race this weekend…
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Skilled Buyer Agents and Smart Buyers Make Great Deals Happen… call a skilled Buyer Agent for your next move, 704-351-1519- Terry McDonald
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