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Charlotte Real Estate Updates- January Home Sales Burst For McDonald Team and More

February 3rd, 2009 Listed Under: Living Here, Real Estate

Charlotte Sales, Market Wide, remain low, and prices took a hit in January

look for that post later today.

Demand is Up for McDonald Team

In November and December, things were so quiet we joked about whether the local car washes need any help.  It is increasingly harder to “feel” the market as our Team demand was up in January, 2009. We had 4 new contracts accepted, 2 with buyers, 2 of our bank listings went under contract. We had more than 50 new e-mail inquiries, and 6-8 phone inquiries as well, 8-10 buyer visits, and we created at least 8 new buyer relationships.

Fix Housing First Ain’t Happening

Fix Housing First has been the slogan of the National Home Builders in their attempt to get a massive housing stimulus in the package the President will soon sign, it has essentially failed. A smaller effort led by the NAR was more successful in getting the current $7500 tax credit/loan into a pure credit-

which will help stimulate first time buyer demand.   This is still fluid as the House and Senate meet in Conference over the next few weeks to hammer out this bill.  I’d hope to see a broader credit, and an extended credit through the end of the year. My wish list would include lower mortgage rates, but the administration has signalled they will do a housing bill later in the spring.

We must create more demand for housing. Not to the extent the Home Builders want, but we need more demand in the 2/3’s of the markets outside of the “gold rush” states of Florida, California, Nevada and Arizona.

In my next post I’ll look at what any attempt to repair our housing markets needs to look like more closely.

Once again, I must ask all Home Sellers, if you don’t have to sell, please take your home off the market to leave room for those who do have to sell.  I know it is  a lot to ask. The faster inventories are lowered, the faster we’ll get things back to normal around here.


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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified

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Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519