More Charlotte homes sold last month than any other month in the past decade. With the first-time home buyer tax advantage credit expiring on November 30, national home sales sharply increased during the month of July. First time home buyers are currently purchasing one of every three homes for sale. As a result, home sales jumped a significant 7.2 percent.
Many did not expect the US housing market to rebound so quickly. Sales hit an adjusted annual rate of 5.24 million in July. In June, the pace of home sales was 4.89 million. For the past four months, home sales gradually increased. July is the strongest home sales month since August, 2007. The incentive for first time home buyers offers a credit of up to 10 percent of the purchase price of the Charlotte home, up to $8,000. The credit phases out for couples earning over $150,000 and singles earning more than $75,000.
According to Federal Reserve Chairman, Ben Bernanke, “the prospects for a return to growth in the near term appear good.” As more people shop around for Charlotte homes, you might be losing the home of your dreams. During a sluggish market, you can take your time looking for the right house. As the housing market picks up, time is of the essence when it comes to find the perfect Charlotte home for your needs. Interest rates on mortgage loans are still low so it’s a the perfect time to peruse for your Charlotte home.
If your budget is around $500,000, consider a delightful 5 bedroom, 2.5 bath Dilworth home with hardwood floors on the first floor, 10 foot ceilings, gourmet kitchen with granite, Kitchen Aid appliances, great room with gas fireplace, owners retreat with spa like bath, loft area and walk-out balcony. For those with a budget closer to $300,000, check out a wonderful 3 bedroom, 2 bath Wilmore home with hardwood floors, tiled baths, new kitchen with granite, stainless appliances and gourmet island, great room, renovated master bath with dual sinks, covered rear terrace and fenced backyard.
To find out more about beautifully convenient Charlotte homes, contact Katie Gray at 704-560-9699 or email katie@katiegrayhomes.com.
