Lake Norman to Uptown Charlotte Living: January 2011

Property Management Lake Norman Region to Uptown Charlotte, NC.

Times are tough for homeowners. Sky-high gas prices. Weak job growth. Record foreclosures. The evidence is everywhere, and it's making home ownership more difficult than it has been in years. Even with a faltering real estate market, however, rentals are flourishing, according to Condo.com, a National based Web site that is counting more and more rental properties among its condominium listings.

"The credit crisis has made it virtually impossible in some markets to get financed for a mortgage," he says. "Because of that issue in the for-sale market, you're seeing a lot of demand in the rental market." Tenants are looking for more than a roof over their heads.

Lake and Town Realty prides ourselves on giving great customer service, which says has been the key to retaining tenants and growing our business. "We focus on taking care of current tenant and owner needs, and that brings us the business."

Go to our website at : http://www.lakeandtown.com/propertymanagement.html for all the information you need in deciding on whether renting is going to be an option for you. !


Mike Carpino
Mike@LakeAndTown.com
704-301-9264

Charlotte Home Prices reach their lowest in Years.

If you are looking to move to the Charlotte/Lake Norman area now is the time to start your search. In a recent article that I attached below Charlotte is one of several cities that have hit their lowest levels in years.

Living in the Lake Norman area for many years I have seen some of the best prices for waterfront living. Uptown Charlotte condos are also seeing dramatic price drops. Condos once priced in the $500's are now priced below $300k.

lThe S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. The indices are calculated monthly and published with a two month lag.

U.S. Home Prices Keep Weakening as Eight Cities Reach New Lows
According to the S&P/Case-Shiller Home Price Indices

New York, January 25, 2011 - Data through November 2010, released today by Standard & Poor's for
its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show a deceleration
in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City Composites compared to what
was reported for October 2010. The 10-City Composite was down 0.4% and the 20-City Composite fell
1.6% from their November 2009 levels. Home prices fell in 19 of 20 MSAs and both Composites in
November from their October levels. In November, only four MSAs - Los Angeles, San Diego, San
Francisco and Washington DC - showed year-over-year gains. The Composite indices remain above
their spring 2009 lows; however, eight markets - Atlanta, Charlotte, Detroit, Las Vegas, Miami, Portland
(OR), Seattle and Tampa - hit their lowest levels since home prices peaked in 2006 and 2007, meaning
that average home prices in those markets have fallen even further than the lows set in the spring of 2009.

New Construction Homes under 200's in Monteith Park, Huntersville, NC

Monteith Park is a master-planned community in Huntersville, NC just 16 miles north of uptown Charlotte. Monteith Park blends charm and character with architectural design to create a community known for its graceful front porches and wide-open spaces.

At the heart of this pedestrian-friendly community is a 30-acre network of parks, walking trails, bike paths and picnic areas. Monteith Parkresidents also enjoy a clubhouse, a junior Olympic size pool, waterslide, a children's wading pool and a playground. The Town of Huntersville is convenient to the recreation haven of Lake Norman, the Carolinas' largest man-made lake with over 520 miles of models and 13 floor plans

1- and 2-story homes

• In the heart of Huntsville, convenient to I-77 and Birkdale Village
• Close to schools
• Great on-site amenities
• HardiPlank siding with 15-year warranty, large front porches and more
• Available downstairs master bedroom (per plan) and other Built to Order choices

Huntersville NC Custom Built Home for Sale on 1 Acre - Huntersville NC Real Estate. This is a rare find in the town of Huntersville NC. This beautiful custom built home is located at 7219 Gilead Road, Huntersville, NC 28078. It is a 3 bedroom plus a Bonus Room with over 2600+ square feet. There is extensive crown molding, hardwoods throughout the downstairs, upgraded kitchen appliances, custom paint, security system, and screened in porch.

The entire yard is fenced-in with maintenance free composite fencing and an electric entrance gate for additional security. The yard is also equipped with irrigation and landscape lighting to add a beautiful nighttime appearance. This house is located just minutes from the popular Birkdale Village and I-77. It is also within one of Charlotte Mecklenburg's finest school districts.

If someone is looking for privacy and no HOA restrictions look no further. Priced at $329,000 this home is a great buy in Huntersville, NC. Reduced by $30,000.

To view more pictures go to: http://picasaweb.google.com/mike28078/KarinsHouse?fgl=true&pli=1#

Mike@LakeAndTown.com

Cell 704-301-9264