Charlotte Real Estate, Foreclosures, Short Sales

According to the National Association of Home Builders, housing starts decreased 11 percent in July 2008 to a seasonally adjusted annual rate of 965,000, the lowest level for this series since March 1991.  Construction of  single-family homes fell 2.9 percent to 641,000 rate, the lowest since January 1991 while work on multifamily units contracted by 24 percent from the prior month to an annual rate of 324,000.  Authorizations for building permits fell 18 percent between June and July to 937,000. 

This is an excellent time to buy a new construction home.  Add the recent $7500.00 tax credit from the Government, and you have a win-win situation.  We are currently have 4 fantastic auctions scheduled for September.  These new construction homes have been reduced hundreds of thousands below appraisal.  The property websites are:

http://www.1401Avery.com

http://www.8020WilsonRidgeAuction.com

http://www.9226ArlingtonAuction.com

http://www.8612Annaleis.com

THESE HOMES ARE UNBELIEVABLE!  THESE ARE NOT FORECLOSURES!!

Some other builder promotions to note are:

Lennar Homes
Zero down and zero closing cost for Lennar Homes.  This Saturday and Sunday get a new home with great financing through Universal American Mortgage Company.  With certain restrictions, Buyers can own a new home at $199,990 for $992.00 per month for the first year.

Oakmont Builders
Only $100 Down.  Oakmont Builders has homes available from the low 100's to the low 200's. Downpayment assistance is available plus Oakmont Builders will pay closing costs.  Visit floor plans online at http://www.oakmonthomebuilders.com

If you would like information on the many new home builder alerts that we receive daily, please register as an online guest and receive weekly information as it becomes available.

Our upcoming auctions include:  Avery Court  Weddington, NC

This gorgeous home has 5 bedrooms and 8 bathrooms in total.  It sits on over an acre.  Each home is privately gated within this quaint community of only 6 lots. 

More details to follow