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Archive for November, 2007

Piedmont Row Town Center

Piedmont RowPiedmont Row Town Center located in the heart of South Park is 4 mixed use high rise buildings that consists of 179 condominiums, office space, and a quaint community that consists of restaurants (Brio, Del Frisco’s, and Oceanaire) a dry cleaner, the Harris Express YMCA and a Starbucks coffee shop.  The rooftops on the condominium buildings offer a pool with spectacular views of uptown Charlotte located only 5 miles north.  This is a truly incredible development with all of the ammenities even the most discriminating of buyers could ask for.  For more information, please call me directly.

Charlie Berry, Broker/Realtor

704.293.6917

Myers Park Real Estate

Beautiful Myers Park Real Estate in Charlotte NCMyers Park is one of Charlotte’s oldest and prestigious suburbs.  The area is convenient to uptown Charlotte and offers one the best schools districts in the entire nation, number 31 in 2007 to be exact, see this Newsweek article for further information.  Myers Park also has one of the most desirable and prestigious Country Clubs in the Charlotte area, Myers Park Country Club.  The winding roads lined with mature trees and impeccable architecture offers an environment unlike any other you will find in Charlotte.  Please feel free to explore more on Myers Park or just call me and we can talk about the wonderful advatages this community has to offer you.  Check out my Myers Park Real Estate Listing for 2934 Selwyn Ave if you are interested in this.

Mortgage News for Nov 12-16

Mortgage NewsThe first two important pieces of data this week will come Wednesday morning with the release of October’s Producer Price Index (PPI) and Retail Sales figures. The PPI measures inflationary pressures at the producer level of the economy. There are two portions of the index that are used; the overall reading and the core data reading. The core data is the more important of the two because it excludes the more volatile food and energy prices.

If it reveals stronger than expected readings, indicating that inflationary pressures are rising, the bond market will probably react negatively and should drive mortgage rates higher. If we see in-line or weaker than expected numbers, the bond market should thrive and mortgage rates should fall. Current forecasts are calling for increases of 0.2% in both the overall index and core data readings.

October’s Retail Sales report is also due out Wednesday morning. This report is very important to the financial markets because it measures consumer spending. Since consumer spending makes up two-thirds of the U.S. economy, any related data is watched closely. If this report reveals weaker than expected sales, the bond market should thrive and mortgage rates will fall, assuming the PPI doesn’t show any significant surprises. Current forecasts are calling for an increase in sales of approximately 0.2%.

October’s Consumer Price Index (CPI) will be released Thursday morning. This index is similar to Wednesday’s PPI, except it measures inflationary pressures at the more important consumer level of the economy. The overall portion is expected to show a rise of 0.3% while the core data is expected to rise 0.2%.

Overall, look for Wednesday to be the most important day of the week with the PPI and Retail Sales reports being released. Thursday’s CPI may also cause significant movement in the markets and mortgage pricing. I think bonds can improve on the week as long as the PPI and CPI reports do not show much stronger than the expected readings.

Property Search Charlotte NC (Best Method)

Charlotte Regional MLS search areaMany people search for properties using the pictorial magazines or websites that use an IDX feed in Charlotte NC.  These methods are not nearly as effective as my custom property finder system.  The pictorial ads only represent a small portion of the actual available inventory in our market and the information is dated the instant the magazines hit the stands.  As for the other sites, eg realtor.com, homes.com, etc…  These sites are fed by the data exchange system for the MLS database.  This information is also on a lag compared to the actual inventory in the Charlotte real estate arena. 

What I do is simple, based on the needs that you specify, I develop and write a program that will pull all of the current homes that meet your criteria, I then email you a link to your personalized website that contains all of the prospect homes.  The beauty of the system is that as future homes come available that meet your predetermined criteria, i will shoot you a link with a note telling you to look at the new home that was added to the MLS that day.  This is by far the most effective way to search for Charlotte NC Real Estate, you will have better and more accurate information than other consumer and a higher likelihood of acquiring your dream home before someone else sees it and steals it from you.  I am happy to set you up on my system, simply give me a call or you can fill out this form and I will build your site right away.  Click here to find data realting to Charlotte NC.

Best Regards,

Charlie Berry

704.293.6917