Charlotte REO Specialist – Nancy Braun

Charlotte is a great market to buy a home right now. If you are looking for an entry point in the housing market, now may be a good time for a Charlotte Real Estate Investment.

Here’s why:

1) Last week RealtyTrack released a very encouraging report that indicates housing is beginning to stabilize. Foreclosure filings are down 9% versus the previous month (and down 2% versus April 2009). This report was further confirmed by data released from Barclays that indicates that we have hit the housing bottom.

2) Charlotte is an ideal buy and hold market in the current economic climate. According to FinestExpert.com, a Charlotte Real Estate Investment is a good idea since Charlotte is Top 10 Real Estate growth market. This presents an opportune time to find a property for less than it would cost to rent if the cash flow is right. For the investor, a strong buy-and-hold market could be an ideal starter property

3) Mortgage Rates have fallen to the lowest level of the year, 4.93% for a 30 year fixed mortgage, down from 5%. This may be a short term drop in rates, but we could see the Dow give back more gains which would depress interest rates further.

4) John Paulson and Jim Cramer are both long the housing market.

In 2006, John Paulson made $1 Billion dollar bet that the housing market would go South. He was right, and made several billion dollars. Now Paulson is ready to bet that housing prices are going to increase. Paulson anticipates properties will increase 3-5% in 2010, and 9-12% in 2011.

To further reinforce the possibility of a future housing bull market, Jim Cramer says that now is the time to invest in home builders. Cramer sees a bottom in the housing market, plus or minus 5%.

If you are considering a real estate investment, Charlotte is an ideal market. Bank-owned REOs make for a fast transaction and provide you with a clear title. Also, bank owned properties typically sell for less than a non-foreclosed home.