1001 East Blvd. Suite B

Charlotte NC 28203

Please update your records.

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month’s issue includes topics such as:

“Top 10 Home Buying Mistakes”;
“Does Moving Up Make Sense? “;
“Have an Eco-Friendly Home? Make Sure Buyers Know It”;
“Pre-Qualifying for Your Mortgage”;
“Five Tips for a Successful Home Remodel”;

Plus a roundup of March real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

Sincerely,
Rob Cassam

Take a look at these summary stats for the month of October.

• Residential contracts reported from Nov. 6, 2009 through Dec. 5, 2009 decreased 2.8% over the same period a year ago.
• Residential closings reported from Nov. 6, 2009 through Dec. 5, 2009 increased 31.5% when compared to the same period a year ago.
• Residential closing price reported from Nov. 6, 2009 through Dec. 5, 2009 increased 1.1% when compared to the same period a year ago.
• Average mortgage rates are at 4.78%  according to Freddie Mac, Primary Market Survey, 30 yr. Fixed Mortgage Rate, compilation of Weekly Surveys
• Sales price to list price ratio is at 90%
• Total active listings were 23,316
• Total closings were 2,000
• Average days on the market was 116
• Average list to close days was 142

See the complete report by Clicking Here

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month’s issue includes topics such as:

“Move-Down Buyers Can Be Eligible For Tax Credit Too”;
“Real Estate Resolutions 2010″;
“How to Save to Buy a Home”;
“2010 and Rebuilding or Protecting Your Credit Score”;
“Real Estate Investors Returning to Market”;

Plus a roundup of December real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me. Or, if you would like to see a certain topic covered in future months, let me know that too!

 Please click here to access your copy of the November Issue of “Real Estate CyberTips”

 http://www.REcyber.com/cybertips/associates

 This month’s issue includes the following Tips:

    * SHARE YOUR FILES WITH EASE!

   * NEVER FORGET ANOTHER BIRTHDAY!

   * FIND THE TICKETS YOU WANT!

   * PBS VIDEO AT YOUR FINGERTIPS!

 I hope you enjoy “Real Estate CyberTips”. Please let me know at any time if I may be of help with any of your real estate needs.

 Kindest Regards, Rob Cassam

A Senate vote on the underlying bill will occur in the Senate during the week of November 1. The package will then go back to the House. The House is expected to accept the Senate amendments, vote on the package and send it to the President for signature. The underlying bill is an extension of unemployment benefits.

Other provisions in the bill include expansion of the net operating loss carryback rules, new requirements for some tax return preparers and noncontroversial provisions that “pay for” these changes.

The agreement on the extension and expansion of the credit is as follows:
· Credit will be available for purchases before May 1, 2010. Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction.
· Credit remains at $8,000 for first-time buyers. No change to definition of first-time purchaser.
· New $6,500 tax credit for repeat buyers who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their homes consecutively for five of the previous eight years.
· Income limits are expanded to $125,000 on a single return and $225,000 on a joint return. Current law $20,000 phase-out retained.
· New anti-fraud limitations are imposed.

The White House has indicated that President Obama will sign the legislation.

Source: National Association of Realtors®