AGENT MLS HOME FINDER

North Carolina real estate is somewhat unremarkable in terms of vital statistics and market signals, consistently ranking in the midst of the nation as far as foreclosures and home sales go.  North Carolina has launched a number of initiatives directed towards making the real estate crisis more survivable for citizens of the state. One of the most important of these initiatives was reported on by the Charlotte Observer, which ran an article entitled “More free help to stop foreclosures.” The piece by Stella Hopkins, released on September 23, 2009, stated that “More N.C. homeowners threatened with losing their homes to foreclosure can now get help under a state program expanded Tuesday. The State Home Foreclosure Prevention Project, already credited with saving nearly 2,000 people from foreclosure, is now available at no cost to every state homeowner struggling to make mortgage payments.”

According to a September 10, 2009 article in the Business Journal of the Greater Triad Area, the foreclosure rate in North Carolina is slightly below the median for the United States. This means that North Carolina homes for sale are being less driven by foreclosures and short sales. The piece, which was based on real estate tracking numbers, stated that “North Carolina’s residential foreclosures in August fell  6 percent from the same month last year, according to data released Thursday by real estate company RealtyTrac Inc. A total of 4,317 North Carolina homes were in the foreclosure process in August – which equates to one of every 956 households. The state ranks 29th in the nation for filings, according to RealtyTrac. Despite the improvement from a year ago, foreclosures in the state rose 26 percent from July.”

Real estate in North Carolina was inconsistent between the different sections of the Palmetto State, according to a September 23, 2009 article in the Asheville Citizen-Times. According to the article, written by Mark Barrett, noted that “The rate of decline might not be as large as it was a few months ago, but existing home sales in Buncombe County continue to slide. The number of homes sold in the county in August was 8.9 percent lower than in August 2008, according to figures from N.C. Mountains Multiple Listing Service.”