Friday Fort Mill Real Estate Headline Recap March 12 2010
I thought it might be interesting to recap some of this weeks headlines from national and local news sources to see what the news media mood is related to real estate and the economy. Here is a recap of this week’s real estate headlines:
- Mortgage rates stay below 5%
- Charlotte-area home sales pick up in February (up 3.6%)
- Clear Springs back to development Mixed-use project one of rare starts across the region at Springfield Town Center in Fort Mill
(Charlotte Business Journal)
- Foreclosures level off in February
- It’s OK to be optimistic
(Inman News)
- Fort Mill to lose 27 teaching jobs,middle school sports to budget cuts
- York County Says: Fort Mill tower owners have 60 days – Claiming that MorningStar Ministries breached an agreement with York County to rehabilitate the former Heritage USA tower
(Fort Mill Times)
- FHA Head: Don’t Raise Down Payments
- FHA Commissioner David Stevens said if the mandatory down payment for an FHA loan is raised from 3.5 percent to 5 percent, the organization will probably insure 300,000 fewer homes every year.
- Future Foreclosures Could Hamper Housing
- A second wave of foreclosures could hit the market this year, which could negatively affect an otherwise stabilizing housing market.
- Mortgage Rates Remain Steady
- For the second week in a row, average rates for 30-year mortgages stayed below 5 percent.
- Home Equity Loans Available Again
(Realtor.com)
The mood seems to be positive, negative, and contradicting but I would say leaning more positive. Your thoughts?
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March 12th, 2010 at 7:48 pm
hi carmen, we were talking in the GHES SIC meeting. we have scheduled Ralph Norman to come in and speak to us about some of the upcoming bills reaching Columbia. it came up that those in your industry reley heavily on the reputation of the fort mill schools. with that possbily taking a downslide, why is it that real estate people are not getting more involved in keeping the schools sound? someone mentioned that there have been past battles between real estate and the district. i am not familiar with any of that but it does seem to make sense that these offices should be lobbying along side us as we all want the same thing.
June 18th, 2010 at 4:26 am
I don’t think that in next 3 years the real estate market will come out of the crisis, so there is a high probability that prices will fall a little bit again.
June 24th, 2010 at 5:18 am
According to latest predictions American real estate market is slowly entering a bullish trend, so it’s time for investing.
June 26th, 2010 at 6:53 am
In these tough times you just can’t predict what is going to happen in the economy or in the real estate market. Any scenario is possible, and we should hope that the economy would get back on track and do everything we can to support it. Right now, the situation isn’t good for anyone…
June 30th, 2010 at 4:32 am
I am glad that finally the crisis is over and the real estate prices are going up, hope they will rise to their max levels quick.
July 2nd, 2010 at 6:53 am
It is so sad to hear that Fort Mill to lose 27 teaching jobs,middle school sports to budget cuts, my kids love sport.
July 6th, 2010 at 3:30 am
I think that the greatest news is that for the second week in a row, average rates for 30-year mortgages stayed below 5 percent.
July 8th, 2010 at 6:29 am
In February the foreclosure level was off, I wonder how did situation change till today, are people buying again?
July 13th, 2010 at 2:37 am
I hope that in future our some joyful news will be published on our local headlines, cause to be frank I am tired of this pessimism.
July 19th, 2010 at 5:23 am
I am glad that since 2008 the news became more optimistic, analyzing all recent headlines I found that the crisis is over.
July 26th, 2010 at 7:09 am
So from September we will have less sport classes for our children as the teaching personal was reduced with 27 employees.