I want to go on record today as being among the first to predict that credit scoring, as we know it, will be obselete by the second quarter of 2009. So much of our economy today is dependent on credit and as the credit markets had frozen up at the same time the economy had dried up, it will drag
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12/11/2008
Our multiple listing service has a feature called reverse prospecting. It allows listing agents to see what buyer's agent have clients with a search which would display their listing in the results. For the longest time, I turned this function off because I assumed it would lead to harassment b
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12/11/2008
One of the first posts I wrote when I started this blog was about the market conditions in the Charlotte area. This blog was born as a result of the frustration I was experiencing every time I picked up the Charlotte Observer and read a real estate article. Their unadmitted bias led them to wri
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12/11/2008
Real Estate Market Update for Single Family Homes in Mecklenburg County North Carolina Area 5 including: Charlotte Neighborhoods West of Providence Road and East of Park Road including, Cherry, Dilworth, Myers Park, Barclay Downs, Foxcroft, Beverly Woods, Cameron Wood, South Park, Quail Hollow, O
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12/11/2008
Being in the Charlotte area, I've always known the benefits of being able to offer my clients listings from both the CMLS (Charlotte NC) and the PRAR (York, Lancaster, and Chester) MLS systems. However, until recently, I did not have an public solution to allow buyers to search for homes in Sout
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12/10/2008
This afternoon, I just happen to be in the office when my RSS reader updated with story just posted to CNBC.com. The story detailed how many mortgage borrowers were continuing to default on loans that had already been modified. More than 50% of modified loans are back in default, a statistic tha
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12/08/2008
For weeks, I've been torn over what I think regarding the $38 billion dollar rescue package that the heads of GM, Ford, and Chrysler have requested. On the one hand, should we bailout companies that will inevitably come back to us in just a few short months and ask for more money? Also, would f
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12/07/2008
A few years back, I had the privilege of working for a couple I truly regard as friends. I first met Adam and Jen Paper when I was in college and in search of a kickin’ stereo for my car. I met someone I really connected with because our personalities are similar. I stayed in contact with them a
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12/06/2008
On Thursday, December 4, I was invited to participate in a panel discussion as apart of the Shift into Action Road Show, hosted by the Keller Williams Carolina's Region. This was an agent-to-agent conference on what top real estate agents are doing to survive and thrive in a market that has chan
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12/04/2008
The most under reported story as of late has to be the dramatic fall in mortgage interest rates in the last week. Just prior to thanksgiving, we started to see rates fall and settle back near record lows. 30-YR Fixed mortgages were selling at around 5.75% while the 15 Yr products were closer to
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12/04/2008
