We Still have Tax Credits!

Even though the $8,000 First Time Home Buyer expired earlier this year, there is still a great tax credit program for some First Time Home Buyers in North Carolina. While all homeowners can claim an itemized tax deduction for mortgage interest, a Mortgage Credit Certificate (MCC) goes a step further by reducing tax liability, dollar-for-dollar, [...]

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The Survey Says: Home Ownership is still a good Investment

Thinking of buying a new home in Charlotte?  A new survey reports that most home owners still think home ownership is still a good investment and most home owners made a profit on their long-term homes.  Key points: 8,449 home buyers from July 2009 to July 2010 responded to this survey – that seems like a [...]

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Young couples should rent

A opinion piece in Investment News claimed that ‘For young couples, renting may be a better option”.  I hate headlines like that  – they are designed to get your attention, but most people don’t have the time to read the article.  They end up with this piece of random advice floating around their head that [...]

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Charlotte Home Prices (in Years)

How far back have home priecsin charlotte, NC, fallen?  The charts below from John Burns and Case Schiller, give a good insight.  Thanks to Calculated Risk for crunching the numbers and providing the charts. John Burns uses median price information:  (Click on the graph for a larger chart in a new window): Looking at the [...]

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Credit card companies: Just trying to make 30% on a buck

I’ve written before about the history of credit cards.  Here’s a satirical take on the industry from The Comedy Channel’s Colbert Report. Credit Check www.colbertnation.com

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