Allen Tate Newsroom

Over the last few years, new words have become part of our real estate vocabulary when discussing distressed properties. Terms such as ‘shadow inventory’, ‘cure rate’ and ‘short sales’ were introduced. Other words like ‘underwater’ and ‘upside down’ took on totally new meanings. Today, we want to add two additional words that we will be hearing often over the next year or so: ‘zombie foreclosures’ and ‘boomerang buyers’.

To read more please click this link: ‘Walking Dead’ and ‘Survivors’ in Real Estate.

“Home closings in the Charlotte region leapt 34.5 percent in April from a year earlier, according to the Charlotte Regional Realtors Association’s monthly market activity report released today. Closings in the 10-county area for residential real estate totaled 2,915 last month, up from 2,168 in April 2012, states the report. Pending sales counts skyrocketed 56.8 percent to 3,933 last month from 2,509 a year earlier, the report says.”

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Reprinted from the Charlotte Business Journal