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Appraisal Stats Charlotte, NC

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NC Appraising

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Apr 28, 2006
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Certified Residential Appraiser
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North Carolina
http://www.charlotte.com/mobile/story/469234.html

"Home building and sales are falling more sharply in the Charlotte area than nationally, a sign the housing slump is worsening in what has been one of the country's stronger markets"

"In 2004, they bought a four-bedroom house, built about 30 years earlier, for $165,000. Robin Calhoun, 37, who works as a surgeon's assistant, says that an appraisal last year for refinancing valued the northwest Charlotte house at $210,000. She grew up in the area and loves the house. Her husband, 38 and a police officer, wants to move out of the city and get a house on several acres."
 
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Less than 9% a year.....not impossible. cHarlotte has been a strong yet steady market....except for the new s/d's with no money down, bad credit OK, sub-prime, adjustable rate loans and shoddy workmanship.
 
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