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Welcome to the premier resource for real estate information and services in the area. I hope you enjoy your visit and explore everything my Real Estate website has to offer, including The Charlotte Area Real Estate listings, information for homebuyers and sellers, and more About Us, your Professional Charlotte Area Realtor.

Looking for a new home? Use Quick Search or Map Search to browse an up-to-date database list of all available properties in the area, or use my Dream Home Finder form and I'll conduct a personalized search for you.

If you're planning to sell your home in the next few months, nothing is more important than knowing a fair asking price. I would love to help you with a FREE Market Analysis. I will use comparable sold listings to help you determine the accurate market value of your home.

Hi, my name is Reggie Parker and I have been helping Buyers and Sellers through out the Greater Charlotte Area  since 1992, as a Full-Time Realtor in all aspects of Buying and Selling homes, from First Time Homebuyers, to Sellers downsizing and moving up, Relocation Sales, and New Home Sales. I love working with Veterans!  I can assist you in every step of the process.  I have the Patience, Skills, Experience, and Determination to guide you through every step.  It's my job to see that things go right for you and you get The RESULTS  THAT YOU DESIRE!

MY SERVICES ARE FREE TO BUYERS!

I know the ends and outs of Buying and Selling a home and the Challenges and Joys that come with it.  I work hard at looking out for my clients Best Interests. So when you get ready to Buy or Sell a home,  give me an OPPORTUNITY to show you what I can do for you.

Thanks

Reggie Parker   GROUNDPLAY REALTY   704-597-7766

By Choosing GroundPlay Realty 

* We are going to work Smart and Hard for you!
* We are going to Value your TIME and your preferences seriously!
* We are going to pay attention to details and terms of your contract!
* We are going to look out for your Best Interest!
* We are going to give you good sound advice!
* We are going to work at obtaining  the Best possible deal  for you!
* We provide FREE Representation for buyers!
* We consult and advise during Buying and Selling process!
* We'll be there for you during and after the Sale!

SELLERS!
If you're planning to sell your home in the next few months, this FREE service is designed to help establish your home's current market value. Simply choose Market Analysis and fill out the requested information. I will use comparable sold listings to help you calculate an accurate and fair market value for your home.

BUYERS!
WHATEVER YOU DO, DON'T BUY A NEW HOME WITHOUT A BUYERS AGENT REPRESENTING YOU! Looking for a new home? I can help! You can automatically receive personalized MLS listings by email. Early each morning I will search the local MLS for you and find the homes that match your criteria. I'll notify you immediately with the latest listing information! Simply choose Dream Home Finder and fill in the requested information. Or, search for yourself at Search For Homes.

First time buyers! I have tons of information on buying homes, getting pre-approved, owning a home, and more! Everything you need to know about buying a home can be found on our Buyer/Seller Info page.

 



Certifications and Recognitions

REALTOR® certification
MEMBER OF NATIONAL ASSOCIATION OF REALTORS
NORTH CAROLINA ASSOCIATION OF REALTORS
NEW HOME MARKETING SPECIALIST
RELOCATION SPECIALIST
MEMBER OF KAPPA ALPHA PSI FRATERNITY INC.

Recommended Links

CAROLINA PANTHERS                                             CMS  SCHOOLS                                        CHARLOTTE HORNETS                         

N C TOURIST INFORMATION                                   UNION COUNTY SCHOOLS                     CABARRUS COUNTY GUIDE

COMPLETE GUIDE TO THE CHARLOTTE AREA   NORTH CAROLINA SCHOOL REPORT       UNION COUNTY GUIDE

CHARLOTTE AREA NEWS AND INFORMATION    CABARRUS COUNTY SCHOOLS

 

 

 

Real Estate News!!!

Latest Realty News from NAR

Foreign Buyers Purchased $4.8 Billion in U.S. Commercial Real Estate in 2018

International clients are an important niche market for residential and commercial REALTORS® alike. In the latest 2019 Commercial Real Estate International Business Trends, NAR reported that foreign buyers purchased $4.8 billion of U.S. commercial real estate in 2018.[1] The median value for a buyer-side transaction was $600,000, while the median value for a seller-side transaction was $1 million. The dollar volume of foreign buyer purchases of U.S. commercial property declined in 2018 compared to the $6.7 billion in 2017 and $7.9 billion in 2016 as the economic expansion slowed in Asia (e.g., China, Japan), Canada, Europe (e.g. United Kingdom, Germany, France, Italy, and Spain), and Latin America.

Major Buyers of Commercial Property

Asia was the largest source of U.S. commercial property buyers, accounting for about a third (34 percent; 28 percent in 2017) followed by the Canada and Latin America (29 percent; 25 percent in 2017), Europe (20 percent; 29 percent in 2017), Middle East (10 percent; 12 percent in 2017), Oceania (2 percent; 1 percent in 2017), and from other countries that were not identified by respondents (3 percent; 6 percent in 2017).

The top foreign buyers of commercial property were China (21 percent), Canada (7 percent), Mexico (6 percent), Germany (5 percent), India (5 percent), Israel (5 percent), United Kingdom (5 percent), Venezuela (5 percent), Vietnam (5 percent), and Italy (4 percent).

Major Destinations of Buyers of Commercial Property

Florida was top choice among foreign buyers of U.S. commercial property (20 percent) followed by Illinois (13 percent), Texas (11 percent), and California (9 percent). Other top destinations were Georgia, New York, Virginia, Hawaii, Maryland, Massachusetts, Nevada, New Jersey, and Oklahoma.

Financing and Types of Property Purchased

About half of commercial foreign buyers, 52 percent, made an all-cash purchase (70 percent in 2017), and 25 percent obtained financing from a U.S. source.

International commercial buyers purchased across a variety of property types, but apartment was the most preferred, at apartment (19 percent), followed by retail (16 percent), land (12 percent), industrial (11 percent), office (9 percent), hotel (9 percent), and other types.

The bulk of foreign buyers of commercial property purchased the property as an investment to be rented out (39 percent in 2017), and 33 percent purchased the property for a business they participate in (34 percent in 2017). The Other category, which accounted for 22 percent (16 percent in 2017), includes a purchase of the property for residential and business-related uses.

Reasons Foreign Client Decided Not to Purchase U.S. Commercial Real Estate

One in five international clients decided not to purchase U.S. commercial properties in 2018 (17 percent in 2017). Understandably, the primary reason deterring a purchase is cost and exchange rate changes (36 percent of clients who decided not to purchase; 30 percent in 2017).Other major reasons are the buyer “could not find a property” (31 percent of clients who decided not to purchase), difficulty moving money out of the country (22 percent; 17 percent in 2017), tax-related issues (22 percent; 17 percent in 2017), immigration/visa (9 percent), and difficulty obtaining financing (9 percent).


[1] NAR also estimates foreign buyer purchases of U.S. residential property. According to the 2018 National Association of REALTORS® Profile of International Activity in U.S. Residential Real Estate, foreign buyers purchased $121 billion of residential property during April 2017—March 2018, or eight percent of the $1.6 trillion of total existing home sales during the same period.

 

Older Boomers: Most Satisfied Buyers Purchasing Forever Homes

Older Boomers, buyers aged 64 to 72 years, made up 14 percent of all home buyers in 2018 again this year. The median age for this group was 68 years old and they were born between 1946 and 1954. Within this group, they had the third largest share of single female buyers at 20 percent. Their primary reasons for purchasing a home were the desire to live closer to friends and family (22 percent), followed by retirement (19 percent).

Combined, Older Boomers owned the highest share of investment (10 percent) and vacation (seven percent) properties. Older Boomers were the most likely to purchase homes in a rural area (25 percent) and in a small town (14 percent).

Compared to other buyers, they moved the greatest distances at a median of 30 miles, same as the Silent Generation. Older Boomers were the less likely to purchase homes for the quality of school districts or convenience to schools. Rather, they purchased homes for the quality of the neighborhood and for convenience to friends and family. This age group found commuting costs the least important. Overall, Older Boomers were very likely not to make compromises on the home when they purchased (49 percent), citing that they were never moving and it was their forever home (33 percent).

In their home search process, Older Boomers were very likely to contact a real estate agent first and they were the least likely to find the paperwork a difficult step. Older Boomers were the most satisfied with the home buying process at 94 percent.

Older Boomers’ income was below the median income of all buyers ($91,600) at just $83,200 and they purchased homes at a median price of $250,000. Older Boomers were very likely to use the proceeds from the sale of a primary residence as the source of their downpayment (54 percent) and from an IRA account (five percent). They were the largest group of home buyers to have credit card debt at 67 percent.

Older Boomers were the second largest share of home sellers at 22 percent in 2018. The median age for an Older Boomer seller was 68 years. They had the second lowest median income at $81,700. They were the most likely to sell to be closer to friends and family (26 percent) and for retirement (16 percent), and at a median distance of 50 miles from the home they recently purchased. They were also very likely to sell when they wanted to (96 percent). They receive the second highest equity at 43 percent and second highest dollar value at $74,000.

February 2019 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were down from last month at 4.60 percent this February, and up 4.1 percent compared to 4.42 percent a year ago.

  • Housing affordability declined from a year ago in February moving the index down 2.8 percent from 161.5 to 156.9. The median sales price for a single family home sold in February in the US was $251,400 up 3.6 percent from a year ago.
  • Nationally, mortgage rates were up 18 basis point from one year ago (one percentage point equals 100 basis points).
  • The payment as a percentage of income was down from last month at 15.9 percent this February and up from 15.5 percent from a year ago. Regionally, the West has the highest payment at 22.3 percent of income. The South had the second highest payment at 15.7 percent followed by the Northeast at 15.3 percent. The Midwest had the lowest payment as a percentage of income at 12.4 percent.

  • Regionally, the Midwest recorded the biggest increase in home prices at 5.5 percent. The Northeast had an increase of 3.9 percent while the West had a gain of 3.5 percent. The South had the smallest gain in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 5.3 percent. The Midwest had a decline of 5.1 percent followed by the South that fell 1.8 percent. The West had the smallest drop of 0.9 percent.
  • On a monthly basis, affordability is up from last month in three of the four regions while the South was flat. The Northeast region had the biggest increase of 3.7 percent. The Midwest had an incline of 2.8 percent. The West had the smallest increase in affordability of 0.4 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 202.2. The least affordable region remained the West where the index was 112.2. For comparison, the index was 159.6 in the South, and 163.4 in the Northeast.

  • Mortgage applications are currently down while credit availability and new home purchase applications increased. There has been an increase in inventory of modestly prices homes. Median family incomes are growing 2.8 percent while home prices increased 3.6 percent. Despite being down from last year, affordability is up from last month in the US and in three of the four regions with the South being flat. Interest rates have dropped two months in a row, which will lower mortgage payments for future homebuyers.

  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.
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Reggie  Parker
301 McCullough Drive Suite 400

Charlotte, NC 28262
Phone: 704-597-7766
Email: reggieparker@bellsouth.net

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