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BoatReflections2

Lake Norman waterfront home sales for March 2018.

Huge slow-down noted this March vs. March of 2017. I’ve heard it from many agents-this past March seemed slow in the Lake Norman waterfront market.  Compared to last March, the number of closed sales was down 50% in the following price ranges sampled:  $500,000 to $749,999, $750,000-$999,999 and $2.0 million to $2.99 million.  The $1.0 […]
Matt Morano
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Lake Norman March 2018 Overview

A slow month for sales across Lake Norman. Lake Norman market activity: Comparing March 2018 vs. March 2017:  Highlights from the graphic include- Steep drop in # of closed sales (down 26%) Inventory down 20% Median sales price down 9%. Keep in mind that the “active” part of the year at Lake Norman begins in […]
Matt Morano
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Welcome! Here’s how I can help you.
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DID YOU KNOW THIS?

I’m Matt Morano, the NC Realty Guy. Did you know that most new construction homes are sold by Realtors? The builder need their homes sold. And they pay us to do it without charging you more to buy! So call me before you go to the sales center. You need representation. The person sitting in […]
Matt Morano
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pmi

What is Private Mortgage Insurance (PMI)?

What is PMI? Freddie Mac defines PMI as:  that is required for all conforming, conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home, you can cancel it and remove that expense from your mortgage payment.” As the borrower, you pay the monthly premiums for the insurance policy, and […]
Matt Morano
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GetMedia
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STAFFORD AT LANGTREE BY TAYLOR MORRISON MOORESVILLE NC

Langtree area of Mooresville new home community, close to Lowe’s corporate and LKN Regional Medical Center. Variety of homesites. Taylor Morrison at Langtree completed homes starting in the mid $300’s. Community pool. Much to see! Call me at 704-582-1314. Working as your buyer’s agent I’m paid by the builder- and they don’t charge more for […]
Matt Morano
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Townhomes at Larkin Golf Club in Statesville
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LARKIN GOLF CLUB TOWNHOMES BY TRUE HOMES

A rare find! These townhomes- built by True Homes-are in the Larkin Golf Club Community—and range in size, starting at just under 2000 square feet—with prices starting in the high $180’s. You get Access to all the amenities- a fountain park, tennis courts, swimming pool, grilling area, pavilion and playground.  You don’t have to join […]
Matt Morano
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View Summer

Has a Lake Norman waterfront home been a good investment?

You bet.  Here are the facts over the last 3 years. Single-family, traditional waterfront homes prices are on the rise. Not a surprise. But by how much? Consider this: the median waterfront home sales price across the entire Carolina Multiple Listing Services, Inc. is up 22% over the last 3 years. Drilling down, I found […]
Matt Morano
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rates rising

Mortgage rates on the rise so far this year.

But that’s not necessarily bad news. Mortgage rates are on the rise so far this year. But that’s not a bad sign! In a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate. As seen in the graphic, home prices APPRECIATED […]
Matt Morano
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