Join us in welcoming the agents and staff who recently joined Helen Adams Realty.

Details released today by Senator Dodd that the democrats have reached an agreement to extend the soon to expire $8,000 tax credit for first time home buyers.  Republicans cautioned that negotiation continue.  Neither side released any details but the extension will be phased throughout 2010.  The full credit will extend to March and then slowly decrease as 2010 progresses.  To read more about this story got CNBC’s website.

On October 14, 2009, Helen Adams Realty President, Jeff Adams, gave a 2010 Residential Real Estate Forecast for the Charlotte, NC market and its surrounding counties.

Click here to review the speech by Jeff Adams, which accompanies the PowerPoint below.

A recent Gaston Gazette article talks about the financial struggle for the developers of Eagle Park, in Gaston County, NC. The article comments on how the developer came in at the top of the market and had to walk away due to the market shift.  But not all lots, homes and townhomes were included in the financial woes. 

Anne Brade of Helen Adams Realty is heading up sales in Eagle Park for those properties not involved.  Anne states that

“Approximately 34 single family homes and 16 townhomes at Eagle Park were not included in the foreclosure. Those lots have been completed, sold and are now occupied”  Sales continue to happen in Eagle Park and the Belmont area is as hot as ever.  Eagle Park was designed for people who work in Charlotte but want to live in an area with a  small town feel.

For more information about Eagle Park or other Belmont Real Estate information please contact Anne Brade at 704-650-4951 or visit her website.

The Cotswolds on Walker condos represent good value as well as convenient living “close-in”.  They are particularly desirable for buyers wanting an affordable townhome priced below $130,000.
There are several quaint “pockets” of diverse homes within the general Cotswold area, which is split by Randolph Road as it heads south from Uptown and Eastover.  The Cotswolds on Walker are securely nestled into a quiet, serene location at the end of Goshen Road as it intersects Walker Road. Hence the name, “The Cotswolds on Walker”.
Major amenities include full brick traditional exteriors (built in 1966 originally as apartments, expertly converted in 2003 to condos). There is also a large private pool suitable for relaxing, surrounded by stamped concrete decking and a multi-level wood deck for entertaining. Richly finished Oak hardwoods grace the mainly townhome floors, with carpeted bedrooms.  Baths are ceramic tile.  French doors open to rear patios, some with privacy fences.  To tour a pristine example, check out MLS # 891334, 4323 Walker Road, unit D.
Quick access to major destinations is a huge benefit!
Uptown Charlotte is 14 minutes away.
South Park Mall is 10 minutes away.
Cotswold Shopping Village, Charlotte’s first suburban mall and still thriving after 40 years, is an even closer 3 minute drive.
Wolfman Pizza a local California style pizzeria, and a perpetual “Best-Pizza-in-Charlotte” winner, has one of its four Charlotte sites located in Cotswold Shopping Center.  This is but one example of many restaurants and retailers devoted to excellent service in the immediate area.

For more information got to my website: Curt Seifart

Good Morning Everyone:

Yesterday, Ken Lewis, one of the titans of Capitalism and the financial services industry, announced his retirement. I am in awe of all that he accomplished during his long career with Bank of America. He leaves his company and Charlotte in a much stronger position to face the future.

Acquisitions and growth under his leadership now place Bank of America as a nationwide market share leader in consumer retail banking, corporate and investment banking and brokerage, credit card lending and residential mortgage lending. Mr. Lewis is known as hands-on, detailed oriented executive. He helped his company grow into many different businesses, each with focused leadership needs of their own. Perhaps it is now time for a more decentralized approach. Now is the time to let these businesses and their people flourish in their respective environments, and now is the time to let them be held accountable for their performance.

In fact, decentralization is the direction Lewis is heading as witnessed by the recent appointments he has made to run his various businesses.  Many of these business heads are located in places other than Charlotte. As Charlotteans we should not worry too much about where the future leader of Bank of America resides. Charlotte is the sphere of influence of the Bank’s retail headquarters just as Wall Street is the sphere of influence for investment banking. Bank of America is home grown and its legacy benefits us all.

Click here to see a September 21 Wall Street Journal editorial calling Mr. Lewis the Banking Scapegoat of America. And, as Gary Shilling puts it, “When a lot of people lose a lot of money, there is a cosmic need for scapegoats and increased regulation.” The point of the editorial is that maybe we should thank Mr. Lewis for coming to the rescue back in December when he moved forward with the decision to purchase Merrill Lynch at time when all of the financial industry was on the precipice of collapse.

Last week I wrote to Mr. Lewis to thank him for all that he has accomplished (and to invite him to the Helen Adams’ 2010 Residential Real Estate Forecast Event!). For those of you who have a desire to write and thank Mr. Lewis for all of his accomplishments I have attached his address below:

Mr. Kenneth D. Lewis

CEO & President

Bank of America Corporate Center

101 N. Tryon Street

Charlotte, NC 28255

I hope to see all our agents, their guests and our staff on Wed. October, 14 for our 2010 Charlotte Residential Real Estate Forecast Event!