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Chamber hears the State of Real Estate

Meeting highlights trends in area home buying 
and financing

By Michele Dotson
Staff Writer
dotson.michele@minthilltimes.com

The focus of the September 26 Chamber meeting on real estate and financing was facilitated by Mint Hill Chamber president and real estate professional Rich Ferretti and Monarch Mortgage loan officer, Janet Gaglione.
“There is confidence in the market and lenders are loaning money again,” says Ferretti, who cited recent comparisons in the market which shows a 12.4 percent increase in home sales in July 2013 compared with July of 2012.
“The housing market is growing in pockets around the country,” says Ferretti. “Las Vegas is hot right now, and overall, the cost of housing is down.”
Ferretti also says that North and South Carolina continue to attract a lot of newcomers, with large numbers relocating from Florida.
“We call them the half-backs,” he says. “These are individuals who moved to Florida from places up north, and have now settled in the Charlotte area.”
Thanks to Charlotte’s banking industry, 2nd only to New York City, and new industry such as Met Life and Chiquita, Ferretti says our market is thriving.
Although there is a spike in interest in houses close to or in uptown, Mint Hill continues to see a resurgence in building, particularly on sites that were already prepared before the housing crisis hit.
Most recently, Bontera began construction near Lebanon and Hwy. 51 and the upscale Cheval community will be the focus of this year’s HomeArama in November.
There are also lots of investors in the market looking for good deals, and a recent study of home sales in the Charlotte area indicated that nearly one in five home sales last year could be attributed to an investment purchase. […]

By |October 3rd, 2013|Around Town, Development, Featured Posts|0 Comments

Mint Hill Police station open for business

The Mint Hill Police station was open for business on Monday, September 23 at its new location in the former town hall building.

A few small problems were reported, but, according to Police Chief Tim Ledford, the transition has been smooth.

“We have a couple of locks not working,” says Ledford. “We had a leak in the men’s locker room that was taken care of this morning, and the phones were not working properly.”

All minor inconveniences that haven’t dampened the excitement of the move.

The Board of Commissioners approved the renovations of the former Mint Hill Town Hall in March, 2012.

The architects worked hard to make effective use of the space in order to provide the police department with what they need to do their job effectively.

“We went from about 5,000 square feet to 7,800 square feet,” says Ledford. “In the old building, we had to put three units together to make one, and it wasn’t very effective.” […]

By |September 25th, 2013|Around Town, Development, Featured Posts, Town Hall|1 Comment

Mint Hill Fire Department holds public meetings to discuss ambulance service

A meeting was held on Monday, September 9 at 7 pm at the Mint Hill Fire Department on Fairview Road to discuss the future of ambulance service in Mint Hill and to provide the public with information on the current challenges facing the department which serves over 27,000 people.

Mint Hill Volunteer Fire Department’s board chairman […]

By |September 11th, 2013|Around Town, Breakiing News, Development, Town Hall|8 Comments

Producer has Mint Hill roots

Free movie screening at Blair Road United Methodist

Season of Miracles, the latest movie from Elevating Entertainment, has an official release date of October 1, but Blair Road United Methodist Church will host an early release screening of the new family friendly movie on September 13 at 7:00 pm. This is the third feature film produced by Mint Hill native Dave Moody and his son Josh.

Season of Miracles tells the story of the Robins, an underdog Little League team in the deep south who turn their season around when newcomer and autistic baseball savant, Rafer (Grayson Russell, Diary of a Wimpy Kid, Talladega Nights) joins their team.  […]

By |September 11th, 2013|Around Town, Good deeds, Matthews, Non-profit, Schools|7 Comments