The Mint Hill Chamber of Commerce and Cheval Homes held a Ladies Business Luncheon at one of their model homes. Guests were treated to lunch and a tour of model homes in the area. (Left to Right) Lesley Lynch and Babs Prust, both with Arthur Rutenberg Homes, Jennifer Joles with Paris Projects, Diane Austin builder […]
By Michele Dotson
New home building has really been on an upswing in Mint Hill this year, with price points set for a moderate budget.
In April 2012, only 62 new home permits were issued in all of Mecklenburg County.
April 2014 shows a very different picture with 229 housing permits issued throughout the month.
So far this year, 837 permits have been issued for new homes.
While some of these new Mint Hill neighborhoods were taken over from previous builders who lost their property to foreclosure during the economic downturn, there are new properties being developed all over the area. […]
By Michele Dotson firstname.lastname@example.org
The Home Builders Association of Charlotte has selected Mint Hill’s Cheval as the site for this year’s HomeArama event, currently in its 25th year. The show opened November 9 and will continue through the 24. Ticket holders enjoy a self-paced tour of six luxury homes which are open and superbly adorned with […]
Meeting highlights trends in area home buying
By Michele Dotson
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. […]