Market News
| What is subprime lending? Subprime lending, near-prime, second chance, or B-paper lending is the practice of lending money borrowers who do not necessarily qualify for the best market interest rates because of credit issues of variant sorts. The meaning of subprime itself is a phrase that also refers to paper taken on a property that cannot be sold on the primary market. These papers include loans on certain types of investment properties, self-employed individuals, car loans, and credit cards. The processes of subprime lending is risky for both the borrowers and the lendors because of the dirrect coorlation of bowers, hight interest rates, and poor credit history. Consumers who do not qualify for A-Paper loans are issued loans and mortgages at a higher interest rate. Premier Estate is dedicated to delivering you the latest information on the subprime market as new information becomes available. |
CMLS Revamps Square Footage
Submitted by charlotte realty news on Thu, 03/27/2008 - 14:44.The Carolina Multiple Listing Service has revamped the way that it will list home square footage to buyers and the general public. Square footage for active homes on the market will be listed as a range rather than an exact number.
The change to the Carolina Multiple Listing Service comes after years of disputes over square footage measurements between home buyers and sellers. It’s an uncommon event, but some buyers have gone to court over home prices that have arisen from differing opinions over square footage.
Realtors will still be responsible to accurately measure the homes in which they list, but a range rather than an exact number will be listed in the MLS and on websites rather than and exact number. For appraisal purposes, the exact square footage numbers will be available in the Carolina Multiple Listing Service once the home sells.
The public will still have access to square footage through the tax records and with Realtors via sold data in the Carolina Multiple Listing Service.
Davidson NC Demographics, 28035
Submitted by Premier Estate on Tue, 02/26/2008 - 03:12.Devidson North Carolina Demographics:
In 2007 Davidson's population is 8,760 people. Since 2000, it has had a population growth of 22.71 percent. Listed below is a breakout of valuable demographic information. The following information can be a great resource if you are looking to purchase a house in the Davidson, NC area.
Median Home Value:
The median home cost in Davidson is $549,500. Home appreciation the last year has been 0.09 percent. The median age is 31.6. The US median is 37.6. 44.94% of people in Davidson, NC, are married. 6.35% are divorced.
Davidson Apartments and Rentals:
Renters make up 18.15% of the Davidson, NC, population. 12.83% of houses and apartments in Davidson, NC, are unoccupied (vacancy rate).
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