Realtors

Charlotte Talks
12:00 am
Fri January 10, 2014

Local Housing Market & Carolina Panthers Playoff Preview

Part One: Local Housing Market. U.S. housing markets have seemingly stabilized following a dramatic boom and bust cycle during the last decade. Much of this stabilization can be attributed to the government takeover of Fannie Mae and Freddie Mac, as well as the Federal Reserve's massive investment in mortgage-backed securities. What are the current U.S. housing market conditions? What are some of the potential changes to government involvement in the housing finance system? We talk about that and more.
Guests
W. Scott Frame
- Belk Distinguished Professor of Business and Professor of Finance at UNC Charlotte
Eric Locher - President, Charlotte Region Realtor Association
Frank Nothaft - Vice President & Chief Economist, Freddie Mac

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Local News
4:08 pm
Fri January 11, 2013

Charlotte: A City Of Mortgage-Debtors

Only 20 percent of Charlotte homeowners have paid off their mortgages completely, compared to a national average of 29 percent.

More homeowners in Charlotte have mortgage debt than in most other major metro areas around the country.  Are we just prone to big spending, or is something else at play in the housing market here?  

Almost 21 million Americans – nearly a third of the nation's homeowners – own their homes outright.

In Charlotte, the percentage is much lower – just 20 percent.  New York City outdoes us with 30 percent of its homeowners free and clear. In Tampa it's 33.2 percent and Pittsburgh – a whopping 38 percent of homeowners have completely paid off the mortgage.

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