Terry McDonald's Page

Charlotte NC

First Home Buyer Tax Credit Extended, Move Up Buyers Get New Tax Credit

It is official. President Obama signed the bill Friday. The bill extends the existing first home buyer credit- it adds a $6500 credit for qualifying "move up" buyers, and increases the income limits to qualify... welcome changes and a shot in the arm for home Buyers and Sellers

The bill extends the current $8,000 first time homebuyer tax… Continue

Charlotte NC

How Did The Over $1M Market Get So Messed Up?

We know there is a lot of inventory- 54 months according to my last post based on the first 9 months sales of this year... an almost 5 year supply of homes.

Does the word sub-prime, or Pick-A-Pay mean anything to you? Or my preferred term, Junk Financing? Looking back, way back all the way to 2001, I charted the growth of the Over$1M market in th… Continue

I prepare these reports from time to time for different areas of Charlotte for my blog at TerryMcDonaldRealEstate.com... Matthews real estate has in the main, fared considerably better than Charlotte as a whole.… Continue

Matthews Alive

I've lived in Matthews or nearby Charlotte for the last 16 years and it's a Labor Day tradition around our house...Our children are now grown, but whoever is in town goes to Matthews Alive. For those of you who have never been, here's a slide show with pictures from the last two years.

If you can't see it, this slide show also appears on my Matthews Real Estate page… Continue