March 2017 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Top real estate trends for 2017
3. Just Listed/Sold properties
4. Knights Baseball is ready for 30th season
1. Petit Home Team NEWS
There are very few things in today's market place that are of high quality anymore. In real estate, the Petit Home Team strives to offer the highest quality service to our clients. We only want to associate with the best and that is why we are partnering with Cutco to supply our clients with memorable closing gifts.
If you are not familiar with Cutco, it is the world's finest kitchen cutlery. They are made in the U.S.A., with a Forever Guarantee, which includes FREE sharpening for life. We hope you will enjoy using them with your friends and family for years to come.
With the spring real estate market already in full bloom, You have probably been involved in lots of conversations about buying or selling lately.
As you know, our business is based on referrals from great clients like YOU!
Who else do you know that may need our services at this time? If there is any other way we may be of service to you, your friends, family, or acquaintances, please do not hesitate to contact us: info@PetitHomeTeam or 704-728-6944
We are truly grateful for your efforts to build our business. We are looking forward to helping you build a beautiful set of Cutco in 2017!
www.cutco.com
Rob and Bob Petit
2. Top real estate trends for 2017
A. Mortgage rates will increase
3. Just Listed/Sold properties
4. Knights Baseball is ready for 30th season
1. Petit Home Team NEWS
There are very few things in today's market place that are of high quality anymore. In real estate, the Petit Home Team strives to offer the highest quality service to our clients. We only want to associate with the best and that is why we are partnering with Cutco to supply our clients with memorable closing gifts.
If you are not familiar with Cutco, it is the world's finest kitchen cutlery. They are made in the U.S.A., with a Forever Guarantee, which includes FREE sharpening for life. We hope you will enjoy using them with your friends and family for years to come.
With the spring real estate market already in full bloom, You have probably been involved in lots of conversations about buying or selling lately.
As you know, our business is based on referrals from great clients like YOU!
Who else do you know that may need our services at this time? If there is any other way we may be of service to you, your friends, family, or acquaintances, please do not hesitate to contact us: info@PetitHomeTeam or 704-728-6944
We are truly grateful for your efforts to build our business. We are looking forward to helping you build a beautiful set of Cutco in 2017!
www.cutco.com
www.cutco.com
Rob and Bob Petit
2. Top real estate trends for 2017
A. Mortgage rates will increase
Following the housing market crash, mortgage rates remained at record lows for years. However, that's finally starting to change.
Rates are climbing now and are expected to keep doing so next year, with the Federal Reserve indicating that three more increases to its benchmark rate are coming in 2017.
As a buyer or seller, this essentially points to acting sooner rather than later if you're intending to do a transaction next year. Rates will get higher as we go through the year, and inventory is not going to improve. So winter or early spring will be more advantageous than waiting for late spring or early summer, when most buyers emerge.
B. Demand for Housing Could Heat Up
According to the National Association of Realtors, we could see an uptick in the demand for properties in 2017. Specifically, the National Association of Realtors is predicting that existing home sales will top 6 million in 2017, which is similar to forecasts from the Mortgage Bankers' Association, Fannie Mae and Freddie Mac.
The increased push for housing may be driven in part by a growing number of millennials who are venturing into home-ownership for the first time. In addition to purchasing single-family homes, younger buyers may buy condos as well.
C. More Millennial Buyers May Head to the Suburbs
While big cities are still popular among young adults, many millennials are interested in living in suburban areas. Research shows that 47% of millennial homeowners have opted to buy houses in the suburbs, largely due to the lower cost of living that it entails. The amenities that many suburban areas offer are also appealing, even if it means that homeowners have a longer commute.This trend could be good news for suburban homeowners who are planning to put their homes on the market in 2017. For buyers, the primary advantage of choosing the suburbs over the city is the ability to stretch their budgets. For example, $325,000 may buy you a three-bedroom home in the 'burbs versus a one-bedroom studio in the city.
D. Homeowners Could See Their Equity Rise
While the National Association of Realtors is projecting a slowdown in home prices, other housing industry experts are taking a different stance. CoreLogic, for example, is forecasting a price increase of 5.2% through September 2017. If home prices increase at that rate or close to it, some homeowners could see their home equity rise.Having more equity in your home is a plus if you're hoping to sell your home. The more equity you've built up in your property, the more you stand to make if you decide to sell your house. If you're refinancing to pull equity out of your home for a major renovation, a higher equity value will give you more borrowing power.
E. Supply May Shrink in Some Cities
Despite rising demand, available housing may be sluggish in certain markets. According to the National Association of Realtors, the number of available properties declined by 4.2% between 2015 and May 2016. Currently, inventory is down by an average of 11% (year over year) in the top 100 major metro markets. That's not expected to change much in 2017, which means buyers could face more competition as they attempt to purchase homes.
Following the housing market crash, mortgage rates remained at record lows for years. However, that's finally starting to change.
Rates are climbing now and are expected to keep doing so next year, with the Federal Reserve indicating that three more increases to its benchmark rate are coming in 2017.
As a buyer or seller, this essentially points to acting sooner rather than later if you're intending to do a transaction next year. Rates will get higher as we go through the year, and inventory is not going to improve. So winter or early spring will be more advantageous than waiting for late spring or early summer, when most buyers emerge.
B. Demand for Housing Could Heat Up
According to the National Association of Realtors, we could see an uptick in the demand for properties in 2017. Specifically, the National Association of Realtors is predicting that existing home sales will top 6 million in 2017, which is similar to forecasts from the Mortgage Bankers' Association, Fannie Mae and Freddie Mac.
The increased push for housing may be driven in part by a growing number of millennials who are venturing into home-ownership for the first time. In addition to purchasing single-family homes, younger buyers may buy condos as well.
C. More Millennial Buyers May Head to the Suburbs
While big cities are still popular among young adults, many millennials are interested in living in suburban areas. Research shows that 47% of millennial homeowners have opted to buy houses in the suburbs, largely due to the lower cost of living that it entails. The amenities that many suburban areas offer are also appealing, even if it means that homeowners have a longer commute.This trend could be good news for suburban homeowners who are planning to put their homes on the market in 2017. For buyers, the primary advantage of choosing the suburbs over the city is the ability to stretch their budgets. For example, $325,000 may buy you a three-bedroom home in the 'burbs versus a one-bedroom studio in the city.
D. Homeowners Could See Their Equity Rise
While the National Association of Realtors is projecting a slowdown in home prices, other housing industry experts are taking a different stance. CoreLogic, for example, is forecasting a price increase of 5.2% through September 2017. If home prices increase at that rate or close to it, some homeowners could see their home equity rise.Having more equity in your home is a plus if you're hoping to sell your home. The more equity you've built up in your property, the more you stand to make if you decide to sell your house. If you're refinancing to pull equity out of your home for a major renovation, a higher equity value will give you more borrowing power.
E. Supply May Shrink in Some Cities
Despite rising demand, available housing may be sluggish in certain markets. According to the National Association of Realtors, the number of available properties declined by 4.2% between 2015 and May 2016. Currently, inventory is down by an average of 11% (year over year) in the top 100 major metro markets. That's not expected to change much in 2017, which means buyers could face more competition as they attempt to purchase homes.
3.Just Listed/Sold properties
8803 Samara Court, Charlotte NC 28269
$165,000
Under Contract in 1 Day!
514 Riviera Drive, Salisbury NC 28144
$45,000
New Price on a ready to build lot on the Golf Course!! Very large lot, fully cleared and ready to build your dream home!Golf Course view in The Crescent Grande neighborhood of Salisbury, NC. 53,579 Lot Sq Feet to build your custom home. Bring your own builder to customize or ask us for more details. Make an offer!
New Construction coming SOON (March 4th)
1824 Island Ford Rd, Statesville NC
$305,000
4.Knights Reveal Full 2017 Promotional Lineup for Historic 30th Season
(UPTOWN CHARLOTTE, NC) -- Legendary baseball players, retro giveaways, memorable theme nights, and historic tributes to 125 years of Charlotte baseball history, highlight the Charlotte Knights promotional schedule for the 2017 -- the team's 30th season under the Knights' name. Charlotte will kick off its fourth season at BB&T Ballpark with Opening Knight at 7:05 p.m. on Thursday, April 6th against the Norfolk Tides.
Back by popular demand, all Thursday games at BB&T Ballpark, including Opening Knight, will feature $3 domestic drafts and $1 small sodas for Thirsty Thursdays ™ presented by Ink N Ivy. A number of other Knightly Promotions return to the schedule, including Friday Night Fireworks presented by BB&T and News Talk 1110 WBT, and Sunbelt Sundays presented by Sunbelt Rentals with post-game Kids Run the Bases. The Knights will light up the sky with post-game fireworks on 15 occasions this season.
New for 2017, the Knights will host All-American Mondays at the ballpark at all eight Monday home games. At three Monday contests, fans can bring their dogs out for Bark in the Ballpark on May 15, June 26, and August 28th. The Knights will also wear All-American uniforms on three Mondays (May 29, July 3, & September 4), and offer $1 Sahlen's Hot Dogs to fans on another three Mondays (May 29th, June 5, and July 24th).
Baseball in Charlotte dates back to 1892 and, throughout the 2017 season, the Knights will honor 125 years of baseball history in Charlotte. At all 10 Tuesday home games this year, the Knights will host Turnback Tuesdays and feature a theme dedicated to Charlotte's rich baseball history at each game. On the first Tuesday game of the season (April 18th), the Knights will host a Negro League Tribute Night and welcome seven Negro League legends to the ballpark. All Knights players will wear #42 to honor Robinson, who broke baseball's color barrier in 1947 -- 70 years ago this season. At the remaining nine Tuesday games, the Knights will wear retro 1990 jerseys. Additional Turnback Tuesday games, including a Tribute to Women in Baseball (June 13th), will be listed online at CharlotteKnights.com.
Fans can expect to meet legendary baseball players at BB&T Ballpark this season as part of the 2017 Celeb Series presented by Harris Teeter & Gain. On five occasions this year, the Knights will welcome players such as Luis Tiant (April 18), Tony Oliva (May 16), Brian Jordan (June 14), Bucky Dent (June 28), and Mustache Bash with Jack Morris (August 16) presented by Shear Excellence. Along with these baseball legends, the Knights will also welcome legends of softball and professional wrestling. On June 7, baseball, professional wrestling, and royalty come together as WWE Hall of Famer Jerry "The King" Lawler will meet and greet fans on Royalty Knight. On Sunday, July 30th, the Knights will host a Salute to Softball Night with a pre-game performance from the Long Haul Bombers. On Sunday, September 3rd, WWE Hall of Famers, the Rock N Roll Express, will headline the 2nd Annual Crockett Foundation Night.
Collectible giveaways this season include a unique Charlotte Knights Wiffle Bat & Ball to the first 2,000 kids courtesy of Kellogg's & Harris Teeter (April 23), a Homer The Dragon Jedi Knights bobblehead to the first 3,000 fans courtesy of BB&T (May 4), a Pink Baseball at the 12th Annual Pink Knights game to the first 2,000 ladies courtesy of Charlotte Radiology and Belk (May 6), a 125th Anniversary Charlotte Baseball Poster to the first 2,000 fans (June 6), a Stadium Replica of Griffith/Crockett Park to the first 2,500 fans courtesy of BB&T (June 27), and a 1988 Knights Retro Youth Jersey to the first 1,500 kids courtesy of Carolinas Health Care System (July 25). On Saturday, July 29th, the Knights will give away a cruise presented by AAA Travel & Carnival Cruise.
Additional theme nights on the schedule this season include, "A Salute to the Queen City Night" on June 17 and a "Carolina BBQ Battle Royale Night" on July 15th. More details on those nights to follow. For a full list of the 2017 Charlotte Knights promotional schedule, including photos, please visit the team's official website at www.CharlotteKnights.com. Tickets for all games at BB&T Ballpark this season, including the WBT SkyShow on July 4th featuring Team USA hosting the Cuban National Team, will go on sale starting at 10:00 a.m. at BB&T Ballpark on Saturday, February 25. Tickets will then go on sale online at www.CharlotteKnights.com and by phone at 704-274-8282 at 12 noon on February 25. Fans can also purchase tickets for all five games in the 2017 Charlotte Knights Collegiate Baseball Series. Tradition Never Ends.
3.Just Listed/Sold properties
8803 Samara Court, Charlotte NC 28269
$165,000
Under Contract in 1 Day!
514 Riviera Drive, Salisbury NC 28144
$45,000
New Price on a ready to build lot on the Golf Course!! Very large lot, fully cleared and ready to build your dream home!Golf Course view in The Crescent Grande neighborhood of Salisbury, NC. 53,579 Lot Sq Feet to build your custom home. Bring your own builder to customize or ask us for more details. Make an offer!
New Construction coming SOON (March 4th)
1824 Island Ford Rd, Statesville NC
$305,000
1824 Island Ford Rd, Statesville NC
$305,000
4.Knights Reveal Full 2017 Promotional Lineup for Historic 30th Season
(UPTOWN CHARLOTTE, NC) -- Legendary baseball players, retro giveaways, memorable theme nights, and historic tributes to 125 years of Charlotte baseball history, highlight the Charlotte Knights promotional schedule for the 2017 -- the team's 30th season under the Knights' name. Charlotte will kick off its fourth season at BB&T Ballpark with Opening Knight at 7:05 p.m. on Thursday, April 6th against the Norfolk Tides.
Back by popular demand, all Thursday games at BB&T Ballpark, including Opening Knight, will feature $3 domestic drafts and $1 small sodas for Thirsty Thursdays ™ presented by Ink N Ivy. A number of other Knightly Promotions return to the schedule, including Friday Night Fireworks presented by BB&T and News Talk 1110 WBT, and Sunbelt Sundays presented by Sunbelt Rentals with post-game Kids Run the Bases. The Knights will light up the sky with post-game fireworks on 15 occasions this season.
New for 2017, the Knights will host All-American Mondays at the ballpark at all eight Monday home games. At three Monday contests, fans can bring their dogs out for Bark in the Ballpark on May 15, June 26, and August 28th. The Knights will also wear All-American uniforms on three Mondays (May 29, July 3, & September 4), and offer $1 Sahlen's Hot Dogs to fans on another three Mondays (May 29th, June 5, and July 24th).
Baseball in Charlotte dates back to 1892 and, throughout the 2017 season, the Knights will honor 125 years of baseball history in Charlotte. At all 10 Tuesday home games this year, the Knights will host Turnback Tuesdays and feature a theme dedicated to Charlotte's rich baseball history at each game. On the first Tuesday game of the season (April 18th), the Knights will host a Negro League Tribute Night and welcome seven Negro League legends to the ballpark. All Knights players will wear #42 to honor Robinson, who broke baseball's color barrier in 1947 -- 70 years ago this season. At the remaining nine Tuesday games, the Knights will wear retro 1990 jerseys. Additional Turnback Tuesday games, including a Tribute to Women in Baseball (June 13th), will be listed online at CharlotteKnights.com.
Fans can expect to meet legendary baseball players at BB&T Ballpark this season as part of the 2017 Celeb Series presented by Harris Teeter & Gain. On five occasions this year, the Knights will welcome players such as Luis Tiant (April 18), Tony Oliva (May 16), Brian Jordan (June 14), Bucky Dent (June 28), and Mustache Bash with Jack Morris (August 16) presented by Shear Excellence. Along with these baseball legends, the Knights will also welcome legends of softball and professional wrestling. On June 7, baseball, professional wrestling, and royalty come together as WWE Hall of Famer Jerry "The King" Lawler will meet and greet fans on Royalty Knight. On Sunday, July 30th, the Knights will host a Salute to Softball Night with a pre-game performance from the Long Haul Bombers. On Sunday, September 3rd, WWE Hall of Famers, the Rock N Roll Express, will headline the 2nd Annual Crockett Foundation Night.
Collectible giveaways this season include a unique Charlotte Knights Wiffle Bat & Ball to the first 2,000 kids courtesy of Kellogg's & Harris Teeter (April 23), a Homer The Dragon Jedi Knights bobblehead to the first 3,000 fans courtesy of BB&T (May 4), a Pink Baseball at the 12th Annual Pink Knights game to the first 2,000 ladies courtesy of Charlotte Radiology and Belk (May 6), a 125th Anniversary Charlotte Baseball Poster to the first 2,000 fans (June 6), a Stadium Replica of Griffith/Crockett Park to the first 2,500 fans courtesy of BB&T (June 27), and a 1988 Knights Retro Youth Jersey to the first 1,500 kids courtesy of Carolinas Health Care System (July 25). On Saturday, July 29th, the Knights will give away a cruise presented by AAA Travel & Carnival Cruise.
Additional theme nights on the schedule this season include, "A Salute to the Queen City Night" on June 17 and a "Carolina BBQ Battle Royale Night" on July 15th. More details on those nights to follow. For a full list of the 2017 Charlotte Knights promotional schedule, including photos, please visit the team's official website at www.CharlotteKnights.com. Tickets for all games at BB&T Ballpark this season, including the WBT SkyShow on July 4th featuring Team USA hosting the Cuban National Team, will go on sale starting at 10:00 a.m. at BB&T Ballpark on Saturday, February 25. Tickets will then go on sale online at www.CharlotteKnights.com and by phone at 704-274-8282 at 12 noon on February 25. Fans can also purchase tickets for all five games in the 2017 Charlotte Knights Collegiate Baseball Series. Tradition Never Ends.
Back by popular demand, all Thursday games at BB&T Ballpark, including Opening Knight, will feature $3 domestic drafts and $1 small sodas for Thirsty Thursdays ™ presented by Ink N Ivy. A number of other Knightly Promotions return to the schedule, including Friday Night Fireworks presented by BB&T and News Talk 1110 WBT, and Sunbelt Sundays presented by Sunbelt Rentals with post-game Kids Run the Bases. The Knights will light up the sky with post-game fireworks on 15 occasions this season.
New for 2017, the Knights will host All-American Mondays at the ballpark at all eight Monday home games. At three Monday contests, fans can bring their dogs out for Bark in the Ballpark on May 15, June 26, and August 28th. The Knights will also wear All-American uniforms on three Mondays (May 29, July 3, & September 4), and offer $1 Sahlen's Hot Dogs to fans on another three Mondays (May 29th, June 5, and July 24th).
Baseball in Charlotte dates back to 1892 and, throughout the 2017 season, the Knights will honor 125 years of baseball history in Charlotte. At all 10 Tuesday home games this year, the Knights will host Turnback Tuesdays and feature a theme dedicated to Charlotte's rich baseball history at each game. On the first Tuesday game of the season (April 18th), the Knights will host a Negro League Tribute Night and welcome seven Negro League legends to the ballpark. All Knights players will wear #42 to honor Robinson, who broke baseball's color barrier in 1947 -- 70 years ago this season. At the remaining nine Tuesday games, the Knights will wear retro 1990 jerseys. Additional Turnback Tuesday games, including a Tribute to Women in Baseball (June 13th), will be listed online at CharlotteKnights.com.
Fans can expect to meet legendary baseball players at BB&T Ballpark this season as part of the 2017 Celeb Series presented by Harris Teeter & Gain. On five occasions this year, the Knights will welcome players such as Luis Tiant (April 18), Tony Oliva (May 16), Brian Jordan (June 14), Bucky Dent (June 28), and Mustache Bash with Jack Morris (August 16) presented by Shear Excellence. Along with these baseball legends, the Knights will also welcome legends of softball and professional wrestling. On June 7, baseball, professional wrestling, and royalty come together as WWE Hall of Famer Jerry "The King" Lawler will meet and greet fans on Royalty Knight. On Sunday, July 30th, the Knights will host a Salute to Softball Night with a pre-game performance from the Long Haul Bombers. On Sunday, September 3rd, WWE Hall of Famers, the Rock N Roll Express, will headline the 2nd Annual Crockett Foundation Night.
Collectible giveaways this season include a unique Charlotte Knights Wiffle Bat & Ball to the first 2,000 kids courtesy of Kellogg's & Harris Teeter (April 23), a Homer The Dragon Jedi Knights bobblehead to the first 3,000 fans courtesy of BB&T (May 4), a Pink Baseball at the 12th Annual Pink Knights game to the first 2,000 ladies courtesy of Charlotte Radiology and Belk (May 6), a 125th Anniversary Charlotte Baseball Poster to the first 2,000 fans (June 6), a Stadium Replica of Griffith/Crockett Park to the first 2,500 fans courtesy of BB&T (June 27), and a 1988 Knights Retro Youth Jersey to the first 1,500 kids courtesy of Carolinas Health Care System (July 25). On Saturday, July 29th, the Knights will give away a cruise presented by AAA Travel & Carnival Cruise.
Additional theme nights on the schedule this season include, "A Salute to the Queen City Night" on June 17 and a "Carolina BBQ Battle Royale Night" on July 15th. More details on those nights to follow. For a full list of the 2017 Charlotte Knights promotional schedule, including photos, please visit the team's official website at www.CharlotteKnights.com. Tickets for all games at BB&T Ballpark this season, including the WBT SkyShow on July 4th featuring Team USA hosting the Cuban National Team, will go on sale starting at 10:00 a.m. at BB&T Ballpark on Saturday, February 25. Tickets will then go on sale online at www.CharlotteKnights.com and by phone at 704-274-8282 at 12 noon on February 25. Fans can also purchase tickets for all five games in the 2017 Charlotte Knights Collegiate Baseball Series. Tradition Never Ends.
704-728-6944
www.PetitHomeTeam.com
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