According to the S&P/cast Shiller Home Price Index, Charlotte’s home prices improved in March by .3 percent. That’s good news. And, in Myers Park there was more activity recently….as of the end of May there were 7 properties that had gone under contract, and 10 that had closed during the month. Of these, 5 were listed at $500,000 or less, and 5 were listed for more than $500,000 (and of these five, three were over $1 million). But, there are 213 active single family listings in Myers Park, of which 83 are listed for over $1 million. So in this high end market, the market absorption rate is still not good at all.
On another note, interest rates went up recently which will not help the real estate recovery, although rates are still historically low.
The headline of today’s The Charlotte Observer highlights another factor affecting the Charlotte real estate market “Charlotte loses clout at Wells”. Whereas Wachovia had nearly all it’s top excutives based in Charlotte, now five months into the Wells Fargo-Wachovia merger there is just one executive in the city. These top executives obviously commanded top salaries. Although some of the others are still with the organization they have been “bumped further down the corporate ladder”. Also the investment bank, another source of high paying jobs, is projected to have 75 additional jobs eliminated. This does not bode well for the high end real estate markets in town.
Avg. Sales Price: 1
Avg. Days on Market: 1
Free Market Alerts 
RBC Bank President Gordon Nixon – Salary $11.73 Million
$100,000 – MISTAKE (FISHERMEN’S LOAN)
I’m a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.
There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn’t familiar with these type of loans. She never informed me verbally or in writing about this new criteria.
Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca
http://www.pfraser.blogspot.com
http://www.corporatebully.ca
http://www.youtube.com/CORPORATEBULLY
http://www.p2pnet.net/story/17877
“Fighting the Royal Bank of Canada (RBC Bank) one customer at a time”
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