Sugar Creek Brewing Company

215 Southside Dr, Charlotte NC 28217 • Hours: Mon – Wed: 4pm – 9pm; Thursday: 4pm – 10pm; Friday: 2pm – 11pm; Saturday: 11am- 11pm; Sunday: 12pm – 8pm • Website

Sugar Creek Pale Ale and Dubbel IGSugarCreekBrewingCompany.Logo





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The Sugar Creek Brewing Company is dedicated to brewing high quality ales in a style and commitment representative of the Belgian Trappist monks. Their philosophy combines the watchful eye of a Trappist Monk with the technical precision of a nuclear engineer to craft fresh, full-flavored beer that is immeasurably satisfying and intensely drinkable. Sugar Creek infuses traditional recipes with modern tastes and techniques to create beer that nourishes both mind and body.

They have Food trucks Mondays through Wednesdays and they serve their own food fare Thursdays thru Sundays. You should definitely try a Panini, they are to die for! They usually have free brewery tours on Saturdays too!

We had the opportunity to talk with one of the owners Eric Flanigan and here’s what he has to say..

How long have you been in business?  Sugar Creek Brewing Company is just over a year old.  We’re celebrating our two year anniversary on October 15, 2016. Mark your calendars, we have some really awesome things lined up for the party.
What do you love most about being your own boss?  My favorite thing about being my own boss is coaching and developing staff.  Joe Vogelbacher (the other owner) and I also enjoy creating a positive company culture.

What makes Charlotte so special?  The people are the best! You can’t beat the Southern Hospitality found in this city.

Have you always wanted to own your own business? Yes.

For someone visiting Charlotte, what is the one must see?  If you’re visiting Charlotte you need to check out the White Water Center.  They have something for people of all ages.
What is your favorite local restaurant?  There are way too many great restaurants in Charlotte to pick just one!

Do you see yourself opening another branch on other locations?  Sugar Creek beers will be available in Greenville, SC and Columbia, SC starting on June 20th.  Raleigh and Charleston would be two other areas that would be great to have a presence in.

Why do your customers stay or do repeat business with you?  Our customers appreciate our relentless commitment to brewing high quality, great tasting beer.  In addition to that, we have a lot of repeats Tap Room customers, because our team does a great job making each customer’s experience one they take with them far beyond the brewery walls.

To what do you attribute your success?  Our success can be attributed to old fashioned hard work.  Every person working at our brewery works their tail off and goes above and beyond.

What do you look for in an employee? We look for people who are genuinely passionate about beer and their job.

What is unique about your business? Everyone at our brewery has some level of Cicerone certification. The Cicerone Certification Program certifies and educates beer professionals so they know how to serve, store, taste and pair beers.  We think beer education is extremely important. We want to be able to share that information with our beer drinkers, so they can have the best drinking experience possible.

What are your responsibilities as the business owner?  That’s a loaded question! I do more things than I can list, but I mainly focus on developing our team, overseeing distribution and wholesale account sales, coordinating production and brand presence.

The Sugar Creek Brewing Company is such an awesome brewery! Beautiful settings, delicious brews and great service. Almost everything they do is exemplary and among the best available in the area. And if you are looking for a large room to host an event, they have a side room that they can set up for your group that is an ideal place to have a reception. Sugar Creek Brewing is definitely a can’t miss if you are beer-venturing in Charlotte.

You can reach us at (704) 521-3333 or you can visit our webpage here

You may have some great feedback, and we always love to hear from our readers. If you are interested you can also search homes by CLICKING HERE. We are also able to give you a FREE analysis of the current value of your home.


Hours: Tuesday – Friday: 11:00 am – 2:00 pm, 5:00 pm – 9:00 pm; Sat: 8:00 am – 12:00 pm open for events; Sunday & Monday: Closed • Website 

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The Bleu Barn Bistro is a Farm to Truck Food Truck that specialize in serving locally-sourced meat and produce from farms that are committed to producing pesticide and hormone free produce as well as grass fed and free range beef and chicken. They cater to all dietary restrictions, including gluten intolerance, Paleo and Primal to name a few.

Bleu Barn Bistro began as the love child of Chef Tara Diamante and Chef Brenton Ebersold in May of 2014. Both Chefs have always enjoyed the seasonality of food and the freshness that this area has to offer. After meeting at Johnson & Wales in late 2008, they kindled a complimentary cooking style along with a vast variety of techniques and expertise.

We had the pleasure of chatting with Chef Tara Diamante, one of the Owner and pulse behind Bleu Barn Bistro and here’s what she have to say on the questions we have asked her.

How long have you been in business? I’ve been in the business for 2 years on June 10.

What do you love most about being your own boss? I get to have one on one connections with my customers. I get to help them create special events, and I get to see the joy on their faces when they love our product. 

What makes Charlotte so special? Charlotte is an amazing growing city. The food and beverage atmosphere is always growing, changing, and astonishing me. I love that I get to be a part of such a great culinary community. Plus the city itself is great. There is always something fun to do, the people are kind, and it’s a beautiful city to explore. 

Have you always wanted to own your own business? Not really sure. I try to let each day take me where it goes. Owning my own business was just the next chapter in my life. It was been one crazy and fun chapter though. I can’t wait to see where it takes me next.

For someone visiting Charlotte, what is the one must see? That is a hard one to narrow down. I love so much of our city. I would say you must take a stroll through uptown. See a little bit of Charlotte’s history, the Panthers Stadium, BB&T Ball Park, our wonderful parks, and so much more in such a small area or people can take a brewery tour. We have such great neighborhoods with small, pet /kid friendly breweries that are an awesome to hang out. They have great patios and almost always have a local food truck parked on the site, like Bleu Barn Bistro

What is your favorite local restaurant? Custom Shop and Good Food on Montford

Do you see yourself opening another branch on other locations? We don’t see ourselves opening another location, however we are expanding more into catering. We already offer catering from the food truck, but we would love to offer other types of catering services. We currently moved into our own new commissary space which will give us the space we need to make this next step happen. 

Why do your customers stay or do repeat business with you? Because the love and care we put into our work. We take a lot of time to source out the best local and seasonal product, which in turn makes our food super fresh and delicious. On top of good food, we pride ourselves in customer service. We take the time to get to know our customers, and their wants and needs. We know a lot of our regulars by name and what they like to eat. 

To what do you attribute your success? I attribute my success to everyone around me, and everyone who has helped me along my path so far. I try to take something from every person I meet. I specifically attribute my success to my fiancé, mother, grandma, sister, professors at culinary school, and chefs I got to work under and learn from. 

What do you look for in an employee? Dedication, attention to details, and fun to be around. Our company is very small, and customer service based and I need an upbeat professional employee who represents my company as if it is their own and they have to be fun to be around. We spend a lot of time together. 

What is unique about your business? Currently our food truck team is all women. People are always surprised when they see us kicking butt and keeping up with all the other men run food trucks around us. We work just as hard in this hot, heavy lifting, very long day industry as anyone around us. I think having women in the truck gives it that extra little touch. We have cute flower pens, our trailer is light blue and adorable, we write our regulars cute little notes on their to go boxes, and everything is clean and presented well. 

What are your responsibilities as the business owner? The list is endless: menu development and planning, customer relations, booking events, booking keeping, location scouting, human resources, product sourcing, prepping, cleaning, daily service, and so much more. I don’t expect my employees to do anything I won’t. We are a team and I am out there every day working just as hard as my team.

The Bleu Barn Bistro is definitely a great Food Truck to check out. A food truck that’s serious about delicious food that supports local farms and vendors. You will surely get what you pay for. They will celebrate their 2nd year in the business on June 10, Happy 2nd year Anniversary Bleu Barn Bistro!!!

You can reach us at (704) 941-5507 or through our contact page

We at Dupont Real Estate loves chatting with local businesses. Please get in touch or email us at if you want us to feature your local Charlotte business on our next blog article.


pure-pizza-plaza-midwood-charlotteI hope we didn’t miss your favorite place for a slice. If we did let us know!

1. Pure Pizza

Described as one of the best in Charlotte for its amazing, thin crispy crust pizza and their farm to table fresh approach. Located on the 7th Street Public Market, Pure Pizza got its name from its holistic pizza philosophy which involves a revolutionary sprouted ancient grain crust and farm-fresh ingredients. The selections are creative and unique. Outstanding server and quaint setting. They also have a very original selection of toppings. Definitely try the mozzarella with chorizo, topped with radish, cilantro and a squeeze of lime. Fantastic! The simple mozzarella with home-made pesto is out of this world.
2. Hawthorne’s Pizza

Located at the corner of 7th St, a casual, unpretentious space-some outdoor seating in a lovely part of town. This place has grown into an essential component of the neighborhood, due to the fact that Hawthorne’s has a lot of family and kid-oriented nights and specials. Relaxed family atmosphere, tasty food, friendly service & perfect location. If you get a chance and feel on the wild side, order the fried cheesecake for dessert. Awesome!
3. True Crafted Pizza

A restaurant located inside the Stonecrest Shopping Center, True Crafted is a reimaged pizza joint with something for everyone. From their signature oven baked pizza’s to their grilled pizza’s, freshly prepped ingredients and there are no pre-made pizza. You will truly enjoy the authentic Italian pizza with all your favorite toppings. Add to that, they offer a great beer selection as is their selection of Italian wines. This is a very casual place, but great for date night or family get–togethers.
4. Benny Pennelo’s

The home of the “Virginia Slice” named after where the business began. It has now moved over to North Carolina to offer Charlotteans the chance to get their hands on that whopping 28in round pie that made Benny’s famous. Benny Pannello’s is a pretty cool joint, definitely a good stop during a bar crawl or just any day you are craving pizza. The place is great, the concept is super simple. Gigantic pizza by the slice for only 5 bucks. Get a whole pie if you need to feed the Brady bunch. Just be careful. The box won’t fit in your car. You’ll need a few bungee cords to strap it to the roof!
5. Brixx Wood Fired Pizza

Brixx Wood Fire Pizza is located in the Stonebridge Shopping Center. Their claim to fame being their brick ovens which “enhance the natural flavors of our quality ingredients, giving our pizza that amazing, wood-fired taste.” Brixx also tries to appeal to all types of eaters by providing various dietary needs, vegan and vegetarian options, whole wheat crust, and gluten-free menu items. They have a good selection of salads, sandwiches and pizzas. As for pizza toppings, they have plenty of choices, combinations and various vegetarian toppings. It makes a great place for couples, groups and families.
6. Intermezzo Pizzeria and Café

This European style restaurant serves hand-tossed pizza and traditional Serbian dishes. Intermezzo offers absolutely fantastic food, authentic Greek/Serbian cooking with American alternatives provided, great drinks and great service. Not only are the servers outgoing and friendly, it is a yuppy dive fun look. Guy Fieri from the Food Network spotlighted this restaurant for its affordable, authentic and wholesome experience that simply satisfy all palates. It is highly recommended to anyone looking for an ethnic experience.
Dupont Realty would love to hear from you. If you have any comments or ideas we can share with our clients, please get in touch. If you have a question for our Real Estate Team, please email us. Your answer may be part of our next blog article.

Event: Reading: Sandra Beasley
Date: 06/03/16 @ 8:00pm – 9:30pm
Place: McColl Center for Art + Innovation
721 North Tryon Street Charlotte, NC 28202
Phone: 704-332-5535
Event: Innovation Institute
Date: 06/02/16 – 06/03/16 @ 8:30am to 5:30pm every day
Place: McColl Center for Art + Innovation
721 North Tryon Street Charlotte, NC 28202
Phone: 704-332-5535

“Think Like An Artist: Creativity, Curiosity + Courage” is designed to immerse participants in their own creative process to reveal what constrains and propels their own creativity. The 2-day program, guided by an expert facilitator and accomplished visual artists, is designed to instill the critical and innovative thinking that artists apply throughout their creative process.
Event: Open Mic Night
Date: 06/03/16 @ 7:30pm
Place: McGlohon Theater at Spirit Square
345 N. College St Charlotte, NC 28202
Phone: 704-372-1000

This is a free event open to performers and spectators of all ages. Instrumentalists, singers, dancers, storytellers, poets, jugglers, magicians and others are all welcome.
Event: Thank You Note Tea Party
Date: 06/04/16 @ 11:00am – 1:00pm
Place: Historic Rosedale Plantation
3427 North Tryon St Charlotte, NC 28206
Phone: 704-335-0325

Teaching your child to be thoughtful and considerate by teaching them how to write their own thank you notes.

Event: Picaro
Date: 06/03/16 – 06/04/16 @ 12:00am to 12:00am every day
Place: ImaginOn: The Joe & Joan Martin Center
300 East 7th Street The Wells Fargo Playhouse Charlotte, NC 28202
Phone: 704-973-2828

A combine elements of circus aerial acrobatics, comedy, mask, live music and immersive theatre from the audience.
Event: NoDa 5k
Date: 06/04/16 @ 6:00pm
Place: NoDa Brewing Company
2229 North Davidson St Charlotte, NC 28205
Phone: 888-720-5787
Event: Journey & The Doobie Brothers with Special Guest Dave Mason
Date: 06/04/16 7:00pm
Place: PNC Music Pavilion
707 Pavilion Boulevard Charlotte, NC 28262
Phone: 800-745-3000 | 704-549-5555

Event: Berewick Food Truck Festival
Date: 06/04/16 4:00pm – 7:00pm
Place: 9500 Steele Creek Road Charlotte, NC 28273
Food Trucks – DJ – Beverages – Free Face Painting – Strolling Magician – Balloon Twister – Bounce Houses – Food Truck Giveaways – FREE Trip to the Bahamas. Free and open to the public.

Event: Dudeapalooza 3: Death to Potpourri Date: 06/04/16 12:00pm – 6:00pm Place: C3 Lab 2525 Distribution Street Charlotte, NC 28203 Phone: 980-349-5803
Event: Wild on the Water Paddle Event
Date: 06/04/16 8:30am
Place: Latta Plantation Nature Preserve
6211 Sample Road Charlotte, NC 28078
Phone: 704-332-5696

Fund raising for Wildlife conservation.

Event: Charlotte Swim Week
Date: 06/04/16 @ 6:00pm – 10:00pm
Place: The Olde Mecklenburg Brewery
4150 Yancey Road Charlotte, NC 28217
Phone: 800-449-0028

Fund raising fashion show showcasing luxury swim, beach and resort wear for both men and women. Proceeds will go to families whose love one has been diagnosed with breast cancer.
Event: National Cheese Day
Date: 06/04/16 8:00am – 1:00pm
Place: Charlotte Regional Farmers Market
Charlotte Regional Farmers Market 1801 Yorkmont Road Charlotte, NC 28217
Phone: 704-357-1269

Celebrating National Cheese Day by passing out free cheese recipes. Featuring several vendors who make goat cheeses, artisan soft cow cheeses and even Italian cheeses like mozzarella
We welcome your feedback and comments at Dupont Realty. We are also able to give you a FREE analysis of the current value of your home. Please CLICK HERE to request or call 704-510-0099

Making your home pests-free from ordinary household materials!

Making your home pests-free from ordinary household materials!

Have you noticed more creepy-Crawlies in your house? The helpful experts at feel the pain, and say these tips will help you get rid of them.

Ants – Line suspected entryways with deterrents to get them in marching the other way. Natural options include cinnamon and cucumber, especially shavings from the peel.

Spiders – Focus on their food source: insects. Use an insecticide to get rid of the bugs, and the spiders will go elsewhere for dinner.

Cockroaches – Make a non-toxic trap by pouring water and soap into the bottom of the large jar. The water attracts them, the slippery surface will prevent them from going out, and the soap will kill them.

Silverfish – These slinky guys love moisture, so your best bet is to manage the humidity of all areas of your home, including basements and attics, by using a dehumidifier. Don’t forget to ventilate the bathroom when the shower, and repair any plumbing leaks or damage caulk.

Mosquitoes – Skeeters avoid certain herbs, so you can repel them naturally using herb-based oils, including cinnamon, rosemary, lemongrass, cedar, and clove or peppermint oils.

Moths – Forget smelly mothballs, moths hate mint. Dry fresh mint leaves in the sun, place the dried leaves in small fabric bags, and place the bags in rooms where you’ve found moths to get them to hit the road.

NEED HELP SELLING OR BUYING A HOME IN NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA, CALL FRANCINE at 704-506-8816 or visit . Our client’s interest is our top priority!

NAR General Counsel Katie Johnson has made a video to help educate buyers about how to avoid being caught up in a wire fraud scam during their purchase of a residence.

NEED HELP SELLING OR BUYING A HOME IN NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA, CALL FRANCINE at 704-506-8816 or visit . Our client’s interest is our top priority!



Congratulations Francine Dupont of Dupont Real Estate/KW for assisting your clients in Buying the beautiful 3 bedroom, 2 and 1/2 bath custom home! Home is move-in ready, corner lot property with lots of natural light.

If you need assistance with buying or selling a home,

call us at 704-510-0099 and visit

what is my north carolina home worth Troutman realtor Troutman North Carolina Troutman Listing Broker Troutman Homes Top North Carolina realtors Real estate agent in North Carolina North Carolina Realtor North Carolina Real estate North Carolina Listing Agent North Carolina Houses North Carolina Homes North Carolina Broker North Carolina best realtors Move-in ready Living a lifestyke in Troutman Listings in north carolina leading North Carolina realtors Homes NEAR LAKE NORMAN STATE PARK HICKS CREEK ROAD Francine Dupont 7045100009 Dupont real estate Corner Lot


Our client’s interest is our top priority!

Francine Dupont, Broker, ABR, CPERS, CRS, GRI, ePro, Realtor Licensed in NC, SC, VA

BROKER – REALTOR® Serving North Carolina, South Carolina and Virginia :::704.510.0099::: Dupont Real Estate®

Copyright © 2016 By Francine Dupont©. All Rights Reserved.

Legal Stuff: This article (Contents) reflects the opinion of the author and it is not to be considered legal advice. The author is not an attorney or a CPA. If you are in need of legal or tax advice, it is recommended that you to contact a trusted professional advisor.

paint matters
One of the easiest and least costly ways to make a dramatic change in your interior décor, repainting a room is often just what’s needed to change your home’s look and feel. However, your great design inspiration can be shortchanged if you choose low-quality paint. Here are five compelling reasons to spring for the best quality coating, courtesy of the experts at the Paint Quality Institute:

Better color retention. If you’re painting to change the color of a room, then you surely want your new hue to last. Top quality, 100-percent acrylic latex paint helps keep your colors true to their day-one appearance. Bargain paints? They tend to pale by comparison.
Better stain resistance. Nothing can ruin a new paint job quicker than a nasty stain – whether it’s due to a careless spill, dirty fingerprints, or something totally unforeseen. If you spend a little more for a quality acrylic latex paint, think of it as buying some insurance against these color calamities. This type of paint is highly resistant to many of the most common stains, especially in higher sheen levels, such as semi-gloss or high-gloss paint.
Paint and primer in one. Top-quality, 100-percent acrylic latex paint offers an important performance advantage over all lower quality, non-acrylic coatings: Many are “self-priming” – in other words, they do double-duty as both primer and paint. Just think how much time and effort you’ll save by having to apply fewer coats!

Good adhesion to various surfaces. Should your painting project involve several different materials, such as wallboard, wood, vinyl, or metal (think not just walls, but doors and trim, too), you’ll be able to paint them all with high-end acrylic latex paint. Go with lower-grade paint and you might have to buy several different kinds of coatings, complicating your decision-making and possibly adding to the cost of the job.
Best overall durability. Let’s face it, while interior painting can be a fun project, most of us are more than happy to put away the brushes and rollers, sit back, and enjoy the new colors. Quality acrylic paint offers exceptional durability, which will keep your room looking great until the next paint inspiration takes hold!


1528 Reflection Pointe Boulevard, Belmont NC 280121528 Reflection Pointe Boulevard, Belmont NC 28012

Reflection Pointe Lot For Sale!

1548 Reflection Pointe Blvd. Gorgeous Gated Community in Belmont, NC.

Enjoy beautiful sunsets from your backyard at 1548 Reflection Pointe Blvd. This lot comes with approximately 106’ of waterfront. The lot is dock able and is regulated by Duke Energy.

The gated community amenities are an immaculate gated entrance, stunning club house, sparkling pool with wading area. There are several walking paths with water fountains, gazebo at the water’s edge and a sports field. There is a community dock and recreation area. The recreation area has not only docks, but a beach and picnic area. Approximately 360 home sites located on Lake Wylie part of the Catawba River Basin.

Reflection Pointe is located just outside the quaint North Carolina town of Belmont, home to Belmont Abbey College. You can enjoy Friday Night Festival in the historic district with arts, crafts and live music. Quick access to I85 will get you into Charlotte in 30 minutes or to Charlotte Douglas Airport in 20 minutes.

Don’t miss your opportunity to own 1548 Reflection Pointe Blvd. Bring your own builder and your imagination!


When to buy a house?

Best time to buy a house is NOW
17:02 EDT, July 11th, 2013

WSJ – now is the best time to buy a house

The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s largest metropolitan areas found that home values declined in all but five markets compared with the second quarter, according to data from Zillow Inc. Meanwhile, rent levels have risen briskly across the country and mortgage rates, hovering around 4%, are the lowest in six decades. As a result, monthly mortgage payments on the median priced homeincluding taxes and insuranceare lower than the average rent levels in 12 metro areas, according to data compiled for The Wall Street Journal by Marcus & Millichap, a real-estate brokerage that tracked 27 metro areas. It remains less expensive to rent than to buy in 15 cities. In Atlanta, which had the most favorable values for owning versus renting, the monthly payment on the average home was $539 assuming a 20% down payment during the third quarter. By contrast, the average asking rent stood at $840, according to the Marcus & Millichap data.

Other cities where owning is now cheaper than renting include Detroit, Minneapolis, Orlando, Las Vegas, Miami, St. Louis, Chicago and Phoenix. Home ownership is also looking more affordable because after several years of declines, apartment rents will rise by around 4% this year, says Mr. Nadji. He says rents are poised “to pick up even more momentum across the country next year.” Even cities where it is still cheaper to rent than own have seen big boosts in affordability. In San Diego, the monthly cost of owning a home has averaged around 83% more than renting over the past two decades. During the third quarter, owning was 22% more expensive than renting, according to John Burns Real Estate Consulting.

Mortgage rates are a big reason why affordability continues to improve. In 1991, a $1,700 mortgage payment allowed a borrower to take out a $200,000 mortgage. Today, it gets that homeowner a $350,000 loan, a 77% increase in borrowing power, says Dan Green, a loan officer with Waterstone Mortgage, in Cincinnati.

Affordability could continue to improve as prices slide even lower in coming months. Price declines are likely because the share of “distressed” sales, including bank-owned foreclosures, tend to rise in the winter, when traditional sales activity cools. Banks are often much quicker to cut prices to unload properties quickly, which means that the greater the share of “distressed” sales, the more prices tend to fall.

One hopeful sign that it’s time to buy a house is that inventories have fallen from their bloated levels of one year ago. All 28 cities in The Wall Street Journal’s latest survey saw homes listed for sale fall from one year ago, when markets were reeling with a substantial overhang of properties amid a big drop in demand. Visible inventory was down sharply in several markets, including by almost half in Miami and 40% in Phoenix. Low inventories have spurred more bidding wars at the low end of the market as investors compete for homes that they can convert into rentals. In Sacramento, it would take just 2.5 months to sell the listed inventory at the current sales pace. Las Vegas has a 4.3 month supply of inventory, according to John Burns Real Estate Consulting. But the potential supply of homes is much bigger because banks have yet to process hundreds of thousands of potential foreclosures.

Black Friday sales boom

Sales rose an estimated 6.6% to a record $11.4 billion on Black Friday, typically the busiest shopping day of the year for Americans, while the traffic at stores rose 5.1%, according to ShopperTrak. The day’s sales growth was the strongest percentage gain since 2007, when sales rose 8.3% on the day after Thanksgiving, said Ed Marcheselli, chief marketing officer at ShopperTrak, which monitors retail traffic. As usual on Black Friday, retailers used deep discounts on popular items such as toys and televisions to lure shoppers as the holiday shopping season began. Some started sales as early as Thanksgiving night to get a jump on their rivals. While the Black Friday rise was a “positive indicator for the holiday season,” Marcheselli cautioned it is just one day. ShopperTrak has estimated that sales for all of November and December will rise about 3 to 3.3%.

The National Retail Federation, an industry trade group, expects

152 million people to hit stores this weekend, up 10.1% from last year. But it expects sales for the full November-December holiday season to rise just 2.8%, well below the rise of 5.2% in 2010. – mortgage rates down

The 30-year fixed-mortgage rate has averaged at or below 4% for four consecutive weeks now. For the week ending November 23, Freddie Mac’s study puts the average 30-year rate at 3.98% (0.7 point). That’s down from 4.00% the week prior. The only time Freddie has recorded a lower 30-year rate average was for the

week of October 6, 2011, when it came in at 3.94%. The 15-year

fixed-rate mortgage posted an average of 3.30% (0.7 point) in Freddie Mac’s latest survey. It was 3.31% last week. The 5-year ARM is averaging 2.91% (0.6 point), down from 2.97% last week. The 1-year ARM slipped from 2.98% to 2.79% (0.6 point) this week. Rates for both ARM terms are the lowest ever recorded by the GSE. “Mortgage rates eased slightly this week with fixed-rate loans hovering above all-time lows and ARMs reaching a new nadir,” commented Frank Nothaft, Freddie Mac’s chief economist. He says the high-degree of home-buyer affordability in recent months translated into a 1.4% pickup in existing home sales during October, as measured by the National Association of Realtors. Nothaft noted, however, that the trade group also reported a sharp increase in contract cancellations in October, with a third of its members seeing at least one contract fall through during the month. This “restrained sales from achieving a stronger rebound,” according to Nothaft.

Morgan Stanley cuts growth forecast

The continuing uncertainty over debt troubles in Europe and the US has increased the downside risks to global growth, according to Morgan Stanley. The bank downgraded its forecast for global growth next year to 3.5% from 3.8%, just three and a half months after it cut its forecast from 4.5%. “Our economics team in Europe now expects a recession in Europe while the US economy is expected to continue growing below its trend,” said Morgan Stanley. It also cut its 2012 growth estimate for Asia ex-Japan to 6.9% from 7.3%. “Since we downgraded our regional growth outlook in August 2011, we have been constantly worried about the increasing downside risks to growth. In addition to further evidence of weakening domestic demand, the external environment in Europe has made us more concerned about the region’s growth outlook,” economists at Morgan Stanley said in a research note today.

Even Asia, which has so far escaped the global slowdown is likely to be dragged down, according to Morgan Stanley. The bank noted that the regions’ deep trade and financial linkages with the rest of the world made it vulnerable to deep shocks in the global economy. “The prospects of further fiscal tightening and weaker domestic demand in Europe will translate into weaker external demand growth for the region,” it said. “The slowdown in final demand in the developed world will likely be amplified on the region’s cross-border production network, leading to a significant slowdown in export growth across the region in 2012.”

Morgan Stanley noted this was already starting to happen. Asian exports, which “have been flat on a sequential basis since Mar 2011, have also begun to decline on a sequential basis in the last two months.” Asia’s domestic indicators, such as auto, retail and property sales as well as manufacturing activity (PMI) were also pointing to a deceleration, the bank said.

Home prices to fall another 6%? Buy a house now

Analysts with JPMorgan claim home prices will fall another 4% by year-end, resulting in a 35% peak-to-trough decline once a bottom is reached. When looking at just non-agency residential mortgage-backed securities, the report says “market volatility, lack of liquidity and stagnant fundamentals” will remain drags on the entire segment in 2012. In non-agency residential mortgage-backed securities, the authors also noted slowing activity on the modification front. “We continue to recommend fixed-rates and select seasoned hybrids,” the report said. The JPMorgan report also is careful when forecasting the performance of commercial mortgage-backed securities in 2012. “Our outlook for 2012 is cautiously optimistic, as market conditions continue to weigh on what we believe remains cheap fundamental credit risk. Private label and agency CMBS supply should reach $35 billion and $32 billion, respectively,” the report said.

At Dupont Real Estate, we are market experts. Let us be your experts when buying or selling a home in the Charlotte or Lake Norman area. Rest easy knowing you have our guidance and experience in the real estate market.