The Charlotte metro area continues to chip away at its foreclosed housing stock month by month. CoreLogic reports that 1.5 percent of all mortgaged homes were in some state of foreclosure in November, as compared with 1.7 percent of properties ...Read More »
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CONCORD – It may be billed as the number one shopping and entertainment attraction in the Carolinas, but actually getting to the Concord Mills mall can be quite a headache. Now officials in Concord are looking at ways to alleviate ...Read More »
An affiliate of Charlotte-based Mountain Real Estate Capital, MF Polo Glen LLC, has sold 145 condos in Plantation, Fla. for $16.8 million. The garden-style community was purchased by JWC Plantation, a company based in Providence, R.I. MF Polo originally purchased ...Read More »
Park Avenue Properties, based in Cornelius, recently purchased the residential property management assets of Barnett Real Estate. With the acquisition, Park Avenue increases its management portfolio by adding 212 Charlotte area rental properties. Sam Barnett, president of Barnett Real Estate, ...Read More »
Charlotte homeowners could see their insurance rates rise by 17 percent under a proposal insurance companies filed with the state last week. The N.C. Rate Bureau, which represents companies providing homeowners insurance in North Carolina, sent the request to the ...Read More »
Charlotte area home prices increased 6.6 percent in November 2013 year-over-year and 0.4 percent from October to November, according to CoreLogic’s Home Price Index Report. The data looked at existing single-family attached and detached homes as well distressed sales including ...Read More »
JLB Partners, a national developer and builder of multifamily properties, has sold Junction 1504 at Mainline Boulevard in South End to institutional investor Invesco Real Estate for $59 million. The 254,811 square foot Class AA apartment community has 281 one ...Read More »
The site of a bloody and controversial 1929 labor strike in Gaston County is set to start a second life, as developers revitalize an abandoned mill in west Gastonia. Built in 1900, the Loray Mill was billed as the South’s ...
Tagged with: Berkadia Billy Hughes Ed Munn Federal Housing Administration Gastonia Historic Preservation Partners Jack Kiser labor strike Loray Mill Loray Mill Historic District Myrick Howard National Register Preservation North Carolina rehabilitation renovation Ted AllenRead More »
Come Jan. 10, it may become more difficult for homeowners to obtain a mortgage. That’s when a host of new rules come into effect. Most notable among the changes for borrowers will be the ability-to-repay and qualified mortgage rules that ...
Tagged with: American BAnkers Association Bank of America Consumer Federation of America Consumer Financial Protection Bureau Dodd-Frank Wall Street Reform and Consumer Protection Act Elizabeth Eurgubian Fannie Mae Freddie Mac Independent Community Bankers of America Mel Watt Richard Cordray Terry FranciscoRead More »
The North Carolina Real Estate Commission has been busy over this holiday season, issuing three disciplinary actions. Greenpoint of the Carolinas, a property management and general brokerage services firm on Pineville-Matthews Road in Charlotte, was stripped of its license and ...
Tagged with: Attorney General Roy Cooper Cannonsgate disciplinary actions Five Star CArolina Realty Gary Allen Greenpoint of the Carolinas Karen H. Grace Lynsey Weber Mike Easley North Carolina Real Estate Commission property management and general rokerage services firm R.A. North Development Inc. Randy Allen Ruffin Poole Southeastern Waterfront Marketing Inc. stripped of license Terrence Dorsey voluntarily license surrenderRead More »