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No way on the highway (access required)

By Sharon McCloskey
Published: May 17,2012

The notion of a bypass around U.S. 74 from Charlotte into Union County had been kicking around for years before the newly formed Turnpike Authority in 2007 proposed the construction of a 20-mile toll road that would run parallel to U.S. 74, skirt Monroe and connect to the Interstate 485 beltway southeast of Charlotte.


SouthPark residents upset over proposed hotel

By Scott Baughman, staff writer
Published: May 15,2012

CN Hotels' project has ticked off residents, who say it will be too tall, encourage too much commercial development in their neighborhood and be too dense of a development for a residential area.


Watchdog considers flat fees for mortgage processing

By The Associated Press
Published: May 14,2012

Regulators might ban origination fees that vary with the size of the loan, known as “origination points.” They also might limit the use of “discount points” that are supposed to result in lower interest rates, the Consumer Financial Protection Bureau said.


Allen Tate 17th on Real Trends 500 (access required)

By Scott Baughman, staff writer
Published: May 14,2012

Compared with 500 other U.S. real estate firms, last year Allen Tate Co. was 17th for number of closed sides, according to the 2012 Real Trends 500 report. That ranking put Allen Tate ahead of the other Carolinas firms included on the report.


Green takes on a new role with Charlotte Habitat (access required)

By Bea Quirk, contributing writer
Published: May 11,2012

This month, Bert Green is stepping down as CEO of Charlotte Habitat for Humanity and, instead, will serve as director of strategic initiatives, a newly created position.


Wait Limits (access required)

By Scott Baughman, staff writer
Published: May 11,2012

Some relief appears to be on the way for agents and sellers of short-sale properties. Last month, the federal government announced new guidelines affecting short sales of homes that are backed by Fannie Mae and Freddie Mac.


Mandatory rental registration plan headed for City Council vote (access required)

By Scott Baughman, staff writer
Published: May 11,2012

Last week, in a 4-0 vote, the council’s public safety committee gave its support to the proposal, which calls for rental property owners to give the Charlotte-Mecklenburg Police Department their contact information, including business and home addresses and phone numbers.


Fannie Mae earns $2.7B in 1Q (access required)

By The Associated Press
Published: May 11,2012

U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it earned net income attributable [...]


Charlotte Regional Realtor Association: Charlotte-area home sales, prices rose in April

By Mecklenburg Times staff reports
Published: May 9,2012

There were 2,170 closings in the month, up 15.3 percent from 1,882 in April 2011. Meanwhile, the average sales price increased to $214,779, up 5.6 percent from $203,442 in the same month last year.


Apartment industry cries out for more student rentals (access required)

By Scott Baughman, staff writer
Published: May 7,2012

Across Charlotte, the apartment industry is keeping an eye on Aspen Heights. Aspen is seeking approval for a type of housing that would be new to Charlotte: stand-alone homes – with multiple bedrooms, that could be rented for five months or more. Aspen is hoping to cash in on students, particularly those attending UNC-C, where enrollment has been rising.