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.
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.
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.
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.
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.
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.
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.
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 [...]
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.
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.