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Construction and Real Estate

Foreclosure pause makes some fearful; others see bright side

As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect on the country’s already battered economy and real estate market. ...

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Hurdles remain to plug county’s affordable-housing gap (access required)

According to the Out of Reach 2010 report from Washington, D.C.-based National Low Income Housing Coalition, more than 40 percent of renters in Charlotte cannot afford the fair-market rate for a two-bedroom rental unit. The report says a Charlotte renter ...

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Waiting Game (access required)

With so much talk about subprime mortgages, a housing bust and foreclosures, it might be hard to believe that home values have increased since the last time Mecklenburg County had a tax revaluation. Believe it, said Chuck Hicks, revaluation manager ...

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Mortgage rates drop to record lows

Average mortgage rates dropped this week to lowest levels on record, according to Charlotte-based LendingTree. As of Tuesday, average home loan rates offered by LendingTree network lenders dropped week over week to 4.35 percent for 30-year fixed-rate mortgages, 3.81 percent ...

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