November marked the fifth consecutive month of year-over-year improvement with an 8 percent increase statewide in existing home sales when compared to the previous year.
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First mortgage and bank card default rates rose to 2.17 percent and 4.91 percent in November, up from 2.08 percent and 4.85 percent in October, according to data from S&P Indices and Experian.Read More »
Charlotte native Reggie Daniel took a circuitous career route before ending up in foodservice consulting and facility design. He played keyboards in a Charlotte rock ‘n’ roll band in the 1960s, restored classic cars, was an aspiring political cartoonist and studied graphic design -- all before launching Charlotte-based Daniel Design Inc. in 1985.Read More »
In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.Read More »
Foreclosures continued to be a dominant theme in the Charlotte real estate market in 2011. Although Irvine, Calif.-based real estate data tracking firm RealtyTrac has recorded fewer foreclosures in November than October, the final data on the number of homes foreclosed in Mecklenburg County in 2011 hasn’t been compiled yet.Read More »
Linda Holden was newly divorced, going to school part time, and raising two kids. “I needed to make some money,” she said.” It was the early 1970s, and at the time she was living in an apartment complex in Endicott, N.Y. Desperate for work, she asked the apartment complex’s owner, who was also a developer and builder, for a job.
Tagged with: EconomyRead More »