CORNELIUS – An independent consultant’s report forecasts that the town of Cornelius would save resources and money and would grow in population more conservatively if the town adopts a proposed new land-use plan to replace the 17-year-old one now in ...Read More »
While the Charlotte real estate market remains affordable relative to many other U.S. markets, there is growing evidence that many middle class, professional families cannot afford to buy a home.
Tagged with: affordable housing Nation Association of Realtors Charlotte-Mecklenburg Housing Partnership Cottingham Chalk Hayes Dustin Read Julie Porter Keith Thompson Lawrence Yun Mayor Patsy Kinsey Minnie HIgh National Association of Home Builders NeighborhoodWorks America Peggy Peterson Prudential Carolinas Realty Re/Max Metro Realty Svenja Gudell UNC Charlotte Wells Fargo ZillowRead More »
While the federal government shutdown is not having a direct impact on Charlotte businesses, it is creating uncertainty in the business community, according to panelists at The Mecklenburg Times Women’s Business Breakfast Forum. “With the shutdown and debate about the debt ceiling, people are waiting to make decisions,” said Natalie Haskins English, senior vice president of public policy for the Charlotte Chamber of Commerce.
Tagged with: Astrid Chirinos Bank of America bank of the ozarks Byron's South End Central Piedmont Community College Charlotte Chamber of Commerce Charlotte-Mecklenburg Schols Cindy Wolfe CREW Charlotte Denise Dexter Diverso Global Strategies Latin American Chamber of Commerce of Charlotte Lincoln Harris Mecklenburg Times Women's Business Breakfast Forum Natalie Haskins EnglishRead More »
It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.
Tagged with: Atlantic Bay Mortgage Bank of America Charlotte Metro Credit Union Charlotte real estate and banking Charlotte Regional Realtor Association David Stevens Eric Locher government shutdown John Wines Mortgage Bankers Acociation National Association of Homebuilders National Association of Realtors Nicol Morris rick judson Terry FranciscoRead More »
Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.
Tagged with: American Homes for Rent blackstone group Eric Locher invitation homes j.c. underwood Metrolina Real Estate Investors Association Nancy Braun national association of real estate investment trusts national real estate investors association oakmont homes RealtyTrac rentrange robert shiller The American Home Tom PearsonRead More »
The job market is sending signs that it may be strengthening. The number of people seeking unemployment benefits has sunk to its lowest point in six years because few companies are laying anyone off anymore.Read More »
The stock market moved sharply lower Friday as investors worked through a mediocre jobs report and monitored the simmering tensions over Syria. After opening slightly higher Friday, stocks quickly lost momentum and turned negative after the first ten minutes of trading.Read More »
The stock market rose Thursday as investors weighed positive economic reports against worries about Syria. The Dow Jones industrial average added 81 points, or 0.6 percent, to 14,906 in midday trading, while the Standard & Poor's 500 index was up 11 points, or 0.7 percent, at 1,646.Read More »
Traditional economic theory says people follow jobs. In the Queen City over the last four to five years, however, jobs have either decreased or remained relatively stagnant while the city continues to attract migrants, said Bill Graves, assistant professor of economic geography at the University of North Carolina at Charlotte.Read More »
Lowe's second-quarter net income rose 26 percent as Americans feeling good about sprucing up their homes again snapped up indoor and outdoor home products and supplies. The second-largest home-improvement chain's results beat Wall Street expectations.Read More »