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Government shutdown: Impact small so far on Charlotte housing, banking (access required)

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.

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Wall Street taps Main Street: Investment firms looking for return on Charlotte’s rental homes (access required)

Wall Street taps Main Street: Investment firms looking for return on Charlotte’s rental homes <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

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.

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Stronger economic reports push stock market higher (access required)

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.

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Deconstructing economic theory (access required)

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.

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