House flippers in the Charlotte region saw decreases in their gross profits and returns on investment in the fourth quarter when compared with the third quarter. The average gross profit for the Charlotte-Concord-Gastonia metropolitan statistical area was $41,678 in the ...Read More »
The N.C House recently filed a bill that would strip the authority of cities and towns to take on planning and zoning responsibilities for land outside their limits, and instead hand that authority over to counties. The state’s extraterritorial jurisdiction ...Read More »
The N.C. Court of Appeals has taken a different tack in a recent holding that a guarantor may be entitled to a statutory defense in a deficiency action that previous opinions had held was available only to those with a ...Read More »
WESLEY CHAPEL – Property owners seeking de-annexation from the town are putting pressure on the Village Council to establish more flexible zoning codes that would allow for denser residential development, and a state senator has said he will file a ...Read More »
Home prices in the Charlotte market rose 3.6 percent in December from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index. Charlotte metro prices inched up 0.2 percent in December from November. The year-over-year increase was the ...
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U.S. housing starts rose nearly 19 percent in January when compared with a year earlier, but were down from December, according to data provided by the U.S. Census Bureau and the Department of Housing and Urban Development. Groundbreakings for all ...Read More »
Institutional investors bought fewer homes in the Charlotte area during 2014 than the prior year, but snagged a greater share of the ones available, according to data released Friday by RealtyTrac, a California-based real estate information provider. RealtyTrac reported that ...
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WASHINGTON — U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted ...Read More »
A Charlotte City Council committee on Thursday received an update on plans to redevelop the site of the former Eastland Mall. The city bought the 80 acres in 2012 for $13.2 million and embarked on a study in September to ...Read More »