RALEIGH – North Carolina municipal residents could no longer have access to a formal process that makes it harder for city councils to pass zoning changes in legislation approved Thursday by a House committee. The legislation supported by home-building and development ...Read More »
INDIAN LAND, S.C. – RedStone, a 40-acre retail development planned for U.S. Highway 521 in Lancaster County, has named its first tenant: a 58,000-square-foot, 14-screen Stone Theatres multiplex. At build-out, RedStone will include as much as 225,000 square feet of ...Read More »
Mecklenburg County and the Charlotte metro area saw mixed results in a survey of scheduled auctions and bank repossessions on foreclosed properties last month, according to real estate information and analytics provider RealtyTrac. Bank repossessions in the county dropped 58 ...
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CHARLOTTE – Affordable housing in the Cherry neighborhood got a boost this week after the City Council approved rezoning petitions for the area. The council also approved a commercial project, deferred a decision on an office building and multifamily development ...Read More »
CHARLOTTE – Several developers have filed rezoning requests with the city in order to build and redevelop multifamily complexes. The city will hold public hearings on the petitions May 18. DPJ Residential is seeking to build 105 apartments on several ...Read More »
Homebuyers across the nation put down an average of 14 percent of the purchase price when buying a home last year. That translated into an average down payment of $32,141, according to RealtyTrac, which analyzed loan and sales data on ...
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WASHINGTON — Construction of new homes plummeted in February, as fierce winter weather froze housing starts in the Northeast and Midwest. The Commerce Department said Tuesday that builders began construction at a seasonally adjusted annual rate of 897,000 homes in ...Read More »
The National Association of Realtors reported Monday that a gap is widening between household rental costs and household income in much of the nation, leading to “unsustainable levels” and made worse by a paucity of new-home construction. However, the Charlotte ...
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Lawmakers are considering a bill that would make the North Carolina Department of Transportation pay for offering unfairly low buyout prices to property owners facing condemnation. The legislation proposes several changes that state condemnation lawyers “have been waiting and wishing ...Read More »
MARVIN – A developer’s public records request has led to tensions between some village officials after the company questioned the fairness of the village’s planning process. Developer Raley-Miller Properties requested emails, audios and other documents from the village shortly before ...Read More »