Mecklenburg County ranks among the ten worst counties in the United States when it comes to affordability and accessibility for low-down-payment borrowers, including first-time and boomerang homebuyers. According to RealtyTrac, the Charlotte-Gastonia-Concord region came in 363rd out of 370 counties ...Read More »
Finding guidance from out-of-state court decisions in considering a first-impression issue, the South Carolina Court of Appeals held on June 17 that without supporting documentation, a loan purchaser is barred by the hearsay rule from giving testimony regarding the loan’s ...Read More »
Home construction is strong both nationally and locally, but increased demand for homes in the Charlotte region’s high-growth areas and higher development costs are jacking up new-home prices. The number of building permits issued during the first three months of ...
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The Consumer Financial Protection Bureau has proposed a delay for the new Truth in Lending Act and Real Estate Settlement Procedures Act integration rule that will affect disclosure requirements and closing processes. The CFPB has proposed that the new rule ...Read More »
ROCK HILL — The city could break ground on the first phase of its Knowledge Park redevelopment project as early as the end of the year, now that it’s put to rest a revised finance agreement with York County. Knowledge ...Read More »
The N.C. House of Representatives has passed a bill reducing the tax residential builders owe on unsold inventory. House Bill 168 bill is now in the Senate for consideration. The bill seeks to exempt from tax a property’s increased value ...Read More »
WASHINGTON — More Americans bought homes in May, a sign of economic strength that is pushing up average prices. The National Association of Realtors said Monday that sales of existing homes climbed 5.1 percent last month to a seasonally adjusted ...Read More »