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 »
ROCK HILL – The Knowledge Park Leadership Group met Friday morning for the first time since November to discuss what it hopes to accomplish this year regarding Rock Hill’s long-term development project, Knowledge Park. The city is hoping the project ...Read More »
Four people were sentenced this week for their roles in a massive mortgage-fraud conspiracy that prompted an investigation in the Charlotte area in 2007. Dubbed Operation Wax House, the probe included federal allegations of mortgage fraud, investment fraud, securities fraud, ...Read More »
The N.C. Business Court has dismissed a development company’s claim that its contractual partner in the development of property in Holly Springs interfered with its business by not completing a thoroughfare. That counterclaim was made by Springs Investors LLC in ...Read More »