Three more people were sentenced Wednesday on federal racketeering charges that resulted from a massive mortgage-fraud investigation begun in the Charlotte area in 2007. According to an April 2013 indictment, they were among 26 charged in various conspiracies, including mortgage ...Read More »
CHARLOTTE — In a visit to Charlotte, where local leaders say prosperity is linked to infrastructure investments, Vice President Joe Biden on Thursday reiterated the administration’s call to invest billions in highways, bridges and passenger rail service to promote long-term ...Read More »
The share of homebuyers using low down-payment loans dropped last year to its lowest level in a decade. Some 25 percent of buyers with conventional or Federal Housing Administration-insured mortgages put less than 3 percent down when purchasing a home ...
Tagged with: RealtyTrac down paymentRead More »
CHARLOTTE – The City Council on Wednesday heard the public’s opinion on a proposal to build 30 affordable-housing apartments in the Cherry neighborhood and the planned redevelopment of an aging shopping center in south Charlotte. The council also deferred several ...Read More »
Crescent Communities recently announced that a Whole Foods Market will be part of its mixed-use development at Stonewall and South Caldwell streets, bringing to uptown its first full-size grocery store. The Charlotte-based developer plans to break ground on the project ...Read More »
The Charlotte metro area underwent a frenzy of foreclosure activity last month, posting large increases in scheduled auctions and bank repossessions. However, that doesn’t mean a wave of distressed properties hitting market will hamper home-price appreciation in the Charlotte-Concord-Gastonia region ...Read More »
Cash sales made up 36.1 percent of total home sales nationally in November, down from 38.8 percent in November 2013. The year-over-year share has fallen each month since January 2013, making November the 23rd consecutive month of declines, according to ...
Tagged with: CoreLogic cash sales November 2014Read More »
Median sales prices for existing single-family homes in the Charlotte area increased at a faster clip between the fourth quarters of 2013 and 2014 than all but 12 of the 175 metro areas included in a report released Wednesday by ...Read More »
Several developers are seeking rezonings for multifamily housing and mixed-use projects in Charlotte. The Charlotte City Council will hold hearings on the requests April 20. Two Capital Partners of Atlanta wants to build an apartment complex of up to 291 ...Read More »
A state contractors’ group is taking action to better educate construction workers about safety on the job in response to an increased number of construction deaths in 2014. There were 19 construction fatalities in North Carolina last year, which accounted ...Read More »