It’s a great housing market in Charlotte – if you have money. While new home construction was up slightly in the fourth quarter, median incomes are not keeping up with home-price appreciation and the rising cost of land, labor and ...Read More »
Reversing its own opinion from just seven months ago, the North Carolina Court of Appeals held recently that wrongfully maintaining encroaching structures – not only constructing new ones – does, in fact, constitute a daily trespass. After taking a second ...Read More »
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 ...
Tagged with: RealtyTracRead 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 ...
Tagged with: NC General AssemblyRead 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 ...Read More »
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 ...Read More »