The housing market is in a morass largely caused by the plight of Generation X homeowners. In a new report on homeowner equity, Zillow finds that homeowners aged 39 to 49 got hit hard by the financial crisis and are ...Read More »
The Charlotte metro area’s inventory of homes in the foreclosure process is well below the national average, but still the number of homeowners who are seriously delinquent in their mortgage payment is stuck at 3.7 percent of all mortgaged properties, ...
Tagged with: CoreLogic July National Foreclosure reportRead More »
Chris Mobley knows a lot about toilets. The 35-year-old sales executive at Wisconsin-based Kohler Co. recently found himself sharing his skills inside the company’s 45-foot long retrofitted “Trust the Flush” tour bus in Charlotte. Onlookers viewed the intricate workings of ...Read More »
The median sale price for a Charlotte area home reached a new high in July, according to RealtyTrac, a housing data and analytics provider based in Irvine, Calif. The median sale price for both distressed and nondistressed properties reached $171,000 ...Read More »
CHARLOTTE – The president and co-owner of Boggs Paving Inc. pleaded guilty on Thursday to one count of conspiracy and one count of money laundering conspiracy; an additional 27 counts will be dismissed. Boggs was released on bond and will ...Read More »
CHARLOTTE – Assistant City Manager Ron Kimble was smiling as he told the City Council Monday night that negotiations with the Hornets basketball franchise had trimmed a request for $47.8 million in renovations to the city-owned Time Warner Cable Arena ...Read More »
July sales of existing homes across the country rose to their highest annual pace of the year – with the South leading the way – while the ongoing decline in distressed sales reached an important milestone. But a National Association ...Read More »
CHARLOTTE -The Charlotte Housing Authority has received funding and tax credits that will allow it to build 92 one-bedroom units. The authority, through its affiliate Horizon Development Properties, has been given $8.8 million in federal tax credits from the U.S. ...
Tagged with: affordable apartments Charlotte Housing Authority Fulton Meachem Horizon Development Properties N.C. General Assembly North Carolina Housing Finance Agency U.S. Department of Housing and Urban DevelopmentRead More »
A new national report issued by the U.S. Commerce Department found that in July new housing starts increased significantly to an eight-month high, after two months of disappointing results. But do the numbers reflect a sustained rebound or a momentary ...Read More »