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 »
Residential Real Estate
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 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 »
Reflecting the broader national trend, institutional investor activity in home buying pulled back in the Charlotte metro area during the second quarter of 2014. In a new report released by RealtyTrac, institutional investors, or organizations that bought ten or more ...Read More »
Confidence by homebuilders approached its yearly high in August as the National Association of Home Builders/Wells Fargo Housing Index rose two points to 55, nearing a high of 56 reached in January. The monthly survey of members marked the third ...Read More »
CHARLOTTE – A Hickory man was sentenced this week to 30 months in federal prison for his role in a mortgage and consumer fraud scheme involving the sale and financing of manufactured and modular homes throughout North Carolina. Roger Dean ...
Tagged with: Andrew B. McKeown Dennis Wayne Parris Fabian Sparrow Federal Housing Administration Homes America Isaac Ike A. Vinson IV Joseph Klakulak Marina McCuen mortgage and consumer fraud Phoenix Housing Group Roger Dean Bailey Jr. W.R. Starkey MortgageRead More »