Charlotte’s reputation as a financial powerhouse can be traced back to a 12-year-old boy in Midland. One spring Sunday in 1799, Conrad Reed went fishing in Little Meadow Creek and took a liking to a 17-pound, wedge-shaped object jutting from ...Read More »
Residential Real Estate
WASHINGTON — U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco. The Standard & Poor’s/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 months earlier, roughly the ...
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Mecklenburg County ranks among the ten worst counties in the United States when it comes to affordability and accessibility for low-down-payment borrowers, including first-time and boomerang homebuyers. According to RealtyTrac, the Charlotte-Gastonia-Concord region came in 363rd out of 370 counties ...Read More »
Finding guidance from out-of-state court decisions in considering a first-impression issue, the South Carolina Court of Appeals held on June 17 that without supporting documentation, a loan purchaser is barred by the hearsay rule from giving testimony regarding the loan’s ...Read More »
ROCK HILL — The city could break ground on the first phase of its Knowledge Park redevelopment project as early as the end of the year, now that it’s put to rest a revised finance agreement with York County. Knowledge ...Read More »
The N.C. House of Representatives has passed a bill reducing the tax residential builders owe on unsold inventory. House Bill 168 bill is now in the Senate for consideration. The bill seeks to exempt from tax a property’s increased value ...Read More »
WASHINGTON — More Americans bought homes in May, a sign of economic strength that is pushing up average prices. The National Association of Realtors said Monday that sales of existing homes climbed 5.1 percent last month to a seasonally adjusted ...Read More »
The Charlotte City Council approved several rezoning requests Monday night, including a developer’s controversial petition to build a mixed-use project on nearly 2 acres on Central Avenue. The council also denied a request to build townhomes in southwest Charlotte. DPJ ...
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WASHINGTON — Mecklenburg and Iredell counties are among the five counties nationwide that have best controlled urban sprawl since the mid-1990s, according to a new study. Once the signature of an era of pell-mell development, American sprawl has slowed to ...Read More »