Mecklenburg County and the Charlotte metro area saw increases in scheduled auctions and bank repossessions on foreclosed properties last month, according to real estate information and analytics provider RealtyTrac. Bank repossessions in the county rose to 103 last month from ...Read More »
Residential Real Estate
Despite low inventory and rising prices, it was still less expensive in the first quarter to buy a home than to rent a three-bedroom apartment in Mecklenburg County, according to a RealtyTrac report. The average rent for a three-bedroom property ...
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The number of homes sold in the Charlotte area jumped 41.2 percent in March from February, after decreasing 4.1 percent in February from January. Year over year, home sales in March were up 20.3 percent with 3,195 properties sold, compared ...Read More »
The sales prices for existing homes in the Charlotte area, including distressed sales, appreciated 6.1 percent from February 2014 to this February, according to CoreLogic’s Home Price Index report. Existing-home prices in the Charlotte-Concord-Gastonia metropolitan statistical area grew 2 percent ...
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The Charlotte metro area reached a new peak in median home prices last year, rising to $173,000 in July. The Charlotte-Concord-Gastonia region is one of 17 metro areas out of 92 nationally where prices reached the top of the market ...Read More »
Childress Klein has announced plans for a mixed-use development on 7.1 acres across the street from SouthPark Mall on Sharon Road. The site is home to Sharon United Methodist Church, which will be redeveloped as part of the project. “We ...Read More »
CHARLOTTE – With homeownership rates down to a 20-year low and affordable rental rates an anachronism from a bygone age, the United States is facing a housing situation that is “worse now than in the Great Depression.” That’s according to ...Read More »
The Sharon Towers retirement development in SouthPark broke ground last week on phase one of an independent-living building dubbed Magnolia Villas. The move is a reflection of seniors’ growing demand for amenities and living on their own while having the ...Read More »