Toby Hunter, 39, of Fort Mill, South Carolina, has been sentenced to nine years in prison and ordered to pay more than $8 million in restitution for his role in a massive investment fraud conspiracy, the U.S. Attorney’s Office announced. ...Read More »
For Barry Whaling, the original Charlotte Hornets insignia etched into the bottom of his home’s pool by the team’s former owner represents more than basketball. “It’s the nostalgia of the hornet,” he said, noting that the origin of the region’s ...Read More »
WASHINGTON — Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market. The National Association of Realtors said Thursday that its seasonally adjusted ...Read More »
Davidson has voted to settle a lawsuit filed by two developers claiming the town didn’t have the authority to require homebuilders to construct affordable housing or collect fees for public services. Following Mayor John Woods’ comment that “we’d all like ...Read More »
Homes bought by institutional investors in April in the Charlotte area reached a record high of 737, according to RealtyTrac, whose records begin in January 2011. The percentage of homes purchased in the region by institutional investors in April was ...Read More »
Four people involved in a mortgage and investment fraud scheme that investigators dubbed Operation Wax House were sentenced this week, including three of its leaders. Those involved were convicted on charges relating to the theft of more than $75 million ...
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WASHINGTON — U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale.The Standard & Poor’s/Case-Shiller 20-city home price index rose 5 percent in March from 12 months earlier, the S&P ...Read More »
Although the number of homes repossessed by banks in Charlotte jumped almost 95 percent in April compared with April 2014, those homes on average were sold at market value during the first quarter, according to real estate information and analytics ...Read More »
Charlotte City Council approved several rezoning requests Monday night, including petitions allowing the construction of single-family and multifamily developments in north and south Charlotte. The council also denied a request to build a convenience store and gas station in east ...
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The number of home sales in February that were paid for with cash in the Charlotte area fell 0.4 percentage points from February 2014, according to real estate information and analytics provider CoreLogic. Cash sales in the area accounted for ...Read More »