U.S. housing starts rose nearly 19 percent in January when compared with a year earlier, but were down from December, according to data provided by the U.S. Census Bureau and the Department of Housing and Urban Development. Groundbreakings for all ...Read More »
Residential Real Estate
Institutional investors bought fewer homes in the Charlotte area during 2014 than the prior year, but snagged a greater share of the ones available, according to data released Friday by RealtyTrac, a California-based real estate information provider. RealtyTrac reported that ...
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WASHINGTON — U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted ...Read More »
Three more people were sentenced Wednesday on federal racketeering charges that resulted from a massive mortgage-fraud investigation begun in the Charlotte area in 2007. According to an April 2013 indictment, they were among 26 charged in various conspiracies, including mortgage ...Read More »
The share of homebuyers using low down-payment loans dropped last year to its lowest level in a decade. Some 25 percent of buyers with conventional or Federal Housing Administration-insured mortgages put less than 3 percent down when purchasing a home ...
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The Charlotte metro area underwent a frenzy of foreclosure activity last month, posting large increases in scheduled auctions and bank repossessions. However, that doesn’t mean a wave of distressed properties hitting market will hamper home-price appreciation in the Charlotte-Concord-Gastonia region ...Read More »
Cash sales made up 36.1 percent of total home sales nationally in November, down from 38.8 percent in November 2013. The year-over-year share has fallen each month since January 2013, making November the 23rd consecutive month of declines, according to ...
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Median sales prices for existing single-family homes in the Charlotte area increased at a faster clip between the fourth quarters of 2013 and 2014 than all but 12 of the 175 metro areas included in a report released Wednesday by ...Read More »
The number of homes with a mortgage in the Charlotte metro area facing foreclosure in December remained at 0.9 percent of all homes, the same as in November and down 0.7 percentage points from December 2013, according to real estate ...
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Demand for homes in the Charlotte region continues to outpace inventory, creating a seller’s market for those seeking higher returns on their investments. Year-over-year sales in the Charlotte area rose 8.8 percent in January compared with January 2014, to 2,359 ...Read More »