Buying a house in the Charlotte region continues to get more expensive. Sales prices for existing homes, including distressed sales, increased 4.5 percent in January from a year ago. On a month-over-month basis, existing-home prices in the Charlotte-Concord-Gastonia metropolitan statistical ...Read More »
Residential Real Estate
HUNTERSVILLE – After months of negotiations, the Board of Commissioners on Monday night approved a rezoning and sketch plan for Epcon Communities’ age-restricted subdivision, the Courtyards at Kinnamon. Epcon hopes to start construction on the 94-lot subdivision by early fall, ...Read More »
It’s a great housing market in Charlotte – if you have money. While new home construction was up slightly in the fourth quarter, median incomes are not keeping up with home-price appreciation and the rising cost of land, labor and ...
Tagged with: Metrostudy fourth quarter 2014 new home startsRead More »
Reversing its own opinion from just seven months ago, the North Carolina Court of Appeals held recently that wrongfully maintaining encroaching structures – not only constructing new ones – does, in fact, constitute a daily trespass. After taking a second ...Read More »
House flippers in the Charlotte region saw decreases in their gross profits and returns on investment in the fourth quarter when compared with the third quarter. The average gross profit for the Charlotte-Concord-Gastonia metropolitan statistical area was $41,678 in the ...Read More »
WESLEY CHAPEL – Property owners seeking de-annexation from the town are putting pressure on the Village Council to establish more flexible zoning codes that would allow for denser residential development, and a state senator has said he will file a ...Read More »
Home prices in the Charlotte market rose 3.6 percent in December from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index. Charlotte metro prices inched up 0.2 percent in December from November. The year-over-year increase was the ...
Tagged with: Case-shiller home price index December 2015Read More »
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 »
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 ...
Tagged with: Institutional investors Realty TracRead More »
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 »