See related story on proposed legislation that would change or repeal the Map Act. A group of property owners who are beating the North Carolina Department of Transportation in a high-stakes fight over the Map Act have asked the Supreme ...Read More »
Residential Real Estate
See related story on Supreme Court challenge to Map Act here. North Carolina’s Map Act, approved in 1987, permits the N.C. Department of Transportation to freeze development on properties it deems are in the way of future road projects. Once ...Read More »
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 ...
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The share of Charlotte-area homes with a mortgage that were facing foreclosure in February remained at 0.9 percent of all homes, the same as in the previous three months and down 0.4 percentage points from February 2014, according to real ...Read More »
The portion of all home sales that were paid for with cash in the Charlotte area was down 1.1 percent in January compared with last year, according to real estate information and analytics provider CoreLogic. In January, 32.48 percent of ...Read More »
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 ...Read More »
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 »