Mecklenburg County and the Charlotte metro area saw mixed results in a survey of scheduled auctions and bank repossessions on foreclosed properties last month, according to real estate information and analytics provider RealtyTrac. Bank repossessions in the county dropped 58 ...Read More »
Homebuyers across the nation put down an average of 14 percent of the purchase price when buying a home last year. That translated into an average down payment of $32,141, according to RealtyTrac, which analyzed loan and sales data on ...Read More »
WASHINGTON — Construction of new homes plummeted in February, as fierce winter weather froze housing starts in the Northeast and Midwest. The Commerce Department said Tuesday that builders began construction at a seasonally adjusted annual rate of 897,000 homes in ...
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The National Association of Realtors reported Monday that a gap is widening between household rental costs and household income in much of the nation, leading to “unsustainable levels” and made worse by a paucity of new-home construction. However, the Charlotte ...
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Four people were sentenced this week for their roles in a massive mortgage-fraud conspiracy that prompted an investigation in the Charlotte area in 2007. Dubbed Operation Wax House, the probe included federal allegations of mortgage fraud, investment fraud, securities fraud, ...
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Cash sales made up 35.5 percent of total home sales nationally in December, down from 38.5 percent in December 2013. The year-over-year share has fallen each month since January 2013, making November the 24th consecutive month of declines, according to ...Read More »
Wesley Chapel – The Village Council on Monday established a plan of attack for tackling the first of several changes it hopes to make to its zoning ordinance in order to dissuade dozens of residents from having their properties de-annexed ...Read More »
A lack of inventory and strong demand continues to boost home prices in the Charlotte region, with the average sales price rising 6 percent in February to $218,673 when compared with a year earlier. The median sales price, $175,000, grew ...
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In the fall of 2012, a retired real estate broker named Mary Ella Hutchinson formed a small group dedicated to helping people in Franklin County save their homes from foreclosure. Her supporters say she’s kept scores of people in their ...Read More »
The Mecklenburg Times earned a third-place award from the North Carolina Press Association in the news feature category for “Up in the air,” by Graziella Steele, a story about the uncertainty surrounding the use of drones for commercial purposes, such ...Read More »