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 ...Read More »
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 ...Read More »
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 ...Read More »
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 ...
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A Charlotte man has been sentenced to more than five years in prison for his role in a Ponzi scheme that the U.S. Attorney’s Office says defrauded victims by inducing them to invest in fake real estate deals. John Reid ...Read More »
Desperate to sell empty lots in a foreclosed subdivision, a group of lenders turned to a marketing company that made big promises and had the references to back them up. But those references turned out to be fake and the ...Read More »
North Carolinians are increasingly paying more for their homeowners’ insurance than is allowed under the state’s approved rates. Caught between higher premiums or losing coverage, more and more are opting to sign “consent-to-rate” letters that allow insurers to raise rates ...
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Four people were sentenced Wednesday for their part in a multimillion-dollar fraud involving the sale and financing of manufactured homes. The four pleaded guilty to counts stemming from charges that, from 2004 to 2010, they misled buyers about the term ...Read More »