Two developers have filed a lawsuit against the town of Davidson, claiming it exceeded the authority granted by the state Legislature in requiring homebuilders to include in their projects a portion of houses affordable to people making a less-than-median income. ...Read More »
Residential Real Estate
Charlotte was among the markets with the biggest annual increase in median home prices in the year ending in September, according to RealtyTrac. The median sales price of a Charlotte-area home in September, including distressed properties, was $175,000, up 1 ...Read More »
Some homebuyers associate foreclosures with bargain-basement prices and oodles of profits. Others view the prospect of a distressed-home purchase as rife with potential pitfalls, including hidden rehab costs and multiple title liens. The truth lies somewhere in the middle. Although ...
Tagged with: Benham Real Estate Group Eric Layne flipping foreclosures J.C. Underswood Lynch Realty Metrolina Real Estate Investors Association Nancy Braun Perry Butler RealtyTrac Showcase Realty Todd LynchRead More »
One percent of homes with mortgages in the Charlotte-Concord-Gastonia metro region were facing foreclosure in September. That’s the same as in August, but a 0.8 percentage point decrease from September 2013, according to real estate data firm CoreLogic. North Carolina’s ...Read More »
Charlotte City Council on Monday night approved a three-year extension of a stormwater mitigation fee program for redevelopment projects across the city. The city staff had originally recommended an extension of five years to the fee-in-lieu program, but reduced it ...Read More »
HUNTERSVILLE – Following 15 years of abandoned plans and false starts, the possibility of redevelopment for the former Magla Mills property near downtown is back in play. The town Board of Commissioners last week instructed Manager Greg Ferguson to craft ...Read More »
The home remodeling industry is expected to experience slower growth next year after rising during the next three quarters. The annual increase in home-improvement spending is slated to ease to 3.1 percent in the second quarter of next year, down ...
Tagged with: Brad Little Case Remodeling Chris Herbert David Tyson David Tyson & Associates Inc. John Morgan Joint Center for Housing Studies at Harvard University Kolby Construction PHil Kolby remodeling industry Urban Building GroupRead More »
Lennar Carolinas LLC hopes to develop an age-restrictive residential development on a 622-acre former children’s camp that failed to come to fruition for developer Mattamy Homes earlier this year. The development at 9070 Van Wyck Road, about 2 miles southwest ...Read More »