National homeownership rates haven’t been this low since the Dow Jones skyrocketed to a record high 3,793, junk-bond king Michael Milkin dined cafeteria-style with a prison-issued spork, and Nancy Kerrigan got whacked with a collapsible baton an inch above her ...Read More »
Residential Real Estate
Existing homes in the Charlotte area, including distressed sales, appreciated 7.6 percent in May from a year earlier, according to CoreLogic’s Home Price Index report. Existing-home sales prices in the Charlotte-Concord-Gastonia metropolitan statistical area grew 1.4 percent in May from ...
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Charlotte’s reputation as a financial powerhouse can be traced back to a 12-year-old boy in Midland. One spring Sunday in 1799, Conrad Reed went fishing in Little Meadow Creek and took a liking to a 17-pound, wedge-shaped object jutting from ...Read More »
WASHINGTON — U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco. The Standard & Poor’s/Case-Shiller 20-city home price index rose 4.9 percent in April from 12 months earlier, roughly the ...
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Mecklenburg County ranks among the ten worst counties in the United States when it comes to affordability and accessibility for low-down-payment borrowers, including first-time and boomerang homebuyers. According to RealtyTrac, the Charlotte-Gastonia-Concord region came in 363rd out of 370 counties ...Read More »
Finding guidance from out-of-state court decisions in considering a first-impression issue, the South Carolina Court of Appeals held on June 17 that without supporting documentation, a loan purchaser is barred by the hearsay rule from giving testimony regarding the loan’s ...Read More »
ROCK HILL — The city could break ground on the first phase of its Knowledge Park redevelopment project as early as the end of the year, now that it’s put to rest a revised finance agreement with York County. Knowledge ...Read More »
The N.C. House of Representatives has passed a bill reducing the tax residential builders owe on unsold inventory. House Bill 168 bill is now in the Senate for consideration. The bill seeks to exempt from tax a property’s increased value ...Read More »
WASHINGTON — More Americans bought homes in May, a sign of economic strength that is pushing up average prices. The National Association of Realtors said Monday that sales of existing homes climbed 5.1 percent last month to a seasonally adjusted ...Read More »