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 ...Read More »
Residential Real Estate
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, ...Read More »
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 ...
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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 ...Read More »
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 »
Some 45 percent of the home equity credit lines slated to reset with higher monthly payments over the next four years in the Charlotte region are on properties that are seriously underwater, according to a new report by RealtyTrac. Generally, ...Read More »
Buying a house in the Charlotte region continues to get more expensive. Sales prices for existing homes, including distressed sales, increased 4.5 percent in January from a year ago. On a month-over-month basis, existing-home prices in the Charlotte-Concord-Gastonia metropolitan statistical ...Read More »