Home price appreciation has outpaced wage growth in the Charlotte metro area over the last two years by a ratio of 7 to 1, making it more difficult to save for a down payment and afford monthly mortgage payments. Average ...Read More »
Residential Real Estate
A Raleigh homeowners association told Cindy Block that she could build and maintain a handicap ramp as long as it conformed to standards and was the same color as the home’s siding. The Blocks also, the association said, were responsible ...Read More »
Developers are tapping into the 76 million-strong baby boomer market, with active-adult construction taking off over the last couple of years. Sparked by pent-up demand, a mini-revolution in senior housing is occurring as a generation of nonconformists seeks a lifestyle ...
Tagged with: active adult communities baby boomer housing Courtyards at Kinnamon Epcon Communities Jacque Petroulakis National Association of Home Builders Pam Simms Paul Emrath PulteGroup Inc. Sun City Carolina Lakes The Villages at Oak TreeRead More »
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 ...
Tagged with: RealtyTrac February 2015 foreclosuresRead 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 ...
Tagged with: RealtyTrac 2014 down payment percentageRead 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 ...Read More »
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 ...
Tagged with: National Association of RealtorsRead More »
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 ...
Tagged with: cash sales December 2014 CoreLogicRead 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 »