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 ...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 ...Read More »
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 ...
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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 ...
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Allen Tate, the man whose name is most likely the most visible in the Charlotte region, died Monday. Tate, the founder of the real estate firm Allen Tate Co., was 84. His company website said that while he had been ...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 »