House flippers in the Charlotte region saw decreases in their gross profits and returns on investment in the fourth quarter when compared with the third quarter. The average gross profit for the Charlotte-Concord-Gastonia metropolitan statistical area was $41,678 in the ...Read More »
Residential Real Estate
WESLEY CHAPEL – Property owners seeking de-annexation from the town are putting pressure on the Village Council to establish more flexible zoning codes that would allow for denser residential development, and a state senator has said he will file a ...Read More »
Home prices in the Charlotte market rose 3.6 percent in December from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index. Charlotte metro prices inched up 0.2 percent in December from November. The year-over-year increase was the ...
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U.S. housing starts rose nearly 19 percent in January when compared with a year earlier, but were down from December, according to data provided by the U.S. Census Bureau and the Department of Housing and Urban Development. Groundbreakings for all ...Read More »
Institutional investors bought fewer homes in the Charlotte area during 2014 than the prior year, but snagged a greater share of the ones available, according to data released Friday by RealtyTrac, a California-based real estate information provider. RealtyTrac reported that ...
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WASHINGTON — U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted ...Read More »
Three more people were sentenced Wednesday on federal racketeering charges that resulted from a massive mortgage-fraud investigation begun in the Charlotte area in 2007. According to an April 2013 indictment, they were among 26 charged in various conspiracies, including mortgage ...Read More »
The share of homebuyers using low down-payment loans dropped last year to its lowest level in a decade. Some 25 percent of buyers with conventional or Federal Housing Administration-insured mortgages put less than 3 percent down when purchasing a home ...
Tagged with: RealtyTrac down paymentRead More »
The Charlotte metro area underwent a frenzy of foreclosure activity last month, posting large increases in scheduled auctions and bank repossessions. However, that doesn’t mean a wave of distressed properties hitting market will hamper home-price appreciation in the Charlotte-Concord-Gastonia region ...Read More »
Cash sales made up 36.1 percent of total home sales nationally in November, down from 38.8 percent in November 2013. The year-over-year share has fallen each month since January 2013, making November the 23rd consecutive month of declines, according to ...
Tagged with: CoreLogic cash sales November 2014Read More »