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 »
Residential Real Estate
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 »
The Charlotte City Council approved several rezoning requests Monday night, including a developer’s controversial petition to build a mixed-use project on nearly 2 acres on Central Avenue. The council also denied a request to build townhomes in southwest Charlotte. DPJ ...Read More »
WASHINGTON — Mecklenburg and Iredell counties are among the five counties nationwide that have best controlled urban sprawl since the mid-1990s, according to a new study. Once the signature of an era of pell-mell development, American sprawl has slowed to ...Read More »
LOS ANGELES — Standard Pacific Corp. and Ryland Group Inc. have agreed to merge in an all-stock transaction that will create a single homebuilder with operations in 17 states. The merger marks the first big move toward consolidation among the ...Read More »