Demand for Charlotte metro area apartments keeps rising. The average occupancy rate for the metro area is at 93.3 percent, up from just under 93 percent in September, Charlotte-based Real Data said today.
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Tommy Lawing is a man looking to buy houses. He needs them, he says, because demand for homes in his rental business is through the roof. But profits aren’t following the upward track and it’s because of one of life’s certainties – taxes.Read More »
It’s a lot of apartments. There are 7,000 units planned for the Charlotte area, mostly for the area north of the city. More than 1,000 units are under construction, and it’s no wonder why developers are salivating over apartments: Now’s a good time to be in the rental business, thanks to tougher lending practices that make it harder for people to buy homes and a major dip in confidence in owning brought about by the housing market’s collapse.Read More »