CHARLOTTE — In another sign that homebuilding in Mecklenburg County is on pace this year to outdistance 2012 — which was significantly ahead of 2011 — building permits issued by the county for the benchmark detached, single-family home continued their surge in the second business week of the new year. As of Tuesday, the county’s [...]
As if things weren’t bad enough, NAR has another reason to reach for bottles sealed with cotton (or corks). In a revelation that could make some question the trustworthiness of NAR’s figures and sully its reputation forever – OK, maybe that’s going a bit too far – the association this week announced that its home sales data going back about five years might be too high.
To Jonathan Osman, the paperwork just didn’t seem right. Osman, a real estate agent for Keller Williams Realty in SouthPark, had been asked by another agent to help her out by looking over some documents related to an upcoming short sale on a Fort Mill, S.C., home. Osman did. But what he saw was questionable. [...]
North Carolina home prices fell 2 percent in February from a year ago, according to Santa Ana, Calif.-based CoreLogic. The figure includes distressed sales. Prices for nondistressed sales rose 1.5 percent in the state. National home prices, including distressed sales, declined 6.7 percent. Excluding distressed sales, prices fell 0.1 percent. Over the year, Idaho saw [...]