"As buyers begin to meet prices, there will be an upward pressure on prices," he said. "There are an increasing number of buyers coming on the market, more buyers and fewer homes. We’ve even had some multioffer situations. Not many, but some."
According to a report produced for The Mecklenburg Times by Keller Williams broker Nadine Deason, 10 homes priced at $1 million and higher sold in the Carolina Multiple Listing Services area in April. That's double the number of homes that sold in the same month last year.
Chiquita executives will get help finding appealing homes in the Charlotte area from local real estate companies Allen Tate and Cottingham Chalk Hayes. The fruit and produce company is moving from Cincinnati, and the relocation will reportedly bring about 400 jobs to the city.
As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect on the country’s already battered economy and real estate market. Some, though, say it could have a bright side. Last week, Charlotte-based Bank of America [...]