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House flipping making a comeback (access required)

House flipping making a comeback <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

House flipping is back in a big way. In 2013, the number of single-family homes that were purchased and then resold within six months in the Charlotte area reached 1,592 properties, according to a new report by RealtyTrac. Flipped homes ...

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Nearly half of residential sales in December were cash only (access required)

Nearly half of residential sales in December were cash only <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Forty-six percent of all residential sales in the Charlotte-Gastonia-Concord area were all cash in December 2013, according to an analysis by RealtyTrac. The company includes single-family homes, condos and town homes in its residential sales counts. Charlotte Regional Realtor Association ...

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Cash home sales top 50 percent (access required)

Cash home sales top 50 percent <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

CHARLOTTE – More homebuyers paid with cash in October – and not just institutional investors, who bought a smaller share of the homes sold, while cash purchases overall topped 50 percent for the first time in 19 months. “We have ...

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Buying up the block (access required)

Buying up the block <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

We’ve known for a while that institutional investors – led by the behemoth Blackstone Group – are making big investments in the Charlotte housing market. Now we know the extent of their investment, and the extent to which they are ...

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Investors still buying up single-family homes (access required)

The Charlotte metro area continues to be a hotbed of institutional investor homebuying, according to a report released Thursday by RealtyTrac. Among the 50 metro areas with populations of 1 million or more, Charlotte in September ranked 5th in the rate homes bought by institutional investors, at 17 percent. The only regions with a higher rate were Atlanta, Las Vegas, St. Louis and Jacksonville, Fla., which ranged from 23 percent to 29 percent. Close behind Charlotte were Memphis, Tenn., Richmond, Va., Dallas and San Antonio, Texas.

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Charlotte foreclosure rate drops nearly 43% in September from previous year (access required)

Charlotte’s foreclosure rate in September decreased by 42.70 percent from the same time last year, according to new data from real estate tracking company RealtyTrac. Nationally, foreclosure activity was down 27 percent year-over-year in September, but increased 2 percent from the previous month.

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More than half of Charlotte region’s foreclosed homes are owner occupied (access required)

Fifty-four percent of bank-owned homes in the Charlotte-Gastonia-Concord area are owner-occupied, according to a new study by the real estate information and online marketplace company RealtyTrac. In real numbers, that is more than half the 2,328 bank-owned homes.

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