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Home sales continue to show year-over-year gains (access required)

Home sales continue to show year-over-year gains <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Home sale trends in the Greater Charlotte residential real estate market continue their upward, post-recession arc, according to the latest monthly figures released Tuesday morning by the Charlotte Regional Realtor Association.

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Government shutdown: Impact small so far on Charlotte housing, banking (access required)

It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.

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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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Wall Street taps Main Street: Investment firms looking for return on Charlotte’s rental homes (access required)

Wall Street taps Main Street: Investment firms looking for return on Charlotte’s rental homes <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.

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Housing market continues to improve for sellers (access required)

Preliminary August data from the Carolinas Multiple Listing Services Inc. continue to indicate a strengthening housing market, with the number of sales, home prices and new listings rising while the inventory and average number of days on the market declined.

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13 to watch in ’13: REBIC and Raleigh (access required)

13 to watch in ’13: REBIC and Raleigh <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

You’re either fer it, or you’re agin it, as they say in the mountains of western North Carolina, and that’s true of possible legislation that REBIC will either back or oppose this year on the other end of the state in Raleigh, where the state legislature is in session.

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On the Level: Eric Locher, Charlotte Regional Realtor Association’s 2013 president (access required)

"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."

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Foreclosure fallout (access required)

Cheryl Littlefield’s ideal home was pulled right out from under her. Located near Revolution Park just west of Uptown Charlotte, the 1,200-square-foot, three-bedroom brick ranch-style home was just what Littlefield was looking for. And priced at $49,000, the foreclosed home was ...

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