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Tag Archives: Nancy Braun

NAR: Home sales fall to July 2012 levels (access required)

DollarHouse

Sales of existing homes in January fell to their lowest level in 18 months, according to the National Association of Realtors’ data, declining 5.1 percent since December. The report found that sales of all existing homes including single-family residences, condos, ...

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

cash house

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

The American Home company is a real estate investment trust that is building dozens of homes it plans to rent in Charlotte, a practice some industry insiders say they haven’t seen before. The American Home, along with other institutional investors, are owning an increasing share of Charlotte area homes. Photo by Nell Redmond

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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Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike (access required)

house key

Although foreclosure activity in the Charlotte area has declined over the past year, it jumped up between July and August this year in Mecklenburg and York counties, according to a report issued by RealtyTrac.

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South End by southwest (access required)

Call it what you want, but South End, which was largely carved out of an industrial, railroad-crossed section of westernmost Dilworth in the 1990s, when people thought developer Tony Pressley might be a little nutty, is now rapidly spreading far beyond the traditional boundaries of its historic district.

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