Tag Archives: Tom Pearson

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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Growing debate (access required)

When it comes to promoting Charlotte, economic developers like to point to the treetops. The Charlotte Chamber of Commerce, for one, boasts on its website that Charlotte is known as a tree city. The city has been fighting to protect ...

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Ordinances threaten to crush construction industry, developers say (access required)

In Mecklenburg County, developers and builders feel like a row of dominoes is about to come crashing down on them. They say the cumulative effect of new ordinances is going to put a serious hurting on commercial and residential development ...

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