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Rising home prices boosting owner equity
Posted by: Graziella Steele on 2014-01-13
Like a rising tide lifting all boats, an increase in Charlotte area home prices has resulted in fewer homeowners with negative equity, according to a new report released by RealtyTrac. The average sale price for a home in Charlotte in December was $224,128, up 9.1 percent from the same time last year, based on Carolina…
‘Phantom income’ from sale may be taxable
Posted by: Benny Kass on 2013-12-20
DEAR BENNY: I am hoping you can clarify debt relief as it applies to rental property. My sister has a single-family residence that she rents out and is now letting the house follow the path to foreclosure. She received info from a real estate attorney that didn’t make sense to me and I could not…
UPDATE: Waverly developers hear concerns about traffic, traffic and traffic
Posted by: Tony Brown, Staff Writer on 2013-11-12
PROVIDENCE COUNTRY CLUB – It’s not the number of car trips expected to be generated by the proposed $200 million Waverly mixed-used development that is the real traffic issue. It’s the length of those trips that matter, their destinations, and the way the streets planned for the 90-acre project connect with Providence and Ardrey Kell…
About one-third of homes sold being paid for with cash
Posted by: Jim Woodard on 2013-07-26
An unprecedentedly high proportion of home sales involve all-cash transactions in today’s market. According to a National Association of Realtors’ report, all-cash offers account for 33 percent of home sales, with international and investor buyers taking the lead….
Apartment hunting in Huntersville
Posted by: Tony Brown, Staff Writer on 2013-07-18
Two major apartment complexes with a combined 561 units and worth a total of $70 million are headed into opposite corners of The Park-Huntersville business park….
The bill to nowhere?
Posted by: Tony Brown, Staff Writer on 2013-03-22
Homebuilders warming up their shouts of “Free at last, free at last!” to hail the passage of two bills in the North Carolina General Assembly should stop, call their lawyers and consult their dictionaries first. The bills – House Bill 150 and Senate Bill 139 – aim to curtail local governments’ imposing of non-structural aesthetic building codes on builders of one- and two-family houses. By the wide majority of 98-18, the House passed its version this week, and the nearly identical Senate bill appears poised for equally easy passage….
Housing prospects look good for 2013
Posted by: Jim Woodard on 2012-12-20
Sure, there are well-publicized negative factors that influence the housing recovery. But there are also very strong positives that are more apt to dominate the path of recovery in 2013 and beyond. Increasingly, economists are changing their signs on the recovery path, from “Danger, muddy road ahead” to “Prepare for good times.”…
RealtyTrac: U.S. foreclosure filings slow
Posted by: The Associated Press on 2012-11-16
LOS ANGELES — U.S. homes are entering the foreclosure process at a slower pace than a year ago, and fewer properties are being repossessed by lenders, new data show. Between January and October, 971,533 homes were placed on the path to foreclosure, down 8 percent from the same period last year, foreclosure listing firm RealtyTrac Inc….
SB 731 expected to be resurrected, and passed, in next session of General Assembly
Posted by: Tony Brown, Staff Writer on 2012-10-25
When asked if he would reintroduce a similar bill, Clodfelter had a one-word answer — “absolutely” — and noted that the previous bill had the support of “senators in both parties and in every range of ideologies.”…
The highest- and lowest-priced homes sold in the Charlotte area Sept. 3-9
Posted by: Scott Baughman on 2012-09-14
HIGHEST Sold price: $3.75 million Square feet: 6,825 Listing agent: Victoria Mitchener, Dickens Mitchener & Associates Selling agent: Ann Wood Holladay, Helen Adams Realty Ann Wood Holladay said she tends to attract clients who like Charlotte houses that were built 80 to 90 years ago. But when a husband and wife came to her looking for a home that…