Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

ATTOM has released its second-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48.1 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loan balances secured ...

Tagged with: home value

The job market will remain strong for the latter part of 2022, research from talent solutions and business consulting firm Robert Half shows. According to the company’s State of U.S. Hiring Survey of more than 1,500 managers, 46% of respondents ...

Tagged with: meckcetera

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.66 percent.  “The market’s renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what ...

Tagged with: mortgage rates

Construction workforce shortages are affecting nearly all construction firms, undermining the industry’s ability to complete projects on time and on schedule and threatening the success of new federal investments in infrastructure and manufacturing, according to the results of a workforce survey conducted ...

Tagged with: construction

   Equus Capital Partners, Ltd. has announced that an affiliate completed the sale of The Rotunda, a four-story Class A office building totaling 234,670 square-feet, located in the South Park office submarket of Charlotte. The property was sold to an Atlanta-based ...

Tagged with: Equus Capital Partners

Home shoppers are finding more options to choose from, more time to make decisions and even price cuts in some areas, according to Zillow’s® latest market report1. That’s largely because intensifying affordability challenges are thinning competition from a crowded field and ...

Tagged with: home prices

Construction employment increased in 250 or 70 percent of 358 metro areas between July 2021 and July 2022, according to an analysis by the Associated General Contractors of America of new government employment data. But association officials cautioned that most construction firms ...

Tagged with: construction

Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.55 percent.   “The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market,” ...

Tagged with: Freddie Mac

   One new home in M/I Homes’ Heritage at Neel Ranch community has an especially meaningful purpose.  More than $200,000 from the sale of the Mooresville home will benefit Pelotonia, a leading national non-profit that funds innovative cancer research.  M/I Homes, ...

Tagged with: M/I Homes

   CBRE has announced the $23.6 million sale of two Extra Space Storage facilities outside of Charlotte. Lakeland Village acquired the portfolio from an undisclosed private investor. Morgan Windbiel, Senior Vice President with CBRE’s Self Storage Advisory Group, represented the seller in ...

Tagged with: CBRE