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

Construction employment increased by 23,000 jobs in August and by 297,000 jobs over the past year, reaching a 10-year high, while the industry’s unemployment rate stood at an all-time low, according to an analysis of new government data by the ...

Tagged with: construction

  Holliday Fenoglio Fowler, L.P. (HFF) announces financing for the acquisition and renovation of Seneca Place, a 41,310-square-foot retail strip center and outparcel pad located in Charlotte. The HFF team worked on behalf of the borrower, Charlotte-based New Forum, to place ...

Tagged with: HFF

U.S. home flipping returns drop to nearly four-year low  ATTOM Data Solutions, has released its Q2 2018 U.S. Home Flipping Report, which shows that homes flipped in the second quarter of 2018 yielded an average gross return on investment of ...

Tagged with: house flipping

LendingTree has released a study on where homebuyers are stretching the most to buy a home. A well-known rule of thumb says that the home price should not exceed three times the buyer’s annual income. When a mortgage is used to buy ...

Tagged with: Economy

  Park Commercial Real Estate is pleased to announce the recent additions of Vince Sumner and Charlie Swanson, two commercial real estate professionals with a combined 40 years of experience in Charlotte’s office market. Sumner and Swanson join Park Commercial ...

Tagged with: PCRE

  The Charlotte chapter of Commercial Real Estate Women held it’s annual awards ceremony Tuesday and recognized members for their hard work and dedication throughout the year. A crowd of about 90 gathered at The Charlotte Country Club to hear ...

Home sellers in Charlotte can now use Zillow Offers to request a cash offer from Zillow to buy their home. Zillow Offers reduces the stress and uncertainty that typically go along with selling a home. Starting today, potential home sellers in the Charlotte area will ...

Tagged with: Zillow

The profit outlook for mortgage lenders fell for the ninth consecutive quarter in the final three months of 2018 due to a decline in demand for loans to buy homes and refinance existing mortgages, a quarterly survey of mortgage lenders ...

Tagged with: lenders

Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. has released the First-Time Homebuyer Market Report from its Chief Economist, Tian Liu, for the third quarter of 2018. The report aggregates all publicly available government data and proprietary mortgage industry ...

Tagged with: mortgage

  The Seals, a North Carolina-based distributor of gaskets for commercial refrigerator doors, freezer doors, oven doors, and steamer doors in the Southeast, has acquired The Gasket Guy of Raleigh and established a manufacturing facility in Fuquay-Varina (south of Raleigh, ...

Tagged with: The Seals