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

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent, increasing slightly since last week. “Following a decline in the first nine months of 2019, mortgage rates ...

Tagged with: mortgage rates

Construction employment grew in 231, or 65 percent, out of 358 metro areas between October 2018 and October 2019, declined in 69 and was unchanged in 58, according to a new analysis of federal employment data released today by the ...

Tagged with: construction jobs

Housing inventory has been in short supply for the past decade in large part because builders have struggled to overcome the scarcity and rising costs of labor and materials. But a flood of homes will come on the market in ...

Tagged with: Baby Boomers

Demand for industrial property continues to outstrip developers’ capacity to deliver new space, according to Transwestern’s latest national report on the sector. Occupiers soaked up a net 41.2 million square feet in the third quarter of 2019, a 23% decrease ...

Tagged with: home supply

JLL announced today that it has arranged a $106.7-million, strategic, industrial-focused joint venture partnership that includes an equity interest in an existing portfolio of 14 high-quality industrial assets totaling 931,398 square feet in addition to the intent to programmatically acquire ...

Tagged with: JLL

The School of Architecture (SoA) recently renamed the newly renovated Storrs Lecture Hall, the Jack and Vada Boardman Auditorium, in recognition of the Boardman family’s generous funding of student scholarships. A public dedication ceremony took place Friday, Jan. 10. The ...

Tagged with: architecture

Representatives from the Charlotte Regional Transportation Planning Organization (CRTPO) have announced the launch of ‘Beyond 77’ a new study aimed at developing alternative transportation options for those who travel the I-77 corridor from Statesville, North Carolina to Rock Hill, South Carolina. ...

Tagged with: Interstate 77

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 3.65 percent. “Mortgage rates inched up by one basis point this week with the 30-year fixed-rate mortgage averaging ...

Tagged with: mortgage rates

Golden LEAF has launched a $5 million strategic initiative to help grow the state’s available skilled workforce to meet urgent industry needs. Golden LEAF Opportunities for Work (GLOW) will help working-age adults with barriers to employment receive the skills needed ...

Tagged with: workforce

House Buyers of America (House Buyers), the leading high-tech homebuying company that is reinventing the industry with its direct, no ‘middle-man’ approach that charges no commissions or fees, announces the release of its third quarter financials. House Buyers’ revenue grew ...

Tagged with: home prices