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

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

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

  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

Local real estate firm New Forum, Inc. has formed a dedicated platform, New Forum Partners, focused exclusively on new development and acquisitions. With its founding, New Forum Partners has announced the acquisition and planned re-development of Seneca Place, a 41,310 ...

Tagged with: New Forum

LendingTree has released its monthly Mortgage Offers Report, which analyzes data from actual loan terms offered to borrowers on LendingTree.com by lenders on LendingTree’s network. The purpose of the report is to empower consumers by providing additional information on how their ...

Tagged with: LendingTree

Construction employment increased by 5,000 jobs in November and by 282,000 jobs over the past year while the industry’s average pay continued increases and unemployment decreased to a historic low, according to an analysis of new government data by the ...

Tagged with: construction

U.S. housing markets, when viewed as a whole, are now in rent territory, meaning renting and reinvesting, on average, will outperform owning and building equity in terms of wealth creation, according to the latest national index produced by Florida Atlantic University and Florida ...

Tagged with: rent