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

U.S. employers posted slightly more job openings in September, a likely sign that the steady job gains of recent months could continue. The Labor Department said that job openings edged up to 5.49 million in September, a modest increase from ...

Tagged with: job openings

WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but jobless claims remain at levels that suggest most workers enjoy job security. The Labor Department said Thursday that claims for unemployment aid rose by 7,000 to a seasonally ...

Tagged with: unemployment

WASHINGTON — Mortgage giant Freddie Mac reported net income of $2.3 billion for the third quarter, reversing a loss in the same period of 2015. The government-controlled company said Tuesday its fees from lenders for backing mortgages increased and the ...

Tagged with: Freddie Mac

The Hidden Villa Apartments, a 61-unit complex in Beaverton, Ore., is the kind of property investors love and affordable-housing activists ignore. Built in 1968, it was acquired recently by an out-of-town developer who plans to tear up the old carpeting ...

Long-term U.S. mortgage rates declined this week, moving closer to historically low levels. Mortgage giant Freddie Mac said Thursday the average for a 30-year fixed-rate mortgage eased to 3.47 percent from 3.52 percent last week. The benchmark rate is down ...

Tagged with: 30-year home mortgage rate

WASHINGTON (AP) — U.S. home prices climbed at a solid pace in August as more home buyers competed for fewer available properties. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index rose 5.1 percent in August, after a 5 ...

Tagged with: home prices

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week for a second straight week, reaching their highest levels since June. Mortgage giant Freddie Mac said Oct. 20 the average for a 30-year fixed-rate mortgage increased to 3.52 percent from ...

Tagged with: 30-year home mortgage rate

WASHINGTON (AP) — More Americans bought homes in September, many for the first time, despite a persistent shortage of properties for sale. The National Association of Realtors said Thursday that sales of existing homes rose 3.2 percent from August to ...

Tagged with: home sales

WASHINGTON (AP) — First-time buyers may be entering the U.S. home market in greater numbers than industry watchers had assumed. Nearly half of sales in the past year went to people who were buying their first home, according to a ...

Tagged with: homebuyers

NEW YORK (AP) — Wells Fargo’s earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks. Wells said it ...

Tagged with: Wells Fargo