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. luxury home sales increased 41.5% year over year in the third quarter, according to a new report from Redfin, the technology-powered real estate brokerage. That’s the largest jump since at least 2013, when Redfin began recording this data. Meanwhile, ...

Tagged with: luxury homes

Remarkable growth this half-decade has boosted the share of Latinx households in the U.S. that own their home to its highest since the housing bust. While recent signs are encouraging, a new Zillow® analysis reveals remaining roadblocks on the path to ...

Tagged with: Latinx Homeownership

According to the latest Ellie Mae Millennial Tracker, refinance activity hit an all-time high in April 2020, besting the previous mark set in March of this year. The historic refinance surge took place as the average interest rate for millennials ...

Tagged with: Refinance

The pandemic-led recession is disproportionately hurting women in the workforce and is more likely to threaten their housing security. A new Zillow analysis finds women are more likely than men to be unemployed, renters and caregivers during the coronavirus pandemic, ...

Tagged with: pandemic recession

The median home price in blue counties nationwide rose 13.1% from a year earlier to $346,000 during the four weeks ending September 6, according to a new analysis from Redfin (www.redfin.com). Prices rose 11.5% to $259,500 in swing counties, and ...

Tagged with: home prices

  Home values rose to $259,906, up 2.2% since June, which is the largest quarterly increase since 2013. Typical U.S. rents dropped slightly in September to $1,756 after sustaining a 0.5% monthly decline in August. Rents continue to fall in ...

Tagged with: home values

Mortgage lenders’ profit margin outlook for the next three months increased even further due to strong consumer demand, according to Fannie Mae’s Q3 2020 Mortgage Lender Sentiment Survey®. According to the third quarter survey, 48% of lenders believe profit margins ...

Tagged with: mortgages

The median price of homes that sold during the four-week period ending August 9 was up 10% year over year—the largest increase in over six years—and hit a new all-time high of $314,000, according to a new report from Redfin ...

Tagged with: Housing market

America is looking to move again, and the COVID-19 pandemic is influencing the U.S. housing market both in terms of where people are searching and what they are searching for, according to realtor.com®‘s quarterly Cross Market Demand Report, which measures ...

Tagged with: moving

ATTOM Data Solutions, has released its second-quarter 2020 U.S. Home Equity & Underwater Report, which shows that 15.2 million residential properties in the United States were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties ...

Tagged with: equity