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

Home values are growing fastest in areas with the highest share of kids, reflecting the impact millennial house hunters are making on family-friendly neighborhoods with a shortage of homes for sale. A record number of millennials will reach key age milestones ...

Tagged with: family homes

Home values in the U.S. gained a record $6.9 trillion in 2021, nearly doubling what was previously the largest annual gain of $3.7 trillion in 2005. The full U.S. housing stock is now worth $43.4 trillion, according to a new Zillow® analysis.  Strong demand met limited ...

Tagged with: home values

Four lawsuits over the city of Charlotte’s taking of adjacent properties near the city’s center have been consolidated into one $1.07 million settlement, the landowner’s attorney reports.  Thomas “Tommy” Odom Jr. of The Odom Firm in Charlotte reports that the ...

Tagged with: streetcar

ATTOM has released its fourth-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.27 million mortgages secured by residential property (1 to 4 units) were originated in the fourth quarter of 2021 in the United States. That figure ...

Tagged with: mortgage

Construction employment increased by 22,000 jobs between November and December as nonresidential construction firms added workers for the fourth month in a row while residential construction employment slipped, according to an analysis by the Associated General Contractors of America of ...

Tagged with: construction

ATTOM has released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 151,153 U.S. properties in 2021, down 29 percent from 2020 and down 95 percent from a ...

Tagged with: Foreclosure

  Mac’s Speed Shop is adding a new location in Concord, N.C. Mac’s will be conveniently located near Concord Mills Mall just off the I-85 Speedway Blvd exit.  The new Speedway Blvd. Mac’s will be engineered for energetic eating, socializing, ...

Tagged with: Macs Speed Shop

Only 18 states and the District of Columbia have added construction jobs since just before the start of the pandemic in February 2020 despite a pickup in most states from October to November, according to a new analysis of federal employment data ...

Tagged with: construction

Ram Realty Advisors announced the sale of Hawk Apartments, a 71-unit luxury apartment community located in Charlotte’s vibrant South End district. The property was acquired by AvalonBay Communities, Inc. (NYSE: AVB). Newmark represented an affiliate of Ram Realty Advisors in ...

Tagged with: RAM Realty Advisors

Colder weather may be settling in, but new housing data suggests the winter market is heating up, as looming mortgage rate hikes motivate more buyers to search for a home despite limited options. U.S. listing price growth renewed its momentum ...

Tagged with: home prices