In 2009, about two years after the real estate market started its collapse, a new federal law took effect. The federal Home Valuation Code of Conduct was created to reduce conflicts of interest in the process of appraising homes. Real estate agents and brokers were no longer allowed to order appraisals. Lenders were now in control of doing that, and demand for appraisal-management companies shot up.Read More »
Foreclosures continued to be a dominant theme in the Charlotte real estate market in 2011. Although Irvine, Calif.-based real estate data tracking firm RealtyTrac has recorded fewer foreclosures in November than October, the final data on the number of homes foreclosed in Mecklenburg County in 2011 hasn’t been compiled yet.Read More »
Linda Holden was newly divorced, going to school part time, and raising two kids. “I needed to make some money,” she said.” It was the early 1970s, and at the time she was living in an apartment complex in Endicott, N.Y. Desperate for work, she asked the apartment complex’s owner, who was also a developer and builder, for a job.
Tagged with: EconomyRead More »
The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker than previously thought.Read More »
The City of Charlotte’s Land Development Division is requiring all commercial plans be submitted electronically, effective Jan. 1. According to a blog posting by the Real Estate and Building Industry Coalition in Charlotte, sealed, signed hard copies of plans should be scanned into a PDF format and emailed to firstname.lastname@example.org.
Tagged with: planningRead More »