Buying a house in the Charlotte region continues to get more expensive. Sales prices for existing homes, including distressed sales, increased 4.5 percent in January from a year ago. On a month-over-month basis, existing-home prices in the Charlotte-Concord-Gastonia metropolitan statistical ...Read More »
Epcon subdivision approved in Huntersville
HUNTERSVILLE – After months of negotiations, the Board of Commissioners on Monday night approved a rezoning and sketch plan for Epcon Communities’ age-restricted subdivision, the Courtyards at Kinnamon. Epcon hopes to start construction on the 94-lot subdivision by early fall, ...
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New-home price point outpaces median income
It’s a great housing market in Charlotte – if you have money. While new home construction was up slightly in the fourth quarter, median incomes are not keeping up with home-price appreciation and the rising cost of land, labor and ...Read More »
Court doubles back, ruling that septic tanks trespass
Reversing its own opinion from just seven months ago, the North Carolina Court of Appeals held recently that wrongfully maintaining encroaching structures – not only constructing new ones – does, in fact, constitute a daily trespass. After taking a second ...Read More »
Profits from local home flips down; Gaston Co. seen as ‘safe haven’
House flippers in the Charlotte region saw decreases in their gross profits and returns on investment in the fourth quarter when compared with the third quarter. The average gross profit for the Charlotte-Concord-Gastonia metropolitan statistical area was $41,678 in the ...
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Wesley Chapel grapples with de-annexation
WESLEY CHAPEL – Property owners seeking de-annexation from the town are putting pressure on the Village Council to establish more flexible zoning codes that would allow for denser residential development, and a state senator has said he will file a ...
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Home prices in Charlotte up 3.6 percent in December
Home prices in the Charlotte market rose 3.6 percent in December from a year earlier, according to the Standard & Poor’s/Case-Shiller Home Price Index. Charlotte metro prices inched up 0.2 percent in December from November. The year-over-year increase was the ...Read More »
January home starts up year over year; down from December
U.S. housing starts rose nearly 19 percent in January when compared with a year earlier, but were down from December, according to data provided by the U.S. Census Bureau and the Department of Housing and Urban Development. Groundbreakings for all ...
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Institutional investor activity still strong in Charlotte housing market
Institutional investors bought fewer homes in the Charlotte area during 2014 than the prior year, but snagged a greater share of the ones available, according to data released Friday by RealtyTrac, a California-based real estate information provider. RealtyTrac reported that ...Read More »
US home sales plunge 4.9 percent in January
WASHINGTON — U.S. home sales hit a snow drift in January, plunging to the slowest pace in nine months. The National Association of Realtors said Monday that sales of existing homes tumbled 4.9 percent last month to a seasonally adjusted ...
Tagged with: Charlotte Regional Realtor Association National Association of RealtorsRead More »