Home sale trends in the Greater Charlotte residential real estate market continue their upward, post-recession arc, according to the latest monthly figures released Tuesday morning by the Charlotte Regional Realtor Association.

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It might be roiling Washington, D.C. and its suburbs, but, so far, the government shutdown is having little effect on Charlotte’s real estate and banking markets.

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Fifty-four percent of bank-owned homes in the Charlotte-Gastonia-Concord area are owner-occupied, according to a new study by the real estate information and online marketplace company RealtyTrac. In real numbers, that is more than half the 2,328 bank-owned homes.

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Led by the behemoth Blackstone Group, the largest alternative investment company in the world, institutional investors are buying a lot of single-family homes in Charlotte, fixing them up, renting them out and holding onto them to see if they rise in value. One of every five houses sold in May, June and July in the Charlotte market went to big investors, a higher percentage than in any other market but Atlanta.

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Preliminary August data from the Carolinas Multiple Listing Services Inc. continue to indicate a strengthening housing market, with the number of sales, home prices and new listings rising while the inventory and average number of days on the market declined.

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Prices for existing homes sold in the Charlotte region continued to rise in July, by 8.3 percent year-over-year and by 1.3 percent over June, according to property analytics provider CoreLogic.

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You’re either fer it, or you’re agin it, as they say in the mountains of western North Carolina, and that’s true of possible legislation that REBIC will either back or oppose this year on the other end of the state in Raleigh, where the state legislature is in session.

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"As buyers begin to meet prices, there will be an upward pressure on prices," he said. "There are an increasing number of buyers coming on the market, more buyers and fewer homes. We’ve even had some multioffer situations. Not many, but some."

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Real estate agent Eric Locher thought he was going to serve on the Charlotte-Mecklenburg Planning Commission another three years — until he went to church and learned otherwise. Locher said it was at church that his replacement, Tony Lathrup, broke ...

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Cheryl Littlefield’s ideal home was pulled right out from under her. Located near Revolution Park just west of Uptown Charlotte, the 1,200-square-foot, three-bedroom brick ranch-style home was just what Littlefield was looking for. And priced at $49,000, the foreclosed home was ...

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