Free Newsletter
More than half of Charlotte region’s foreclosed homes are owner occupied
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.
Wall Street taps Main Street: Investment firms looking for return on Charlotte’s rental homes
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 marke[...]
Housing market continues to improve for sellers
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.
Home prices continue to rise in region, nationally
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.
13 to watch in ’13: REBIC and Raleigh
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.
On the Level: Eric Locher, Charlotte Regional Realtor Association’s 2013 president
"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."
The truth set him free
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 […]
Foreclosure fallout
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 […]
Foreclosure pause makes some fearful; others see bright side
As more of the country’s biggest financial institutions and mortgage lenders are pulled into the ongoing controversy involving questionable foreclosure processes, many predict the situation could have a chilling effect […]
Latest News
- A rising number of rentals drives down rent prices for third straight month
- CP Group announces four new leases at Harris Corners in Charlotte
- Developer files plans for 384-acre mixed-use project in Kings Mountain
- Equity improves for U.S. homeowners as housing market boom shows signs of revival
- Construction firms add 19,000 jobs in July as sector’s unemployment level hits 3.9 percent
- Profits on home sales rebound across U.S. in second quarter as housing market revives
- 47% of employees say they’ll quit if employer orders return to office full time
- U.S. housing market avoids crash, but challenges remain for buyers and sellers
- Rate-lock tipping point: Homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher
- Equity improves for U.S. homeowners as housing market boom shows signs of revival
- 50 Most Influential Women announced
- Frampton Construction completes Delta Industrial Park facility
Features
- SCORE Charlotte intake team honored in matching potential new client needs with one of the chapters 72 volunteers
- Bidding Wars – 6 Tips to Help a Homebuyer Win the Bid
- ABC Carolinas Construction Conference Features New SC Chamber CEO, Bob Morgan as Keynote
- How to Buy Your First Home
- Buying and Selling in the time of COVID-19
- PERSONNEL FILE: Peters joins Showcase Realty
- PERSONNEL FILE: Mellor joins Henderson Properties of Charlotte
- REZONING ROUNDUP: Greenway Residential Development seeks rezoning of 12.3 acres
- PERSONNEL FILE: Berkshire Hathaway HomeServices recieves award
- PERSONNEL FILE: McCarty has joined LS3P
- PERSONNEL FILE: Graham joins Paragon Bank
- PERSONNEL FILE: Bowman is licensed professional engineer
Polls
Loading ...