Charlotte land developer Tom Pearson, a founding member of the Real Estate and Building Industry Coalition, was inducted Dec. 3 into the North Carolina Housing Hall of Fame for his advocacy on behalf of the home building industry. Pearson, the ...Read More »
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.Read More »
Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike
Although foreclosure activity in the Charlotte area has declined over the past year, it jumped up between July and August this year in Mecklenburg and York counties, according to a report issued by RealtyTrac.Read More »
The average U.S. rate for the benchmark 30-year home mortgage climbed over the 4.5 percent mark this month for the first time in more than two years.
Tagged with: 30-year home mortgage rate Alan Banks Evans Coghill Homes Grubb Properties Home Builders Association of Charlotte Karla Knotts Keller Williams Pearson Land Corp. Todd Williams Tom Pearson Virginia PopovichRead More »
When it comes to promoting Charlotte, economic developers like to point to the treetops. The Charlotte Chamber of Commerce, for one, boasts on its website that Charlotte is known as a tree city. The city has been fighting to protect ...
Tagged with: Charlotte Chamber of Commerce Charlotte Mecklenburg Utilities Charlotte-Mecklenburg Schools Joe Padilla Mecklenburg County Park and Recreation Department Real Estate and Building Industry Coalition Tom PearsonRead More »
In Mecklenburg County, developers and builders feel like a row of dominoes is about to come crashing down on them. They say the cumulative effect of new ordinances is going to put a serious hurting on commercial and residential development ...Read More »