Charlotte Real Estate News
Thursday, March 4, 2010
Freddie Mac’s (NYSE:FRE) weekly rate report says a 30-year fixed-rate mortgage averaged 4.97 percent in the week ending March 3, down from 5.05 percent the previous week. - Charlotte Business Journal
Economy grows at 5.7 pct pace, fastest since 2003
Friday, Jan. 29, 2010
WASHINGTON – The economy grew faster than expected at the end of last year...The 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. The Commerce Department report Friday is the strongest evidence to date that the worst recession since the 1930s ended last year, though an academic panel that dates recessions has yet to declare an end to it. Yahoo! News
A neighbor for IKEA: Furniture Row
Tuesday, Jan. 12, 2010
Furniture retailer Furniture Row expects to build a 70,000-square-foot store starting early this year in Belgate, a mixed-used project in the University City area, according to the developer, Crescent Resources. MORE >
Charlotte-area home sales jump 31%
Thursday, Dec. 31, 2009
The Charlotte area produced 2,000 home sales in November, a 31 percent increase from November 2008, the North Carolina Association of Realtors reports.
The average sale price edged upward. The average price of the new and existing Charlotte-area homes sold last month increased 1 percent to $195,244 from $193,035 in November 2008. MORE >
Electrolux's HQ for N. America to bring 738 jobs
Thursday, Dec. 17, 2009
Swedish appliance maker Electrolux said Wednesday it will move its North American headquarters to Charlotte, bringing 738 jobs and millions in payroll, in the city's largest headquarters announcement in 25 years. MORE >
Study: N.C. economy to grow 2.8% next year
Thursday, December 10, 2009
North Carolina’s economy is likely to grow 2.8 percent next year from the 2009 level, according to UNC Charlotte economist John Connaughton.
Connaughton anticipates expansion in six of the state’s 11 economic sectors next year: construction; services; government; retail trade; finance, insurance and real estate; and transportation, warehousing, utilities and information.
GMAC’s Charlotte expansion on move
Friday, November 27, 2009
Detroit-based GMAC is in the middle of a 200-job expansion in Charlotte that includes moving its back-office operation in Ballantyne to a 15-story tower at 440 S. Church St.
Tony Marino, GMAC vice president of human resources, tells the Charlotte Business Journal. “Our plans are full steam ahead. We’ve got to stay focused on the work at hand, which is returning this company to profitability and paying back the taxpayer.” MORE >
Charlotte home prices down 8.1%
Tuesday, November 24, 2009
Home prices in the Charlotte market fell 8.1 percent in September from a year ago. Prices fell 0.7 percent between August and September.
The year-over-year price drop was the eighth-smallest among the 20 markets tracked by the Standard & Poor’s/Case-Shiller Home Price Index. MORE >
Crescent CEO sees positive signs
Thursday, November 19, 2009
The chief executive of Crescent Resources says the Charlotte real estate firm is on track to emerge from bankruptcy late in the first quarter... “I feel a lot better about the marketplace than I did three months ago,” says Andrew Hede, who was tapped to lead Crescent when it filed for Chapter 11 in June. MORE >
