Charlotte Real Estate News

Charlotte gets $6.5 million for energy projects

Wednesday, Apr. 21, 2010

The Energy Department has approved $6.5 million in stimulus grants to Charlotte for energy-efficiency projects.

Charlotte City Council approved a plan for using the money in November after community meetings and suggestions by businesses and residents... Charlotte Observer

Charlotte could get another new bank

Wednesday, Apr. 21, 2010

The proposed Union National Bank applied for a national bank charter earlier this month, according to a notice by the Office of the Comptroller of the Currency, which regulates national banks. Union National is seeking a so-called "shelf charter" that would allow it to buy failed banks from the Federal Deposit Insurance Corp., the OCC said.... Charlotte Observer

It's Official: Tiger On The Way

Thursday, April 15, 2010

Woods will be playing in the Charlotte tournament for the fifth time in its eight-year history. He finished fourth in the 2009 Quail Hollow Championship. Hours before Woods committed to play in Charlotte, tournament officials announced third-round tickets are sold out. Tickets remain for the rounds on Thursday, Friday and Sunday, as well as practice rounds. The tournament runs April 26 through May 2. Charlotte Observer

Home loan modifications damage credit

Sunday, Mar. 21, 2010

...Credit scores are always tricky to understand, and the impact of modifications is even more complex. The bottom line, Save Your Home has found, is credit scores are likely to suffer during a temporary trial modification, but can be restored when the modification is finalized.

During a loan modification's trial period, the reduced payments can result in a credit score hit close to the roughly 15 percent to 20 percent blow of a foreclosure, said Barry Paperno. He's consumer operations manager for FICO, the leading provider of credit scoring data... Charlotte Observer

Is foreclosure relief working?

Thursday, Mar. 18, 2010

When President Barack Obama first announced a sweeping effort to combat foreclosures in February 2009, he said the program would "enable as many as 3 to 4 million homeowners to modify the terms of their mortgages." ....The program is designed to lower borrowers' monthly payments by reducing mortgage rates to as low as 2 percent for five years and extending loan terms up to 40 years..." Charlotte Observer

Recession ends in 2010, UNC Charlotte economist says

Tuesday, March 16, 2010

The N.C. economy should grow 3.5 percent in 2010, the first year of growth following two years of decline, according to the quarterly forecast of UNC Charlotte economist John Connaughton... (he) expects the state to gain 36,200 jobs this year. Charlotte Business Journal

Mortgage rates back below 5%

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 >

December

Charlotte-area home sales jump 31%

Electrolux's HQ for N. America to bring 738 jobs

Study: N.C. economy to grow 2.8% next year

November

- Charlotte Home Sales Take Off

- Homebuyer tax credit extended

October

- Existing Home Sales up 9.4%

- Another Housing Bailout?

- Is your Home Holding Value?

September