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Charlotte-based Asana Partners is asking Mecklenburg County and the city of Charlotte for $19 million in property tax rebates. The money would help pay for them to convert the old Duke Energy headquarters into apartments and retail.
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A new economic model from North Carolina researchers suggests that tax incentives for high-income property owners and federal subsidies for beach nourishment projects continue to increase coastal property prices, despite growing climate risks from sea level rise.
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After years of empty floors, ghostly parking decks and tumbleweed-esque sidewalks, the city of Charlotte’s economic development staff are prepping City Council members to give some kind of public assistance for uptown office tower owners. Last Monday, economic development director Tracy Dodson invited former Ballantyne real estate executive Ned Curran to talk about how work-from-home has crippled the office market.
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The share of affordable homes plunged 40% from before the pandemic, according to a new analysis. The biggest drops were in smaller cities, where wages could not keep pace with spiking mortgage rates.
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Homeowners associations in North Carolina can file to foreclose on your house for even one missed payment of HOA dues. It’s happened more than 5,500 times since 2018. And almost half of those filings occurred in Mecklenburg County. The Charlotte Observer’s Ames Alexander discusses the subject with WFAE's Marshall Terry.
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Surprise charges for things like paying rent online or removing trash can add up and make an apartment less affordable. Advocates warn they can also put renters at risk for debt or even eviction.
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Latinos are the fastest-growing demographic in North Carolina and the United States and they’re a younger demographic, which means more of them are entering their peak years for home buying.
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The North Carolina Real Estate Commission has agreed to draft rules that would require home sellers to provide more information to buyers about past flood damages and flood risk.
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The buying frenzy of a year ago is long gone. Home buyers have pulled away, sellers are holding back, and the whole housing market is locked in a deep freeze.
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In North Carolina and many other states, sellers don't have to tell home buyers if a house has ever been damaged by flooding. A new study says that lack of disclosure can mean unexpected and costly future damages.