Big news for Charlotte! Now home to seven Fortune 500 headquarters, Honeywell announced in November that it will be relocating headquarters to Charlotte from Morris Plains, NJ bringing hundreds of jobs to Charlotte. Honeywell, currently sitting at #77 on the Fortune 100 list, is a technology company that manufactures a wide variety of products from… [Read More]
Charlotte region home sales slow for holiday season
As is typical approaching the end of the year, home buying and selling slowed in preparation for the holiday season, marking the seventh straight month of year-over-year sales declines for the Charlotte region. Overall residential sales fell by nearly 12 percent to 3,310 properties sold across the Charlotte region in November. Compared with October, sales… [Read More]
Community spotlight: Steele Creek’s Berewick
Steele Creek’s Berewick is a rapidly growing community that offers something for everyone in the way of housing and amenities. The sprawling master-planned community inhabits what was formerly a quiet area of Charlotte, where the city expanded into nature near the shores of Lake Wylie. Pappas Brothers, the company that developed Berewick, has been working… [Read More]
Home sales drop for sixth straight month in Oct.
Home sales dropped again in October, marking the sixth straight month decline in year-over-year sales for the Charlotte metro area. Sales decreased 9.8 percent for year-over-year figures to 3,617 properties sold in October. Compared to September, sales in October fell 0.7 percent, according to the most recent report of the Charlotte Regional Realtor Association. A… [Read More]
Real Estate News in Brief
Ribbon gets $225M cash infusion A Charlotte and New York-based technology startup is hoping to expand its cash buying real estate model nationally after receiving a $225 million investment from several investors. Established in 2017, Ribbon is a service that aids home buyers by backing them with cash offers. Ribbon also offers a home valuation… [Read More]
September sales drop more than 15%
For the fifth straight month, Charlotte home sales continued to drop, with September seeing a 15.3 percent decline from sales figures for September 2017. A total of 3,642 properties sold in September compared to 4,302 sold in September 2017. Sales fell more than 19 percent from August’s figures, according to the monthly report from the… [Read More]