The Mecklenburg Times

The Mecklenburg Times Your inside source for real estate, development and construction, and foreclosure information serving the counties of Mecklenburg, Union & Iredell.

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⚠️ Register today for our 50 Most Influential Women awards celebration! ⚠️These awards spotlight the important role wome...
10/07/2025

⚠️ Register today for our 50 Most Influential Women awards celebration! ⚠️

These awards spotlight the important role women leaders play in North Carolina’s legal and business community. Join us in celebrating these exceptional women!

Register 🔗: https://bit.ly/4myIEYo

Home values rose over last year in 25 major markets, mostly in the Midwest and Northeast. Demand is high — especially in...
10/07/2025

Home values rose over last year in 25 major markets, mostly in the Midwest and Northeast. Demand is high — especially in affordable areas — but building restrictions have put a damper on new and higher-density projects. Sellers have few options to move up to, and existing inventory is still below pre-pandemic averages in many metros.

Meanwhile, home values have fallen year over year in 25 markets — most of them situated in the South or West — restoring a tiny chunk of affordability lost in the early pandemic run-up in prices. In the South, builders have kept up with demand better, easing price pressure and giving homeowners options to move into. Buyers are likely still running into affordability walls in expensive western coastal metros like San Francisco and San Diego.

"Perhaps more than ever, whether it's a good time to buy depends on where you live," said Kara Ng, senior economist at Zillow.

Zillow reports home values rising in Midwest, Northeast but falling in South, West as affordability and inventory challenges persist.

⚠️ Registration is OPEN for our 50 Most Influential Women awards celebration! ⚠️These awards spotlight the important rol...
09/30/2025

⚠️ Registration is OPEN for our 50 Most Influential Women awards celebration! ⚠️

These awards spotlight the important role women leaders play in North Carolina’s legal and business community. Join us in celebrating these exceptional women!

Register 🔗: https://bit.ly/4myIEYo

ATTOM released its second quarter 2025 U.S. Home Flipping Report showing that 78,621 single family homes and condominium...
09/17/2025

ATTOM released its second quarter 2025 U.S. Home Flipping Report showing that 78,621 single family homes and condominiums were flipped in the second quarter, accounting for 7.4 percent of home sales from April through June.

That was down from the first quarter of the year, when flipped homes accounted for 8.3 percent of all sales, and slightly lower than the 7.5 percent of sales posted in the second quarter of 2024. The quarter-over-quarter drop follows a seasonal trend: Flipped properties tend to make up a higher share of overall sales during the first quarter of the year, when there are fewer sales overall.

Profits for home flippers have been steadily falling for more than a decade. In the fall of 2012, the typical flipped home netted a 62.9 percent return on investment (before expenses). In the second quarter of 2025, the typical return was 25.1 percent, the lowest home flipping profit margin ATTOM has recorded in a quarter since the second quarter of 2008.

U.S. home flipping profits dropped to a 17-year low in Q2 2025 as high purchase prices and tighter margins squeeze investors.

Alliance Residential Company, one of the nation’s largest multifamily developers, has announced the opening of Broadston...
09/16/2025

Alliance Residential Company, one of the nation’s largest multifamily developers, has announced the opening of Broadstone West End, a 332-unit apartment community located at 2220 Wilkinson Boulevard in Charlotte’s vibrant FreeMoreWest neighborhood.

Positioned on the north side of Wilkinson Boulevard- just beyond where I-277 becomes Wilkinson- Broadstone West End offers exceptional connectivity to Uptown Charlotte, South End’s dining and nightlife, Bank of America Stadium, and I-77.

Alliance Residential Company, one of the nation’s largest multifamily developers, has announced the opening of Broadstone West End, a 332-unit apartment commu

ATTOM has released its latest Housing Risk Report spotlighting county-level housing markets around the United States tha...
09/12/2025

ATTOM has released its latest Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the second quarter of 2025. The report shows that many of the highest and lowest risk counties were located in the South.

Of the 50 highest risk markets, 14 were in California, seven were in Florida, five in New Jersey, and four in Louisiana. Risk was determined by affordability, proportion of seriously underwater mortgages, foreclosures, and county unemployment rates.

The financial pressures continued to grow on homeowners in many markets in the second quarter, with home prices rising to record highs while, as of June, mortgage rates, wages, and unemployment rates had largely held steady.

In 19 percent (111) of the 579 counties with sufficient data to analyze, residents would have had to spend at least half of their annualized wages to purchase and maintain a home.

Southern and Western counties dominate ATTOM’s Q2 2025 Housing Risk Report, highlighting high foreclosure rates, unemployment and affordability gaps.

🏆 Join us in congratulating our 2025 50 Most Influential Women honorees! 🏆This program spotlights the important role wom...
09/10/2025

🏆 Join us in congratulating our 2025 50 Most Influential Women honorees! 🏆

This program spotlights the important role women leaders play in the Carolinas’ legal and business communities.

Read more 🔗: https://bit.ly/46aY9j3

Toll Brothers, Inc. (NYSE:TOL) has announced its newest master-planned community, Overbrook Estates, is coming soon to H...
08/20/2025

Toll Brothers, Inc. (NYSE:TOL) has announced its newest master-planned community, Overbrook Estates, is coming soon to Huntersville, North Carolina, located off Highway 77 and Gilead Road.

Overbrook Estates will include 357 new homes, including ranch and two-story single-family home designs. Home buyers will be able to choose from nine exquisite home designs across three collections ranging from 3,030 to 3,905+ square feet, with 3 to 6 bedrooms, 2.5 to 5.5 baths, and 2- to 3-car garages. Each home will be built with the outstanding quality, craftsmanship, and value for which Toll Brothers is known. Homes are anticipated to be priced starting from the mid-$600,000s.

Home buyers will experience one-stop shopping at the Toll Brothers Design Studio.

Toll Brothers, Inc. (NYSE:TOL) has announced its newest master-planned community, Overbrook Estates, is coming soon to Huntersville, North Carolina, located o

Construction employment edged higher by 2,000 jobs in July, as spending on projects underway in June decreased 0.4 perce...
08/18/2025

Construction employment edged higher by 2,000 jobs in July, as spending on projects underway in June decreased 0.4 percent from May, according to an analysis of two new government reports that the Associated General Contractors of America. Association officials pointed to ongoing tariff and labor uncertainty as the reason many construction owners may be scaling back planned projects.

“Employment growth in construction has slowed over the past year as uncertainty about tariffs and labor availability have caused owners to delay, stretch out, shrink, and cancel projects,” said, Ken Simonson, chief economist of the Associated General Contractors of America. “As more structures that broke ground in past years reach completion, it is likely that industry employment growth will taper off even more.”

Overall construction employment totaled 8,310,000, seasonally adjusted, in July. Employment rose by 96,000 or 1.2 percent from July 2024 to last month.

Construction employment edged higher by 2,000 jobs in July, as spending on projects underway in June decreased 0.4 percent from May, according to an analysis

Swinerton Builders (Swinerton), an industry-leading commercial general contractor with offices nationwide, started const...
08/07/2025

Swinerton Builders (Swinerton), an industry-leading commercial general contractor with offices nationwide, started construction on its latest hospitality project, a 10,000-square-foot restaurant in Charlotte’s South End neighborhood. The construction of Market on Morehead, a sister concept of the successful Market on Main in Columbia, SC, is on schedule to be complete by year-end. The restaurant is expected to open this winter.

“With their creative interiors, innovative layouts and unique construction challenges, restaurants are some of our favorite projects to tackle,” explains Thomas Ivy, project executive, Swinerton’s Carolinas division.

Swinerton Builders (Swinerton), an industry-leading commercial general contractor with offices nationwide, started construction on its latest hospitality projec

🏆 Today is the deadline to nominate for our 50 Most Influential Women awards! 🏆These awards highlight the role women lea...
08/01/2025

🏆 Today is the deadline to nominate for our 50 Most Influential Women awards! 🏆

These awards highlight the role women leaders play in the local legal and business community. Honorees are selected for their leadership and community involvement.

🔗: https://bit.ly/3YNobpN

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