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ALERT - Breaking news

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Some homeowners whose insurance carriers request outsized premium hikes have found that competition works in their favor.

Modified: 01/24/13 12:25:34 AM

U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years.

Modified: 01/23/13 12:52:42 AM

Developers scaled back the latest Cameron Village apartment project in part because of neighbors' traffic concerns.

Modified: 01/17/13 04:44:45 AM

Real Deals:  The shadow inventory of distressed residential real estate has been viewed as one of the biggest threats to a sustained housing recovery. The concern in the Triangle, and elsewhere, has been that a flood of such homes would be put up for sale, causing prices to drop and further destabilizing the market.

Modified: 01/18/13 02:09:27 AM
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Triangle home sales are up, but prices have yet to follow
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Look up home sale prices in the Triangle

Bowing to opposition, the developer of a controversial apartment project on Hillsborough Street agreed Tuesday to change its design from seven to five stories.

Modified: 01/16/13 06:47:25 PM

The Raleigh City Council is expected to decide Tuesday whether a seven-story building is too tall for Hillsborough Street.

Modified: 01/15/13 05:34:39 AM

The number of home sales in the Triangle has been rising -- up 23 percent in 2012 compared to the prior year -- while the number of homes on the market has been falling. But Triangle home prices have been basically flat even as inventory levels have dipped to historically low levels.

Modified: 01/15/13 04:45:50 AM
Link
Look up home sale prices in the Triangle

What mortgage meltdown?

Modified: 01/10/13 06:00:30 PM

Banks and other lenders will be prohibited from making home loans that offer deceptive teaser rates or that require no documentation from borrowers, and will be required to take more steps to ensure that borrowers can repay, under consumer protections to be announced Thursday.

Modified: 01/10/13 05:49:25 AM

Real Deals:  While most community banks remain extremely skittish about making construction loans to homebuilders, there are signs that may be changing. This week VantageSouth launched a Builder Finance Division that will target small and midsized homebuilders in the Carolinas and Virginia.

Modified: 01/09/13 11:52:31 PM

The Charlotte bank will pay mortgage giant Fannie Mae $3.6 billion and buy back more than 30,000 loans to resolve a long-running dispute.

Modified: 01/08/13 05:58:59 AM
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Kane Realty expects to break ground on a new 214-unit apartment complex in North Hills in the next few weeks. The $34 million project, called Midtown Green, will be built next to Harris Teeter and the Park & Market apartments.

Modified: 01/03/13 07:30:10 PM

Contact N&O business staff

Mary Cornatzer, business/Capitol editor
(919) 829-4755

David Bracken, assistant business/Capitol editor
(919) 829-4548

Newsroom main number: (919) 829-4520

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