Stalled Uptown Condo Project gets a Buyer!

There’s a buyer for The Park condos, the stalled uptown tower, with the beginnings of a deal emerging Tuesday from a topsy-turvy three-hour court hearing.

Fed slashes key interest rate a half-point

The Federal Reserve today slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades.

Fed slashes key interest rate a half-point

The Federal Reserve today slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by the most severe financial crisis in decades.

Credit markets improve gradually

“The government’s efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yields. But it will probably take months, and perhaps a few years, before lending returns to healthier levels.”

Wells Fargo wins Wachovia

“In a dramatic showdown over the future of Wachovia, Wells Fargo prevailed Thursday evening, saying it will move forward with its purchase of the Charlotte bank after Citigroup stepped aside.”

Final touches on the Metropolitan (w/ a Trader Joes!)

Metropolitan, conceived more than eight years ago, is on its way to becoming a Next Big Thingfor uptown dwellers and residents of neighborhoods that ring Interstate 277. It’s got a Trader oe’s Too!

HomeArama at The Palisades!

Three lavish, multi-million-dollar homes are the focus of this year’sHomeArama.

N.C. 3 Study: Cabarrus provided planning options

A regional study of how best to expand N.C. 3 and foster development along thehighway has garnered different opinions from Cabarrus County and Kannapolis. http://www.rebic.com/library/Cabarrus/2008/100708%20IT%20NC%203.pdf

What an interest rate cut is supposed to do

“Will U.S. consumers benefit from the interest rate cuts announced Wednesday by the Federal Reserve and several other countries’ central banks?”

Two encouraging bits of real estate news brightened my morning today.

First, pending home sales, based on contracts signed in August, jumped unexpectedly to the highest level since June 2007. According to Lawrence Yun, chief economist for the National Association of Realtors, this improvement was a result of improved affordability and lower interest rates. In addition, the Mortgage Bankers Association reported that mortgage applications increased 2.2 […]

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