The Mecklenburg Times

The Bainbridge Companies has?announced construction has begun on Bainbridge Mallard Creek.? The Class A multifamily community will be located at?2610 Beard Rd, Charlotte, N.C., and is slated to open by Fall 2025 with a construction completion date by Summer 2026.?Nearby,?Ayrsley Lofts?and?Matthews Square Apartments?are in Bainbridge’s managed portfolio of communities. #BainbridgeCompanies

ATTOM has released its third quarter 2024 U.S. Home Equity & Underwater Report, which shows that 48.3 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.? That #residentialrealestate

ATTOM has released its third-quarter 2024 U.S. Home Sales Report, which shows that homeowners earned a 55.6 percent profit margin on typical single-family home and condo sales in the United States during the third quarter. #homeprofits

ATTOM has released an updated monthly report on U.S. Commercial Foreclosures. The report reveals that commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in ATTOM's most recent data for September 2024. #commercialforeclosure

ATTOM has released its fourth-quarter 2024 Vacant Property and Zombie?Foreclosure?Report?showing that 1.4 million (1,355,909) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 77 homes, across the nation – virtually the same as in third quarter and up just slightly from a year ago. #zombieforeclosures

Construction sector employment rose by 25,000 jobs in September as both nonresidential and residential contractors added workers at a faster clip than other industries, according to an?analysis?of new government data the Associated General Contractors of America released today. #constructionjobs

Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, has announced its financial results for the three-month period ended September 30, 2024.? “Our third quarter results continued our positive momentum and outlook this year. #SouthernFirst

The Fannie Mae Home Purchase Sentiment Index??(HPSI)?increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment. In August, a survey-high 39% of consumers said they expect mortgage rates to decline in the next 12 months, up from 29% the month prior. #mortgagerate

I've learned over the years that when it comes to Social Security retirement benefit calculations, there are three kinds of people. There are those who just want to know what their benefit is going to be and don't really care too much about how it's calculated. #SocialSecurity

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