Real Estate News

National Business

The Mortgage Professor: Purchasing a house with a home equity conversion mortgage: How to do it right

One of the biggest upsides to purchasing a house with a home equity conversion mortgage is that doing so does not impose a monthly payment burden on the borrower. The disadvantage is that this type of reverse mortgage, offered through the Federal Housing Administration, will cover only about 50-60 percent of the house price, depending on the borrower's age. That means the purchaser will need to find the remaining required cash elsewhere. The most common source is asset liquidation.

National Business

Why LA's construction industry relies on immigrants

LOS ANGELES – Eddie Ybarra and Francisco Martinez, both in their 40s, work side by side building the walls of two of the newest condo buildings in downtown Los Angeles. They drive pickup trucks to work, park in adjacent lots and both take their lunch break around 10 a.m. That's about all they share.

Business

Tour of the new 300 South Tryon project

Spectrum Properties and Balfour Beatty Construction led a media tour to introduce Charlotte’s premier new corporate location, 300 South Tryon, a 25-story office tower and adjacent hotel now under construction in the heart of Uptown overlooking Romare Bearden Park and BB

Videos

Romare Bearden Park time lapse

Twilight drifts over buildings surrounding uptown Charlotte park
David T. Foster III The Charlotte Observer
Romare Bearden Park time lapse 0:55

Romare Bearden Park time lapse

Tour of the new 300 South Tryon project 2:26

Tour of the new 300 South Tryon project

Sedgefield residents concerned over possible sale of CMS lot 1:22

Sedgefield residents concerned over possible sale of CMS lot

Queens Cup Steeplechase 1:00

Queens Cup Steeplechase